Rising Strict Regulations Posed by Governments Globally to Raise Demand for Fire Alarm Equipment

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:

  • The introduction of compulsory health safety guidelines is a key factor fuelling the market. In addition, the increasing demand for these systems from the construction industry is also a key driver as the modern buildings and new constructions give high preference to these alarm systems nowadays and have the latest fire alarm systems installed. 
  • The rising strict regulations posed by the governments in various nations for ensuring the security and safety of laborers employed in numerous industries are also supporting the growth of the market. Furthermore, the jurisdictional needs by numerous countries such as the Building Code of Australia and the Fire Protection Association within the U.S. have also made the installation of these systems compulsory, hence driving market growth.
  • The increasing awareness on the fire prevention and protection amongst the general public has also lead in the increasing demand for fire alarm systems globally. 
  • The advancement of cutting-edge technologies including human machine interface (HMI), wireless sensory networks, nanotechnology, and smart buildings have also largely propelled the development of the market for fire alarm equipment. 

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.

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