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Wireless Fire Detection System Market to grow at 9% CAGR from 2018 to 2024: Global Market Insights Inc.

Wireless Fire Detection System Market size was estimated at approximately USD 300 million in 2017, and is set to reach 4 million units by 2024; according to a new research report by Global Market Insights, Inc. The growth of the wireless fire detection system market can be attributed to the increasing emphasis on preserving the building design, reducing asbestos, and improving the aesthetics coupled with the ease-of-installation of such systems. The establishment of various standard sand codes for radio fire alarm systems, such as the European Union’s directive EN54 Part 25, outlining the specific requirements and laboratory tests for components using radio links in a wireless fire detection system industry helps to positively boost their adoption as they help in enhancing the credibility of the solution for end-users. The stringent government regulations and mandates are expected to offer a favorable boost for the installation of fire detection systems. However, the lack of acceptance of radio fire alarm systems owing to the high cost of devices and the perception of low reliability given the vulnerability of wireless system infrastructure may pose a threat for the market growth of wireless fire detection system industry over the forecast period.

In a wireless infrastructure, various sensors and detectors communicate with the fire alarm panels through radio signals. The increase in the adoption of addressable fire alarm panels can be attributed to as the key driver for the adoption of wireless sensor technology. The market growth has gained momentum over the past few years owing to the benefits of radio fire alarm systems such as visual and auditory confirmation in cases of emergency and elimination of false alerts by means of a flexible system design. The high cost of wireless control panels may limit the market growth of the wireless fire detection system market over a short term; however, the rise in the number of regional market players offering competitive prices may boost their adoption across such regions. The growing trend of infrastructure development in developing regions including India, Brazil, and Thailand coupled with new construction activities, tightening of fire safety and security norms, and proliferation of wireless connectivity is expected to favorably boost the demand for wireless fire detection system market over the forecast period in such regions. The rise in the adoption of radio fire alarm systems in developing regions offers a stupendous potential for market growth over the next six years. In addition, 1|Page


the need for enhanced safety and security features that match the laid-out compliances and protocols is expected to drive wireless fire detection system industry growth over the mature markets of Europe and North America. The global wireless fire detection system market is factored by trends such as reduction in cabling, swift installation, and minimal structural alterations making the solution viable for retrofit applications, particularly in schools, offices or industrial applications, where downtime disruption is not feasible. The cost and time associated with the installation of wireless fire system are significantly low since there are no cabling requirements. The growing demand for radio fire alarm systems can be attributed to their ease-of-installation, which serves as an appealing feature for most system installers. The wireless fire detection system market can also be integrated into radio loop modules with existing addressable wired systems, making the solution lucrative for hybrid and retrofit applications. U.S. Wireless Fire Detection Systems Market size, by commercial applications, 2017 & 2024 (USD Million)

Numerous technologies for sensing and detecting the presence of fire include heat detectors, smoke detectors, gas detectors and multi-sensor detectors. The ongoing trend in the wireless fire detection system market is the integration of sensors within a single detector, resulting in greater efficiency and lowered cost. The growth in the infrastructure development, facilities, and utilities has alleviated the need for the adoption of advanced sensors and detectors such as smoke detectors across the globe. In addition, the sensor technology’s conformation to various industry standards, such as ISO, EN, FCC, NFPA, UL, and CE, helps in standardizing the product offering and aid end users in making the best purchase decisions. 2|Page


Adoption of wireless fire detection system market across residential applications in the U.S. is expected to boost demand for the solution over the forecast period. The growing trend of smart homes and reduction in price of smart home automation devices is expected to drive down the cost of residential wireless fire detection system market over the forecast period. In Canada, the cost remains high owing to lack of established regional players in the region. With continuous improvements in radio fire alarm systems, these solutions are able to offer advanced features such as temporary fire alarms in cases of accidental or deliberate activation of call points and adaptability of the system to respond to real and genuine emergencies. Issues, such as radio signal interference, can be minimized by an automatic change of frequencies as needed, leading to reduced risks of system failures and improving the overall reliability. The global rise in the demand for wireless fire detection system market in industrial and commercial applications has forced several established layers to expand their expertise in the segment through product innovations or strategic acquisitions. Browse key industry insights spread across 360 pages with 665 market data tables & 32 figures & charts from the report, “Wireless Fire Detection System Market Size By Component (Sensor, Call Point, Fire Alarm Panel, Input/Output Module), By Product (Smoke Detector [Photoelectric, Ionization, Dual Sensor], Heat Detector, Gas Detector, Multi-Sensor Detector), By Model (Fully Wireless, Hybrid), By Installation Type (New Installation, Retrofit), By Application (Residential, Industrial, Commercial [BFSI, Education, Government, Healthcare, Hospitality, Retail]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Spain, Italy, Russia, China, India, Japan, Thailand, Singapore, Australia, Brazil, Mexico, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share & Forecast, 2018 2024� in detail along with the table of contents: https://www.gminsights.com/industry-analysis/wireless-fire-detection-system-market

