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Global Fire Sensors and Detectors Market Will Reach USD 5.47 Billion by 2022: Zion Market Research

According to the report, the global fire sensors and detectors market was valued around USD 3.07 billion in 2016 and is expected to reach USD 5.47 billion by 2022, at a CAGR of 10.1% for the forecast period from 2017 to 2022.

/EIN News/ -- Sarasota, FL, July 28, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Fire Sensors and Detectors Market by Components (Smoke detector, Heat detector, Flame detector and other detectors) for Engineering Services, Installation and Design, Service and Maintenance, Managed Services, and other services:  Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, the global fire sensors and detectors market was valued around USD 3.07 billion in 2016 and is expected to reach USD 5.47 billion by 2022, at a CAGR of 10.1% for the forecast period from 2017 to 2022.
 
Fire sensors and detectors are built to both detect and respond to fire or flame presence. These responses mainly depend upon an installation. The emergence of fire sensors and detectors has helped house owners, staff and more to respond accurately, compared to the traditional heat or smoke detectors used in the past. The machinery used by traditional detectors to detect flame has several flaws. Furthermore, the fire sensors and detectors when installing in commercial buildings provide the best safety measure and are highly affordable. 

Browse through 18 Market Tables and 24 Figures spread through 110 Pages and in-depth TOC on "Global Fire Sensors and Detectors Market: By Type, Application, Size, Trends and Forecast 2016 – 2022”.

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The fire sensors and detectors market is influenced by several drivers, restraints, and opportunities. The constant efforts made by business enterprises to provide safe working space for their staff is the major factor driving the fire sensors and detectors market. The key factors driving the global fire sensors and detectors market are the increase in the safety regulations being implemented by the governments in different regions across the globe, especially in the countries in the European and Asia-Pacific regions, new constructions, and up-gradation of the already installed fire sensing and detection systems.  The fire sensors and detectors are being implemented rigorously in a variety of sectors which include manufacturing, and oil & gas and mining, among others. The global fire sensors and detectors market is segmented into components, services, industry, and regions. The component segment of the sensor and detectors market includes a smoke detector, heat detector, flame detector and other detectors. The services which are offered are engineering services, installation and design, service & maintenance, managed services and other services. By industry, the global fire sensors and detectors market has been segmented into academia & institutional, BFSI, consumer goods & retail, energy & power, government, healthcare, manufacturing, oil & gas and mining, transportation and logistics and others. The market is analyzed based on five regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

North America has witnessed the significant growth of fire sensor and detector market in recent past years on account of increasing technological advancement in this region. In 2016, North America is the region leading the fire sensor and detector market with revenue of around USD 871.64 million in 2016 and is expected to reach around USD 1001.86 million by 2022 with approximate CAGR 2.8%. The global fire sensors and detectors market is dominated by Bosch Security Systems, Tyco, Halma Plc, Honeywell, United Technologies Corporation (UTC).

Browse the full "Fire Sensors and Detectors Market by Components, (Smoke Detector, Heat Detector, Flame Detector and Other Detectors) for Engineering Services, Installation and Design, Service and Maintenance, Managed Services, and Other Services.  Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022" report at https://www.zionmarketresearch.com/report/fire-sensors-detectors-market

In 2016, U.K. contributed the largest share of the European fire sensors and detectors market, and the market in the country was valued at around USD 280.6 million in 2016. It is expected to reach USD 605.88 million by 2022, at a CAGR of 10.1% from 2017 to 2022. In 2014, the European fire sensors and detectors market were dominated by Siemens, Bosch Security Systems, Tyco International Ltd., United Technologies Corporation (UTC), Johnson Controls, Inc., and London Security.

Asia Pacific is expected to exhibit significant growth in the near future. Asia Pacific region is expected to witness the fastest growth during the forecast period. China, India, Japan, Australia, and South Korea are among the major markets for this region. 

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In 2016, Latin America market would grow with revenue of USD 827.8 million and is expected to reach USD 201.92 million by 2022 with CAGR around 13.2%. In 2016, the Latin America Fire Protection Systems market is dominated by Bosch Security Systems, Tyco, Honeywell, Edwards-United Technologies Corporation (UTC) and Siemens wherein Tyco and Honeywell being the important players. The market share in Latin American region by these two players are captured by introducing more innovative products and consistently integrating emerging technologies with the product and services.

Saudi Arabia is the largest country in the Middle East for the fire protection market, as the government has commenced numerous infrastructure projects and the country also is the largest in the oil and gas sector. To address the issue of increasing population burden on existing resources, this government has taken up numerous construction and infrastructure projects, which are expected to push demand for fire protection systems. The United Arab Emirates (UAE) remains the largest commercial and residential market in the region. As authorities mandate the implementation of stringent fire protection norms in buildings, the demand for fire protection products is expected to rise. Oman and Qatar are largely oil-dependent economies and also strong users of fire protection products. 

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The major participants which include Tyco International Limited, Bosch Security Systems, London Security PLC, United Technologies Corporation, London Security PLC, Johnson Controls, Inc.

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The report segment of fire sensors and detectors market is as follows:

Global Fire sensors and Detectors Market: Components Segment Analysis

  • Smoke Detector
  • Heat Detector
  • Flame Detector
  • Other Detectors

Global Fire sensors and Detectors Market: Service Segment Analysis

  • Engineering Services
  • Installation and Design
  • Service and Maintenance
  • Managed Services
  • Other Services

Global Fire sensors and Detectors Market: Industry Segment Analysis

  • Academic & Institutional
  • Consumer Goods & Retail
  • BFSI
  • Energy & Power
  • Government
  • Healthcare
  • Oil & Gas and Mining
  • Transportation and Logistics
  • Manufacturing
  • Others

Global Fire sensors and Detectors Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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