Fire detection system equipment is designed to sense presence of smoke, fire, and carbon monoxide in closed areas and to warn people through visual and audio appliances. The equipment is widely installed in commercial and residential buildings, industries, and public and private transportation vehicles.
In-Depth research report on Fire Detection Equipment Market :
https://www.radiantinsights.com/research/global-fire-detection-equipment-market-research-report-2018
Residential Sector to Increase Demand for Smoke Detectors
Various types of fire detection system products include sensors/detectors, fire alarm control panels, alarms, bus alarm systems, and others.
The sensors/detectors segment is expected to increase its demand over the forecast period. Rapid urbanization and infrastructure development is driving demand for sensors/detectors across the world. In addition, strict government rules in various countries regarding installation of fire and smoke detectors, especially in residential sector will boost the segment. For instance, in 2017, Singapore government announced the news regarding compulsion of home fire detection devices in new homes, which is likely to implemented by June 2018. The government will offer schemes and subsidies to fix the existing smoke detectors in flats rented by Housing and Development Board (HDB) at no extra cost to the occupants.
Moreover, introduction of technologically advanced smoke detectors that could prevent false warning can increase the product demand. For instance, Honeywell recently launched an early warning smoke detector called Xtralis VESDA. It can be affixed in different environments and prevents false alarms. The system is made up of Flair Detection Technology and its particle characterization competence can deliver effective response during fires.
Market Overview
According to a report available on Radiant Insights, Inc.; the fire detection equipment market is likely to exhibit significant growth by 2022. Rising necessity to protect assets and minimize human lives losses, technological advancements in fire detection devices, and strict fire and safety regulations can propel the market during the forecast period (2018 to 2022).
Europe is expected to show robust growth over the forecast period due to high adoption of wireless detection systems in the region and strict government policies on the installation of smoke detectors in residential buildings. Asia Pacific is expected to show significant growth over the forecast period due to growing awareness among the consumers.
Some of the top companies operating in the market include AFEX, Amerex, Globe Fire Sprinkler, Siemens, and Tyco.
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