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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 growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $59.75 billion in 2025 at a CAGR of 9%.
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The fire detection equipment market consists of sales of fire detection equipment used to warn people when the presence of fire is detected. Fire detection equipment reduces the damage caused by fire by generating warning signals (including audio or visual signals) in case of fire. Detection of fire is done by detecting the smoke, heat or flames. However, this equipment does not intervene in the fire suppression.
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The fire detection equipment market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the fire detection equipment market are Johnson Controls, Honeywell International, United Technologies, Siemens, Halma , Gentex, Robert Bosch, Hochiki , Securiton AG , Encore Fire Protection, Sterling Safety Systems, Fire Suppression Limited, Schrack Seconet AG, Napco security technologies, VFP Fire Systems, Siemens AG, Emerson Electric Co., Bosch Security Systems, Tyco International Limited, Spectrex, Inc., Johnson Controls, General Monitors, Inc., Fire Suppression Limited, Schrack Seconet AG, Napco security technologies, VFP Fire Systems.
The global fire detection equipment market is segmented –
1) By Product Type: Flame Detectors, Smoke Detectors, Heat Detectors
2) By End-User: Commercial, Industrial, Residential, Transport, Others
3) By End-Use Industry: Banking, Financial Services and Insurance (BFSI), Hospitality & Travel, Healthcare, Transportation & Logistics, Manufacturing, Retail, Mining, Oil and Gas, Others
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The fire detection equipment market report describes and explains the global fire detection equipment market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The fire detection equipment report evaluates the market across each region and for the major economies within each region.
The countries covered in the global fire detection equipment market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global fire detection equipment market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Fire Detection Equipment Market Characteristics
- Fire Detection Equipment Market Product Analysis
- Fire Detection Equipment Market Supply Chain
- Key Mergers And Acquisitions In The Fire Detection Equipment Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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