The Asia Pacific Fire Alarm and Detection Market would witness market growth of 9.6% CAGR during the forecast period (2019-2025). Advancements in the construction field and the continual development of infrastructure in both developed and emerging economies have empowered the industry. The implementation of the smoke alarm and detection system has helped to improve the safety quotient of the various structures. Moreover, with technological developments, the advent of a wireless and addressable system has been the key to improving response time and has also helped to reduce the frequency of false alarms.
Another key factor contributing to the growth of the overall market is the highly stringent adoption of fire safety regulations for residential, commercial, as well as industrial applications. Several countries in regions have ruled out strict fire safety and security standards that require the installation of smoke alarm and detection systems in commercial, residential, and industrial locations.
Asian countries have various laws to protect humans and ensure public safety. For example, Japan has the Building Standards Law and the Fire Services Act and China has the Code of Design for Building Fire Protection and Prevention. Laws like these help with reducing the damages and prevent disasters. Such strict execution and mandate of fire codes and standards throughout countries is expected to fuel market growth over the forecast period.
Based on Product, the market is segmented into Fire Detectors and Fire Alarm. Fire detectors are further segmented into Smoke Detectors, Heat Detectors and Flame Detectors. Fire Alarm segment is further bifurcated into Audible Alarms, Visual Alarms and Manual Call-points. Based on End User, the market is segmented into Commercial, Industrial and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Fire Alarm and Detection Market in Asia Pacific is expected to register a CAGR of 9.6% during the forecast period (2019-2025)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Emerson Electric Co., Robert Bosch GmbH, United Technologies Corporation, Eaton Corporation PLC, Siemens AG, Halma PLC, Hochiki Corporation, Napco Security Technologies, Inc., and Gentex Corporation.
Market Segmentation:
By Product
By End User
By Country
Companies Profiled
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