The global voice evacuation system market is projected to reach $1,164.0 million by 2028, at a CAGR of 9.7% during 2023-2028. The growth of voice evacuation system market is driven by rising adoption of building automation and control systems, growing integration of voice based systems in fire and safety products, and widespread installation of these systems in residential, private buildings, public sectors, and industrial units.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the voice evacuation system
market by product type (voice sounders, loudspeakers, emergency microphones,
networked and wireless system, and others), end use industry (commercial,
industrial, and residential), 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 voice evacuation system market?
Q.4 What are some
changing demands of customers in the voice evacuation system market?
Q.5 What are the new
developments in the voice evacuation system 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 voice evacuation system 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 voice evacuation system
market?
Market Segmentation:
Based on product type,
the voice evacuation system market is segmented into voice sounders,
loudspeakers, emergency microphones, networked and wireless system, and others.
The loudspeaker segment accounted for the largest share of the market in 2023
and is expected to register the highest CAGR during the forecast period, due to
the significant use of these speakers for mass notifications during emergencies
to provide proper guidance to the people for safe evacuation.
APAC is expected to
witness highest growth over the forecast period due to the rapid
industrialization and commercialization in the region.
Key Players in the voice
evacuation system market are ABB, ATEIS International, Audico Systems Oy,
Baldwin Boxall Communications, Cofem, Eaton, and Hacousto Holland.
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.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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