Global Wireless Fire Detection System Market - Share, Growth Opportunities to 2023
Market Synopsis:
Fire detection systems are used for residential and commercial applications to detect and prevent unwanted fire and related destruction. The introduction of wireless fire detectors has gained traction owing to its easier installations. Market Research Future (MRFR)’s analysis indicates that the global wireless fire detection systems market is anticipated to reach USD 301.21 Mn, in terms of revenue, by 2023. It also unveils that the market will register 7.6% of CAGR over the forecast period 2017 to 2023.
The product leverages sensors for detection and also includes components such as fire alarm, call point, etc. Advancements in sensor technology are prognosticated to catalyze the growth of the wireless fire detection system market in the upcoming years. The product is being widely adopted across residential, commercial, and industrial properties as a precautionary measure. This, in turn, is expected to revolutionize the growth pattern of the wireless fire detection system market. Some of the advantages of the product over the conventional fire detection system are easy installation and establishing wireless communication between devices or components. These factors are prognosticated to increase revenue growth rate in the market in the forthcoming years.
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The mandates being imposed by the governments to ensure safety of properties is another major driver of the wireless fire detection system market. It is poised to boost the sales of the product with the rise in number of construction projects. Also, the focus on innovating product lines to enhance aesthetics is anticipated to influence the wireless fire detection system market in the coming years. Also, the market is expected to benefit majorly from the industrial sector. Industries such as mining, oil & gas, etc. invest more in safety equipment. It is expected to drive the proliferation of the wireless fire detection system market.
Market Segmentation:
By product, the wireless fire detection system market has been segmented into panel, sensors, siren, smoke panel, detector, and repeater.
By system type, the global wireless fire detection system market has been segmented into fully wireless systems, and hybrid systems.
By mode type, the global wireless fire detection system market has been segmented into standalone mode, addressable mode, conventional mode, and others.
By end-user, the wireless fire detection system market has been segmented into education, residential, healthcare, manufacturing, retail, BFSI, industrial, and government.
Regional Analysis:
The global wireless fire detection system market has been studied for a detailed geographical assessment. This report covers the analysis of the global market based on four key regions - Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). These regions are also assessed on the basis of key country-based markets. North America is a key regional segment which accounts for the largest share of the market. Increasing economic security in the region has boosted the demand for the product for meeting safety standards in residential complexes. It is one of the primary growth drivers of the regional market. In addition, the rising commercial applications in the region is also expected to lead the expansion of the wireless fire detection system market. Europe is prognosticated to exhibit steady growth rate during the assessment period. In Asia Pacific, countries such as China, Japan and South Korea are anticipated to contribute to the development of the market.
Competitive Dashboard:
Honeywell International Inc. (US), Tyco International PLC (Ireland), Robert Bosch GmbH (Germany), Siemens AG (Germany), Halma Plc. (UK), EMS Security Group Ltd (UK), EuroFyre Ltd (UK), Electro Detectors Ltd (UK), HOCHIKI Corporation (Japan), Sterling Safety Systems (UK), and Detectomat GmbH (Germany) are few of the key players of the global wireless fire detection system market.
Browse More Details on Report at: https://www.marketresearchfuture.com/reports/wireless-fire-detection-system-market-3247
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact:
+1 646 845 9312
Email: sales@marketresearchfuture.com
Fire detection systems are used for residential and commercial applications to detect and prevent unwanted fire and related destruction. The introduction of wireless fire detectors has gained traction owing to its easier installations. Market Research Future (MRFR)’s analysis indicates that the global wireless fire detection systems market is anticipated to reach USD 301.21 Mn, in terms of revenue, by 2023. It also unveils that the market will register 7.6% of CAGR over the forecast period 2017 to 2023.
The product leverages sensors for detection and also includes components such as fire alarm, call point, etc. Advancements in sensor technology are prognosticated to catalyze the growth of the wireless fire detection system market in the upcoming years. The product is being widely adopted across residential, commercial, and industrial properties as a precautionary measure. This, in turn, is expected to revolutionize the growth pattern of the wireless fire detection system market. Some of the advantages of the product over the conventional fire detection system are easy installation and establishing wireless communication between devices or components. These factors are prognosticated to increase revenue growth rate in the market in the forthcoming years.
Get Free Sample at: https://www.marketresearchfuture.com/sample_request/3247
The mandates being imposed by the governments to ensure safety of properties is another major driver of the wireless fire detection system market. It is poised to boost the sales of the product with the rise in number of construction projects. Also, the focus on innovating product lines to enhance aesthetics is anticipated to influence the wireless fire detection system market in the coming years. Also, the market is expected to benefit majorly from the industrial sector. Industries such as mining, oil & gas, etc. invest more in safety equipment. It is expected to drive the proliferation of the wireless fire detection system market.
Market Segmentation:
By product, the wireless fire detection system market has been segmented into panel, sensors, siren, smoke panel, detector, and repeater.
By system type, the global wireless fire detection system market has been segmented into fully wireless systems, and hybrid systems.
By mode type, the global wireless fire detection system market has been segmented into standalone mode, addressable mode, conventional mode, and others.
By end-user, the wireless fire detection system market has been segmented into education, residential, healthcare, manufacturing, retail, BFSI, industrial, and government.
Regional Analysis:
The global wireless fire detection system market has been studied for a detailed geographical assessment. This report covers the analysis of the global market based on four key regions - Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW). These regions are also assessed on the basis of key country-based markets. North America is a key regional segment which accounts for the largest share of the market. Increasing economic security in the region has boosted the demand for the product for meeting safety standards in residential complexes. It is one of the primary growth drivers of the regional market. In addition, the rising commercial applications in the region is also expected to lead the expansion of the wireless fire detection system market. Europe is prognosticated to exhibit steady growth rate during the assessment period. In Asia Pacific, countries such as China, Japan and South Korea are anticipated to contribute to the development of the market.
Competitive Dashboard:
Honeywell International Inc. (US), Tyco International PLC (Ireland), Robert Bosch GmbH (Germany), Siemens AG (Germany), Halma Plc. (UK), EMS Security Group Ltd (UK), EuroFyre Ltd (UK), Electro Detectors Ltd (UK), HOCHIKI Corporation (Japan), Sterling Safety Systems (UK), and Detectomat GmbH (Germany) are few of the key players of the global wireless fire detection system market.
Browse More Details on Report at: https://www.marketresearchfuture.com/reports/wireless-fire-detection-system-market-3247
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact:
+1 646 845 9312
Email: sales@marketresearchfuture.com
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