Wireless Fire Detection System Market to cross USD 500 million by 2024 - PowerPoint PPT Presentation

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

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Request Sample of Report @ The wireless fire detection system market is bifurcated into fully wireless and hybrid system. The ease-of-integration of radio fire alarm system with hardwired addressable fire detection system through radio loop modules has positivity stimulated the penetration of wireless solutions among end-use markets. This amalgamation of wireless technology with wire systems enhances the reliability and adds to the efficiency of the overall system. – PowerPoint PPT presentation

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


1
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
2
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.

3
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.

4
U.S. Wireless Fire Detection Systems Market size,
by commercial applications, 2017 2024 (USD
Million)

5

Browse Full Market Research Report On Wireless
Fire Detection System Market _at_
https//bit.ly/2J3hh6x Request for a Sample
of this Research Report _at_ https//www.gminsights.c
om/request-sample/detail/2493
6
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.

7
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.

8
Industry Coverage

9
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.

10
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

11
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