Research: Global Fire Automation System Market Expected to Top $130M in 2030
Adroit Market Research says North America is leading the way in terms of deploying and installing fire automation systems.
The fire automation system market is expected to be worth more than $130 billion in 2030, growing at a CAGR of 6.7% from 2021 to 2030, according to the 2023 edition of the Global Fire Automation System Market report from Adroit Market Research.
“Integrating fire automation systems with smart building and Internet of Things (IoT) technologies has a number of benefits,” according to the report. “Real-time data, remote monitoring, and sophisticated analytics capabilities offered by IoT-enabled fire automation systems can improve the efficacy and efficiency of fire prevention and detection.
“Integration with smart building systems makes it possible to centrally monitor, automate, and coordinate multiple safety and security systems, resulting in a complete building management solution. A new market potential is the use of cloud-based fire automation technologies,” the report says.
Scalability, flexibility, and remote access to system data and alarms are perks of cloud-based systems, according to the report. They offer “real-time monitoring, remote management, and data analytics while doing away with the need for substantial on-site equipment,” the report says.
Cloud-based fire automation systems “can offer centralized control and reporting across several locations as well as ease of connection with other building management systems,” according to the Adroit report. “Advanced sensor technologies have a chance to be developed and integrated into fire automation systems.
“The accuracy and speed of fire detection can be improved by advances in sensor technology such as multi-sensor detectors, air sampling detectors, and thermal imaging cameras. Advanced sensors can distinguish between true fire incidents and false alarms, offer early warning, and increase the system’s overall dependability,” the report says.
More From the Global Fire Automation Systems Report
The market is expanding as a result of increased fire safety awareness, the adoption of strict rules and building codes, and the requirement for the installation of fire automation systems, according to the report.
There is a “high demand for fire automation systems as a result of governments and regulatory agencies stressing the significance of fire detection and prevention systems in commercial, residential, and industrial structures,” the report says.
“Fire events still represent a serious hazard to property and human life,” according to the report. “There is a greater emphasis on fire safety precautions due to the rise in fire accidents in both developed and developing nations. The need for sophisticated fire automation systems is driven by the requirement for early detection and prompt response to fire crises.”
“Rapid urbanization and infrastructure-building efforts have created a growing requirement for fire automation systems,” the report says. “There is an increasing need to adopt strong fire safety measures, including fire automation systems, in commercial buildings, residential complexes, hospitals, educational institutions, and industrial facilities.
“Businesses and property owners are frequently required by insurance companies to install fire automation systems in order to be covered by their policies. As companies try to abide by insurance rules and reduce the financial risks connected with fire events, this necessity helps the industry expand,” according to the report.
“The market gains from current fire automation systems being upgraded and retrofitted,” the report says. “Property owners and facility managers make investments in updating their fire protection systems when buildings get older or rules change.
“These gadgets, which are positioned thoughtfully about the structure, are made to detect the presence of smoke spores in the air. Smoke detectors can detect smoke and sound an alarm using a variety of methods, including ionization, photoelectric, or a combination of the two,” according to the report.
North America leads the market for fire automation systems, the report says.
“The area places a great focus on fire prevention and detection and has well-established safety rules,” according to the report. “Strict construction rules, renovation projects, and the demand for cutting-edge fire safety systems in the commercial, residential, and industrial sectors are the main drivers of market expansion.”
The market expansion in this area is also aided by technological developments like cloud-based services and IoT integration, the report says.
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