Global $59.75 Billion Fire Detection Equipment (Flame, Smoke, Heat) Markets to 2030
DUBLIN, July 14, 2021 /PRNewswire/ -- The "Fire Detection Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global fire detection equipment market is expected to grow from $39.12 billion in 2020 to $41.87 billion in 2021 at a compound annual growth rate (CAGR) of 7%.
The market is expected to reach $59.75 billion in 2025 at a CAGR of 9%.
The fire detection equipment market covered in this report is segmented by product type into flame detectors, smoke detectors, heat detectors. It is also segmented by end-user into commercial, industrial, residential, transport, others. It is also segmented by end-use industry into banking, financial services and insurance (BFSI), hospitality & travel, healthcare, transportation & logistics, manufacturing, retail, mining, oil and gas, others.
The entities involved in the fire detection equipment market are using Infrared technology to reduce the false alarms from these systems and, at the same time, shorten the time it takes alarms to detect actual fires. The use of Infrared technology increases the fire detection capabilities of a detector even in the dusty atmosphere.
For instance, MSA Safety Incorporated, a U.S based company involved in the making sophisticated safety products launched an FL4000H multi-spectrum IR flame detector that uses multi-spectrum IR (Infrared) to detect the flames 210 feet away and also monitors false alarms. The device employs flame recognition technology to confirm fire by analyzing near IR radiation thus producing more effective, reliable results.
6.2. Global Fire Detection Equipment Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Fire Detection Equipment Market, Segmentation by End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.4. Global Fire Detection Equipment Market, Segmentation 0, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
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