Fire Alarm Equipment Market Size, Share, Trends, Growth and Forecast 2034

Fire Alarm Equipment Industry Prospective:

The global fire alarm equipment market size was worth around USD 7.02 billion in 2024 and is predicted to grow to around USD 13.82 billion by 2034 with a compound annual growth rate (CAGR) of roughly 7.00% between 2025 and 2034.

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Fire Alarm Equipment Market: Overview

Fire alarm equipment consists of a series of interconnected electronic devices that detect and notify residents of a fire or any other emergency. In the last few years, market research indicates that fire alarm systems have become more sophisticated. They play a crucial role in minimizing damage caused during an emergency such as a fire. In most cases, alarm equipment for fire detection is operated in a centrally controlled and monitored location. The main aim of a fire alarm system is to detect and alert building occupants, allowing them to escape or reach a safer place until evacuation or assistance arrives. Fire alarm equipment consists of several components, such as duct detectors, fire alarm control panels, notification devices, beam detectors, strobes, audible devices, water flow switches, and heat detectors, among other elements. Each component has a specific function to perform. The demand for fire alarm equipment is expected to be influenced by the rising construction of smart cities worldwide.

In addition to this, stringent building codes and standards improving the safety of occupants will further propel industry revenue. On the other hand, increasing innovation in terms of fire alarm systems will escalate the market growth rate during the forecast period. Increasing incidences of false alarms can hinder industry revenue in the coming years, according to market analysis.

Key Insights:

• As per the analysis shared by our research analyst, the global fire alarm equipment market is estimated to grow annually at a CAGR of around 7.00% over the forecast period (2025-2034)
• In terms of revenue, the global fire alarm equipment market size was valued at around USD 7.02 billion in 2024 and is projected to reach USD 13.82 billion by 2034.
• The fire alarm equipment market is projected to grow at a significant rate due to the rising construction of smart cities worldwide.
• Based on the product, the active fire alarm systems segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the application, the commercial buildings segment is anticipated to command the largest market share.
• Based on region, North America is projected to dominate the global market during the forecast period.

Fire Alarm Equipment Market: Growth Drivers

How will the rising construction of smart cities worldwide propel the fire alarm equipment market growth?

The global fire alarm equipment market is expected to benefit from the growing development of smart cities worldwide. Fire alarm systems form an integral part of building safety tools and are considered a critical tool that ensures the safety of occupants. Smart cities consist of modern buildings equipped with digital technologies focusing on sustainability, efficiency, and improved quality of life. In the last few years, several economies worldwide have greenlighted smart city projects, creating more demand for advanced fire alarm systems.

In December 2024, 48 European cities received a part of EUR 22.6 million awarded through the  EU Mission for Climate-Neutral and Smart Cities. In addition to this, in a recent event, Saudi Arabia announced its plans to construct an upside-down skyscraper as a part of the region’s ambitious Smart City NEOM project. Emerging economies such as India and China, among several others, are also registering increased investments in the development of energy efficiency and highly functional smart cities. Such advancements will curate demand for fire alarm systems in the coming years.

Changing building codes and standards, focusing on resident safety, will fuel market revenue

Governments worldwide are increasingly focusing on deploying stricter building codes and regulations with a special focus on the safety of building residents. For instance, the 2023 National Electrical Code (NEC) in the US mandates the use of listed surge-protective devices (SPDs) for fire alarm systems. The mandate will ensure that the alarm equipment remains operational in case of a fire.

In February 2024, European citizens raised alarming concerns over fire safety in European buildings. The growing incidents of accidental fire across the region have propelled demand for stricter building codes in the region. The global fire alarm equipment market is expected to benefit as more countries mandate the use of emergency alarm systems worldwide.

Fire Alarm Equipment Market: Restraints

Will growing cases of false alarms limit the expansion of the fire alarm equipment industry?

The global fire alarm equipment industry is expected to be restricted due to the rising number of false alarms reported worldwide. According to official reports, false fire alarms can be caused by equipment malfunction, environmental factors, and human error. Recent studies show that over EUR 1 billion is incurred in financial losses every year in the UK alone due to false fire alarms.

Furthermore, it can also lead to business damages in monetary losses and safety concerns. Governments worldwide are seeking new measures to mitigate repercussions associated with invalid or false fire alarms.

Fire Alarm Equipment Market: Opportunities

How will technological growth and innovation generate growth opportunities for fire alarm equipment market?

