Global Wireless Fire Detection System market will reach USD 440.21 million by 2025

The total market size of the global wireless fire detection system market was valued at USD 282.07 million in the year 2019 and is estimated to reach USD 303.8 million by the year 2020.

Its market value will reach USD 440.21 million by the end of the year 2025.

Definition / Scope
Market Overview
Market Risks
Top Market Opportunities
Market Trends
Industry Challenges
Technology Trends
Pricing Trends
Regulatory Trends
Market Size and Forecast
Market Outlook
Technology Roadmap
Distribution Chain Analysis
Competitive Factors
Key Market Players
Strategic Conclusion
References
Appendix

Definition / Scope

The wireless fire detection system consists of devices that automatically sense the fire, smoke, and carbon monoxide and triggers an alarm so that the users can activate the functions of the system using a mobile device. This system consists of a monitoring model, sensors, smoke detectors, call point, fire alarm, and supervisory signal. Here, the information is transmitted wirelessly using cellular technology.

Based on the type of installation, the global wireless fire detection system consists of retrofit installation and new installation segments. As the application of the wireless fire detection system is considered, it consists of commercial, industrial, and residential segments.

Market Overview

The total market size of the global wireless fire detection system market is valued at USD 282.07 million in the year 2019 and is expected to reach USD 303.8 million in the year 2020. Its market value is expected to grow at a CAGR of 7.7% within the forecasted time horizon of 2020-2025.

Its market value is expected to reach USD 440.21 million by the end of the year 2025. Based on geography, the European region is leading the global wireless fire detection system market with a market share of almost 36% of the total global wireless fire detection system market.

The market size of this region is valued at USD 101.54 million in the year 2019.

Based on the installation type, the retrofit installation segment is leading the market with a market share of almost 64.7% of the global wireless fire detection system market. The market size of this segment is valued at USD 182.52 million in the year 2019.

As the application of the global wireless fire detection system market is considered, the commercial segment is leading the market with a market share of almost 43.61% of the global wireless fire detection system market. The market size of this segment is valued at USD 123.03 million in the year 2019.

Rising spending on construction of commercial buildings, growth in the adoption of the wireless system in the safety measures, increase in awareness towards fire safety, increasing number of cases of fire, and government mandatory regulations regarding fire protection system are the factors driving the growth and development of the global wireless fire detection system market.

However, periodic replacement of batteries and limited coverage of the smoke alarm might restrain the growth and development of the global wireless fire detection system market.

The key market players engaged in the wireless fire detection market are Honeywell International, Robert Bosch GmbH, Tyco International, Siemens AG, EMS Security Group, Halma, Electro Detectors, Sterling Safety Systems, and HOCHIIKI Corporation.

Market Risks

Limited range of coverage of fire alarm

According to the National Fire Protection Association, a smoke alarm covers an area of a radius of about 1385 square feet. Because of this, the smoke alarms must be placed in the distance of every 30 feet. Multiples number of fire alarms are necessary to be placed in large buildings.

Even if a hallway of a home is greater than 30 feet, then the smoke alarm must be placed at each end of the hallway. The limited coverage of the smoke alarm might restrain the growth and development of the global wireless fire detection system market.

Top Market Opportunities

Rising spending on construction of commercial buildings

Globally the construction of the commercial buildings is in increasing trend. The global spending in the construction is expected to increase from USD 1.34 trillion in the year 2019 to USD 1.42 trillion in the year 2020.

Here, the global spending on non-residential buildings is expected to reach USD 482 billion in the year 2020 from USD 444 billion in the year 2018. More specifically, global spending on the construction of commercial buildings is expected to increase from USD 78.2 billion in the year 2016 to USD 90.3 billion in the year 2020.

As the commercial sector accounts for the largest market share of the global wireless fire detection system, the rising spending on the construction of the commercial and non-residential buildings will create a significant opportunity for the growth and development of the global wireless fire detection system.

Growth in the adoption of the wireless system in the safety measures

The use of the wireless system for the protection of the public from natural disasters such as fire and maintenance measures is in increasing trend.

The global market for the wireless broadband in public safety is expected to grow at a CAGR of almost 6.8% within the forecasted period of 2020-2025 and its market value is expected to reach USD 22.9 billion by the end of the year 2020 because of the increasing incidences of natural disasters, terrorist attacks & criminal activities and growing need for the faster data access and real-time communication.

The growth in the application of the wireless system in the public health safety measures will drive the growth and development of the global wireless fire detection system.

Increase in awareness towards fire safety

The level of awareness regarding the fire detection system, fire safety measures, and prevention of the fire incidents among the health care workers, commercial merchants, and other general public is rising globally.

A cross-section study conducted among the health care workers in the context of Maharashtra, India has found that almost 96.4% of the study participants know the safety measures to be taken in the fire accidents.

Similarly, another study conducted by Sravan Kumar Yeturu and colleagues among the dental students has also revealed that nearly half of the study participants have a positive attitude towards fire safety.

