Wireless Fire Detection Market to Worth US$ 312.54 million by 2026 Increase in Awareness in Industries Towards Fire Detection Systems

Wireless Fire Detection Market to Worth US$ 312.54 million by 2026 Increase in Awareness in Industries Towards Fire Detection Systems

“\”Global Wireless Fire Detection Market\””
Global Wireless Fire Detection Market Research Report:By Product Type (Sensors/Detectors, Call Points, Fire Alarm Panels and Modules, Input/output Modules and Others), System Type (Fully Wireless Systems, Hybrid Systems), Installation Type(New Installation and Retrofit Installation), Application (Indoor and Outdoor), Vertical(Industrial, Residential, Commercial, Healthcare and Others), Geography – Forecast to 2026

Global wireless fire detection market is expected to reach USD 312.54 million by 2026 from USD 165.27 million in 2018, at a CAGR of 8.6% in the forecast period of 2019 to 2026. 

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The wireless fire detection market is a highly concentrated market which includes key players and local players. The market has witnessed various strategic developments owing to favourable market scenario. The market will grow in the coming years due to increase in awareness in industries towards fire detection systems, emergence of advanced technologies in wireless fire detection systems market, growing adoption of fire detection systems in residential sector and stringent government regulations for fire safety. The rapid industrialization in developing economies and introduction of hybrid detection system possesses a great demand for the growth of market.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio in order to meet the rising demand of innovative technology. For instance, in January 2019, Halma plc has announced the acquisition of Business Marketers Group Inc., which is a provider of emergency communication systems in the USA for the refugees. This would help the company in extending the safety communications capabilities and adding a new market niche for the areas of refugee.

Some of the major players operating in this market are:

Ems Security Group Ltd, Electro Detectors Ltd, Sterling Safety Systems, Honeywell International, Inc., Siemens AG, Wagner Group Gmbh, Hochiki Corporation, Halma Plc., Apollo Fire Detectors Limited, Robert Bosch Gmbh, EUROFYRE LTD., Detectomat Gmbh, Ceasefire Industries Pvt. Ltd, Johnson Controls, Napco Security technologies, Inc., Def Nederland, Zeta Alarm ltd, Libelium Comunicaciones Distribuidas S.L, Attentis, Vigilys, Inc and others.

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Market Trends

The wireless fire detection market is segmented into five notable segments which are product type, installation type, system type, application and vertical.

  • On the basis of product type, the market is segmented into sensors/detectors, call points, fire alarm panels and modules, input/output modules and others. The sensors/detectors are sub-segmented into gas detectors, flame detectors, smoke detectors and multisensory detectors. The smoke detectors are further sub-segmented into photoelectric, ionization, and dual sensors
  • On the basis of application, the market is segmented into indoor and outdoor. The indoor segment is sub-segmented into industrial sites, commercial sites, high-rise buildings, hotels, decorative areas, schools and others. The outdoor is sub-segmented into buildings, stores, agricultural areas, forests, plants, and others
  • On the basis of vertical, the market is segmented into industrial, commercial, residential, healthcare, and others. The industrial is sub-segmented into oil and gas, chemical, mining, and others. The commercial is sub-segmented into shopping malls, institutions, offices and others
  • On the basis of system type, the market is segmented into fully wireless systems and hybrid systems
  • On the basis of installation type, the market is segmented into new installation and retrofit installation

Honeywell International, Inc., dominated the wireless fire detection market and accounts for the highest market share in 2018 which is followed by Siemens and Johnson Controls. The other key players existing in the market includes Ems Security Group Ltd, Electro Detectors Ltd, Sterling Safety Systems, Wagner Group Gmbh, Hochiki Corporation, Halma Plc., Apollo Fire Detectors Fire Limited, Robert Bosch Gmbh, Eurofyre ltd., Detectomat Gmbh, Ceasefire Industries Pvt. Ltd, Napco Security technologies, Inc., Def Nederland, Zeta Alarm ltd, Libelium Comunicaciones Distribuidas S.L, Attentis, GTE, Vigilys, Inc and others.

Siemens:

Siemens headquartered in Berlin, Germany was founded in 1847. The company focuses towards engineering and innovation in electrification, automation and digitalization. The company has nine operating divisions namely, Power and gas, Energy Management, Building Technologies, Mobility, Digital Factory, Process industry and drives, Siemens Healthineers, Siemens Gamesa Renewable Energy, and Financial Services. The Power and gas business division is engaged in offering a broad spectrum of products and solutions for generating electricity from fossil fuels and for producing and transporting oil and gas. Energy Management division is engaged in R&D, manufacturing and marketing various software, products, systems, solutions, and services for transmitting, distributing and managing electrical power and for providing intelligent power infrastructure. Building Technologies division is engaged in R&D, manufacturing and marketing of automation technologies and digital services. Mobility division is engaged in the area of passenger and freight transportation, including rail vehicles, rail automation systems, rail electrification systems, road traffic technology, digital solutions and related services. Digital factory is engaged in providing solutions for the automation majorly for the manufacturing sector. Process industries and drives segment is engaged in providing the product, software, solution and service portfolio for various industries. Siemens Healthineers is engaged in providing solutions for diagnostic imaging and laboratory diagnostics. Siemens Gamesa Renewable Energy is engaged in the development, construction and sale of wind farms. Financial Services is engaged in supporting the customers’ investments with leasing solutions and equipment, project and structured financing in the form of debt and equity investments.

The product portfolio offered by Building Technologies provides solutions, products and services for the automation technologies and digital services for safe, secure and efficient buildings and infrastructures throughout the entire lifecycle. The energy management segment has recorded revenue of USD 8,728.50 million in 2018 and has witnessed a growth by 1.38% as compared to previous year owing to changes in the non-residential construction markets with a time lag of two to four quarter and the growing demand for energy efficiency of buildings partly is driven by rising legal and regulatory requirements, and the necessity to reduce cost by increasing space efficiency and utilization.

It has its global networks through direct sales representatives and distributors in the Europe, C.I.S., Asia, Africa, Middle East, Americas, and Australia. The company’s subsidiaries include Siemens Healthcare GmbH (Germany), Dresser-Rand (US), Siemens PLM Software (U.S.), Siemens Gamesa Renewable Energy, (S.A.), Siemens Technology and Services(India) and Others.

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