Product category:
Fire, smoke and gas leak detection
News Release from: Helmut Kaiser Consultancy | Subject: Fire alarm market
Edited by the Processingtalk Editorial
Team on 15 January 2008
Worldwide market for fire alarm
equipment
The worldwide market for fire alarm equipment and systems is estimated to be more than USD14 billion, growing at 8% per annum
Helmut Kaiser Consultancy has released a new study on the world market for fire alarm equipment and systems, which has been showing high growth rates The market covers the industrial, communal and private sectors, with application in many areas, such as housing, schools, public facilities, museums, airports, train stations, power plants, offices and health facilities, to name a few
This article was originally published on Processingtalk on 4 May 2004 at 8.00am (UK)
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The markets for fire protection worldwide
The market for fire protection worldwide will increase up to more than 30 Billion Euro 2004 and will grow to 54 Billion Euro in 2015: loss of assets is about 70 billion Euro in 2004
The highest growth rates are expected to be in Asia, mainly in China.
With more and more awareness for fire protection, there is a higher need for fire alarm systems.
Newer buildings are already equipped with more modern fire detection systems, whereas older building may not have a fire detection system equipped.
Yet most of the buildings for housing and public facilities are now required by modern building codes to have a fire detection system installed.
However, lack of compliance and lack of control makes over 15% of the systems not work as they should.
The study discusses the market for fire alarm systems, including installation, manufacturers, original equipment manufacturers, wholesale, retail and distributors.
Smaller systems are primarily sold through wholesalers, dealers and retailers.
Larger more complex systems are usually sold by distributors.
In addition, the installation and equipment markets are also discussed.
With the increasing awareness of the danger fire can pose, there will be more and more houses and buildings in general, equipped with new fire alarm systems.
This means also that there will be a growth in the installation market and equipment, primarily though maintenance and installation.
The technologies, which are discussed in the study, include heat detectors, flame detectors and smoke detectors, and other different detector systems available on the market.
Newly developed technologies contribute to the effectiveness of the fire detectors and contribute to the market growth.
The market structure and the competition situation are also analysed to ensure an overview of the current market situation.
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