The rising level of consumer awareness and positive attitude towards fire safety will create a significant environment for the growth and development of the global wireless fire detection system.

Market Trends

Increasing number of cases of fire

Globally, the number of cases of fire accidents is in increasing trend. On average, almost 3.7 million cases of fire have occurred annually. Because of the rising incident of the fire cases, almost nine million people are injured and more than 120,000 are died due to the fire and heat globally.

Here, the United States of America has one of the highest numbers of fire deaths. In the context of the United States, a case of a structure fire is reported to and responded by the fire department in every 63 seconds and a case of a home fire in every 87 seconds, and outside property fire in every 52 seconds.

Almost 14,500 cases of the structure fires are reported annually on average since 2009. In the US, the property loss due to fire has been increased from USD 19,054 million to USD 43,583 million within the past five years.

The rising number of fire cases and increasing destruction of life, property, and cases of injuries is driving the demand for the fire detection system which will ultimately create the environment for the growth and development of the global wireless fire detection system market.

Government mandatory regulations regarding fire protection system

Globally, some of the countries have developed the mandatory rules for the development of the fire protection system in the structural buildings. For instance, the government of the European countries such as France, the UK, Germany has developed the mandatory rules for the installation of smoke alarms and smoke detectors in the homes.

Along with this, the government of China has developed the Fire services Act which states that the administrator of the building for the public use should appoint the fire prevention manager to develop the fire protection plan, report the plan to the fire department and should execute the action in accordance to the plan.

These types of government regulations promote the demand for the fire detection system, which will ultimately create a favorable environment for the growth and development of the global wireless fire detection system.

Periodic replacement of batteries

The wireless fire detection system is based on the batteries as the major source of energy and electricity. As the battery has a certain amount of stored power, they are needed to be either replaced or charged.

The average life cycle of the battery depends upon the application, the application temperature, and the total voltage of the battery. According to the National Fire Protection Association, the battery of the smoke/fire alarm must be replaced every six months and the alarm should be replaced after 10 years.

The continuous replacement of the batteries might negatively influence the demand for the wireless fire detection system creating risk for the growth and development of the global wireless fire detection system market.

Industry Challenges

Installation of fire system in high-rise buildings

In the context of the high-rise buildings, the specific electrical and fire alarm system requirements are necessary to be considered. The devices of the fire detection system should be located between 1.5 and 5.5 feet above the finished floor.

Because of this, the fire alarm systems are quite complex. It is quite challenging for the market players for the installation of the fire alarm system in the high rise buildings.

Technology Trends

Advancement in science and technology is creating a favorable environment for the development of the wireless fire detection system. Some of the key technological trends in this market are discussed as follows:

Multi-sensors detectors: This type of detector consists of the smoke, heat and carbon monoxide detecting unit and compare the information from the multiple sensors before deciding the status of the actual fire or any false alarm conditions.

Internet Protocol Paging system: This type of technology can receive the multicast audio tones and alarms for the evacuation alerts. It helps to improve residential alerts.

Addressable notification technology: Because of this technology, each fire detection device has a unique address and built its intelligence to continuously communicate about the status of the fire alarm panel. It can generate automatic notification whenever the repair of any specific devices of the fire detection system is required.

Pricing Trends

The price of the wireless fire detection system depends upon the type of installation, application, and type of technologies.

For instance, the price of the off white wireless fire alarm is about USD 80.22 per unit while the price of the smoke detector white wireless fire alarm for the commercial purpose about USD 37.44 per unit.

The price of the fire alarm control panel is about USD 802.19 per piece while the price of the fire alarm control panel white wireless system for a commercial purpose is about USD 267.4 per set. The price of the red alarm system is about USD 16.04 per unit.

Regulatory Trends

Some of the key regulations directly or indirectly related to the global wireless fire detection system market are discussed as follows:

Fire Services Act: This act has been developed by the Ministry of the Interior of China and amended in the year 2019 to prevent the fire disaster and make provision of the rescue operation and first aid to the people.

According to this act, the fire protection equipment engineer should design and supervise the construction of the fire safety equipment under the standards of the fire safety equipment in every place.

Fire protection and Prevention Act 1997: According to this act, the municipality should either appoint the community fire safety officer or establish a fire department to provide the fire protection services to the people in the municipalities.

Safety, Health, and Welfare at work Act 2005: According to this act, the employers of the organization should carry out the fire safety risk assessment including fire prevention, fire detection & warning, and emergency escape & fire fighting.

They should prepare the necessary measures for the fire fighting and evacuation of the workplace. The National Standards Authority of Ireland deals with the issue of fire alarm installation and emergency lighting.

Market Size and Forecast

The total market size of the global wireless fire detection system market is valued at USD 282.07 million in the year 2019 and is expected to reach USD 303.8 million in the year 2020.

Its market value is expected to grow at a CAGR of 7.7% within the forecasted time horizon of 2020-2025. Its market value is expected to reach USD 440.21 million by the end of the year 2025.

