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Fire Sensors and Detectors Market By Component (Smoke Detector, Heat Detector, Flame Detector, and Other Detector),By Service (Engineering Services, Installation and Design, Service and Maintenance, Managed Services, and Other Services), By Industry (Academic & Institutional, Consumer Goods & Retail, BFSI, Energy & Power, Government, Healthcare, Oil & Gas and Mining, Transportation and Logistics, Manufacturing and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 11-Jun-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 120 Report Code: ZMR-1949 Status : Published

The global Fire Sensors and Detectors market accounted for USD 3.07 Billion in 2020 and is expected to reach USD 5.2 Billion by 2028, growing at a CAGR of 5.5% from 2021 to 2028

Description

Market Overview

The Global Fire Sensors and Detectors market accounted for USD 3.07 Billion in 2020 and is expected to reach USD 5.2 Billion by 2028, growing at a CAGR of 5.5% from 2021 to 2028.

Fire sensors and detection systems play a vital part in green buildings. By sensing a fire rapidly and precisely and providing quickcautioning notification, a fire-detection system can edge the release of toxic pollutantsformed by combustion, along with global-warming gases created by the fire. The following environmental effects frequently are unnoticed, but certainlyarise in all fire circumstances. Hence, dropping the prospect of a fire is asignificant part of planning a green building. A smoke detector is a device that senses smoke and subjects an alarm to aware nearby persons of the danger of a possible fire.

Key players in the industry are developing advanced all-in-one solutions for the end-users at a competitive price point. The companies are acquiring with local players and also focusing on investing in research and development to upgrade the products.

COVID-19 Impact Analysis:

COVID-19 pandemic has resulted in a deeply crisis with the imposition of lockdown, it has interrupted the demand and supply chain across the globe. The market is affected due the spreading virus, on the other hand rising incidents of forest fire in various countries has given a hope to the fir sensors and detection market. The industry became stagnant as the production and retailing operation slowed down. Moreover, significant demand for early detection for fire has upsurged the demand for fire sensors.  Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation

Growth Factors

Growing cases of collisions and security issues along with strict government legislations pertaining to worker safety is anticipated to spur Fire Sensors and Detectors market revenue in the years ahead,” says the author of this study. Apart from this, extensive product application in myriad sectors such as oil & gas, manufacturing, and mining will further impel the scope of Fire Sensors and Detectors market.

High maintenance & installation costs, however can limit the Fire Sensors and Detectors market evolution in the ensuing years. Nevertheless, technological & product innovations are expected to reduce these costs in the near future, thereby normalizing the impact of hindrances on the Fire Sensors and Detectors market

Report Scope:

Segment Analysis Preview

Fire Sensors and Detectors market on the basis of Component is segmented into Smoke Detector, Heat Detector, Flame Detector, and other Detectors. The smoke detector segment is anticipated to grow owing to its safety quotient, alarming the consumers of a potential fire hazard and necessity of its installation in every constructed building.

On the basis of Service the market is segmented into Engineering Services, Installation and Design, Service and Maintenance, Managed Services, and Other Services. The Installation and Design segmented is projected to grow on account of increasing demand for safety in residential areas. Rising awareness toward green homes and enhanced building management are the factors propelling the segment.

On the basis of Industry the market is segmented into Academia & Institutional, Consumer Goods & Retail, BFSI, Energy & Power, Government, Healthcare, Oil & Gas and Mining, Transportation and Logistics, Manufacturing, and Others. The Oil & Gas and Mining segmented is anticipated to grow owing to increasing hazardous fire incidents taking place at the drilling and mining site.

Key Market Players &Competitive Landscape

The major players operating in the Fire Sensors and Detectors market are Tyco International Limited, BOSCH SECURITY SYSTEMS, London Security PLC, United Technologies Corporation, and Johnson Controls, Inc., among others.

The Global Fire Sensors and Detectors Market is segmented as follows:

By Component

  • Smoke Detector
  • Heat Detector
  • Flame Detector
  • Other Detector

By Service

  • Engineering Services
  • Installation and Design
  • Service and Maintenance
  • Managed Services
  • Other Services

By Industry

  • Academic & Institutional
  • Consumer Goods & Retail
  • BFSI
  • Energy & Power
  • Government
  • Healthcare
  • Oil & Gas and Mining
  • Transportation and Logistics
  • Manufacturing
  • 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

