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Wireless Fire Detection Systems Market size surpassed USD 1 billion in 2021 and is anticipated to grow at a CAGR of over 8% from 2022 to 2028. Increasing infrastructure projects across the globe coupled with the tightening of fire safety & security norms are expected to drive the market growth during the forecast timeframe.
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The increasing demand for wireless fire detection systems can be attributed to the presence of regulations, standards, and stringent certification demands. For instance, the EN54 Part 25 is a European product standard designed for wireless fire detectors. The regulation specifies that a wireless system must be tested by a third-party test house for sale in Europe. The standard aims at improving the reliability of the wireless offering and ensures that the fire detection system’s performance is at par with the wired system.
The rising adoption of automation technologies coupled with several government initiatives to support innovation in the manufacturing sector will foster the market expansion. The Government of India launched its ‘Make in India’ program to promote the development of the manufacturing industry in the country. Global electronic component manufacturers, such as Samsung Electronics, NXP Semiconductors, and Honeywell International, Inc., are expanding their manufacturing capabilities in India, providing lucrative opportunities for industry growth.
Report Coverage | Details |
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Base Year: | 2021 |
Market Size in 2021: | 1 Billion (USD) |
Forecast Period: | 2022 to 2028 |
Forecast Period 2022 to 2028 CAGR: | 8% |
2028 Value Projection: | 2 Billion (USD) |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 330 |
Tables, Charts & Figures: | 668 |
Segments covered: | Component, Product, Model, Installation Type, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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Growth in the industry is challenged by the lack of technology and acceptance of wireless fire detection systems among end-users. Furthermore, high maintenance costs associated with the constant monitoring of wireless systems and low-reliability perceptions may impact market representation. However, the availability of hybrid systems integrated with both wired & wireless components alleviates the reliability of the overall systems. Hybrid systems are also available for a broad range of end-users.
The wireless fire detection systems market registered a decline in market size in 2020 due to the global recession. The rapid spread of coronavirus across the globe adversely impacted the economic indicators including GDP and consumer disposable income. Capital crunch and financial insecurities have encouraged consumers to postpone the purchase of high-end electronics including wireless fire detection systems, challenging industry expansion. However, with a gradual reduction in the pandemic impacts, sales of advanced fire detection systems in commercial and residential applications will enhance the industry demand during the forecast period.
The sensors segment dominated more than 50% of the market share in 2020. Wireless fire detection sensors will observe a positive market outlook due to their high importance and crucial function in wireless fire detection systems. The segment poses immense growth opportunities for market players owing to the stringent nature of fire safety regulations & mandates requiring periodic monitoring and replacement of outdated sensors. The growing market trend of integration of IoT with building automation and fire detection systems has encouraged the acceptance of intelligent IoT-enabled sensors in the market.
The wireless fire detection systems market for multi-sensor detector segment valued at USD 150 million in 2020. The demand for multi-sensor detectors is poised to grow at a rapid pace favored by the introduction of technologically advanced product offerings in this segment. The rapid development of multi-sensor detection technology along with the proliferation of IoT devices to offer revenue growth opportunities for industry leaders.
Fully wireless systems are projected to witness 8% growth rate by 2028. Maximum coverage across the entire building can be achieved in wireless systems through the use of multiple frequencies, multi-path techniques, and use of diversity reception. Issues including radio signal interference can be minimized by automatic change of frequencies as required, thereby reducing the risk of system failures and improving the overall reliability.
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Retrofit installations in the wireless fire detection systems market is estimated to attain a CAGR of 9% till 2028 owing to several upgrades to the existing fire detection systems driven by regulatory mandates. The benefits offered by wireless fire detection systems include improvement in false alarm mitigation and easy installation of retrofit applications, which are poised to stimulate the segment growth.
The residential application accounted for 20% of revenue share in 2021. Residential application of wireless fire detection system technologies is gaining high popularity in countries that are undergoing infrastructure development initiatives. The implementation of connected devices and construction of buildings with light & flexible materials have eliminated physical & complex wiring in several systems. These factors along with the enhanced efficiency of wireless fire detection systems are providing an impetus to consumers for deploying these systems.
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North America wireless fire detection systems market crossed USD 650 million in 2019. The acceptance of wireless fire detection systems across residential applications in the U.S. is expected to boost solution demand over the forecast period. The growing trend of smart homes to lower the cost of residential wireless fire detection systems during the forecast timeline. An increasing number of fire accidents in the U.S. will influence the adoption of fire detection systems, thereby contributing to the industry value.
Key companies operating in the market are HOCHIKI Corporation, EMS Wireless Fire and Security Ltd., Siemens AG, EuroFyre Ltd., Electro Detectors Ltd., Sterling Safety Systems, Johnson Controls, Halma PLC, Detectomat GmbH, Honeywell International, Inc., and Robert Bosch GmbH. Industry participants are adopting several market strategies, such as partnerships & acquisitions and investing in R&D & innovation, to develop advanced solutions and enhance their global presence.
Market, By Component
Market, By Product
Market, By Model
Market, By Installation Type
Market, By Application
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