Wireless Fire Detection Systems Market to hit $4 Bn by 2032, Predicts Global Market Insights Inc.
Major wireless fire detection systems market players are Johnson Controls, Honeywell International Inc., Carrier, Siemens AG, Honeywell International Inc. The ecosystem also includes several prominent enterprises such as Halma Plc, HOCHIKI Corporation, EuroFyre Ltd., and EMS Security Group Ltd.
Selbyville, Delaware, Nov. 10, 2022 (GLOBE NEWSWIRE) —
Wireless Fire Detection Systems Market is expected to cross a valuation of USD 4 billion by 2032, according to the from the healthcare commercial application will attain 10% gains from 2023 to 2032. A surge in hospital fires has been reported over the last few years, raising safety concerns in these structures. The healthcare industry offers promising growth prospects for product penetration owing to the extensive deployment of sensitive wireless fire detection systems in healthcare centers and hospitals to protect patients in case of fires.
Favorable regulatory landscape to drive the LATAM industry growth
The Latin America wireless fire detection systems industry is estimated to generate over USD 100 million in revenue by 2032. The market progress is driven by the growing usage of IoT and automation in the region. To promote private investment, the Brazilian government has developed investment policies. Furthermore, a supportive regulatory backdrop, together with favorable trade policies, is estimated to increase the manufacturing and processing capacities, spur business outlook.
Strategic partnerships to define the competitive overview
Top wireless fire detection systems market corporations are Johnson Controls, Honeywell International Inc., Carrier, Siemens AG, Robert Bosch GmbH, Halma Plc, HOCHIKI Corporation, Argus, and others. These firms are working on undertaking lucrative partnerships to gain a competitive edge in the sector.
In October 2022, fire detection and fire protection systems supplier Argus, IT services provider Ramtech, and Hyfire, a company that designs wireless fire systems, announced a collaborative partnership, “the Orama Group”, to broaden their reach and promote innovations to address the demand for wireless security and safety across varied industries.
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Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 Wireless fire detection system industry 3600 snapshots, 2018-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023 – 2032
2.3 Regional trends
2.4 Component trends
2.5 Product trends
2.6 Model trends
2.7 Installation type trends
2.8 Application trends
Chapter 3 Wireless Fire Detection System Industry Insights
3.1 Introduction
3.2 Industry landscape, 2018-2032
3.3 COVID-19 impact
3.4 Russia-Ukraine war impact
3.5 Wireless fire detection system industry ecosystem analysis
3.6 Technology & innovation landscape
3.7 Price trend analysis, 2018-2032
3.8 Patent landscape
3.9 Key initiative & news
3.10 Regulatory landscape
3.11 Industry impact forces
3.11.1 Growth drivers
3.11.1.1 Rising adoption of fire detection system in commercial & residential sector in North America
3.11.1.2 Stringent government regulations regarding fire safety in Europe
3.11.1.3 Increasing fire safety awareness and positive economic indicators in Asia Pacific region
3.11.1.4 Rapid adoption of integrated IoT solutions in Latin America
3.11.1.5 Continuous investments in infrastructure projects in MEA
3.11.2 Industry pitfalls & challenges
3.11.2.1 High initial investment in wireless fire detection system
3.11.2.2 Limited consumer trust and concern about product reliability
3.12 Investment portfolio
3.13 Growth potential analysis
3.14 Porter’s analysis
3.15 PESTEL analysis
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About Global Market Insights Inc.
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.
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