Wireless Fire Detection System Market: Key Insights, Industry Global Revenue, Historical & Forecast Period 2020 – 2024

Core companies partaking in wireless fire detection system market share have lately been highly proactive in launching advanced prototypes of fire safety systems. The introduction of Siemens’s wireless next-generation product, SWING, aptly justifies the aforementioned statement. Through SWING’s launch, Siemens has brought about a tremendous change of dynamics in the product landscape of wireless fire detection systems market. That apart, the company has also brought forth a transformation in the outlook of product development from the technological and customers points of view.

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Heritage building renovation has been making rapid inroads in the construction arena lately, consequently impacting the popularity graph of wireless fire detection system market. Numerous countries have now made it a point to highly secure fire detection systems in heritage buildings considering the importance of culture preservation. This initiative is being robustly supported by regulatory bodies that have mandated that usage of next-generation technology facilities for fire protection. For instance, the European Fire Protection Association has drafted major guidelines to support and facilitate fire protection activities across Europe. These guidelines also comprise directives for the caretakers of heritage buildings, instructing them to organize the required fire protection facilities. The proactive involvement of legislative bodies and the rapid demand for heritage building refurbishment is certain to impel wireless fire detection systems market share over the years ahead.

Wireless fire detection systems industry has lately witnessed the penetration of myriad technology and telecommunication companies, given how pivotal the incorporation of IoT is in these systems. Merely a few days back, Samsung signed an agreement with Vodafone to deploy IoT based smart home products across some of European countries. This strategic partnership has also made available a range of consumer and next-generation security products including smoke detectors, security cameras, and water leak sensors. As per their estimation, by the end of 2020, there will be approximately 290 million consumer smart home devices deployed across selected European countries. Such strategies of household safety device manufacturers to provide smarter and convenient consumer products is likely to propel wireless fire detection system market size.

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Currently, in order to consolidate their stance in wireless fire detection systems industry, numerous companies have been robustly adopting proven, time-tested strategies such as M&As and JVs. Electronic Security Specialists for instance, recently purchased one of the leading wireless security system providers, Frase Protection. Through this deal, ESSC not only extended its business reach across North America but also added residential and commercial wireless facilities to its portfolio.

In the years to come, as core firms continue to implement effective growth tactics, the commercialization scale of wireless fire detection system market is poised to take a turn for the better. Being a strictly regulatory-driven space, the changing policies of regional governments and their initiatives for the development of smart cities will also have a commendable impact on wireless fire detection systems industry trends. As per estimates, wireless fire detection system market will surpass a revenue collection of USD 500 million by the end of 2024.

Table of Contents (ToC) of the report:

Chapter 4.   Wireless Fire Detection System Market, By Component (Revenue)

4.1.  Wireless fire detection system market share by component, 2017 & 2024

4.2.  Sensors

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013-2024

4.3.  Call points

4.3.1. Market estimates and forecast, 2013-2024

4.3.2. Market estimates and forecast, by region, 2013-2024

4.4.  Fire Alarm Panel

4.4.1. Market estimates and forecast, 2013-2024

4.4.2. Market estimates and forecast, by region, 2013-2024

4.5.  Input / Output Modules

4.5.1. Market estimates and forecast, 2013-2024

4.5.2. Market estimates and forecast, by region, 2013-2024

4.6.  Others

4.6.1. Market estimates and forecast, 2013-2024

4.6.2. Market estimates and forecast, by region, 2013-2024

Chapter 5.   Wireless Fire Detection System Market, By Product (Revenue, Shipment)

5.1.  Global wireless fire detection system market share by system type, 2017 & 2024

5.2.  Smoke detector

5.3.  Market estimates and forecast, by region, 2013-2024

5.3.1. Photoelectric

5.3.1.1.       Market estimates and forecast, by region, 2013-2024

5.3.2. Ionization

5.3.2.1.       Market estimates and forecast, by region, 2013-2024

5.3.3. Dual Sensor

5.3.3.1.       Market estimates and forecast, by region, 2013-2024

5.3.4. Others

5.3.4.1.       Market estimates and forecast, by region, 2013-2024

5.4.  Gas detector

5.4.1. Market estimates and forecast, by region, 2013-2024

5.5.  Heat detector

5.5.1. Market estimates and forecast, by region, 2013-2024

5.6.  Multi-sensor detector

5.6.1. Market estimates and forecast, by region, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/wireless-fire-detection-system-market

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