Global fire sensors and detectors market is expected to reach USD 5.47 billion by 2022, at a CAGR of 10.1% during 2017 to 2022.
The report analyzes and forecasts fire sensors and detectors market on a global and regional level. The study offers past data of past year along with forecast from 2017 to 2022 based on revenue (USD Billion). Assessment of market dynamics gives a brief thought about the drivers and restraints for Fire sensors and detectors market along with the impact they have on the demand over the forecast period. Furthermore, the report includes the study of opportunities available in the Fire sensors and detector market on a global level.
The report gives a transparent view of the Fire sensors and detectors market. We have included a detailed competitive scenario and portfolio of prominent vendor’s operative in Fire sensors and detectors market. To understand the competitive landscape of Fire sensors and detectors market, an analysis of Porter’s Five Forces model for the market has also been included. The report offer market attractiveness analysis, wherein components, service, industry, and regional segments are benchmarked based on their general attractiveness, market size, and growth rate.
The study provides a crucial view on Fire sensors and detectors market by segmenting the market based on components, service, industry and regional. All the components, service, industry segments of Fire sensors and detectors market have been analyzed based on present and future trends and the market is estimated from 2014 to 2022. In terms of components which includes a smoke detector, heat detector, flame detector and others. The services include engineering services, installation and design, service and maintenance, managed services and other services for the market. The Industry such as academia & institutional, consumer goods & retail, BFSI, energy & power, government, healthcare, oil & gas and mining, transportation & logistics, manufacturing, and others. The regional segmentation comprises of present and forecast demand in Asia Pacific, Middle East & Africa, North America, Europe, and Latin America Fire sensors and detectors market.
The major participants which include Tyco International Limited, Bosch Security Systems, London Security PLC, United Technologies Corporation, London Security PLC, Johnson Controls, Inc.
The report segment of fire sensors and detectors market is as follows:
Global Fire sensors and Detectors Market: Component Segment Analysis
Global Fire sensors and Detectors Market: Service Segment Analysis
Global Fire sensors and Detectors Market: Industry Segment Analysis
Global Fire sensors and Detectors Market: Regional Segment Analysis
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.
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:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
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.
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:
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.
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.