Wireless Fire Detection System Market worth over $500mn by 2024

Wireless Fire Detection System Market size is set to exceed USD 500 Million by 2024, according to a new research report by Global Market Insights, Inc.
 

The market growth can be attributed to increasing emphasis on preserving the building design, reducing asbestos, and improving the aesthetics coupled with ease-of-installation of such systems. Furthermore, the stringent government regulations and mandates are expected to offer a favorable boost for the installation of fire detection systems.

 

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However, the lack of acceptance of radio fire alarm systems owing to high cost of devices and the perception of low reliability given the vulnerability of wireless system infrastructure may pose a threat for the growth of the wireless fire detection system market.
 

Wireless Fire Detection System Market

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The growing trend of infrastructure development in developing regions including India, Brazil, and Thailand coupled with new construction activities, tightening of fire safety and security norms, and proliferation of wireless connectivity is expected to favorably boost the demand for the wireless fire detection system market.
 

The rise in the adoption of radio fire alarm systems in developing regions offers a stupendous potential for market growth over the next six years. In addition, the need for enhanced safety and security features that match the laid-out compliances and protocols is expected to drive industry growth over the mature markets of Europe and North America.
 

Browse key industry insights spread across 360 pages with 665 market data tables & 32 figures & charts from the report, “Wireless Fire Detection System Market Size By Component (Sensor, Call Point, Fire Alarm Panel, Input/Output Module), By Product (Smoke Detector [Photoelectric, Ionization, Dual Sensor], Heat Detector, Gas Detector, Multi-Sensor Detector), By Model (Fully Wireless, Hybrid), By Installation Type (New Installation, Retrofit), By Application (Residential, Industrial, Commercial [BFSI, Education, Government, Healthcare, Hospitality, Retail]), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2018 - 2024in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/wireless-fire-detection-system-market
 

The global wireless fire detection system market is factored by trends such as reduction in cabling, swift installation, and minimal structural alterations making the solution viable for retrofit applications, particularly in schools, offices or industrial applications, where downtime disruption is not feasible. The cost and time associated with the installation of wireless fire system are significantly low since there are no cabling requirements.
 

The growing demand for radio fire alarm systems can be attributed to their ease-of-installation, which serves as an appealing feature for most system installers. The wireless fire detection systems can also be integrated into radio loop modules with existing addressable wired systems, making the solution lucrative for hybrid and retrofit applications.
 

The ongoing trend in the wireless fire detection system market is the integration of sensors within a single detector, resulting in greater efficiency and lowered cost. The growth in the infrastructure development, facilities, and utilities has alleviated the need for the adoption of advanced sensors and detectors such as smoke detectors across the globe. In addition, the sensor technology’s conformation to various industry standards, such as ISO, EN, FCC, NFPA, UL, and CE, helps in standardizing the product offering and aid end users in making the best purchase decisions.
 

Adoption of wireless fire detection systems across residential applications in the U.S. is expected to boost the regional market revenue during the forecast period. The growing trend of smart homes and reduction in price of smart home automation devices will influence the market demand.
 

With continuous improvements in radio fire alarm systems, these solutions can offer advanced features such as temporary fire alarms in cases of accidental or deliberate activation of call points and adaptability of the system to respond to real and genuine emergencies. Issues, such as radio signal interference, can be minimized by an automatic change of frequencies as needed, leading to reduced risks of system failures and improving the overall reliability.
 

The global rise in the demand for wireless fire detection systems in industrial and commercial applications has forced several established layers to expand their expertise in the segment through product innovations or strategic acquisitions.
 

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