Product ID: SQSG20L2010
Global Fire Alarm Market Size, Share, Growth Analysis, By Product(Fire detectors, Fire alarms), By Detector Type(Flame detectors, smoke detectors), By Alarm Type(Audible alarms, Visual alarms), By Application(Automotive, power & utility), By End-User(Consumer Electronics, Healthcare) - Industry Forecast 2024-2031
Report ID:
SQSG20L2010 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
147 |
Figures:
78
Global Fire Alarm Market Dynamics
Fire Alarm Market Drivers
Rising Demand for Worker’s Safety at Critical, Industrial Setting to Bring Lucrative Opportunities for Global Fire Alarm Market
- The demand for advanced fire safety systems in fire-prone industrial settings, such as automotive, power & utility, mining, petrochemical, and oil & gas exploration, will drive the market growth over the next seven years.
- Fire safety between the newly minted work-from-home model considering the COVID-19 pandemic has gained prominence. With businesses slowly reopening in some parts of the world, building managers or facility owners are securing and maintaining fire protection systems.
Fire Alarm Market Restraint
Compromised Quality and Efficiency to Hinder Market Growth
- Fire alarm systems are designed to provide caution against fire, but they do not guarantee warning or protection against fire. Any fire detection system is subject to compromise or failure to warn for a variety of reasons.
- For instance, the particles of smoke from a developing fire may not reach the sensing chambers of the smoke detector, or the amount of smoke present may be insufficient to alarm smoke detectors.
Global Fire Alarm Market Report Snapshots
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