A fire alarm system is a group of gadgets that detect and alert people to smoke, fire, carbon monoxide, or other fire-related events. Fire alarm systems must be installed in most commercial buildings to protect persons and property. Examples are buildings such as schools, churches, restaurants, and businesses. Smoke detectors, heat detectors, and manual fire alarm activation devices are appliances connected to a Fire Alarm Control Panel (FACP), frequently found in an electrical room. The primary purpose of a fire alarm system is to warn nearby residents and the proper authorities. They do this to prepare themselves to defend others as well as themselves. Fire alarm systems can warn people of a potential fire, smoke, or carbon monoxide leak in two ways: visually and audibly. Fire alarm systems also cut off elevators and HVAC systems to prevent the spread of smoke.
One or more fire-related byproducts or phenomena, such as smoke, heat, infrared and UV radiation, gas, or smoke, are detected by fire detectors. In residences, smoke detectors are usually used alone. A fire alarm system with one or more automatic equipment will typically detect fire in non-domestic buildings. Fire detectors, heat sensors, smoke alarms, and gas detectors for fires.
The demand for fire alarm and detection systems will rise due to large refineries, biotechnology projects, petrochemical complexes, steel, pharmaceutical, automobile, oil and gas processing, pulp and paper, food and beverage, and manufacturing projects. These industries use combustible materials like gas, crude oil, coal, and petroleum. The industries use top-notch fire detection systems to prevent and control fires because they are made of flammable materials. Global demand is anticipated to increase for mist-based extinguishing systems, laser optical/infrared smoke detectors, alarms with embedded voice evacuation announcements, hypoxic air fire suppression systems, and wireless fire alarm systems.
By developing fire safety programs and educating consumers about the various advantages of fire safety equipment, such as fire alarm and detection systems, fire safety equipment suppliers have drawn small, medium, and large businesses. This has contributed to the market's steady growth. Because of commercial and industrial buildings' expensive, high-tech electronics systems, fire safety equipment is now more crucial than ever.
Another business opportunity is installing modern fire alarm and detection systems in older buildings. Many older buildings lack adequate fire safety measures. Thus, it is becoming increasingly clear that these systems need to be updated to comply with current legislation and guarantee the protection of the people. The Internet of Things (IoT), artificial intelligence (AI), and building automation systems (BAS) are a few examples of smart building technologies that are increasingly linked with fire alarm and detection systems. Fire protection methods are even more effective due to the centralized control, remote monitoring, and advanced analytics made available by this combination.
North America is the most significant global fire alarm and detection market shareholder and is estimated to exhibit a CAGR of 4.9% over the forecast period. The three largest North American manufacturers of fire safety equipment are Johnson Controls, Honeywell International, Inc., and Gentex Corporation. Due to these companies' active efforts to increase public knowledge of fire safety, the market is predicted to hold the largest share in 2020 and continue to lead during the projection period. States have different fire alarms, smoke detectors, and related equipment regulations. The more stringent regulations for installing fire safety systems in older buildings have recently impacted the market. But over the foreseeable period, the market will grow steadily now that it has matured.
Europe is anticipated to grow significantly and is estimated to exhibit a CAGR of 4.5% over the forecast period. Fire laws and regulations significantly impact the region of Europe. The UK's fire alarm standards, among the strongest in the world, recommend inspections at least every six months for small buildings and once every three months for larger ones. About 13 states in Germany have made the installation of smoke alarms mandatory. Smoke detectors are advised to be installed in bedrooms, hallways, pipes, and escape routes by state construction requirements. German fire regulations require retrofitting smoke detectors into existing homes in some states. For instance, Lower Saxony, Bremen, and Saxony-Anhalt have already required upgrading since December 2015, whereas Bavaria has demanded it by December 2017. Recent fires, particularly in high-rise towers, like the Grenfell Tower disaster in the UK, have raised the need for fire alarm and detection systems and triggered inspections of many more structures.
The key players in the global fire alarm and detection market are Gentex Corporation, Halma Plc, Hochiki Corporation, Honeywell International Inc., Johnson Controls, Napco Security Technologies, Inc., Nittan Company, Ltd., Robert Bosch Gmbh, Siemens, and Cooper Wheelock, Inc.