Market Overview:
The global industrial fire alarm equipment market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing demand for addressable systems in the commercial and industrial sectors, owing to their ability to detect and identify the exact location of a fire. Additionally, the growing awareness about safety and security among consumers is also propelling the demand for industrial fire alarm equipment globally. The conventional segment held a major share of the global industrial fire alarm equipment market in 2017 and is projected to maintain its dominance during the forecast period. However, addressable systems are expected to witness higher growth rates as compared with conventional systems over the next decade, due to their advantages such as early detection of fires, reduced false alarms, and improved communication capabilities between devices installed across an organization or facility.
Product Definition:
Industrial fire alarm equipment is used to detect and warn people of a fire in an industrial setting. This type of equipment is important because it can help protect people and property from the dangers of a fire.
Conventional:
Conventional fire alarm systems are the manual, semi-automatic or automatic systems used to provide protection against fires. These equipment are installed in industries such as manufacturing, oil & gas and chemical processing plants. The conventional fire alarm system market is expected to witness significant growth over the forecast period owing to its cost effectiveness and easy availability of products across various segments including industrial, commercial and public areas.
Addressable Systems:
An addressable system is a term used in the field of industrial fire alarm equipment. It is also known as an accessible or visible system. These systems are designed to meet specific requirements set by the regulatory bodies such as Factory Mutual Assistance Association (FMA) and National Fire Protection Association (NFPA). The primary function of these systems includes detecting smoke, heat, and CO2 and sending alerts to the designated person through different alerting methods such as voice communication, visual signaling etc.
Application Insights:
Indoor applications dominated the global market with a share of over 80.0% in 2017. The growth is attributed to the increasing use of fire detection systems in commercial buildings, industrial plants and residential areas for protection against fire accidents. Furthermore, stringent regulations on safety at workplace are expected to boost product demand over the forecast period.
The outdoor segment is expected to witness significant growth owing to an increase in infrastructure development and construction activities across various regions including Asia Pacific, Middle East & Africa and North America. For instance, according to a study conducted by Risk Management Solutions (RMS), LLC., ULC.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrialization, which has resulted in an increasing number of commercial buildings, thereby boosting the demand for fire alarm systems. Furthermore, growing awareness regarding safety and security issues coupled with rapidly expanding manufacturing sector are anticipated to drive industry growth over the forecast period.
Europe accounted for a significant share of revenue owing to stringent regulations imposed on industries by local government authorities as well as national governments. In addition, rapid technological advancements coupled with high standards of living have driven demand from countries such as Germany and U.K.
The Middle East & Africa is projected to witness substantial CAGR during the same period owing to rising construction activities across several countries including Saudi Arabia.
Growth Factors:
- Increasing demand for fire alarm systems from the commercial sector
- Growing awareness about the benefits of using fire alarm systems
- Proliferation of smart buildings and the Internet of Things (IoT)
- Stringent safety regulations and norms across various countries
- Rising demand for advanced fire alarm equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Fire Alarm Equipment Market Research Report
By Type
Conventional, Addressable Systems
By Application
Indoor, Outdoor
By Companies
Johnson Controls, United Technologies Corporation, Siemens, Honeywell, Bosch, Hochiki, Newell Brands Inc., Nohmi, Minimax, Halma, Johnson Controls, Buckeye Fire, Protec Fire, Fike Corporation, Mircom Technologies, Panasonic, Kentec Electronics, Gentex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Fire Alarm Equipment Market Report Segments:
The global Industrial Fire Alarm Equipment market is segmented on the basis of:
Types
Conventional, Addressable Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Indoor, Outdoor
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Controls
- United Technologies Corporation
- Siemens
- Honeywell
- Bosch
- Hochiki
- Newell Brands Inc.
- Nohmi
- Minimax
- Halma
- Johnson Controls
- Buckeye Fire
- Protec Fire
- Fike Corporation
- Mircom Technologies
- Panasonic
- Kentec Electronics
- Gentex
Highlights of The Industrial Fire Alarm Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional
- Addressable Systems
- By Application:
- Indoor
- Outdoor
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Fire Alarm Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial fire alarm equipment is a type of safety equipment used in industrial settings to warn employees of potential fires. These alarms can be activated by smoke, heat, or both.
Some of the major companies in the industrial fire alarm equipment market are Johnson Controls, United Technologies Corporation, Siemens, Honeywell, Bosch, Hochiki, Newell Brands Inc., Nohmi, Minimax, Halma, Johnson Controls, Buckeye Fire, Protec Fire, Fike Corporation, Mircom Technologies, Panasonic, Kentec Electronics, Gentex.
The industrial fire alarm equipment market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Fire Alarm Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Fire Alarm Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Fire Alarm Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Fire Alarm Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Fire Alarm Equipment Market Size & Forecast, 2018-2028
4.5.1 Industrial Fire Alarm Equipment Market Size and Y-o-Y Growth
4.5.2 Industrial Fire Alarm Equipment Market Absolute $ Opportunity
Chapter 5 Global Industrial Fire Alarm Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Fire Alarm Equipment Market Size Forecast by Type
5.2.1 Conventional
5.2.2 Addressable Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Fire Alarm Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Fire Alarm Equipment Market Size Forecast by Applications
6.2.1 Indoor
6.2.2 Outdoor
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Fire Alarm Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Fire Alarm Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Fire Alarm Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Fire Alarm Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Fire Alarm Equipment Market Size Forecast by Type
9.6.1 Conventional
9.6.2 Addressable Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Fire Alarm Equipment Market Size Forecast by Applications
9.10.1 Indoor
9.10.2 Outdoor
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Fire Alarm Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Fire Alarm Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Fire Alarm Equipment Market Size Forecast by Type
10.6.1 Conventional
10.6.2 Addressable Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Fire Alarm Equipment Market Size Forecast by Applications
10.10.1 Indoor
10.10.2 Outdoor
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Fire Alarm Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Fire Alarm Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Fire Alarm Equipment Market Size Forecast by Type
11.6.1 Conventional
11.6.2 Addressable Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Fire Alarm Equipment Market Size Forecast by Applications
11.10.1 Indoor
11.10.2 Outdoor
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Fire Alarm Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Fire Alarm Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Fire Alarm Equipment Market Size Forecast by Type
12.6.1 Conventional
12.6.2 Addressable Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Fire Alarm Equipment Market Size Forecast by Applications
12.10.1 Indoor
12.10.2 Outdoor
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Fire Alarm Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Fire Alarm Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Fire Alarm Equipment Market Size Forecast by Type
13.6.1 Conventional
13.6.2 Addressable Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Fire Alarm Equipment Market Size Forecast by Applications
13.10.1 Indoor
13.10.2 Outdoor
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Fire Alarm Equipment Market: Competitive Dashboard
14.2 Global Industrial Fire Alarm Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Controls
14.3.2 United Technologies Corporation
14.3.3 Siemens
14.3.4 Honeywell
14.3.5 Bosch
14.3.6 Hochiki
14.3.7 Newell Brands Inc.
14.3.8 Nohmi
14.3.9 Minimax
14.3.10 Halma
14.3.11 Johnson Controls
14.3.12 Buckeye Fire
14.3.13 Protec Fire
14.3.14 Fike Corporation
14.3.15 Mircom Technologies
14.3.16 Panasonic
14.3.17 Kentec Electronics
14.3.18 Gentex
