Fire detection and alarm equipment and systems to 2025 worldwide increase

NEW YORK - Feb. 19, 2014 - PRLog -- Fire detection and alarm equipment and systems to 2025 worldwide increase          http://www.hkc22.com/firealarmsystem.html

The market for fire alarm equipment and systems has shown high growth rates and will continue to grow in the future. There are various types of fire alarm equipment and systems available on the market, with different properties. Besides smoke, flame and heat detector systems, more complicated systems and intelligent systems are available. Newly developed technologies contribute to the effectiveness of the fire detectors and contribute to the market growth.

In 2013 the market for fire alarm equipment and systems worldwide is estimated to be 24 bn. US$. But looking at the security markets in fire protection products and service the world market is over 125 bn $ in 2013. The structure is an oligopol with some multinationals and thousands of regional active companies or service and product orientated. There is a convergence to smart houses and connectivity to other systems. This will increase the competition in the next years.

The market is expected to grow by 4% per annum. The market covers the industrial, communal and private sectors, with application in many areas, such as housing, schools, public facilities, museums, airports, train stations, power plants, offices health facilities, to name a few. The highest growth rate is expected to be in Asia, mainly China.

With more and more awareness for fire protection, there is a higher need for fire alarm systems. Newer buildings are already equipped with more modern fire detection systems, whereas older buildings may not have a fire detection system equipped.

Most of the buildings for housing and public facilities are now required by modern building codes to have a fire detection system installed. Still, lack of compliance and lack of control makes over 15% of the systems not work.
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