Global Fire Detection Equipment Market Report to 2027 - Featuring Gentex, Halma, Robert Bosch and Honeywell International Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Fire Detection Equipment Market Outlook, 2027" report has been added to ResearchAndMarkets.com's offering.

This report provides an in-depth market analysis of the global fire detection equipment industry. This report covers the detailed insights of the equipment based on product category- Smoke Detection, Heat Detection, Flame Detection, and Others. It also included insights along with the value analysis of the fire detection equipment. The report also mentions the competition of leading companies that are involved in the manufacturing of fire detection equipment. The report is classified into 5 regions and 19 countries, along with their local rules & trends.

Companies Mentioned

• Gentex Corporation
• HOCHIKI Corporation
• Napco Security Technologies Inc.
• Nittan Company Ltd.
• Halma plc
• Robert Bosch GmbH
• Honeywell International Inc.
• Siemens Building Technologies

The market for fire detection systems continues to develop as a result of the rising need for building automation, but the Internet of Things (IoT) will not soon be able to expand due to uncertainties regarding wireless protocols. Due to the National Fire Protection Association (NFPA) code as well as the many ways that Gulf nations, which are actively involved in building, have implemented this code, the United States continues to be the major driver of trends and requirements in fire-detection systems.

The market for fire prevention systems is expanding thanks to the building industry's quick expansion and the expanding use of wireless technologies in fire detection. The market is anticipated to have profitable growth prospects due to the integration of smoke detectors with IoT and big data, as well as the recurring modification of regulatory compliances. The market's expansion may be constrained by the high cost of installing new systems and upgrading old systems.

A fire detection system is designed to identify the fire in its early stage and alter the occupants for a quick evacuation. This becomes important as early detection aids tremendously in controlling life and property loss. The occupants can be altered and thus start the control efforts, right from the fire is small. With the technological advancements, now the detection system is also equipped to notify the local emergency responder, which catalysts the fire control process. Being such advantageous equipment, the fire detection market is likely to cross a market value of USD 34000 Million, by the end of the year 2027. Yet the major constraint in the market is the high price and the unwanted panic created due to the false detection.

Initially observed in nursing homes and hospitals, this particular tendency is now progressively spreading to a wider range of institutions, with a concentration on sizable one-story structures like supermarkets and retail centres. The market is generally working toward the highest level of system integration, with the ultimate goal of combining background music, public announcements, fire detection, and evacuation capabilities into a single system. Moreover, with the help of dynamic exit signs technology, safety illumination has begun to be incorporated into fire detection systems. This mainly refers to safety lights that change in response to orders from fire detection systems, directing occupants in a certain direction and preventing them from utilising burning escape routes.

The latest generation of fire-detection panels offers improved interconnection possibilities with Building Management Systems (BMS), and work on dynamic signage lighting has also started. Additionally, procedures are in place for integration with Olympia Electronics' new control panel for addressable lighting as well as the new generation of Voice Evacuation Fire Panels. As a result, a single ecosystem will be created that can completely address the security requirements of any contemporary structure, and the company's cybersecurity know-how will serve as a valuable legacy going forward because it was instrumental in creating the wireless safety lighting system.

The market is divided into three major segments of Smoke Detection, Heat Detection, and Flame Detection, based on the product type. Irrespective of the type, the alarm is triggered and the people are warned to evacuate. The market is led by the smoke detector, which is a sensing device and sends a signal to the building's fire alarm system. However, the smoke detectors are not standalone units and have to be connected to the fire alarm system. On the other hand, the heat detector triggers an alarm if the preset temperature is exceeded. The flame detectors are a perfect solution for any application where even a small spark of fire can cause a huge capital loss.

The market expansion will be driven by the need for sophisticated fire safety systems in industries that are prone to fire, such as the automotive, power & utility, mining, petrochemical, and oil & gas exploration. Due to the COVID-19 epidemic, fire safety has become more important in the context of the brand-new work-from-home paradigm. Building managers or facility owners are securing and maintaining fire safety systems as certain firms across the world progressively reopen.

Considered In the Report

• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2027

REGIONS COVERED:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

ASPECTS COVERED IN THE REPORT

• Market Size by Value for the period (2015-2027F)
• Market Share by Product Type (Smoke Detection, Heat Detection, Flame Detection, and Others)
• Market Share by Application (Commercial, Industrial, Residential)
• Market Share by Region
• Market Share by Country

For more information about this report visit https://www.researchandmarkets.com/r/ehlqly