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Fire Alarm Equipment (fas) Market

Fire Alarm Equipment (FAS) Market

Fire Alarm Equipment (FAS) Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:


Base Year:



Mar - 2024



Report Code:


Segments Covered
  • By Product By Product Annunciators, Notification Devices, Manual Pull Stations
  • By Technology By Technology Wireless Systems, Wired Systems
  • By Application By Application Residential, Commercial, Industrial
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Base YearBase Year: 2023
Forecast YearsForecast Years: 2024 - 2032
Historical YearsHistorical Years: 2018 - 2022
Revenue 2023Revenue 2023: USD 35.4 Billion
Revenue 2032Revenue 2032: USD 62.3 Billion
Revenue CAGRRevenue CAGR (2024 - 2032): 6.5%
Fastest Growing Region Fastest Growing Region (2024 - 2032) Asia Pacific
Largest Region Largest Region (2023): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Fire Alarm Equipment (FAS) Market Share

The global Fire Alarm Equipment (FAS) Market is valued at USD 35.4 Billion in 2023 and is projected to reach a value of USD 62.3 Billion by 2032 at a CAGR (Compound Annual Growth Rate) of 6.5% between 2024 and 2032.

Key Highlights of Fire Alarm Equipment (FAS) Market

  • In 2023, North America generated more than 34.2% of revenue share
  • Asia Pacific is expected to grow at the quickest rate from 2024 to 2032
  • The Commercial segment accounted for the largest revenue of 43.5% in 2023
  • The Annunciators segment accounted for the largest market growth in 2023
  • In 2023, the Wireless Systems segment revealed the most significant market growth in 2023
  • The market's growth is supported by continuous technological advancements, such as wireless systems, integration with the Internet of Things, and Artificial Intelligence, which improve the efficiency and reliability of fire alarm solutions
  • Honeywell introduced the Morley MAx fire detection and alarm system, which was designed to enhance building and occupant safety. This intelligent fire alarm control panel is compact, powerful, and performance-driven, providing installers and end users with a technically advanced set of features that are easy to install, commission, and maintain

Fire Alarm Equipment (FAS) Market Size, 2023 To 2032 (USD Billion)

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Fire Alarm Equipment (FAS) Market: Regional Overview

The North America Fire Alarm Equipment (FAS) market exhibited significant dominance, with 34.2% of the market share in 2023. This is due to the strong growth, driven by stringent safety regulations and increased awareness of fire prevention measures in this region. Market expansion is also driven by advances in technology, e.g. smart detection systems and the integration of solutions. In addition, the increased demand for fire alarm equipment is due to rising urbanization and commercial development. Growing emphasis on the renovation and retrofitting of existing buildings fuels the market growth in North America. As infrastructure ages and safety standards evolve, there is a growing imperative to upgrade fire safety measures, including alarm systems. This surge in renovation projects creates a substantial demand for fire alarm equipment, as building owners and managers seek to modernize their facilities and comply with updated regulations.

U.S. Fire Alarm Equipment (FAS) Market Overview

The Fire Alarm Equipment (FAS) market in the United States, valued at USD 12.5 Billion in 2023, is projected to reach around USD 17.6 Billion by 2032. This forecast indicates a substantial Compound Annual Growth Rate (CAGR) of 3.9% from 2024 to 2032. The U.S. Fire Alarm Equipment (FAS) Market experiences notable growth. Advanced technologies like wireless connectivity and IoT integration drive innovation, fostering increased adoption.

U.S. Fire Alarm Equipment (FAS) Market

The global Fire Alarm Equipment (FAS) market can be categorized as Product, Technology, Application, and Region.

Parameter Details
Segments Covered

By Product

  • Annunciators
  • Notification Devices
  • Manual Pull Stations

By Technology

  • Wireless Systems
  • Wired Systems

By Application

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • U.S.
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Schrack Seconet
  • Johnson Controls
  • Siemens
  • Securiton AG
  • The Nittan Group
  • Eaton
  • Panasonic Fire & Security Europe AB
  • Fike
  • Honeywell International Inc.
  • Bosch Security and Safety Systems
  • and C-TEC (Computionics Limited)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Fire Alarm Equipment (FAS) Market: Product Overview

In 2023, the Annunciators segment held the largest global market share. Based on the Product, the Fire Alarm Equipment (FAS) market is categorized into Annunciators, Notification Devices, and Manual Pull Stations. Annunciators are dominant in the Fire Alarm Equipment (FAS) market because they play a major role in communicating vital information about the state of fire alarm systems, such as their location, type, and severity. These components make it possible to respond rapidly and effectively to fires by providing vital information. Different types of annunciators are available, including optical variants that use lights, audible ones that utilize sound, and digital ones that employ digital displays.

Fire Alarm Equipment (FAS) Market: Technology Overview

The Wireless Systems segment dominated the market in 2023. Based on the Technology, the Fire Alarm Equipment (FAS) market is categorized into Wireless Systems and Wired Systems. The Fire Alarm Equipment (FAS) market is dominated by wireless systems because of the ease of installation and maintenance, eliminating the need for inconvenient cables and resulting in time and cost savings, especially in large and complex facilities. Additionally, its inherent flexibility allows for easy expansion or relocation, accommodating businesses that undergo constant growth or change. The scalability of wireless FAS also caters to the evolving requirements of businesses of all sizes. As the technology continues to expand and mature, wireless FAS is becoming increasingly cost-effective.

Fire Alarm Equipment (FAS) Market: Application Overview

In 2023, the Commercial segment accounted for the largest market share with 43.5% of market revenue. The application segment is divided into Residential, Commercial, and Industrial. The residential segment in the Fire Alarm Equipment (FAS) Market witness major growth, fueled by increased safety consciousness among homeowners. Moreover, the increased adoption of smart home solutions and stringent building codes drive demand. Technological advancements in wireless connectivity and DIY installation options cater to the preferences of modern homeowners, shaping the segment's growth.

