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 Insights
Fire Alarm Market size was valued at USD 29.75 billion in 2019 and is poised to grow from USD 31.89 billion in 2023 to USD 59.63 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
Increasing awareness among individuals about protection against fire incidents is expected to expand the demand for the fire alarm market during the projection period. Factors such as the ongoing progress in the construction enterprises, the expansion of residential & commercial infrastructures throughout the globe, and the increased rate of fire protection system deployment in educational universities are propelling the market growth during the forecast period.
Additionally, rising fire-related expenditure of different corporations and the rise in loss & deaths of properties is also helping to drive the market growth. Increased awareness about safety & security and the continuous technological developments in alarming devices will shape the future of the market. Government initiatives & support are becoming more prevalent, along with the rising construction of smart buildings, which boost market growth during the forecast period.
US Fire Alarm Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Fire Alarm Market Report Snapshots
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