Fire Sensors and Detectors Market Size, Share, Growth Report 2030

Fire Sensors and Detectors Market

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

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

Fire Sensors and Detectors Market

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.

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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:

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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.

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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.

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

By Component

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

Methodology

Free Analysis

FrequentlyAsked 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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