Current Market and Future Trends on Fire Alarm Equipments Market upto 2020

2024-11-05 10:05:14 News & Society

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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. Although the global market for fire alarm equipment market is at a mature stage, the associated products and technologies are still in their growth phase and contribute largely towards the market growth. Moreover, the global market for fire alarm equipments continuously grows with the demand in the construction industry and the mandatory health safety guidelines. Among different fire equipments present on a global level, the photoelectric detectors are expected to dominate the fire alarm equipment market by gaining additional market space than others, such as ionization smoke detectors.

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One of the major drivers in the global fire alarm equipment market is the stringent governmental regulation for the safety of labors working in the industries. Also, a few of the jurisdictional requirements by different countries, such as Building Code of Australia and National Fire Protection Association, USA; have mandated the installation of fire detection devices. Furthermore, the National Fire Protection Association has also mandated the use of fire and smoke detecting devices in specific facilities. This has created the need to install fire alarm equipments, thereby, increasing the market demand for fire detectors. Among the market drivers in the global fire alarm equipment market, advanced technologies such as HMI (Human Machine Interface) solutions, wireless sensory networks, nanotechnology and smart building .hold the majority share These technologies are establishing their presence in fire protection equipments market.

The sensors increase the efficiency of systems, as they have effective networking capabilities, therefore, a group of sensors and detectors can communicate easily by control units. Also, distant users can access these sensors through local networks. One of the challenges for the global fire alarm equipment market includes the integration of the user interfaces, when several solutions are used in control mechanism. The deployment of several fire detectors overburdens the user with different interfaces. Many vendors provide framework that integrate wide products under one interface. Such interface operates with automatic solutions and protects the infrastructure, by detecting, verifying and resolving events like fire hazards.

The market segmentation by the target group broadly includes: private buildings, industrial buildings, public buildings and commercial installations. On the basis of applications, the global market for fire alarm equipment is segmented as:

Academia and institutional

Government
Healthcare
Manufacturing
Oil and gas
Transportation
Power Stations
Retails
Warehouses
Drilling platforms
Petrochemical industries
Others

On the basis of industry products, the global market for fire alarm equipments is segmented as:

Fire alarms Panels

Conventional fire alarm panels
Addressable control panels
Voice evacuation systems

Fire alarm devices

Annunciators
Notification devices
Manual pull stations

Some of the market players of the global fire alarm equipments market include Hochiki Corporation, Cooper Wheelock, Honeywell International Inc., Napco Security technologies, Gentex Corporation, Fenwal Controls of Japan Ltd., Bosch Security Systems inc., Nittan Company Ltd., Panasonic Eco-Solutions, Siemens Building Technologies group, United Technologies Corporation, VT MAK, ADT Security Services Plc., Tyco Fire & Security Inc., Johnson Controls and London Security.

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