Europe Fire Sensor and Detectors Market Worth $1.04 Billion in 2019 – MicroMarketMonitor
The Europe Fire Sensor and Detectors Market is primarily driven by stringent government regulations and new constructions.
According to the new market research report “Europe Fire Sensors and Detectors Market by Component (Smoke Detector, Flame Detector, Heat Detector), by Service (Service & Maintenance, Managed Services, Engineering Services, Installation & Design), by Vertical, by Geography – Analysis and Forecast to 2019”, the European fire sensors and detectors market was valued at $612.7 million in 2014, and is projected to reach $1.04 billion in 2019, at CAGR of 11.3% from 2014 to 2019.
Key players in the Europe fire sensor and detectors market include Siemens, Bosch Security Systems, Tyco International Ltd., United Technologies Corporation (UTC), and London Security.
Browse through the TOC of Europe fire sensor and detectors market for an analysis of industry trends, segments & forecasts.
A fire sensor and detector is a component that is designed to detect and respond to a flame or fire. The responses to the detected flame depend on the system which is installed can be in the form of sounding an alarm, deactivating a fuel line or activating a fire suppression system. These are the set of electronic devices which works simultaneously to detect the fire, smoke, or flame by giving sense as an input to sensor and gives alert through response by visual or audio device.
The major factors driving the growth of the fire sensors and detectors market in Europe are the stringent regulations implemented the governments in various European countries. For example, as per rules, sensors and detectors can have a life-cycle of maximum 10 years. Other drivers influencing the growth of the European the market are building modernizations, new constructions, and system integration. Active fire sensors and detectors are being implemented across several industry verticals, including manufacturing, oil, gas & mining.
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In 2014, U.K. contributed the largest share to the European fire sensors and detectors market, and the market in the country was valued at $280.6 million in 2014. It is expected to reach $470.4 million by 2019, at a CAGR of 10.9% from 2014 to 2019. In 2014, the European fire sensors and detectors market was dominated by Siemens, Bosch Security Systems, Tyco International Ltd., United Technologies Corporation (UTC), Johnson Controls, Inc., and London Security.
This report has been segmented based on vertical, services, component, and geography. Based on verticals, the market has been segmented into academia & institutional, BFSI, consumer goods & retail, energy & power, government, healthcare, manufacturing, oil, gas & mining, transportation and logistics, and others. Based on services the market has been categorized into engineering services, installation & design, service & maintenance, managed services, and others, while components include smoke detector, heat detector, flame detector, and others. The report has also been segmented into major countries in the region including the U.K., France, and Germany.
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The report also includes market share and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in the European fire sensors and detectors market.
Global Fire Sensors and Detectors Market
The global fire sensors and detectors market is estimated to witness a CAGR of 10.8% during the forecast period, 2014 to 2019.
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