Market Research Future published a research report on “Wireless Fire Detection System Market Research Report- Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2023.
Wireless fire detection systems are alarms which sound alerts to residents with the help of fire sensors. The sensor nodes in these systems support short-range communication, low processing power, and low battery capacity. The global wireless fire detection system market report by Market Research Future (MRFR) provides a comprehensive overview of the industry as well as estimations for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its impact on the industry are included in the report.
The global Wireless Fire Detection System Market is expected to grow to USD 301.21 million by 2023. It is likely to exhibit 7.6% CAGR over the forecast period. It is driven by the evolution of sensors and technologies for detecting fires in complexes of all sizes. Integration of hybrid systems in legacy and new constructions as well as flexible solutions for clients can fuel the market growth. The cost-savings benefit of wireless fire detection systems while eliminating the need for wiring of different devices can bolster the global market demand till the end of the forecast period.
The compatibility of wireless fire detection systems with latest spectrum bandwidths and the high internet speeds made possible due to evolution of communication networking technologies can favor the market growth. The savings on cable expenses and other overheads can attract commercial buildings and residential societies in integrating the devices in their facilities. The appeal on new designs and interior aesthetics can trigger massive market demand for wireless fire detection systems.
EMS Security Group Ltd, Detectomat GmbH, Honeywell International Inc., Halma Plc., Electro Detectors Ltd, Robert Bosch GmbH, HOCHIKI Corporation, Siemens AG, Sterling Safety Systems, EuroFyre Ltd, and Tyco International PLC are key players of the global wireless fire detection system market.
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The global wireless fire detection system market has been segmented on the basis of product, system, installation type, and end -users.
By product, it is segmented into repeaters, panels, siren, smoke detectors, sensors, and others. The sensors segment is expected to lead the market till 2023.
By system type, it is segmented into fully wireless systems, hybrid systems, and others. The hybrid systems segment is projected to capture the maximum share in the global wireless fire detection system market. This can be attributed to emphasis on wireless installations, internet penetration, and new fire safety standards.
By mode type, it is segmented into standalone mode, conventional mode, addressable mode, and others.
By end-user, it is segmented into government, education, industrial, healthcare, manufacturing, retail, BFSI, and others. The industrial segment is predicted to capture a large market share owing to retrofitting of fire detection systems in adherence to latest worker safety laws and practices.
The regional analysis of the wireless fire detection systems market is being studied for region such as Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW). North America held the largest market share due to rise in adoption of fire detectors and defined safety standards in the region. The protection of the surrounding environment while providing optimal solutions is one of the biggest drivers of the wireless fire detection system market to thrive in the region.
Europe is showing positive growth in the global wireless fire detection systems devices market. APAC is expected to showcase a stellar growth rate during the forecast period owing to countries such as China, Japan, and South Korea.
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