North American Fire Sensors and Detectors Market is Expected to Reach $1.3 Billion by 2019

Date: 2015-08-15

“Fire sensors and detectors are used to detect smoke, flames, and fire and alert about the same so that necessary measures are taken by the occupants and authorities. The increasing demand and deployment of fire sensors and detectors in different industries, such as, manufacturing, transportation, oil & gas and mining, and energy & power is one of the factors contributing towards the growth of the global fire sensors and detectors market. The North American region dominated the global fire sensors and detectors market in 2014 by accounting for the largest market share. It was followed by the European fire sensors and detectors market. The global fire sensors and detectors market is one of the emerging markets with immense growth potential. The factors that are fueling the growth of the global fire sensors and detectors market are the higher safety regulations being implemented by the governments in different region across the globe, especially, in the European and Asia-Pacific regions, new constructions, and the up-gradation of the already installed fire sensing and detection systems.  

The global fire sensors and detectors market has been segmented on the basis of vertical, type, component, services, and geography. By vertical, the market has been segmented into academia & institutional, BFSI, consumer goods & retail, energy & power, government, healthcare, manufacturing, oil & gas and mining, transportation & logistics, and others. On the basis of services, the market has been classified into engineering services, installation & design, service & maintenance, managed services, and other services. By component, the global fire sensors and detectors market has been classified into smoke detectors, heat detectors, flame detectors, and other detectors. On the basis of geography, the global fire sensors and detectors market has been segmented into North America, Asia-Pacific, Europe, Middle East Africa, and Latin America.

In 2014, the global fire sensors and detectors market was dominated by the Bosch Security Systems, Tyco International Ltd., Halma plc, Honeywell, and United Technologies Corporation (UTC). Bosch Security Systems led the global fire sensors and detectors market by introducing more innovative products in the market. The key players operating in the global fire sensors and detectors market are focused on expanding their presence in the emerging fire sensors and detectors markets in the regions such as, Asia, South America, Eastern Europe, and Africa.

In 2014, the North American region dominated the global fire sensors and detectors market. The North American fire sensors and detectors market was valued at $803.6 million in 2014 and is expected to reach $1.3 billion by 2019, at a CAGR of 10.4% during the forecast period, 2014 to 2019.

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