An exciting new study from the team of Lucintel found that fire detector market is expected to reach $7.1 billion by 2025 with a CAGR of 7%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The fire detector market is segmented based on product, application, technology, and region. In this market, flame detector is expected to remain the largest product, and wired technology segment is expected to remain the largest technology. Players can benefit from the available opportunities like growing construction of new building and increasing acceptance of fire detector products as a life safety device.
The development of multi IR detector is introduction of new standard to reduce false alarming rate are emerging trends having impact on dynamics of the industry.
Honeywell International Inc., Johnson Controls, United Technologies Corporation, London Security, and Hochiki are some of the major players profiled in this 181 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high growth opportunities for the global fire detector market by product (smoke detector, flame detector, heat and others), application (residential, commercial, public institution, industrial and Others), technology (ZigBee, Wi-Fi, Sigfox, NB-IOT, Wired, LoRaWAN, Z-Wave, satellite, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the fire detector market?
Q.4 What are some changing demands of customers in the fire detector market?
Q.5 What are the new developments in the fire detector market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this fire detector area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this fire detector market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
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