Wireless fire detection system market in 2024
According to a research report by the market research and strategy consulting firm, Global Market Insights, Inc, the wireless fire detection system market will exceed USD $500 million by 2024.
The growth of the wireless fire detection system market can be attributed to the increasing emphasis on preserving buildings, reducing asbestos, improving aesthetics and ease-of-installation.
The establishment of standard sand codes for radio fire alarm systems, such as the European Union’s directive EN 54 Part 25, outlining the specific requirements and laboratory tests for components using radio links in a wireless fire detection system market helps boost their adoption by enhancing the credibility of the solution for end-users.
However, the high cost of devices and the perception of low reliability given the vulnerability of wireless system infrastructure may pose a threat to growth, however, the rise in the number of regional market players offering competitive prices may boost their adoption across such regions.
In a wireless system, sensors and detectors communicate with fire alarm panels through radio signals. The increase in the adoption of addressable fire alarm panels is a key driver for the adoption of wireless sensor technology. The market as gained momentum over the past few years due benefits such as visual and auditory confirmation in cases of emergency and elimination of false alerts by means of a flexible system design.
The growth in infrastructure development in developing regions including India, Brazil, and Thailand coupled with new construction activities, tightening of fire safety and security practices, and the proliferation of wireless connectivity is expected drive the demand for wireless fire detection systems over the forecast period in such regions. The rise in the adoption of radio fire alarm systems in developing regions offers significant potential for market growth over the next six years. In addition, the need for enhanced safety and security features that match the compliance protocols is expected to drive wireless fire detection system market growth in the mature markets of Europe and North America.
The global wireless fire detection system market is driven by trends such as a reduction in cabling, swift installation, and minimal structural alterations making the solution viable for retrofit applications, particularly in schools, offices or industrial applications, where downtime disruption is not feasible. The cost and time associated with the installation of wireless fire systems is low since there are no cabling requirements.
The wireless fire detection system market can also be integrated into radio loop modules with existing addressable wired systems, making the solution viable for hybrid and retrofit applications.
Technologies for sensing and detecting the presence of fire include heat detectors, smoke detectors, gas detectors and multi-sensor detectors. The ongoing trend in the wireless fire detection system market is the integration of sensors within a single detector, resulting in greater efficiency and lowered cost.
Adoption of wireless fire detection systems in residential applications in the US is expected to boost demand for the solution over the forecast period. The growing trend for smart homes and the reduction in the price of smart home automation devices is expected to drive down the cost of residential wireless fire detection systems over the forecast period. In Canada, the cost remains high owing to a lack of established regional players.
With continuous improvements in radio fire alarm systems, these solutions are able to offer advanced features such as temporary fire alarms in cases of accidental or deliberate activation of call points and adaptability of the system to respond to real and genuine emergencies. Issues, such as radio signal interference, can be minimised by an automatic change of frequencies as needed, leading to reduced risks of system failures and improving the overall reliability.
The global rise in the demand for wireless fire detection system market in industrial and commercial applications has forced several established layers to expand their expertise in the segment through product innovations or strategic acquisitions.
(Ref. https://www.gminsights.com/industry-analysis/wireless-fire-detection-system-market)
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