North America Fire Sensors and Detectors Market is Valued at $360.7 Million

Date: 2015-08-03

Fire sensor and detection technologies are designed for detecting the presence of smoke, heat, or an emergency indication that a fire has started. The fire sensors and detectors market is progressing due to its widespread adoption among varied end-user applications, such as manufacturing, transportation, oil & gas, and consumer goods.  Factors that have contributed to the growth of the fire sensors and detectors market are fire safety regulations implemented by the governmental bodies across all countries in North America, building modernization, system up-gradation, and new construction.

The North America fire sensors and detectors market is segmented into vertical, type, and geography. On the basis of industry verticals, this market is classified into academia and institutional, BFSI, consumer goods and retail, energy and power, government, healthcare, manufacturing, oil, gas and mining, and transportation and logistics among others.

The U.S. is considered as the most dominant country in the North America fire sensors and detectors market. It was valued at $360.7 million in 2014, and is expected to reach $571.3 million by 2019, at a CAGR 9.6% from 2014 to 2019.

Major companies operating in the North America fire sensors and detectors market include Bosch Security Systems, Tyco, Halma Plc, Honeywell, and United Technologies Corporation (UTC). 

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