Europe Wireless Fire Detection Market, By Product Type (Sensors/Detectors, Call Points, Fire Alarm Panels and Modules, Input/output Modules, Others), System Type (Fully Wireless Systems, Hybrid Systems), Installation Type (New Installation, Retrofit Installation), Application (Indoor, Outdoor), Vertical (Industrial, Residential, Commercial, Government, Manufacturing, Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
In past years, wireless fire detection technology is being highly deployed globally due to the growing cases of fires in residential and commercial spaces. The technology is widely used across several industries owing to the emergence of flexible, reliable and superior solution of fire detection systems.
Europe Wireless Fire Detection Market was valued at USD 169.86 million in 2021 and is expected to reach USD 298.45 million by 2029, registering a CAGR of 7.30% during the forecast period of 2022-2029. Hybrid Systems accounts for the largest system type in the respective market owing to the availability and cost-viability of these frameworks. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Wireless fire detection can be defined as the system that ensures reliable transmission of data compared to the conventional system. These systems are highly suitable for new buildings or renovation, where cable channels are plant during the construction phase. Wireless fire detection system offers several benefits such as low maintenance cost, highly economical, flexibility and many more.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Sensors/Detectors, Call Points, Fire Alarm Panels and Modules, Input/output Modules, Others), System Type (Fully Wireless Systems, Hybrid Systems), Installation Type (New Installation, Retrofit Installation), Application (Indoor, Outdoor), Vertical (Industrial, Residential, Commercial, Government, Manufacturing, Others)
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Countries Covered
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France, Sweden, Germany, Finland, Italy, Spain, Austria, Belgium, Russia, Poland, U.K., Netherlands, Rest of Europe
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Market Players Covered
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Ems Security Group Ltd (UK), Electro Detectors Ltd (UK), Sterling Safety Systems (UK), Honeywell International, Inc. (US), Siemens AG (Germany), Wagner Group Gmbh (Germany), Hochiki Corporation (Japan), Halma Plc. (UK), Apollo Fire Detectors Limited (UK), Robert Bosch Gmbh (Germany), EUROFYRE LTD. (UK), Detectomat Gmbh (Germany), Ceasefire Industries Pvt. Ltd (India), Johnson Controls (Ireland), Napco Security technologies, Inc. (US), Def Nederland, Zeta Alarm ltd (UK), Libelium Comunicaciones Distribuidas S.L (Spain), Attentis (Australia), and Vigilys, Inc (US), among others
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Market Opportunities
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Europe Wireless Fire Detection Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers:
- Demand for Wireless Connected Safety Systems
The rise in trend of adopting wireless connected safety systems in residential and commercial buildings is one of the major factors driving the growth of wireless fire detection market. The rise in urbanization is accelerating the number of residential and commercial buildings.
- Advancement in Technologies
The increase in the advancement in technologies such as artificial intelligence (AI) and the internet of things (IoT) accelerate the market growth. The ability of IoT- enables wireless fire detection systems prevents fire accidents and injuries.
- Demand for Residential Fire Safety
The increase in the emphasis on design, aesthetics and ease included in these systems further influence the market. Also, surge in demand for residential fire safety and increasing awareness have a positive impact on the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the wireless fire detection market.
Opportunities
Furthermore, enhancement in the regulations and standards associated with fire safety extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in number of research and development activities will further expand the market.
Restraints/Challenges
On the other hand, high cost associated with these systems and perceptions of consumers about the low reliability of devices are expected to obstruct market growth. Also, complex hardware and pneumatic electronic segments are projected to challenge the wireless fire detection market in the forecast period of 2022-2029.
This wireless fire detection market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on wireless fire detection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Europe Wireless Fire Detection Market
The COVID-19 has impacted wireless fire detection market. The limited investment costs and lack of employees hampered sales and production of hardware associated with the wireless fire detection technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the hardware and software as it targeted the right audience. The increase in residential buildings across the globe is expected to further drive the market growth in the post-pandemic scenario.
Global Europe Wireless Fire Detection Market Scope and Market Size
The wireless fire detection market is segmented on the basis of product type, system type, installation type, application and vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Sensors/Detectors
- Call Points
- Fire Alarm Panels and Modules
- Input/Output Modules
- Others
The wireless fire detection market on the basis of product type is segmented into sensors/detectors, call points, fire alarm panels and modules, input/output modules and others. Sensors/detectors have been further sub-segmented into smoke detectors, heat detectors, gas detectors and multi-sensor detectors. Smoke detectors have been divided into photoelectric, ionization and dual sensor.
System Type
- Fully Wireless Systems
- Hybrid Systems
Based on system type, the wireless fire detection market is segmented into fully wireless systems and hybrid systems.
Installation Type
- New Installation
- Retrofit Installation
Based on installation type, the wireless fire detection market is segmented into new installation and retrofit installation.
Application
- Indoor
- Outdoor
Based on application, the wireless fire detection market is segmented into indoor and outdoor.
Vertical
- Industrial
- Residential
- Commercial
- Government
- Manufacturing
- Others
Based on vertical, the wireless fire detection market is segmented into industrial, residential, commercial, government, manufacturing and others. Commercial has been further sub-segmented into academia and institutional, retail, healthcare, hospitality and historical buildings and BFSI.
Competitive Landscape and Europe Wireless Fire Detection Market
The wireless fire detection market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wireless fire detection market.
Some of the major players operating in the wireless fire detection market are
- Ems Security Group Ltd (UK)
- Electro Detectors Ltd (UK)
- Sterling Safety Systems (UK)
- Honeywell International, Inc. (US)
- Siemens AG (Germany)
- Wagner Group Gmbh (Germany)
- Hochiki Corporation (Japan)
- Halma Plc. (UK)
- Apollo Fire Detectors Limited (UK)
- Robert Bosch Gmbh (Germany)
- EUROFYRE LTD. (UK)
- Detectomat Gmbh (Germany)
- Ceasefire Industries Pvt. Ltd (India)
- Johnson Controls (Ireland)
- Napco Security technologies, Inc. (US)
- Def Nederland, Zeta Alarm ltd (UK)
- Libelium Comunicaciones Distribuidas S.L (Spain)
- Attentis (Australia)
- Vigilys, Inc (US)
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