Top Market Trends

  • Integration with IoT and Smart Building Solutions: Fire alarm systems are increasingly connected to Internet of Things (IoT) technologies. This connection enables the capability to monitor and control fire alarm systems in real-time from a remote location, ultimately improving the safety and management of buildings.
  • Advanced Sensor Technologies: The improved sensitivity and reliability of advanced sensor technologies, like smoke detectors, aid in achieving more precise and prompt fire detection.
  • Wireless and Addressable Systems: There is an increasing trend towards the adoption of wireless and addressable fire alarm systems. Wireless systems make the installation process easier and provide flexibility for system expansion. On the other hand, addressable systems offer detailed information regarding the specific location of an activated alarm.
  • Cloud-Based Monitoring and Management: The use of cloud-based solutions allows for the remote monitoring, storage, and management of fire alarm systems, which enables improved accessibility for stakeholders to receive instantaneous alerts and updates.
  • Focus on False Alarm Reduction: Manufacturers and end-users are placing greater importance on technologies that can decrease instances of false alarms. They can differentiate between real emergencies and false signals by implementing intelligent algorithms and advanced detection methods. This not only reduces disruptions but also helps to minimize costs associated with responding to false alarms.

Premium Insights

The increasing focus on safety and regulation adherence across various sectors drives the Fire Alarm Equipment (FAS) market. The awareness of the crucial role of fire alarm systems in protecting lives and property has led to a higher demand for advanced FAS solutions. Strict safety standards and regulations at regional and global levels drive the adoption of technologically advanced fire alarm equipment to ensure prompt and accurate responses to potential fire incidents. Furthermore, urbanization, industrial expansion, and the growing middle-class population influence the global market expansion, as these trends increase the need for solid fire safety measures in commercial, residential, and industrial settings.

Report Coverage & Deliverables

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  • Market Trends Heatmap
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  • Market Sentiment Analysis
  • Demographic and Geographic Insights

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Market Dynamics

The advancement of technology has emerged as a key catalyst for significant transformation. With innovations like the Internet of Things, smart devices, sensors, and cloud computing, the dynamic between fire alarm systems and consumers is evolving under entirely new circumstances. Modern buildings offer numerous opportunities to fulfill safety standards, optimize processes, and introduce automation. Rather than operating independently, security systems are now integrated into comprehensive systems and managed through a unified user interface.

Securiton Company safeguards a private hospital in Hungary. The Duna Medical Center places its trust in the top-notch fire protection services provided by the Securitas Group. Following a five-year renovation and expansion, the center reopened in spring 2023. A comprehensive fire detection & alarm system from Securiton has been implemented to ensure uninterrupted operations. The entire facility is shielded by a fully interconnected SecuriFire fire alarm system installed by Securiton's Hungarian subsidiary, Securiton Kft. The building incorporates 2700 SecuriStar multi-criteria detectors, managed by multiple SecuriFire 3000 control panels. The lobby is under the watchful eye of several SecuriSmoke ASD 535 aspirating smoke detectors positioned above the suspended ceiling. At the same time, the electrical shafts feature highly sensitive SecuriSmoke ASD 531 aspirating smoke detectors.

Competitive Landscape

The global Fire Alarm Equipment (FAS) market is fragmented, including a diverse array of the presence of many many key players that continue to command significant market shares. Compliance with safety standards and regulations is also crucial to competition, as companies aim to provide reliable and compliant fire alarm solutions. For instance, in July 2022, for the Panasonic EBL512 G3 fire alarm system, Panasonic introduced the addition of OPC UA functionality to the Gateway 5088. This enables their Gateway 5088 to operate as an OPC UA server. OPC UA, specially designed for industrial automation, is a freely available and multiplatform Standard Communication Protocol in Continuous Development. With its flexibility, this standard has been widely adopted worldwide under the Industry 4.0 initiative and has been used in several sectors.

Recent Market Developments

· In December 2023: Through introducing new applications and application programming interfaces, Siemens Smart Infrastructure will enhance its Fire Safety Services in Building X. This expansion aims at increasing transparency, reducing response times during incidents, and improving maintenance procedures for service providers.

· In July 2023: The latest service platform from Schrack Seconet offers precisely the convenience needed. It offers six sets of functions to improve installation and maintenance services. The platform includes a wide range of services, such as product knowledge management, site management, site analysis, extension and modernisation, maintenance, and site events management.

· In June 2022: Siemens expands its Cerberus PRO fire safety offering to include updated FC720 control panels, an OOH740 sensor equipped for disturbance free testing and the Cerberus Connect mobile app which complements existing cloud applications. This will result in resource optimisation, simplified planning and maintenance, and a greater degree of convenience for system integrators, service providers and customers during the operation.

Frequently Asked Question
  • The global Fire Alarm Equipment (FAS) valued at USD 35.4 Billion in 2023 and is expected to reach USD 62.3 Billion in 2032 growing at a CAGR of 6.5%.

  • The prominent players in the market are Schrack Seconet, Johnson Controls, Siemens, Securiton AG, The Nittan Group, Eaton, Panasonic Fire & Security Europe AB, Fike, Honeywell International Inc., Bosch Security and Safety Systems, and C-TEC (Computionics Limited).

  • The market is project to grow at a CAGR of 6.5% between 2024 and 2032.

  • The driving factors of the Fire Alarm Equipment (FAS) include

  • North America was the leading regional segment of the Fire Alarm Equipment (FAS) in 2023.