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Over 2018 - 2024, Wireless Fire Detection System Market Demand Will be Propelled by Advancements in Networking Infrastructure

Author : Ronak Bora | Published Date : 2019-04-22 

Advancements in networking infrastructure and penetration of IoT devices across the globe are propelling the wireless fire detection system market demand. Additionally, government regulations for fire safety have led to several industry verticals, such as commercial building and manufacturing sector, to adopt these advanced technologies so as to minimize the financial, infrastructural, and human losses.

In a wireless infrastructure, various sensors and detectors communicate with the fire alarm panels through radio signals. The increase in the adoption of addressable fire alarm panels can be attributed to as the key driver for the adoption of wireless sensor technology. The market growth has gained momentum over the past few years owing to the benefits of radio fire alarm systems such as visual and auditory confirmation in cases of emergency and elimination of false alerts by means of a flexible system design. The high cost of wireless control panels may limit the market growth of the wireless fire detection system market over a short term; however, the rise in the number of regional market players offering competitive prices may boost their adoption across such regions.

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Growth Drivers: -

  1. Rising demand across residential applications in the U.S.
  2. Stringent government regulations & standards in Western Europe
  3. Economic expansion in Southeast Asia
  4. Propagation of integrated IoT solutions in Brazil
  5. Rise in commercial construction across the Middle East

The global wireless fire detection system market is factored by trends such as reduction in cabling, swift installation, and minimal structural alterations making the solution viable for retrofit applications, particularly in schools, offices or industrial applications, where downtime disruption is not feasible. The cost and time associated with the installation of wireless fire system are significantly low since there are no cabling requirements.

The growing demand for radio fire alarm systems can be attributed to their ease-of-installation, which serves as an appealing feature for most system installers. The wireless fire detection system market can also be integrated into radio loop modules with existing addressable wired systems, making the solution lucrative for hybrid and retrofit applications.

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Adoption of wireless fire detection system market across residential applications in the U.S. is expected to boost demand for the solution over the forecast period. The growing trend of smart homes and reduction in price of smart home automation devices is expected to drive down the cost of residential wireless fire detection system market over the forecast period. In Canada, the cost remains high owing to lack of established regional players in the region.

Some of the vendors in the wireless fire detection system market are Siemens AG, EuroFyre Ltd., Honeywell International, Tyco International, PLC, Robert Bosch GmbH, Electro Detectors Ltd, EMS Wireless Fire and Security Ltd., Sterling Safety Systems, and Halma PLC, amongst others.

With the development of smart cities across numerous countries complemented with a robust regulatory framework in place, the commercialization prospects of wireless fire detection system industry appear to soar new heights in the near future. In fact, as per a research report by Global Market Insights, Inc., the overall remuneration portfolio of wireless fire detection system market is estimated to exceed USD 500 million by the year 2024.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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