The Wireless Fire Detection Systems Global Market Report 2023 by The Business Research Company, provides wireless fire detection systems market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Wireless Fire Detection Systems Global Market Report 2023, the global wireless fire detection systems market size is expected to grow from $1.88 billion in 2022 to $2.03 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global wireless fire detection systems market size is expected to grow to $2.72 billion in 2027 at a CAGR of 7.6%.
The increasing construction industry is expected to propel the growth of the wireless fire detection systems market going forward. The construction industry includes the building of roads and other service facilities as well as repair of buildings and other immovable structures that have become fundamental components of structures and are necessary for their use. The wireless fire detection systems are a part of a building that notify building occupants to take evasive action to escape the dangers of hostile fire.
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The wireless fire detection systems market is segmented:
1) By Product: Smoke Detector, Heat Detector, Gas Detector, Multi Sensor Detector
2) By Model: Fully wireless, Hybrid
3) By Installation Type: New installation, Retrofit
4) By Application: Indoor, Outdoor
5) By Vertical: Residential, Commercial, Government, Manufacturing
Technological advancements are a key trend gaining popularity in the wireless fire detection systems market. Major companies operating in the wireless fire detection systems market are focused on developing new technologies to strengthen their position in the market. For instance, in January 2022, Kentec Electronics, a UK-based renowned manufacturer of life-critical control systems launched K-Mesh, which can be used with Kentec’s addressable fire alarm panels. It is a self-healing and configuring Mesh technology-based next-generation wireless detection system that offers the highest levels of reliability. With the use of wireless sound, light, and voice command features, K-SmartGuide Mesh’s new UNIQUE technology promotes safe and strategic building evacuation while offering the highest level of clarity in evacuation directions.
The wireless fire detection systems market report table of contents includes:
1. Executive Summary
2. Wireless Fire Detection Systems Market Characteristics
3. Wireless Fire Detection Systems Market Trends And Strategies
4. Wireless Fire Detection Systems Market – Macro Economic Scenario
5. Wireless Fire Detection Systems Market Size And Growth
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26. Africa Wireless Fire Detection Systems Market
27. Wireless Fire Detection Systems Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wireless Fire Detection Systems Market
29. Wireless Fire Detection Systems Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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