Wireless Fire Detection Systems Market Analysis Research 2017 is a premium report explores Wireless Fire Detection Systems Market Size, Share, Growth, Potential, Opportunity and Company analysis to 2020. Wireless Fire Detection Systems Market particularly focusing on Wireless Fire Detection Systems Demand, Market Drivers, Challenges, Major trends, and value chain Analysis. Global Wireless Fire Detection Systems Market set to hit $ 303.8 million by 2020 at a CAGR of 7.7% by 2020.
Study expands Wireless Fire Detection Systems Market by Software (Facility, Security, Energy, Emergency, Infrastructure Management), Service (Professional, Managed), Application (Residential, Commercial, Industrial), and Geography - Global Forecast to 2020.
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Global Key Wireless Fire Detection Systems Market Companies Mentioned In Report: EMS Wireless Fire and Security Ltd (UK), Electro Detectors Ltd (UK), Sterling Safety Systems (UK), Honeywell International Inc. (US), Siemens AG (Germany), Tyco International PLC (Ireland), HOCHIKI Corporation (Japan), Halma Plc (UK), Robert Bosch Gmbh (Germany), Euro Fyre Ltd (UK), and Detectomat Gmbh (Germany), among others.
The market is driven by increasing emphasis on aesthetics and design and the ease involved in installing these systems.
The improvement in the existing government regulations and mandates regarding fire protection systems is a major driving factor for this market. However, the lack of acceptance in the market due to high maintenance cost and low-reliability perception act as restraints for the wireless fire detection systems market.
Several types of technologies for sensing and detecting the presence of fire are available in the market including smoke detectors, heat detectors, gas detectors, and multi sensor detectors. The latest trend in the industry is the integration of the detectors and sensor technologies within a single detector, resulting in greater efficiency and lowered cost.
The robust growth in infrastructure, utilities, and facilities is increasing the need for a greater adoption of advanced sensors and detectors across the globe.
North America held the largest share of the wireless fire detection systems market in 2015. Europe is one of the potential markets for wireless fire detection systems globally and is expected to grow at the highest CAGR during the forecast period.
European countries are home to a number of wireless fire detection system manufacturers. A significant growth of the wireless fire detection systems market in Europe can be attributed to the stringent government mandate on the installation of smoke detectors or smoke alarms in homes from European countries such as the UK, France, and Germany.
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The report aims at estimating the size of the wireless fire detection systems market and growth potential of this market across different segments such as product, system type, installation type, vertical, and geography. Furthermore, the report also includes the industry trends, market dynamics, regulation analysis, and competitive analysis of the key players in the market, along with their company profiles, SWOT analysis, and recent developments.