Wireless Fire Detection Market Size, Share, Industry Analysis, Future Growth, Segmentation, Competitive Landscape, Trends and Forecast 2022 - 2032
Wireless fire detection provides reliable wireless connections to control panels using a fully supervised wireless signal instead of wires.
The global wireless
fire detection market size is expected to surpass US$
2,714.0 Million in 2032, up from US$
1,212.0 Million in 2022. Increasing implementation of
stringent fire safety & security norms and rising number of infrastructure
projects worldwide are anticipated to boost the demand for wireless smoke
detectors in the forthcoming years.
Technological advancements in
fire detection devices and wireless networking and improvement of various
standards is increasing the growth of the wireless fire detection systems
market.
From US$ 1,212.0 Million in 2022,
the size of the worldwide wireless fire detection market is anticipated to
cross US$ 2,714.0 Million in 2032. According to a survey by FMI, the global
wireless fire detection market is anticipated to rise steadily from 2022 to
2032 at a CAGR of 8.4%.
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Wireless
Fire Detection Market: Market Dynamics
The rapid adoption of wireless
fire detection is driven by the increasing demand for retrofit installations
due to the cost effectiveness and the ease involved in installing these
systems.
Higher maintenance cost and low
reliability of wireless fire detection as compared to other fire alarms can be
the restraining factor for the market.
The latest trend in the wireless
fire detection is the integration of the detectors and sensor technologies
within a single detector, which results in greater efficiency and lowered cost.
Global
Wireless Fire Detection Market: Competition Landscape
Few prominent players in Wireless
Fire Detection market includeArgus Security S.r.l., Honeywell International
Inc., Siemens AG, Tyco International PLC, EMS Security Group Ltd, Sterling
Safety Systems, Halma Plc, Hochiki Corporation, Zeta Alarm Systems, Electro
Detectors Ltd, Ceasefire Industries Pvt. Ltd and Napco Security Technologies,
Inc.
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Wireless
Fire Detection Market: Regional Outlook
North America is estimated to
hold the largest share in wireless fire detection market owing to the higher
adoption of advanced sensors and detectors in fire detection followed by Europe
and Asia Pacific region.
There will be significant growth
of the wireless fire detection systems market in Europe owing to the strict
government mandates on the installation of fire detectors or fire alarms in
European countries such as UK, France, and Germany. Latin America and MEA are
expected to contribute significantly in the forecast period.
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