New ARC Advisory Group research on the fire alarm systems market reveals that the global market is expected to grow primarily due to a growth in the Asian region, including developing countries such as India, China, Indonesia, and Thailand. Growth in investment toward the development of smart cities is expected to be one of the major factors propelling the demand for fire alarm systems in the Asian market.
“In developed nations, investments tend to be associated with retrofits, modernization, or replacement projects, whereas in developing countries undergoing rapid growth such as China and India, spurring investments in grassroot projects. Expansion of the industrial and commercial sectors along with growing awareness for fire safety will positively impact the business landscape. While the Asian market is small for fire detection solutions compared with potential demand, a growing focus on safety is likely to drive investment in future,” according to Eapen Jacob, Analyst at ARC Advisory Group and key author of ARC’s Fire Alarm Systems Global Market Research report.
About the Fire Alarm Systems Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the fire alarm systems market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, facility type, project type, revenue, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes one year of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.