Fire Sensors and Detectors Market To Report Impressive Growth, Revenue To Surge To US$ 5.47 Billion By 2022

10-Sep-2018 | Zion Market Research

With the presence of a large pool of participants, the global fire sensors and detectors market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Tyco International Limited, Johnson Controls Inc., United Technologies Corporation, and Bosch Security Systems are some of the key vendors of fire sensors and detectors across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the fire sensors and detectors market study.

Citing an instance, in August 2018, Semtech Corporation, a major supplier of analog & mixed-signal semiconductors, launched New Neo-Iso™ Solid State Relay for fire alarms & safety system. Analysts project that the strategic move is likely to favorably leverage the fire sensors and detectors market scope in the future.

Request Sample Request Customization Buy Now

This review is based on a report by Zion Market Research, titled Fire Sensors and Detectors Market by Components, (Smoke Detector, Heat Detector, Flame Detector and Other Detectors) for Engineering Services, Installation and Design, Service and Maintenance, Managed Services, and Other Services.  Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”- Report at http://www.zionmarketresearch.com/report/fire-sensors-detectors-market

As estimated in this report, the global fire sensors and detectors market stood at US$ 3.07 billion in 2016. Witnessing a tremendous rise during the period from 2017 to 2022, the revenue in this fire sensors and detectors market is expected to reach US$ 5.47 billion by the end of the forecast period. The main components available in this fire sensors and detectors market are heat detector, flame detector, and smoke detector.

Fire-Sensors-and-Detectors-Market

Mounting Concerns Over Worker Safety To Spur Market Revenue

“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, reports the fire sensors and detectors market study.

Strict Law Enforcement To Prevent Accidents To Succor Regional Dominance

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 global fire sensors and detectors market is segmented as follows:

By Component

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

By Service 

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

By Industry

  • Academia & 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.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Download Brochure
Latest Published Reports

View All Published Reports