The Global Fire Detection Equipment Market Report by The Business Research Company covers fire detection equipment market drivers and restraints, fire detection equipment market size, major players, and the impact of COVID-19 on the fire detection equipment market.

The fire detection equipment market consists of sales of fire detection equipment and related services by entities (organizations, sole traders, and partnerships) that provide fire detection equipment used to warn people when the presence of fire is detected. Fire detection equipment reduces the damage caused by fire by generating warning signals (including audio or visual signals) in case of fire. Detection of fire is done by detecting the smoke, heat, or flames. However, this equipment does not intervene in the fire suppression.

The global fire detection equipment market reached a value of nearly $19,632.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 2.64% since 2015. The market is expected to grow from $19,632.6 million in 2020 to $26,571.3 million in 2025 at a rate of 6.24%. The fire detection equipment market is then expected to grow at a CAGR of 6.23% from 2025 and reach $35,951.6 million in 2030.

Growth in infrastructure is expected to boost the market for fire detection equipment in the forecast period. Globally, construction activity is increasing owing to several factors such as growing population, economic growth, and rising industrial and commercial activity. Rising investments in renewable energy infrastructure are also contributing to the growth of the global construction market. Growth in construction activity will increase the demand for fire detection equipment, thereby driving the market for fire detection equipment in the forecast period.

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Some fire detection equipment market trends include integrating smoke detectors in their home automation systems to provide ultimate security and control for remote and residential applications. Moreover, the use of the Internet of Things (IoT) in fire detectors allows to alert the user of all possible hazards on their mobile devices at all times from anywhere even if they are away from their property.

Global fire detection equipment market segments include:

1) By Product Type: Flame Detectors, Smoke Detectors, Heat Detectors

2) By End-User: Commercial, Industrial, Residential, Transport, Others

3) By End-Use Industry: Banking, Financial Services and Insurance (BFSI), Hospitality & Travel, Healthcare, Transportation & Logistics, Manufacturing, Retail, Mining, Oil and Gas, Others

4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Fire Detection Equipment Opportunities and Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides fire detection equipment market overviews, analyzes and forecasts market size, share, fire detection equipment market players, fire detection equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The fire detection equipment identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Fire Detection Equipment Opportunities and Strategies: Forecast To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Siemens AG, Johson Controls, Carrier Global Corporation, Honeywell International, Robert Bosch

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Fire Detection Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Fire Detection Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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