September 2024 | Report Format: Electronic (PDF)
U.S. Fire Alarm And Detection Market Growth & Trends
The U.S. fire alarm and detection market size is expected to reach USD 14.13 billion by 2030, growing at a CAGR of 4.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. One significant trend is the increasing adoption of smart and connected technologies, which has generated a demand for suppliers offering integrated solutions. These suppliers specialize in advanced alarm systems and detection devices that seamlessly integrate with existing smart home or commercial automation systems. They also focus on eco-friendly and energy-efficient products, resulting in a rise in suppliers offering sustainable alarm and detection solutions.
Another major factor fueling the demand for fire alarms and detectors is the growing awareness of fire hazards and their potentially devastating consequences. Various fire-related incidents, both in residential and commercial settings, have received significant media attention, raising public consciousness about the importance of fire safety. As a result, homeowners are increasingly recognizing the need for proactive fire prevention measures, leading to a higher demand for fire alarms and detectors. The manufacturers are taking fire safety and security measures to ensure that effective fire safety solutions are in place to safeguard life and property from potential fire hazards.
Factors such as the safety of assets and the elimination of false alerts are also leading to an increased focus on security and property protection in industrial plants and manufacturing facilities. Automated fire protection systems, which can offer quick fire detection and pre-programmed responding for minimizing fire damage, have been witnessing increased demand in the industrial and manufacturing sectors. Increasing expenditure on fire protection measures from the enterprise segment is also anticipated to drive the overall market. For instance, a steel manufacturing plant requires the installation of fire alarm and detection systems in the production process and sensible technologies areas such as control rooms, EDP units, and control cabinets.
As technology continues to advance, new and innovative fire safety products are being developed that are more efficient, reliable, and cost-effective. Advancements in technology enhance the capabilities and effectiveness of fire alarm and detection systems in the U.S. Modern systems employ sophisticated sensors, including smoke, heat, flame, and carbon monoxide detectors, to provide comprehensive fire detection coverage.
Technological advancements have facilitated the integration of fire alarm systems with other Building Management Systems (BMS), allowing for centralized monitoring and control. For instance, in March 2023, Rotarex announced the launch of TRIPLESTAR system for residential kitchens. Regardless of short-term leases, student apartments, or safeguarding older people in nursing homes, the system could provide property owners, parents, and guests with comfort. The RotarexFiretec TRIPLESTAR residential kitchen system is autonomous, requires no power source, and extinguishes fires within seconds.
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U.S. Fire Alarm And Detection Market Report
U.S. Fire Alarm And Detection Market Report Highlights
- Based on product, the fire alarms segment is expected to register the highest CAGR over the forecast period. Smart fire alarm systems are gaining prominence due to their ability to integrate with other smart devices and provide enhanced monitoring and control capabilities
- The fire detectors segment is anticipated to register a considerable growth rate over the forecast period. The segment is primarily driven by regulations and standards set by government agencies and organizations and technological advancements
- Based on application, the residential segment is expected to register the highest CAGR over the forecast period. Homeowners are becoming aware of the devastating impact that fires can have on their homes and their families, and as a result, they are taking proactive steps to protect themselves and their loved ones
- The market is highly fragmented, featuring many players who are entering into strategic collaborations, M&As, new product launches and upgrades, and partnerships to expand their footprint and survive the competitive environment. In March 2023, Honeywell International, Inc. launched self-testing smoke detectors with UL approval. It can be tested autonomously and has revolutionized fire detection, testing, and maintenance
U.S. Fire Alarm And Detection Market Segmentation
Grand View Research has segmented the U.S. fire alarm and detection market based on product and application:
U.S. Fire Alarm And Detection Product Outlook (Revenue, USD Million, 2018–2030)
- Fire Detectors
- Flame Detectors
- Smoke Detectors
- Heat Detectors
- Fire Alarms
- Audible Alarms
- Visual Alarms
- Manual Call-points Alarms
U.S. Fire Alarm And Detection Application Outlook (Revenue, USD Million, 2018–2030)
- Commercial
- Industrial
- Residential
List of Key Players in the U.S. Fire Alarm And Detection Market
- Carrier (Kidde)
- Fike Corporation
- Gentex Corporation
- Hochiki America Corporation
- Honeywell International, Inc.
- Johnson Controls International PLC
- Napco Security Technologies, Inc.
- Rotarex
- Siemens
- The Bosch Group
