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Wireless Fire Detection Systems Market by Product, System Type, Installation Type, Vertical, and Geography - Global Forecast to 2020

Wireless Fire Detection Systems Market: Global Forecast until 2020

  • June 2017
  • 137 pages
  • ID: 4950109
In this report:
The wireless fire detection systems market is expected to be around USD ##.## million in 2016, registering an increase of ##.##% from 2015.
It also made significant investments in its R&D. In 2014, there was an increase in its R&D expenditure by ##% as compared to that in 2013, and this additional expenditure was made mainly for the development of new products in the ACS and PMT segments.

Summary

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"Technological improvements in equipment and networking along with improvement and enhancement of different codes and standards fueling the increase of the wireless fire detection systems market"

The wireless fire detection systems market is anticipated to be valued at $303.80M by 2020, increasing at a compound annual growth rate (CAGR) of 7.70 percent between 2016 and 2020. The industry is influenced by growing emphasis on aesthetics and design and the ease involved in installing these systems. The improvement in the existing government regulations and mandates regarding fire protection systems is a main driving factor for this industry. Nevertheless, the lack of acceptance in the market due to high maintenance cost and low-reliability perception act as industry restraints for the wireless fire detection systems market.

"Sensors/detectors anticipated to have a robust demand during the estimate period"

Various types of technologies for sensing and detecting the presence of fire are available in the market including smoke detectors, heat detectors, gas detectors, and multisensor detectors. The latest trend in the sector is the integration of the detectors and sensor technologies within a single detector, resulting in greater efficiency and lowered cost. The robust rise in infrastructure, utilities, and facilities is growing the need for a greater adoption of advanced sensors and detectors across the world.

"North America continent and EU are the main industries for wireless fire detection systems"

North America (NA) held the biggest share of the wireless fire detection systems market in 2015. Europe (EU) is one of the potential sectors for wireless fire detection systems globally and is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. European countries are home to a number of wireless fire detection system manufacturers. A significant increase of the wireless fire detection systems market in EU can be accredited to the stringent government mandate on the installation of smoke detectors or smoke alarms in homes from European countries including the UK, France (FR), and Germany (DE).

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been managed with main people. The breakup of the profile of primary members taking part is presented below:

• By Company category: Tier 1 = 36.0 percent, Tier 2 = 42.0 percent, and Tier 3 = 22.0 percent

• By Description: C-suite executives = 37.0 percent, Directors = 34.0 percent, and Others = 29.0 percent

• By Area: North America continent = 33.0 percent, Europe (EU) = 36.0 percent, Asia-Pac = 21.0 percent, and RoW = 10.0 percent

The main players decribed in this business report are EMS Wireless Fire and Security Ltd, Electro Detectors Ltd, Sterling Safety Systems, Honeywell International Inc., Siemens Aktiengesellschaft, Tyco International PLC, HOCHIKI Corporation, Halma Plc, Robert Bosch Gmbh, EuroFyre Ltd, and Detectomat Gmbh, among others.

Segment Research

The industry report aims at evaluating the size of the wireless fire detection systems market and increase potential of this market across distinct segments including product, system type, installation type, vertical, and area. Moreover, the study also comprises the industry trends, market forces, regulation review, and competitive study of the top actors in the sector, together with their company descriptions, SWOT study, and recent evolutions.

Main highlights

The analysis would benefit the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global wireless fire detection systems and the sub-segments. This industry report would benefit partners to apprehend the competitor overview better and acquire business insights to position their businesses better and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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