The
report "Wireless
Fire Detection Systems Market by Product,
System Type (Fully Wireless, Hybrid), Installation Type (New, Retrofit),
Vertical (Commercial, Residential, Manufacturing), and Geography - Global
Forecast to 2020", The
overall wireless fire detection systems market is expected to be valued at USD
303.8 Million by 2020, at a CAGR of 7.7% between 2016 and 2020.
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=699903
Browse 14 market data tables and 48 figures spread through 136 pages and in-depth TOC on "Wireless Fire Detection Systems Market - Global Forecast to 2020"
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This significant growth rate of the wireless fire detection systems market is fostered by the increasing demand of these systems in retrofit installations due the cost-effectiveness and the ease involved in installing these systems. The improvement in the existing government regulations and mandates regarding fire protection systems is another major driving factor for this market.
Sensors/detectors held largest
share of market based on product in 2015; market for segment expected to grow
at highest CAGR during forecast period
The
market for sensors/detectors is expected to lead the current wireless fire
detection systems market based on product and is expected to grow at the
highest CAGR between 2016 and 2020. The robust growth in infrastructure,
utilities, and facilities sectors is bringing in the need for a greater
adoption of advanced sensors and detectors across the globe. Another important
factor impacting the growth of this market is the stringent government
regulations in many countries regarding the installation of these
sensors/detectors. With the increasing government funding, the market for smoke
detectors is expected to have a positive outlook by 2020, especially in the
residential sector.
Hybrid systems held larger
share of wireless fire detection systems market in 2015
The
hybrid systems held a larger share of the wireless fire detection systems
market based on system type in 2015, and the market for the said segment is
expected to grow at a higher CAGR between 2016 and 2020. The hybrid systems are
mainly suitable for retrofitting buildings as these systems are very resilient
due to their exclusive mode of transmission and offer relatively uncomplicated
installation without cable drawing. On the other hand, the structural cost
involved with a traditional system is high. Hybrid systems are highly suitable
for smaller or larger scale apartments and houses, and for smaller or
medium-scale commercial spaces.
North America expected to hold
largest share of market, while market in Europe expected witness highest CAGR
North
America held the largest share of wireless fire detection systems market in
2015. The market in Europe is expected to grow at the highest CAGR during the
forecast period. Wireless systems have already gained popularity in Western
Europe, especially the UK, France, and Germany. The high expected CAGR of
wireless fire detection systems market in Europe can be attributed to the
stringent government mandate on the installation of smoke detectors or smoke
alarms in homes in European countries such as the UK, France, and Germany.
The
major players in this market include EMS Security Group Ltd (UK), Electro
Detectors Ltd (UK), Sterling Safety Systems (UK), Honeywell International Inc.
(US), Siemens AG (Germany), Tyco International PLC (Ireland), HOCHIKI
Corporation (Japan), Halma Plc (UK), Robert Bosch GmbH (Germany), EuroFyre Ltd
(UK), and Detectomat GmbH (Germany).
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