Fire Alarm Systems Market Predicted to Surpass $33 Billion in 2029
The global fire alarm systems market is anticipated to experience a CAGR of 6 percent during the forecast period of 2019 to 2029, according to a new study from research firm Future Market Insights.
Key Takeaways from the Fire Alarm System Market Study include:
- Addressable systems are estimated to continue to hold a significant market share of the global fire alarm systems market among all the segments by solution, during the forecast period of 2019-2029.
- Designing & installation services are estimated to continue to hold the largest market share of the global fire alarm systems market among all the segments by professional service, during the forecast period.
- Among all the applications, the industrial sector is estimated to register the highest CAGR in the global fire alarm systems market.
In the study, Future Market Insights offers an unbiased analysis of the global fire alarm systems market, providing historical data for 2014-2018 and forecast statistics for 2019-2029. To understand opportunities in the fire alarm system market, the market is segmented on the basis of solution (type of system and services) and application (commercial, industrial and residential), across seven major regions.
Find the report here.