Lucintel Blog: Lucintel Forecasts Wired Fire Detector Market to Reach $3.9 Billion by 2028

Friday, June 23, 2023

Lucintel Forecasts Wired Fire Detector Market to Reach $3.9 Billion by 2028

According to the recent study the wired fire detector market is projected to reach an estimated $3.9 billion by 2028 from $2.8 billion in 2023, at a CAGR of 6.8% from 2023 to 2028. Growth in this market is primarily driven by increasing preference for fire detecting gadgets to obtain information more accurately and quickly. Wired fire detector also helps in communicating and making a network between similar devices which are controlled by the central control panel.

A more than 150–page report is developed to understand trends, opportunities and forecast in wired fire detector market by product (smoke detectors, flame detectors, heat detectors, and others), application (residential, commercial, public institution, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/wired-fire-detector-market.aspx

“Smoke detector market is expected to remain the largest segment during the forecast period.”

Based on product, the wired fire detector market is segmented into smoke detectors, flame detectors, heat detectors, and others. Lucintel forecasts that the smoke detector market is expected to remain the largest segment as smoke detectors ensure safety, higher efficiency, low maintenance, and compliant with local codes.

“Within the wired fire detector market, the commercial segment is expected to remain the largest application.”

Based on application the commercial segment is expected to witness the highest growth over the forecast period due to the increasing demand for wire-based fire detectors among small businesses as they are more affordable than other devices.

“Asia pacific will dominate the wired fire detector market in near future.”

APAC will remain the largest region due to rapid urbanization and increasing construction of new buildings in the region.

Download Brochure of this report by clicking on https://www.lucintel.com/wired-fire-detector-market.aspx.

Major players of wired fire detector market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Honeywell International, Johnson Controls, London Security, Kidde, and Bosch Security Systems are among the major wired fire detector providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wired-fire-detector-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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