Consumer & Retail

According to a market report by Lucintel, the future of the fire detectors in public institutions market looks promising with opportunities in smoke detectors, flame detectors, and heat detectors. The global fire detectors in public institutions market are expected to reach an estimated $1.70 billion by 2028 with a CAGR of 8.8% from 2023 to 2028. The major drivers for this market are increasing need for fire detectors in public buildings and governments are making stringent regulations for the protection of the public infrastructure.



In this market, ZigBee, Wi-Fi, wired, sigfox, NB-IOT, and satellite are the major segments of fire detectors in public institutions market by technology. Lucintel forecasts that wired will remain the largest technology segment over the forecast period due to the huge usage of wire based fire detectors in public institutions.



Within this market, smoke detector is expected to witness highest growth over forecast period to minimise the risk of fire-related injury or death.



APAC is expected to witness the highest growth over the forecast period due to the growing installation of fire detectors as a result of investment in infrastructure development.

Honeywell, Johnson Controls, London Security, Hochiki, and Fike Corp are the major suppliers in the global fire detectors in public institutions market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global fire detectors in public institutions market by product, technology, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Fire Detectors in Public Institutions Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the fire detectors in public institutions market by product, technology, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global fire detectors in public institutions market by product (smoke detectors, flame detectors, heat detectors, and others), technology (ZigBee, Wi-Fi, wired, sigfox, NB-IOT, satellite, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?