Lucintel Forecasts Fire Ddetector Market to Reach $8.1 Billion by 2027

Market-Research

According to the recent study the Fire Detector Market is projected to reach an estimated $8.1 billion by 2027 from $5.5 billion in 2021, at a CAGR of 6.5% from 2021 to 2027. 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 (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).

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“Flame detector 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 detector 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 due to the increasing adoption of IoT in residential, commercial, and public institutions.

“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.

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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, and Hochiki 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

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

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