Lucintel Blog: Lucintel Forecasts Fire Detector Market to Reach $8 Billion by 2028

Thursday, October 26, 2023

Lucintel Forecasts Fire Detector Market to Reach $8 Billion by 2028

According to the recent study the Fire Detector Market is projected to reach an estimated $8 billion by 2028 from $5.9 billion in 2022, at a CAGR of 5.3% from 2022 to 2028. Growth in this market is primarily driven by growth in the construction industry and stringent government regulations for fire safety.

Browse 122 figures/charts and 81 tables in this 181-page report to understand trends, opportunities and forecast in fire detector market by product (smoke detector, flame detector, heat and others), application (residential, commercial, public institution, industrial and Others), technology (Wired, 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).

Download sample report by clicking on below link:

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

“Flame detectors market is expected to remain the largest segment during the forecast period.”

Based on product, the fire detector market is segmented into smoke detector, flame detector, heat and others. Lucintel forecasts that the flame detectors market is expected to remain the largest segment due to growing security concern increases demand for fire detectors.

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

Based on technology the wired segment is expected to witness the highest growth over the forecast period.

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

Asia Pacific is expected to become the largest region with the highest growth over the forecast period due to growing construction of new buildings, which necessitates more devices to protect assets and lives.

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

Major players of 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, United Technologies Corporation, London Security, Hochiki, Academy Fire, Fike Corp, Halma, Kidde, Bosch Security Systems, BRK Electronics are among the major 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/fire-detector-market.aspx or helpdesk@lucintel.com.

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Contact:
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Lucintel

Dallas, Texas, USA

Cell: 210-878-7693

roy.almaguer@lucintel.com

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