Fire Sensors and Detectors Market Set for Rapid Growth, To Reach Around USD 5.47 Billion by 2022

Zion Market Research has published a new report titled "Fire Sensors and Detectors Market by Components (Smoke detector, Heat detector, Flame detector and other detectors) for Engineering Services, Installation and Design, Service and Maintenance, Managed Services, and other services: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022". According to the report, the global fire sensors and detectors market was valued around USD 3.07 billion in 2016 and is expected to reach USD 5.47 billion by 2022, at a CAGR of 10.1% for the forecast period from 2017 to 2022.

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Fire sensors and detectors are built to both detect and respond to fire or flame presence. These responses mainly depend upon an installation. The emergence of fire sensors and detectors has helped house owners, staff and more to respond accurately, compared to the traditional heat or smoke detectors used in the past. The machinery used by traditional detectors to detect flame has several flaws. Furthermore, the fire sensors and detectors when installing in commercial buildings provide the best safety measure and are highly affordable.

The fire sensors and detectors market is influenced by several drivers, restraints, and opportunities. The constant efforts made by business enterprises to provide safe working space for their staff is the major factor driving the fire sensors and detectors market. The key factors driving the global fire sensors and detectors market are the increase in the safety regulations being implemented by the governments in different regions across the globe, especially in the countries in the European and Asia-Pacific regions, new constructions, and up-gradation of the already installed fire sensing and detection systems. The fire sensors and detectors are being implemented rigorously in a variety of sectors which include manufacturing, and oil & gas and mining, among others.

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The global fire sensors and detectors market is segmented into components, services, industry, and regions. The component segment of the sensor and detectors market includes a smoke detector, heat detector, flame detector and other detectors. The services which are offered are engineering services, installation and design, service & maintenance, managed services and other services. By industry, the global fire sensors and detectors market has been segmented into academia & institutional, BFSI, consumer goods & retail, energy & power, government, healthcare, manufacturing, oil & gas and mining, transportation and logistics and others. The market is analyzed based on five regions namely North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

The major participants which include Tyco International Limited, Bosch Security Systems, London Security PLC, United Technologies Corporation, London Security PLC, Johnson Controls, Inc.

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