Fire Detector Market is anticipated to grow at a CAGR of 7% during 2020-2025

The global fire detector market is projected to reach $7.1 billion by 2025, at a CAGR of 7% during 2020-2025. The growth of fire detector market is driven by growth in construction industry and stringent government regulations for fire safety.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising potential, high growth opportunities for the global fire detector market by product (smoke detector, flame detector, heat and others), application (residential, commercial, public institution, industrial and Others), technology (ZigBee, Wi-Fi, Sigfox, NB-IOT, Wired, LoRaWAN, Z-Wave, satellite, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the fire detector market?

Q.4 What are some changing demands of customers in the fire detector market?

Q.5 What are the new developments in the fire detector market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this fire detector area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this fire detector market? 

Emerging trends, which have a direct impact on the dynamics of the industry, include development of multi IR detector are introduction of new standard to reduce false alarming rate.

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Market Segmentation:

Based on product, the fire detector market is segmented into smoke detector, flame detector, heat and others. The flame detector segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the replacement of old equipment.

APAC is expected to become the largest region and it is also expected to witness the highest growth over the over the forecast period due to growing construction of new building and increasing acceptance of fire detector products as a life safety device. 

Key Players in the fire detector market are Honeywell International Inc., Johnson Controls, United Technologies Corporation, London Security, and Hochiki.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/fire-detector-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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