Increasing urbanization and smart city adoption by the UK cities are driving the growth of United Kingdom Fire Detection System Market in the forecast period, 2023F-2027F.
According to TechSci Research report, “United Kingdom Fire Detection System Market Segmented By Type (Alarms, Detectors and Display Panels), By End User (Industrial, Commercial, Residential and Others {Airport, Railway Station}), By Region, Competition Forecast & Opportunities, 2017-2027”, the United Kingdom fire detection system market is anticipated to grow at a CAGR of 6.34% from 2022E-2027F, to reach USD1483.90 million by 2027F. Ongoing industrialization and urbanization and the high-end investments for the development of advanced fire detection systems are the key factors driving the growth of the United Kingdom fire detection system market.
Rapid urbanization is fueling the need to construct residential, commercial, and industrial buildings to accommodate the needs of the growing population in the cities. Construction of standard buildings requires the set-up of an advanced fire detection system to provide a quality experience to its residents. Also, government authorities are launching initiatives to transform the real-estate infrastructure into sustainable and energy-efficient buildings. European Commission has introduced a mission to achieve net-zero emission in buildings by 2030, which is expected to significantly impact the growth of the United Kingdom fire detection market. The government is focusing on developing greenfield projects and investing in upgrading the existing infrastructure into an advanced system.
The commencement of Industry 4.0 due to the rapid adoption of advanced technologies and the need to increase productivity without fueling maintenance and operation costs is expected to accelerate the construction activities in the United Kingdom. With the growing industrial development, the demand for fire detection systems is expected to accelerate in the forecast period.
However, the high installation cost of fire detection systems may restrain the market growth in the forecast period.
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United Kingdom fire detection system market is segmented into type, end user, company, and regional distribution.
Based on the end user, the market is divided into industrial, commercial, residential, and others. Commercial sector dominated the market in 2021, with a market share of 38.87%, and are expected to maintain their dominance throughout the forecast period, 2023-2027. Commercial buildings of prominent industry verticals, including BFSI, retail, healthcare, telecommunication, educational institutions, and other buildings are actively installing fire detection systems as a preventive measure. Owners of the buildings prefer to install a fire detection system to avoid the loss of finance, life, and property and secure the infrastructure from getting affected by the fire. With the boost in the economic activity and the support from the government, construction of commercial buildings is expected to grow at a rapid rate which is expected to create lucrative growth opportunities for the United Kingdom fire detection market in the forecast period.
On the basis of regional distribution, England led the market in 2021 by capturing a market share of 84.76% and is also expected to hold the largest market share for the next five years. The construction of new buildings and other properties fuel the demand for fire detection systems. Also, strict government regulations emphasizing the need to ensure the safety of building residents influence the high sales of fire detection systems.
Major market players operating in the United Kingdom fire detection system market are:
- Halma plc
- Hochiki Europe (UK) Ltd
- Johnson Controls UK&I
- Nittan Europe Limited
- Siemen’s plc
- Eaton Corporation plc
- Honeywell International Inc
- Bosch UK Holdings Ltd
- Gentex Corporation
- SDS Security Ltd
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“The United Kingdom is witnessing a digital revolution by making high-end investments and launching plans focusing on the construction of smart cities in the country. Glasgow, Birmingham, Belfast, Hull, Bristol, London, Milton Keynes, Manchester, Peterborough are some of the cities undergoing transforming and adopting advanced technologies to enhance the quality of life of people. The buildings in these cities have higher efficiency and safety as they use real-time data to provide quality service to residents and are equipped with quality products. With the growing construction of smart buildings, the demand for advanced fire detection systems is expected to grow due to their life-saving properties. The rise in the number of advanced facilities and expanding expenditure capacity of consumers is expected to propel the United Kingdom fire detection system market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United Kingdom Fire Detection System Market Segmented by Type (Alarms, Detectors and Display Panels), By End User (Industrial, Commercial, Residential and Others {Airport, Railway Station}), By Region, Competition Forecast & Opportunities, 2017-2027”, has evaluated the future growth potential of United Kingdom fire detection system market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United Kingdom fire detection system market.
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