NEW YORK, June 1, 2016 /PRNewswire/ -- Fire sensors and detectors are used to detect smoke, flames, and fire and alert about the same so that necessary measures are taken by the occupants and authorities. The increasing demand and deployment of fire sensors and detectors in different industries, such as, manufacturing, transportation, oil & gas and mining, and energy & power is one of the factors contributing towards the growth of the global fire sensors and detectors market. The North American region dominated the global fire sensors and detectors market in 2014 by accounting for the largest market share. It was followed by the European fire sensors and detectors market. The global fire sensors and detectors market is one of the emerging markets with immense growth potential. The factors that are fueling the growth of the global fire sensors and detectors market are the higher safety regulations being implemented by the governments in different region across the globe, especially, in the European and Asia-Pacific regions, new constructions, and the up-gradation of the already installed fire sensing and detection systems.
The global fire sensors and detectors market has been segmented on the basis of vertical, type, component, services, and geography. By vertical, the market has been segmented into academia & institutional, BFSI, consumer goods & retail, energy & power, government, healthcare, manufacturing, oil & gas and mining, transportation & logistics, and others. On the basis of services, the market has been classified into engineering services, installation & design, service & maintenance, managed services, and other services. By component, the global fire sensors and detectors market has been classified into smoke detectors, heat detectors, flame detectors, and other detectors. On the basis of geography, the global fire sensors and detectors market has been segmented into North America, Asia-Pacific, Europe, Middle East Africa, and Latin America.
In 2014, the global fire sensors and detectors market was dominated by the Bosch Security Systems, Tyco International Ltd., Halma plc, Honeywell, and United Technologies Corporation (UTC). Bosch Security Systems led the global fire sensors and detectors market by introducing more innovative products in the market. The key players operating in the global fire sensors and detectors market are focused on expanding their presence in the emerging fire sensors and detectors markets in the regions such as, Asia, South America, Eastern Europe, and Africa.
In 2014, the North American region dominated the global fire sensors and detectors market. The North American fire sensors and detectors market was valued at $803.6 million in 2014 and is expected to reach $1.3 billion by 2019, at a CAGR of 10.4% during the forecast period, 2014 to 2019.
Reasons to Buy the Report:
From the insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends, and PEST analysis), market share analysis of the top players, supply chain analysis, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape, emerging and high-growth segments of the global fire sensors and detectors market, initiatives and regulatory policies of the respective governments, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help them in garnering a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the fire sensors and detectors offered by the top 10 players in the global fire sensors and detectors market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the global fire sensors and detectors market.
- Market Development: Comprehensive information about lucrative emerging markets. The report analyses markets for fire sensors and detectors across various geographies.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global fire sensors and detectors market.
- Competitive Assessment: In-depth assessment of the market shares, strategies, products, and manufacturing capabilities of the leading players in the global fire sensors and detectors market.
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