Global Wireless Fire Detection Systems Market Size, Share, and COVID-19 Impact Analysis, By Product (Sensors Or Detectors, Fire Alarm Panels And Devices, Input Or Output Modules), By System Type (Fully Wireless Systems, Hybrid Systems), By End User (Commercial, Residential, Government), by Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030Industry: Electronics, ICT & Media
Global Wireless Fire Detection Systems Market Insights Forecasts to 2030
- The global Wireless Fire Detection Systems market was valued at USD 2.5 billion in 2021.
- The market is growing at a CAGR of 9% from 2022 to 2030
- The global Wireless Fire Detection Systems market is expected to reach USD 4.2 billion by 2030
- The North America is expected to grow the fastest during the forecast period
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The global Wireless Fire Detection Systems market is expected to reach USD 4.2 billion by 2030, at a CAGR of 9% during the forecast period 2022 to 2030. The increasing emphasis on aesthetics and design and the is related to such system is going to drive the market over the forecast period. In addition, improvement in in the government mandates and regulation related to the fire protection system are also the other driving factors which are supporting the growth of the Global fire detection systems market.
Wireless fire detection systems are an effective alternative to traditional wired fire detection systems. The wireless fire detection system is basically a device which detects a smoke, fire, and carbon monoxide and simultaneously warns people arounds its area through visual and audio output which are integrated with systems. Wireless fire detection systems acts as a compilation of wireless and wired technologies which are integrated with radio loop components. The combination of wireless and wired systems provides reliable networks which meet the demand of retrofitting environments, multi occupancy building, and industries. Wireless fire detection systems use secured, license free radio communications for the interconnection of devices and sensors with the integral controllers of the systems. The choice of fire detection system depends on the current legislation, use and purpose of the building. Wireless fire detection system comprises monitoring module, detector head, alarm sounds, and wireless manual call point Apart from this there are various other types of wireless fire detection systems like wireless photoelectric smoke detectors, wireless AC powered smoke alarms and others.
Global Wireless Fire Detection Systems Market Report Coverage
|Market Size in 2020:||USD 2.5 Billion|
|Forecast Period 2022-2030 CAGR:||9 %|
|2030 Value Projection:||USD 4.2 Billion|
|Historical Data for:||2019-2020|
|No. of Pages:||210|
|Tables, Charts & Figures:||122|
|Segments covered:||By Product, By System Type, By End User|
|Companies Covered:||Robert Bosch GmbH, Halma PLC, Eurofyre Ltd., Honeywell International Inc., Ceasefire Industries Pvt. Ltd., Keystone Fire Protection Co.|
|Growth Drivers:||The market is anticipated to develop as more wireless technologies are adopted in safety systems, facilitating communication between field equipment and control stations and enabling remote access.|
|Pitfalls & Challenges:||A constraining aspect for the wireless fire detection systems market is anticipated to be a lack of adoption in the sector brought on by low dependability perception and expensive maintenance costs.|
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This research report categorizes the market for Wireless Fire Detection Systems based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Wireless Fire Detection Systems market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Wireless Fire Detection Systems market.
The market is anticipated to develop as more wireless technologies are adopted in safety systems, facilitating communication between field equipment and control stations and enabling remote access. These field devices are frequently installed in dangerous areas, such subsea, in the oil and gas sector. These communication solutions have cut back on overhead costs and cabling costs. These wireless detection devices can be utilised to convey essential facts directly so that top management can issue orders for any urgent situation. The popularity of wireless instrumentation for essential safety applications has expanded with the development of government-compliant wireless fire detection systems. Additionally, it is anticipated that during the course of the forecast period, the falling cost of IR systems will fuel demand for wireless fire detection systems. The sector has become more competitive due to the growth of local and regional suppliers, which has resulted in a sharp drop in the cost of the sensors used in these systems.
A constraining aspect for the wireless fire detection systems market is anticipated to be a lack of adoption in the sector brought on by low dependability perception and expensive maintenance costs. Furthermore, there are now greater chances for market growth due to considerable improvements in fire safety standards and laws in several nations throughout the world.
- In 2021, the Sensors or Detectors segment holds the largest market share during the forecast period.
On the basis of product, the global wireless fire detection systems market is segmented into sensors or detectors, fire alarm panels, and devices, input or output modules, and others. Among these, the sensor or detectors segment holds the largest market share and is anticipated to grow with the highest CAGR during the forecast period. This is attributed to the ability of a technologically advanced sensor to interact with fire alarm panels and transfer real time data efficiently is going to boost the segmental growth. Apart from this, certain factors like long battery life, high sensitivity, and LED indicators will also increase market penetration.
- In 2021, Hybrid systems is anticipated to grow at a highest CAGR.
Based on system type, the global wireless fire detection systems market is segmented into fully wireless systems and hybrid systems. Among these, the hybrid systems holds the largest market share and is going to grow at a significant CAGR over the forecast period owing to the growth factors of the hybrid systems market such as cost effectiveness and connectivity of these systems. This system also lessens the labour charges involved in its installation.
- In 2021, Residential segment holds the highest market share of 20% over the forecast period.
On the basis of end user, the global wireless fire detection systems market is segmented into commercial, residential, government, manufacturing, and others. Among these residential segment holds the largest market share of 20% over the forecast period. The application contributes tremendously in the overall growth of the market owing to the increasing number of fire accidents in residential buildings. Unattended cooking appliances is also an another factor which results in domestic fire accidents in various countries across the world.
Regional Segment Analysis of the Wireless Fire Detection Systems Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
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Europe is dominating the market with the largest market share of 11% over the forecast period.
Among all other regions, the Europe holds the largest market share of 11% over the forecast period owing to the ongoing construction of residential buildings like flats, bungalows, apartments, and private residences which will create a potential industry for wireless fire detection systems. Apart from this, the government administrations are also prompting the businesses in implementing cutting edge technology in supporting industrial automation which will also boost the segmental growth.
The report offers the appropriate analysis of the key organizations/companies involved within the global Wireless Fire Detection Systems market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Robert Bosch GmbH
- Halma PLC
- Eurofyre Ltd.
- Honeywell International Inc.
- Ceasefire Industries Pvt. Ltd.
- Keystone Fire Protection Co.
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Wireless Fire Detection Systems market based on the below-mentioned segments:
Wireless Fire Detection Systems Market, By Product
- Sensors or Detectors
- Fire Alarm Panels and Devices
- Input or Output Modules
Wireless Fire Detection Systems Market, By System Type
- Fully Wireless Systems
- Hybrid Systems
Wireless Fire Detection Systems Market, End User
Wireless Fire Detection Systems Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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