Published By : 05 May 2016 | Published By : QYRESEARCH
Owing to the rising count of fire accidents and security issues, the market for fire alarm equipment has experienced maturity in recent times globally. However, a number of continuous developments in technology and product helps in the expansion of the market. A number of fire alarm equipment are penetrating in the market at present such as flame detectors, heat detectors utilized within private buildings, industrial settings, and commercial spaces. Fire alarm equipment finds application in warehouses, chemical factories, theaters, churches, airports, drilling platforms, waste treatment facilities, office buildings, pumping stations, hotels, office buildings, large-scale garages, laboratories, power plants, apartments and houses, packaging facilities, chemical solvents’ treatment facilities, heat treatment, variety of ships, museums, hospitals, sewage plants, filling stations of gases and inflammable fluids, cultural monuments, petrochemical, and schools, among others.
There are a large number of factors fuelling the market for fire alarm systems. Some of the key factors are:
Thus, the market will gain inertia in the coming years. However, the absence of proper compliance and the lack of adequate control may inhibit the growth of the market in the coming years.