BCC Research Study Forecasts 6.4% CAGR, Highlighting
Increased Demand for Advanced Safety Technologies in Commercial and
Residential Sectors from $6.3 Billion
in 2023 to $9.0 Billion by
2029.
BOSTON, July 25,
2024 /PRNewswire/ -- The Global Flame and Smoke
Detectors Markets ignite the future of fire safety with
cutting-edge technology and explosive growth trends.
"According to the latest BCC research study, the demand for
Global Flame and Smoke Detectors Markets expected to
grow from $6.3 billion in 2023 and
will reach $9.0 billion by the end of
2029 at a compound annual growth rate (CAGR) of 6.4% from 2024
through 2029.
This report analyzes the flame and smoke detectors market by
breaking it down into types of detectors, applications, and
regions. It looks at the market both globally and regionally, and
provides insights into leading companies, including their products,
revenues, and employee numbers. The report also covers patent
analysis, environmental, social, and governance (ESG) factors,
emerging technologies, and the competitive landscape.
The analysis uses 2023 as the base year, with estimates for 2024
and forecasts from 2024 to 2029. It includes market values in
millions of dollars and growth rates in percentages.
Some Interesting Facts about Global Flame and Smoke Detectors
Markets
- In the UAE, starting from January
2024, the Ministry of Interior has required all homeowners
to install fire alarms, significantly improving fire safety in
residential buildings.
- The European Smoke Alarm Day campaign states that installing a
smoke alarm can reduce the likelihood of fire hazards in homes by
75% and make it four times less likely to result in loss of
life.
- According to Informa Markets, the U.K.
saw about 38% of fire alarms being false in 2023, which is an 18%
increase from the previous year.
Factors contributing to this growth include:
- Stringent Policies and Regulations for Residential and
Industrial Hazardous Locations.: refers to strict rules and
laws that govern safety measures in places where there are risks of
hazards, such as homes or industrial sites. These regulations
ensure that proper safety measures, like fire alarms or protective
equipment, are in place to prevent accidents or minimize their
impact.
- Rise in the Number of Fire Accidents.: means an
increase in the incidents where fires occur, leading to damage or
loss of property, injuries, or even fatalities.
- Growing Initiatives for Safety Awareness
Programs.: refers to increasing efforts to educate and
inform people about safety measures and practices. These programs
aim to raise awareness among individuals and communities about how
to prevent accidents, respond to emergencies, and promote overall
safety in various environments.
Request a Sample Copy of the Global Flame
and Smoke Detectors Markets
Report
Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2023
|
Forecast Period
considered
|
2024-2029
|
Base year market
size
|
$6.3 Billion
|
Market Size
Forecast
|
$9.0 Billion
|
Growth Rate
|
CAGR of 6.4% for the
forecast period of 2024-2029
|
Segment
Covered
|
Smoke Detector Type,
Application, Region
|
Regions
covered
|
North America, Europe,
Asia-Pacific, Rest of the World
|
Countries
covered
|
U.S., Canada, Mexico,
Germany, Italy, France, U.K., Spain, Austria, the Netherlands,
Sweden, Denmark, Poland, Japan, China, India, South Korea,
Australia, Indonesia, Vietnam, Thailand, Saudi Arabia, Qatar, UAE,
Argentina, Brazil
|
Key Market
Drivers
|
• Stringent
Policies and Regulations for Residential and Industrial Hazardous
Locations
• Rise in the
Number of Fire Accidents
• Growing
Initiatives for Safety Awareness Programs
|
Market Segmentation The Global Market for
Global Flame and Smoke Detectors Markets can be categorized into
various segments:
- By Flame Detector Type
These are different types of
flame detectors categorized based on their technology and detection
methods. UV (Ultraviolet) flame detectors detect flames by sensing
UV light emitted during combustion. IR (Infrared) flame
detectors use infrared sensors to detect the heat generated by
flames. Hybrid UV/IR detectors combine both UV
and IR technologies for enhanced flame detection
reliability. Multi-spectrum infrared (MSIR) fire alarm
systems use multiple wavelengths of infrared light to detect flames
more accurately across various conditions. "Others" includes
additional specialized flame detection technologies not specified
in the listed categories. These detectors play a crucial role in
fire safety systems by quickly identifying flames and triggering
appropriate responses to mitigate fire hazards.
- By Smoke Detector Type
These categories represent
different types of smoke detectors based on their detection
mechanisms. Beam detectors, also known as photo-electric detectors,
use a beam of light to detect smoke particles in the air. Ionizing
smoke detectors work by ionizing the air between two electrically
charged plates; when smoke enters, it disrupts the ionization
process and triggers the alarm. Dual sensor smoke detectors combine
both ionization and photoelectric technologies for more reliable
smoke detection across different fire types. "Others" includes
additional specialized smoke detection technologies not specified
in the listed categories. These detectors are essential in fire
safety systems, promptly detecting smoke to alert occupants and
prevent potential fire hazards.
- By Application
These categories represent different
applications where flame and smoke detectors are used. Residential
applications refer to homes and apartments, where these detectors
are installed to protect residents from fire hazards. Commercial
applications include buildings like offices, hotels, and retail
spaces, where detectors are crucial for the safety of employees,
customers, and assets. "Others" encompasses specialized
applications such as industrial facilities, educational
institutions, and healthcare settings, where fire safety measures
are also critical. Each application requires tailored fire and
smoke detection systems to ensure early detection and swift
response to potential fire incidents, safeguarding lives, and
property.
This report on global market for global flame and smoke
detectors markets provides comprehensive insights and analysis,
addressing the following key questions:
- What is the projected market size and growth rate of the
market?
The projected market size in 2029 is $9.0 billion, and the market's CAGR is 6.4%
during the forecast period.
- What are the key factors driving the growth of the
market?
- Stringent policies and regulations for residential
and industrial hazardous locations.
- Rise in the number of fire accidents.
- Supportive fire safety awareness programs.
- What segments are covered in the market?
- By Flame
Detector Type
- By Smoke Detector Type
- By Application
- By smoke detector market, which segment will
dominate the market by the end of 2029?
- The dual sensor
smoke detector segment will dominate the market by 2029.
- Which region has the highest market share in the
market?
- The North America
region holds the largest share of the global market.
Some of the Key Market Players Are:
- DRAGERWERK AG & CO. KGAA
- JOHNSON CONTROLS
- TELEDYNE GAS AND FLAME DETECTION
- CARRIER
- EMERSON ELECTRIC CO.
- GENTEX CORP.
- HALMA PLC
- HONEYWELL INTERNATIONAL INC.
- MSA
- ROBERT BOSCH GMBH
- SCHNEIDER ELECTRIC
- SIEMENS
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