Wireless Fire Detection System Market expected to grow at a significant CAGR during 2018 to 2024
Date: 2018-08-08   Author: Ronak Bora  Category: #market

In the wireless fire detection system market, the hybrid technology offers better security and efficiency to the devices, making it popular amongst customers. Fully wireless technology will witness an increasing adoption due to their benefits over wired technology such as the elimination of cables in various devices, the significant reduction in labor cost, and the adoption of wireless over wired technology in every sector, fueling wireless fire detection system market size.

Wireless Fire Detection System Market set to surpass 4 million units by 2024. 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.

Increasing demand for safety & security has given rise to technological advancements such as video surveillance and intrusion detection. Manufacturers have started integrating multiple devices and technologies, which are contributing to the growing adoption of these devices. Additionally, these devices are inexpensive and provide enhanced aesthetics, flexibility, and lesser interruption during installation as there are no cable and drills requirements. Ease and convenience of installation will bode well for the wireless fire detection system market.  

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Stringent government regulations regarding safety and a high degree of technology adoption have made China a dominant player in the wireless fire detection system market. China has a modern economy, which runs on reliable electricity, telecommunication, and roads & rails. Infrastructure development remains the top priority for the government of China as the government has spent huge funds on infrastructure for the economic growth.

The U.S. dominates the market owing to a high degree of technology adoption and the stringent government regulations regarding fire safety and security practices. The growing penetration of radio fire alarm systems and the presence of a large number of regional market players in the Asia Pacific region is expected to favorably boost the industry growth in the region.

Wireless fire detection system market is characterized by the presence of heat, smoke, gas, and multi-sensor types. The demand for multi-sensor detectors will grow due to their capability to detect both smoke and heat. These devices are easy to install in a minimum time as compared to wired devices. In mining facilities and disaster evacuation, false alerts can stop the operations for long durations, causing inconvenience for hours and incurring financial losses. Multi-sensor detectors are widely used in these applications as they provide a high level of reliability, decreasing inconvenience and financial losses.

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.



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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline 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.

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