Global Fire Alarm Equipment Market Fueled by Strict Government Mandates

The market for fire alarm equipments is a mature market on global level, considering the enhanced frequency of accidents and security issues. The fire alarm equipment market has been witnessing a lot of new innovations, for both product and technology. Advancement in technology as well as product design has resulted in increased innovation of fire alarm equipment and even though the overall market has reached a stage of maturity, constant updates and upgrades keep it running smoothly. Mandatory safety guidelines and regulations have boosted the demand for efficient fire alarm equipment such as fire and smoke detectors and fire extinguishers, driving the global market. Technologies such as wireless networks, sensors, nanotechnology, human machine interface solutions, and smart building have greatly contributed towards the development of the fire alarm equipment market in recent years.

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The report segments the overall fire alarm equipment market based on three major parameters:

Product type

Application

Geography

By product type:

• The market is broadly bifurcated into fire alarm devices and fire alarm panels.

• Fire alarm devices include notification devices, annunciators, and manual pull stations.

• Fire alarm panels include addressable control panels, voice evacuation systems, and conventional fire alarm panels.

The four main target groups that demand fire alarm equipment are industrial buildings, private buildings, commercial installations, and public buildings.

By application:

The Market is segmented into

• Government

• Manufacturing

• Transportation

• Retail

• Drilling platforms

• Academia and Institutional

• Healthcare

• Oil and Gas

• Power Stations

• Warehouses

• Petrochemical Industries

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By region:

The Global Fire Alarm Equipment Market is divided into:

• Asia Pacific

• North America

• Europe

• Rest of the World

The fire alarm equipment market has a large number of players competing at a global and domestic level. The research report identifies the key companies contributing toward the growth of the overall market and profiles them on the basis of aspects such as business overview, product portfolio, recent developments, financial performance, business strategies, strengths, weaknesses, opportunities, and threats.

The leading players operating in the fire alarm equipment market include

• Cooper

• Wheelock

• ADT Security Services Plc.

• Honeywell International Inc.

• Panasonic Eco-Solutions

• VT MAK

• Gentex Corporation

• United Technologies Corporation

• London Security, Siemens

• Building Technologies Group

• Tyco Fire & Security Inc.

• Johnson Controls

• Nittan Company Ltd.

• Bosch Security Systems Inc.

• Napco Security Technologies

• Hochiki Corporation

• Fenwal Controls of Japan Ltd