TMCnet News
Security Alarm Systems to Grow Over 5% Annually Through 2021CLEVELAND, Oct. 3, 2017 /PRNewswire/ -- Sales of security alarm systems are projected to increase 5.1% per year through 2021, reaching $4.9 billion, about the same as electronic security product demand overall. Faster gains will be limited by inconsistent replacement rates in many markets, as well as building owners using fewer life safety alarms than is recommended, either as a way to cut costs or due to general lack of awareness. In addition, sales of intrusion alarms will continue to be limited by the view among many end users that these alarms are a nonessential expense. These and other trends are presented in Electronic Security Products US Market Forecasts, a new study from The Freedonia Group, a Cleveland-based industry research firm. For more information: https://www.freedoniagroup.com/industry-study/electronic-security-products-us-market-forecasts-by-product-and-market-3566.htm A variety of factors will drive demand, including:
Related studies include:
About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Security studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com. Press Contact:
View original content with multimedia:http://www.prnewswire.com/news-releases/security-alarm-systems-to-grow-over-5-annually-through-2021-300530216.html SOURCE The Freedonia Group |