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Table Of Content (TOC-) Chapter 1. Methodology and Scope 1.1. Methodology 1.1.1. Initial data exploration 1.1.2. Statistical model and forecast 1.1.3. Industry insights and validation 1.1.4. Definition and forecast parameters 1.2. Data Sources 1.2.1. Primary 1.2.2. Secondary Chapter 2. Executive Summary 2.1. Wireless fire detection system industry 3600 synopsis, 2013 - 2024 2.1.1. Business trends 2.1.2. Regional trends 2.1.3. Component trends 2.1.4. Product trends 2.1.5. Model trends 2.1.6. Installation type trends 2.1.7. Application trends Chapter 3. Wireless Fire Detection System Industry Insights 3.1. Industry segmentation 3.2. Industry landscape, 2013 – 2024

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3.2.1. Fire protection industry landscape, 2013 – 2024 3.2.1.1.

Fire detection

3.2.1.2.

Fire suppression

3.2.1.3.

Fire analysis

3.2.1.4.

Fire response

3.3. Industry ecosystem analysis 3.3.1. Raw material suppliers 3.3.2. Product/system manufacturers 3.3.3. Sales channel 3.3.3.1.

Distributors

3.3.3.2.

Electrical contractors/specialist fire system installers

3.3.3.3.

System integrators

3.3.3.4.

Value added resellers (VARs)

3.3.4. Vendor matrix 3.4. Technology landscape 3.4.1. Technology architecture 3.4.2. Key technologies 3.4.2.1.

Mesh technology

3.4.2.2.

Frequency Hopping Spread Spectrum (FHSS)

3.4.2.3.

Internet of Things (IoT)

3.4.2.4.

Big Data

3.4.2.5.

Analytics

3.5. Price trend analysis, 2013 – 2024 3.5.1. Product 5|Page


3.5.1.1.

Smoke detector

3.5.1.2.

Heat detector

3.5.1.3.

Gas detector

3.5.1.4.

Multi-sensor detector

3.5.2. Regional 3.5.2.1.

North America

3.5.2.2.

Europe

3.5.2.3.

Asia Pacific

3.5.2.4.

Latin America

3.5.2.5.

Middle East and Africa

3.5.3. Application 3.5.3.1.

Residential

3.5.3.2.

Industrial

3.5.3.3.

Commercial

3.6. Regulatory landscape 3.6.1. NFPA 72 – Chapter 23 3.6.2. EN54 Part 25 3.6.3. ETSI 300:220 3.6.4. Others 3.7. Industry impact forces 3.7.1. Growth drivers 3.7.1.1. U.S.

Rising demand across residential applications in the

3.7.1.2. Stringent government regulations & standards in Western Europe 6|Page


3.7.1.3.

Economic expansion in Southeast Asia

3.7.1.4.

Propagation of integrated IoT solutions in Brazil

3.7.1.5.

Rise in commercial construction across the Middle East

3.7.2. Industry pitfalls and challenges 3.7.2.1.

High cost of devices

3.7.2.2.

Low reliability perception

3.8. Growth potential analysis 3.8.1. Wireless fire detection system market, by application 3.8.2. Commercial wireless fire detection system market, by type 3.9. Porter’s analysis 3.9.1. Threat of new entrants 3.9.2. Buyer’s power 3.9.3. Threat of substitutes 3.9.4. Threat of suppliers 3.9.5. Industry rivalry 3.10.

Company market share analysis, 2017

3.11.

PESTEL analysis

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Industry Coverage

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com Blog: http://algosonline.com/technology

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Wireless Fire Detection System Market to grow at 9% CAGR from 2018 to 2024  

Request Sample of Report @ https://bit.ly/2J2q3l1 The wireless fire detection system market is bifurcated into fully wireless and hybrid sy...

Wireless Fire Detection System Market to grow at 9% CAGR from 2018 to 2024  

Request Sample of Report @ https://bit.ly/2J2q3l1 The wireless fire detection system market is bifurcated into fully wireless and hybrid sy...

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