The global fire alarm equipment market is expected to benefit from the rising rate of technological innovations reported within the market. The changing consumer requirements, especially in critical sectors such as banking, financial services, insurance, and data centers, have encouraged higher innovation within the industry. In July 2024, HFI, a business segment of the Halma Safety Sector, announced the launch of Veiga. It is a breakthrough fire alarm and detection solution focusing on delivering higher fire protection in commercial, residential, and industrial spaces across the Indian market.

In another recent milestone, Bosch Building Technologies launched Aviotec 8000i IR camera equipped with a highly advanced Artificial Intelligence (AI) algorithm. It is a video-based fire detection system. AI algorithms are trained using deep learning models. The camera is equipped with an integrated infrared illuminator, enabling the device to operate in total darkness.

In December 2024, Honeywell launched a novel self-testing smoke detector. It can be tested automatically and is currently available under the brand name Notifier Inspire fire alarm system. The new offering is expected to streamline regulatory compliance and device maintenance. Notifier Inspire is powered by the Connected Life Safety Services (CLSS) cloud platform owned by Honeywell.

Fire Alarm Equipment Market: Challenges

Compatibility issues of modern devices with legacy systems may challenge the market growth rate

The global fire alarm equipment industry is expected to be challenged by concerns over the compatibility of modern devices with existing systems. Novel fire alarm equipment is highly advanced, offering features such as Internet of Connectivity, video surveillance, and self-detection.

However, existing supporting infrastructure may not be equipped to handle and promote the smooth functioning of cutting-edge fire alarm systems. On the other hand, limited adoption of the tools in certain parts of the world, especially developing countries, may further inhibit the industry’s growth rate.

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Fire Alarm Equipment Market: Report Scope

Fire Alarm Equipment Market: Segmentation

The global fire alarm equipment market is segmented based on product, application, and region.

Based on the product, the global market segments are active fire alarm systems, passive fire alarm systems, detuned filters, hybrid fire alarm systems, and others. In 2024, the highest growth was listed in the active fire alarm systems segment. They are considered the most critical part of fire-detection systems in all types of buildings. Moreover, intensifying government mandates and building codes encouraging the use of active fire alarm systems will further propel the segmental expansion rate in the future. The average cost of a simple residential fire alarm system can range between USD 40 and USD 150.

Based on the application, the global market divisions are commercial buildings, industrial settings, residential homes, data centers, transportation units, and others. In 2024, the highest revenue was listed in the commercial buildings segment, dominating nearly 43% of the total revenue. The growing construction of large commercial complexes and government safety requirements concerning commercial buildings are facilitating segmental revenue. Furthermore, commercial facilities are at higher risk of accidental fires, further encouraging the use of alarm systems to promote the safety of the residents.

Fire Alarm Equipment Market: Regional Analysis

What factors will help North America continue leading the fire alarm equipment market?

The global fire alarm equipment market is expected to be led by North America. The US is the highest revenue-generating region for the regional industry. Growth in North America is expected to be driven by the rising advancements in next-generation fire alarm systems powered by AI and other related technologies.

In addition to this, the growing construction of large commercial facilities, including data centers, may further impact demand for fire alarm equipment during the forecast period. In April 2025, Johnson Controls, one of the world’s leading suppliers of healthy, smart, and sustainable buildings, launched the new Autocall 4017ES Fire Alarm Control Unit in the U.S. The company aims to meet the evolving needs of the regional population with the new launch.

Europe is another prominent region in the fire alarm equipment industry with high growth potential. Germany is anticipated to emerge as the leading revenue generator for Europe, growing at a CAGR of 4.21%. The evolving building codes and regulations concerning the use of fire alarm systems will propel regional market expansion.

Poland has mandated the installation of smoke and carbon dioxide detectors across residential premises offering short-term rental and hotel rooms by June 2026. Moreover, the presence of several key players in Europe offering advanced fire alarm tools may provide further insight into higher revenue across Europe.

Fire Alarm Equipment Market: Competitive Analysis

The global fire alarm equipment market is led by players like:

• Tyco Fire Protection Products
• Honeywell International Inc.
• Fike Corporation
• Bosch Security Systems
• Hochiki Corporation
• Mircom Group of Companies
• Gamewell-FCI
• Schneider Electric
• Johnson Controls International
• Napco Security Technologies
• Siemens AG
• Gentex Corporation
• Notifier (by Honeywell)
• Edwards (by Carrier)
• ABB Ltd.

The global fire alarm equipment market is segmented as follows:

By Product

• Active Fire Alarm Systems
• Passive Fire Alarm Systems
• Detuned Filters
• Hybrid Fire Alarm Systems
• Others

By Application

• Commercial Buildings
• Industrial Settings
• Residential Homes
• Data Centers
• Transportation Units
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa