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Home » Keywords: » State of the Market: Fire Alarms
Items Tagged with 'State of the Market: Fire Alarms'
The fire alarm industry experienced another good year, full of further adoption of technological and code changes, along with self-created opportunities to increase revenue.
The typically steady fire and life safety industry saw growth in 2019, with overall global revenues surpassing $7.5 billion, according to David Gonzalez, research analyst, physical security and critical communications, Omdia, London.
With a strong economy, plus a healthy new construction and retrofit market, business remains steady in the fire space, with a few new opportunities, but also some notes of caution
In an economy that is staying strong, with a projected commercial construction growth rate of 4 percent annually through 2019, there is much to be happy about.
Fire detection insiders are literally “fired up” over last year’s market performance and the potential going forward. While still heavily code-driven, there are signs of technology innovations and changes pointing to more integration and opportunity than ever before.
Anyone who thinks the fire alarm industry — with its restricting codes and standards and conservative outlook — doesn’t experience exciting changes, would be wrong.
In a market that is historically a code-driven ‘have-to’ purchase, small changes can have big impacts; and 2015 saw the continuing of that trend, with strong performance and a very positive outlook for 2016.
For a market characterized as stable, code-driven and conservative, 2015 seemed to be a turning point for many in the fire detection business, marking the true end of the downturn and the return to growth.
New and retrofit construction, code changes, communication shifts, easier-to-install technology and a potential increase in discretionary spending are five reasons to be hopeful that the U. S. fire market is moving beyond ‘back to flat.’
In this year’s market, growth is coming from newer technologies including emergency communications systems (ECS) and mass notification systems (MNS), carbon monoxide (CO) products and legislation, Internet protocol (IP) and wireless options.
There are no flashy changes or broad shifts to be found in the fire alarm market in 2012. In fact, in a lot of ways, the 2012 fire alarm market looks very similar to the 2011 market. Despite a lack of healthy construction in the commercial space, the industry continues to move forward — supported by code requirements, mandatory inspections, insurance incentives, and the simple unremitting need for life safety.
The focus on fire protection and mass communication is stronger than ever, providing opportunities in 2011 and helping shift the fire industry ‘from neutral to positive.’
On March 11, 2011, a 9.0 magnitude quake hit northeastern Japan, triggering a tsunami with 10-meter-high waves that reached all the way to the U.S. West Coast.
The recession may be on its way out, but the confidence level among SDM’s subscribers hasn’t returned to the fire protection market. The majority of dealers who participated in SDM’s
Luis Ortiz, part of Fire-Lite’s Technical Services Department, tests an ACC-25/50ZS voice evacuation panel.For the second year in a row, the confidence level fell among SDM’s subscribers about the vigor