Table Of Content

  • Chapter No. 1 : Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 : Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Component
        • 2.1.1.2. Market Attractiveness Analysis, By Service
        • 2.1.1.3. Market Attractiveness Analysis, By Industry
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Fire Sensors and Detectors Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 : COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.07. Long Term Dynamics
  • Chapter No. 4 : Fire Sensors and Detectors Market – Component Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Component, 2020 & 2028
    • 4.2. Smoke Detector
      • 4.2.1. Market Industry and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Heat Detector
      • 4.3.1. Market Industry and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Flame Detector
      • 4.4.1. Market Industry and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Other Detector
      • 4.5.1. Market Industry and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 : Fire Sensors and Detectors Market – Service Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Service, 2020 & 2028
    • 5.2. Engineering Services
      • 5.2.1. Market Industry and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Installation and Design
      • 5.3.1. Market Industry and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Service and Maintenance
      • 5.4.1. Market Industry and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Managed Services
      • 5.5.1. Market Industry and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Others Services
      • 5.6.1. Market Industry and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 : Fire Sensors and Detectors Market – Industry Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Industry, 2020 & 2028
    • 6.2. Academic & Institutional
      • 6.2.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Consumer Goods & Retail
      • 6.3.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. BFSI
      • 6.4.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Energy & Power
      • 6.4.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Government
      • 6.6.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.7. Healthcare
      • 6.7.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.8. Oil & Gas and Mining
      • 6.8.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Transportation and Logistics
      • 6.9.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.9.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.10. Manufacturing
      • 6.10.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.10.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.10.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.11. Other
      • 6.11.1. Market Industry and Forecast, By Region (USD Billion)
      • 6.11.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.11.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 : Fire Sensors and Detectors Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.2.2. North America Market Revenue, By Component, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Service, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Industry, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Component, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Service, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Industry, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Component, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Service, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Industry, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Component, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Service, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Industry, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.3.2. Europe Market Revenue, By Component, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Service, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Industry, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Component, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Service, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Industry, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Component, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Service, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Industry, 2016 – 2028
      • 7.3.07. U.K.
        • 7.3.07.1. U.K. Market Revenue, By Component, 2016 – 2028
        • 7.3.07.2. U.K. Market Revenue, By Service, 2016 – 2028
        • 7.3.07.3. U.K. Market Revenue, By Industry, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Component, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Service, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Industry, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Component, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Service, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Industry, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Component, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Service, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Industry, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.4.2. Asia Pacific Market Revenue, By Component, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Service, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Industry, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Component, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Service, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Industry, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Component, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Service, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Industry, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Component, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Service, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Industry, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Component, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Service, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Industry, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Component, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Service, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Industry, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Component, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Service, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Industry, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.5.2. Latin America Market Revenue, By Component, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Service, 2016 – 2028
      • 7.5.2. Latin America Market Revenue, By Industry, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Component, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Service, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Industry, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Component, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Service, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Industry, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Component, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Service, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Industry, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Component, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Service, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Industry, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Component, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Service, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Industry, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Component, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Service, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Industry, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Component, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Service, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Industry, 2016 – 2028
  • Chapter No. 8 : Fire Sensors and Detectors Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Component Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 : Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Fire Sensors and Detectors Market: Company Market Share, 2019
      • 9.1.2. Global Fire Sensors and Detectors Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 9.1.3. Global Fire Sensors and Detectors Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Fire Sensors and Detectors Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 : Company Profiles
    • 10.1. Tyco International Limited
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. BOSCH SECURITY SYSTEMS
    • 10.3. London Security PLC
    • 10.4. United Technulogies Corporation
    • 10.5. Johnson Contruls, Inc.
  • Chapter No. 11 : Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Service Change
  • Chapter No. 12: Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Fire Sensors and Detectors market. Zion Research has collected and analyzed key data belong to the global Fire Sensors and Detectors market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Fire Sensors and Detectors across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Fire Sensors and Detectors industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Fire Sensors and Detectors market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Fire detectors sense one or more of the products or phenomena resulting from fire, such as smoke, heat, infrared and/or ultraviolet light radiation, or gas. In dwellings, smoke detectors are often stand-alone devices. In non-domestic buildings, fire detection will typically take the form of a fire alarm system. A flame detector is a sensor designed to detect and respond to the presence of a flame or fire. Responses to a detected flame depend on the installation but can include sounding an alarm, deactivating a fuel line (such as a propane or a natural gas line), and activating a fire suppression system.

The fire sensors and detectors market is mainly driven by the increasing security issues and accidents. The presence of government regulations regarding citizen and worker safety is also expected to propel market demand in the near future.  Fire sensor and detector systems offer various benefits such as rapid fire detection, location identification, and easy maintenance and are expected to positively impact the fire senor and detector market growth over the forecast period. However, the high cost of installation and maintenance may hamper the market growth over the years. Nonetheless, technological advancement is expected to open up new growth avenues in the near future.

Fire-Sensors-and-Detectors-Market

The global fire sensors and detectors market is segmented into components, services, industry, and regions. The component segment includes a smoke detector, heat detector, flame detector and other detectors. The services which are offered are engineering services, installation and design, service & maintenance, managed services and other services. By industry, the global fire sensors and detectors market have been segmented into academia & institutional, BFSI, consumer goods & retail, energy & power, government, healthcare, manufacturing, oil & gas and mining, transportation and logistics, and others. The market is analyzed based on five regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.
 


Frequently Asked Questions

The global Fire Sensors and Detectorsmarket was valued at USD 3.07Billion in 2020.

The global Fire Sensors and Detectorsmarket is expected to reach USD 5.2Billion by 2028, growing at a CAGR of 5.5% between 2021 to 2028.

Growing cases of collisions and security issues along with strict government legislations pertaining to worker safety is anticipated to spur Fire Sensors and Detectors market revenue in the years ahead,” says the author of this study. Apart from this, extensive product application in myriad sectors such as oil & gas, manufacturing, and mining will further impel the scope of Fire Sensors and Detectors market.

Regionally, North America has been leading the worldwide Fire Sensors and Detectors market and is anticipated to continue on the dominant position in the years to come, states the market study. Strict implementation of legislations to avoid fire-related accidents and fatalities is the main factor behind the dominance of the North America Fire Sensors and Detectors market. The growing technological developments in North America are few of the other factors notably contributing towards the growth of the Fire Sensors and Detectors market in the region.

The major players operating in the Fire Sensors and Detectors market are Tyco International Limited, BOSCH SECURITY SYSTEMS, London Security PLC, United Technologies Corporation, Johnson Controls, Inc., Northrop Grumman Corporation, Amadeus IT Group SA, Siemens AG, International Business Machines Corporation, and Ikusi S.A, among others.

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