
Fire Alarm Equipment (FAS) Market
Fire Alarm Equipment (FAS) Market Global Industry Assessment & Forecast
Segments Covered
By Product Annunciators, Notification Devices, Manual Pull Stations
By Application Residential, Industrial Manufacturing, Others
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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54.23 Billion |
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88.51 Billion |
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9.23 |
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Asia Pacific |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The global Fire Alarm Equipment (FAS) market was valued at USD
54.23 Billion in 2020 and is projected to reach USD 88.51 Billion by
2028, growing at a CAGR of 9.23% from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 88.51 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 9.23% |
Definition And Overview
Fire Alarm System (FAS) – addressable system, which is designed for just in time detecting fire and forming control signals for automatic fire-extinguishing system, alerting, smoke ventilation, exit signs, etc. The
global Fire Alarm Equipment (FAS) market was valued at USD 54.23 Billion in 2020 and is
projected to reach USD 88.51 Billion by 2028, growing at a CAGR of 9.23%
from 2021 to 2028.
The
global Fire Alarm Equipment (FAS) market is segmented into product, application, regions, and
countries. The regional segmentation covers current and forecasts demand on the
basis of North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa. All the segments are analyzed on the basis of current and future
trends. The report covers a complete evaluation of the market based on competition,
drivers, restraints, opportunities, trends, and industry-authenticated data. The
market is estimated from 2016 to 2020 and forecast from 2021 to 2028.
COVID-19 Impact Analysis
Outbreak
of COVID-19 led various countries impose strict lockdown measures during the initial
stages of the pandemic. Numerous companies from different verticals faced
challenges due to remote work environments. As a result, companies from various
sectors switched to online/virtual platforms to maintain a steady flow in their
daily business activities. Impact of COVID-19 on the market demand is
considered while estimating the current and forecast market size and growth
trends for all the regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Market Insights
The increase in stringent governmental regulation for the safety of labors that are working in the industries and jurisdictional requirements by various economies is expected to fuel the growth of the fire alarm equipment (FAE) market in the years to come.
The increasing human and property loss due to fire breakouts along with increasing adoption of wireless technologies in fire detection is likely to further support the growth of the market during the estimated timeframe.
The high costs of installation and maintenance of fire protection systems are some of the factors restraining the growth of the fire alarm equipment (FAE) market in the years to come.
Global Fire Alarm Equipment (FAS) Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Product, Application |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Schrack Seconet, Johnson Controls, Siemens Building Technologies Group, Securiton, The Nittan Group, Eaton, Panasonic Eco-Solutions Nordic AB, Fike, Honeywell Life Safety, Bosch Security Systems Inc., C-TEC, Tyco International Ltd. |
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 Asia Pacific, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Product Analysis: Preview On the basis of Product,
the market is segmented into Annunciators, Notification Devices, Manual Pull Stations,. Annunciators held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Annunciators
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Fire Alarm Equipment (FAS)
market growth. Application
Analysis: Preview
Based on Application,
the market is segmented into Residential, Industrial Manufacturing, Others,. Residential held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Fire Alarm Equipment (FAS) in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Fire Alarm Equipment (FAS) Market: Product Segment Analysis
-
- Annunciators
- Notification Devices
- Manual Pull Stations
Global Fire Alarm Equipment (FAS) Market: Application Segment Analysis
-
- Residential
- Industrial Manufacturing
- Others
Regional Analysis Preview
On the basis of region, the global Fire Alarm Equipment (FAS) market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region held a leading share of the global Fire Alarm Equipment (FAS) market in 2020. Some of the major countries contributing to the market growth are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. China is considered as the most lucrative country for market players. This is attributed to the presence of major companies operating in the region.
Market Size, 2021 (USD Billion)
Global Fire Alarm Equipment (FAS) Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Fire Alarm Equipment (FAS) market are Schrack Seconet, Johnson Controls, Siemens Building Technologies Group, Securiton, The Nittan Group, Eaton, Panasonic Eco-Solutions Nordic AB, Fike, Honeywell Life Safety, Bosch Security Systems Inc., C-TEC, Tyco International Ltd.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Key Highlights – Global Fire Alarm Equipment (FAS) Market
FAQ
Frequently Asked Question
What is the global demand for Fire Alarm Equipment (FAS) in terms of revenue?
-
The global Fire Alarm Equipment (FAS) valued at 54.23 Billion in 2020 and is expected to reach 88.51 Billion in 2028 growing at a CAGR of 9.23%.
Which are the prominent players in the market?
-
The prominent players in the market are Schrack Seconet, Johnson Controls, Siemens Building Technologies Group, Securiton, The Nittan Group, Eaton, Panasonic Eco-Solutions Nordic AB, Fike, Honeywell Life Safety, Bosch Security Systems Inc., C-TEC, Tyco International Ltd..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 9.23% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Fire Alarm Equipment (FAS) include
- The increase in stringent governmental regulation for the safety of labors that are working in the industries and jurisdictional requirements by various economies is expected to fuel the growth of the fire alarm equipment (FAE) market in the years to come.
- The increasing human and property loss due to fire breakouts along with increasing adoption of wireless technologies in fire detection is likely to further support the growth of the market during the estimated timeframe.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Fire Alarm Equipment (FAS) in 2020.