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", published by MarketsandMarketsTM, 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.
Don’t miss out on business opportunities in Wireless Fire Detection Systems Market. Ask for Discount on Report and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/discountreports.asp?id=699903
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.
Get Free 10% Customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=699903
Browse and in-depth TOC on " Wireless Fire Detection Systems Market "
14 - Data Tables
48 - Figures
136 - Pages
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).
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=699903
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.
Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