Based on geography

The European region is leading the global wireless fire detection system market with a market share of almost 36% of the total global wireless fire detection system market. The market size of this region is valued at USD 101.54 million in the year 2019.
The North American region accounts for a market share of almost 33% of the total global wireless fire detection system market. The market size of this region is valued at USD 101.54 million in the year 2019.
The Asia-Pacific region accounts for a market share of almost 21% of the total global wireless fire detection system market. The market size of this region is valued at USD 59.23 million in the year 2019.
The ROW stands for the rest of the world that includes South America, the Middle East, and the African Region. This segment accounts for a market share of almost 10% of the total global wireless fire detection system market. The market size of this segment is valued at USD 28.20 million in the year 2019.

Based on the installation type

The retrofit installation segment is leading the market with a market share of almost 64.7% of the global wireless fire detection system market. The market size of this segment is valued at USD 182.52 million in the year 2019.
The new installation segment accounts for a market share of almost 35.29% of the total global wireless fire detection system market. The market size of this segment is valued at USD 99.55 million in the year 2019.

Based on the application

The commercial segment is leading the market with a market share of almost 43.61% of the global wireless fire detection system market. The market size of this segment is valued at USD 123.03 million in the year 2019.
The industrial segment accounts for a market share of almost 36.94% of the total global wireless fire detection system market. The market size of this segment is valued at USD 104.2 million in the year 2019.
The residential segment accounts for a market share of almost 19.44% of the total global wireless fire detection system market. The market size of this segment is valued at USD 54.84 million in the year 2019.

Market Outlook

The global wireless fire detection system market is expected to grow at the CAGR of 7.7% within the forecasted period of 2020-2025 because of rising spending on construction of commercial buildings, growth in the adoption of the wireless system in the safety measures, increase in awareness towards fire safety, an increasing number of cases of fire, and government mandatory regulations regarding fire protection system.

Its market value will reach USD 440.21 million by the end of the year 2025.

Technology Roadmap

The adoption of advanced technological solutions such as multiple sensors, Internet protocol systems, the addressable notification system is increasing efficiency, performance, and reliability of the wireless fire detection system.

These types of technological changes are increasing the demand for wireless fire detection products, which is driving the growth and development of the global wireless fire detection system market.

Distribution Chain Analysis

The key stakeholders involved in the operation of this global wireless fire detection system are fire detection device design and manufacturers, product distributors and assembly, retail & online sales, and end-users.

The wireless fire detection system consists of the detectors; call point, radio signal transmitters, and fire alarm control panel. If any incidences of fire or smoke have occurred, at first, the heat and smoke detectors sense the inputs from every device and confirm the fire incidents.

It immediately transmits the radio signal to the fire alarm control panel and the concerned authority for the management of the fire is notified about the fire accident.

Competitive Factors

The key market players engaged in this wireless fire detection system market are focused on the investment in the research and development activities to develop the technologically advanced and reliable system for the detection of fire with the improvement in the production efficiency.

Along with this, they are engaged in strategic mergers and acquisitions with other market players engaged in the wireless fire detection system.

Key Market Players

Short profile of the key market players engaged in the global wireless fire detection system market are discussed as follows:

Honeywell International: It is the US-based multinational company operating in the sector of aerospace, building technologies, performance materials & technologies, and safety & productivity solutions. The revenue of this company is valued at USD 41.802 billion.

Robert Bosch GmbH: It is the multinational conglomerate engineering and technology company with its headquarter in Gerlingen, Germany. It is engaged in the sector of mobility, consumer goods, industrial technology, and energy & building technology.

Tyco International: It is the Ireland-based company engaged in the sector of security solutions and fire protection. It has its operation headquarter in New Jersey, United States.

Siemens AG: It is the multinational conglomerate company engaged in the sector of Industry, Energy, Healthcare, and Infrastructure & Cities. It is the largest manufacturing company in Europe with its headquarter in Munich, Germany. The revenue of this company is valued at USD 108.72 billion in the year 2019.

Halma: It is the UK based global company engaged in the manufacture of the products for hazard detection and life protection including fire. The revenue of this company is valued at USD 1516.19 million in the year 2019.

Electro Detectors: It is the UK-based company that designs, manufactures, and sells advanced radio fire detection and alarm system since 1988 AD.

HOCHIIKI Corporation: It is the Japanese company engaged in the manufacture, installation, and maintenance of fire alarms and fire detection systems.

Strategic Conclusion

The global wireless fire detection system market is growing at the rate of 7.7% because of rising spending on construction of commercial buildings, growth in the adoption of the wireless system in the safety measures, increase in awareness towards fire safety, an increasing number of cases of fire, and government mandatory regulations regarding fire protection system.

However, periodic replacement of batteries and limited coverage of the smoke alarm might restrain the growth and development of the global wireless fire detection system market.

References

Appendix

USD= United States Dollar
CAGR= Compound Annual Growth Rate