Wireless Fire Detection System Market to cross USD 500 million by 2024

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Wireless Fire Detection System Market By Product,
Component, Model, System Type, Installation Type
and Forecast 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Wireless Fire Detection System
Market

• Wireless Fire Detection System Market size was
  estimated at approximately USD 300 million in
  2017, and is set to reach 4 million units by
  2024 according to a new research report by
  Global Market Insights, Inc. The growth of the
  wireless fire detection system market can be
  attributed to the increasing emphasis on
  preserving the building design, reducing
  asbestos, and improving the aesthetics coupled
  with the ease-of-installation of such systems.
• The establishment of various standard sand codes
  for radio fire alarm systems, such as the
  European Unions directive EN54 Part 25,
  outlining the specific requirements and
  laboratory tests for components using radio links
  in a wireless fire detection system industry
  helps to positively boost their adoption as they
  help in enhancing the credibility of the solution
  for end-users.

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Continued...

• The stringent government regulations and mandates
  are expected to offer a favorable boost for the
  installation of fire detection systems. However,
  the lack of acceptance of radio fire alarm
  systems owing to the high cost of devices and the
  perception of low reliability given the
  vulnerability of wireless system infrastructure
  may pose a threat for the market growth of
  wireless fire detection system industry over the
  forecast period.
• In a wireless infrastructure, various sensors and
  detectors communicate with the fire alarm panels
  through radio signals. The increase in the
  adoption of addressable fire alarm panels can be
  attributed to as the key driver for the adoption
  of wireless sensor technology. The market growth
  has gained momentum over the past few years owing
  to the benefits of radio fire alarm systems such
  as visual and auditory confirmation in cases of
  emergency and elimination of false alerts by
  means of a flexible system design. The high cost
  of wireless control panels may limit the market
  growth of the wireless fire detection system
  market over a short term however, the rise in
  the number of regional market players offering
  competitive prices may boost their adoption
  across such regions.

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U.S. Wireless Fire Detection Systems Market size,
by commercial applications, 2017 2024 (USD
Million)

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Continued...

• The growing trend of infrastructure development
  in developing regions including India, Brazil,
  and Thailand coupled with new construction
  activities, tightening of fire safety and
  security norms, and proliferation of wireless
  connectivity is expected to favorably boost the
  demand for wireless fire detection system market
  over the forecast period in such regions.
• The rise in the adoption of radio fire alarm
  systems in developing regions offers a stupendous
  potential for market growth over the next six
  years. In addition, the need for enhanced safety
  and security features that match the laid-out
  compliances and protocols is expected to drive
  wireless fire detection system industry growth
  over the mature markets of Europe and North
  America.
• The global wireless fire detection system market
  is factored by trends such as reduction in
  cabling, swift installation, and minimal
  structural alterations making the solution viable
  for retrofit applications, particularly in
  schools, offices or industrial applications,
  where downtime disruption is not feasible.

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Continued...

• The cost and time associated with the
  installation of wireless fire system are
  significantly low since there are no cabling
  requirements. The growing demand for radio fire
  alarm systems can be attributed to their
  ease-of-installation, which serves as an
  appealing feature for most system installers. The
  wireless fire detection system market can also be
  integrated into radio loop modules with existing
  addressable wired systems, making the solution
  lucrative for hybrid and retrofit applications.
• Numerous technologies for sensing and detecting
  the presence of fire include heat detectors,
  smoke detectors, gas detectors and multi-sensor
  detectors. The ongoing trend in the wireless fire
  detection system market is the integration of
  sensors within a single detector, resulting in
  greater efficiency and lowered cost. The growth
  in the infrastructure development, facilities,
  and utilities has alleviated the need for the
  adoption of advanced sensors and detectors such
  as smoke detectors across the globe. In addition,
  the sensor technologys conformation to various
  industry standards, such as ISO, EN, FCC, NFPA,
  UL, and CE, helps in standardizing the product
  offering and aid end users in making the best
  purchase decisions.

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Industry Coverage

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Continued...

• Adoption of wireless fire detection system market
  across residential applications in the U.S. is
  expected to boost demand for the solution over
  the forecast period. The growing trend of smart
  homes and reduction in price of smart home
  automation devices is expected to drive down the
  cost of residential wireless fire detection
  system market over the forecast period. In
  Canada, the cost remains high owing to lack of
  established regional players in the region.
• With continuous improvements in radio fire alarm
  systems, these solutions are able to offer
  advanced features such as temporary fire alarms
  in cases of accidental or deliberate activation
  of call points and adaptability of the system to
  respond to real and genuine emergencies. Issues,
  such as radio signal interference, can be
  minimized by an automatic change of frequencies
  as needed, leading to reduced risks of system
  failures and improving the overall reliability.
  The global rise in the demand for wireless fire
  detection system market in industrial and
  commercial applications has forced several
  established layers to expand their expertise in
  the segment through product innovations or
  strategic acquisitions.

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Table Of Content (TOC-)

• Chapter 1. Methodology and Scope
• 1.1. Methodology
• 1.1.1. Initial data exploration
• 1.1.2. Statistical model and forecast
• 1.1.3. Industry insights and validation
• 1.1.4. Definition and forecast parameters
• 1.2. Data Sources
• 1.2.1. Primary
• 1.2.2. Secondary
• Chapter 2. Executive Summary
• 2.1. Wireless fire detection system industry
  3600 synopsis, 2013 - 2024
• 2.1.1. Business trends
• 2.1.2. Regional trends
• 2.1.3. Component trends
• 2.1.4. Product trends
• 2.1.5. Model trends
• 2.1.6. Installation type trends
• 2.1.7. Application trends

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