The sold production of burglar or fire alarms in Germany was worth 697.35 million euros in 2023. From 2024 onwards, forecasted data shows a steady annual increase: 712.78 million euros in 2024, 728.65 million euros in 2025, 744.36 million euros in 2026, 759.92 million euros in 2027, and 775.32 million euros in 2028. The year-on-year percentage increases are as follows:
From 2023 to 2024: 2.2%
From 2024 to 2025: 2.2%
From 2025 to 2026: 2.2%
From 2026 to 2027: 2.1%
From 2027 to 2028: 2.0%
The compound annual growth rate (CAGR) for the period 2024-2028 stands at approximately 2.1%, illustrating a consistent upward trend.
Future trends to watch for include advancements in smart home technology, increasing regulatory requirements for safety installations, and the surge in IoT-enabled alarm systems which could drive further market growth and innovation in burglar or fire alarm products in Germany.
