Fire alarm systems are designed to discover the presence of fire, smoke, or the presence of a harmful gas in a vicinity and warn people through audio and visual appliances regarding the need to evacuate the premises. These alarms may be directly automated from heat and smoke detectors and may also activated manually via fire alarm devices such as pull stations or through speaker strobes sounding an alarm. The installation of fire alarms is compulsory in a variety of commercial, residential, and industrial setups as a part of safety guidelines in a number of countries.
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The global fire alarm system market is expected to witness a significant growth during the forecast period 2020-2021. Increasing requirement for oil and gas industry, energy, power, automotive industry, etc., is encouraging the consumers to adopt for fire alarm systems. Rapidly growing construction industries and spending on infrastructure by government and private sectors and installing smoke alarm and detection systems in building, etc. are contributing towards the lucrative growth of fire alarm market. Prominent players in the industry include Johnson Controls, Honeywell, Siemens, Bosch, Hochiki, Gentex, Encore Fire Protection, Security Technologies, S&S Fire Suppression Systems, Napco Security, Minimax Viking, Securiton, Halma, Robert Bosch, etc.
Johnson Controls in September 2020 opened a 50$ million OpenBlue Innovation Center for creating a next generation built environment in Singapore. The development is done with partnering NUS and Microsoft. The digital innovation centre is made for well ness and to develop solutions to improve sustainability. The company aims to develop more advanced digital solutions in future which are capable of improving performance, reliability, safety, and energy usage of buildings and its occupants. Other centres are also designed to escalate the urban lifestyle.
Manufacturers to Address Concerns of End-Use Industries through Innovative Technology
Rapid advancements in technology have pushed the concept of fire detection beyond a life-saving system. Increasingly, leading companies such as Kidde KN-COSM-BA and First Alert are adopting fire alarm systems equipped with optical technology and dual sensing technology to ensure employee security and warehouse maintenance. As technological developments redefine various industrial requirements, these companies are focusing on developing fire alarm systems specific to the operations and working conditions of the end-use industries such as high rise security systems.
With fragmented demands across various industries, lucrative growth opportunities exist in the development of application-specific fire alarm systems for key market players. In order to offer enhanced security and industry-specific requirements of customers, manufacturers such as Cooper Wheelock and Gentex are concentrating on incorporating dual sensing technology with multi-winged structure for the commercial, warehousing, and residential settings approved by National Fire Protection Association (NFPA).
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Developing High-End Security Solutions with Intelligent Features
Delayed detection and false alarm rings can cost various lives and company stocks. As the need for quick detection and notification system persist in the residential and commercial complexes, major manufacturers such as Notifier and System Sensors are focusing on integrating intelligent notification features in the fire alarm systems. With the incorporation of intelligent notification features, the fire alarm can notify occupants, visitors, and employees with the Emergency Voice Alarm Communication (EVAC) techniques. In addition, these systems direct the occupants towards the closest route to evacuation during an emergency.
To improve their position in the competitive market, companies are focusing on offering fire detection systems equipped with features such as multiple gas and radiation monitors and photonic sensing technology that detect harmful gases and smoke. Also, leading manufacturers are incorporating intelligent features that offer features such as emergency door holders and emergency elevator recall system for the convenience and safety of customers.
Commercial and Residential Industry to Witness Significant Adoption Rate
Of various industries, adoption of the fire alarm system continues to remain concentrated in the residential and commercial buildings. Constructors and building surveyors are ensuring that the buildings and commercial complexes are equipped with effective fire alarm systems.
Building surveyors are pitching in the architectural developments and procedures to decide on allocating fire alarm systems in the areas where accidents can be quickly and easily detected. In addition, constructors are focusing on installing fire alarm systems that can instantly intimate the fire stations on detecting smoke or fire. For instance, LifeShield, a direct TV company has patented its Fire Safety Sensors that operate with both the battery-powered and hardwired smoke detectors. When the fire or smoke is detected, the fire alarm system reacts by dispatching the fire station quickly.
Overall, the research report is a valuable source of information and insights on the fire alarm systems market. Stakeholders in the market can expect valuable analysis that can help them in understand the nuanced factors in this landscape.
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FAQs Answered in Market Study
• What will be the market value of Fire Alarm Systems by the end of 2021?
• What was the CAGR of the market for Fire Alarm Systems over the past 5 years?
• What is the estimated market value by the end of the forecast period?
• What is the market share of the top 5 players of the Fire Alarm Systems industry?
• What is the outlook for the North American region?
• How is the European market for Fire Alarm Systems expected to evolve?
• What are the market statistics for the APAC region?
• Which countries are driving the demand of Fire Alarm Systems?
• What trends are influencing the Fire Alarm Systems landscape?
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