Fire
sensors and detectors are security systems that are used for
detection and protection against fire. These security devices detect
the gases produced as end-products of combustion process, or respond
to the rise in temperature caused by fire. Responses to the signals
by these detectors may include activating a fire suppression system,
sounding an alarm or deactivating fuel lines such as natural gas or
propane line. There are multiple types of fire sensors and detectors
such as carbon monoxide and smoke sensors that provide early fire
warnings. Therefore, installing fire sensors ensures safety of people
and assets, thereby ensuring business continuity.
On
the basis of applications, fire sensors and detectors market is
segmented into perimeter security, port security, energy security,
public safety and security and critical infrastructure protection
among others. On the basis of end-user industries, the market is
segmented into manufacturing, mining and natural resources,
transportation and logistics, education, healthcare and life science,
energy and utilities, retail and wholesale distribution, Banking,
Financial Services and Insurance (BFSI) and government sector among
others. On the basis of region, the fire sensors and detectors market
revenue is majorly contributed by the North American region due to
the presence of stringent laws to prevent fire-related injuries and
fatalities.
The
increasing number of business organizations around the globe taking
initiatives to provide safe working environments for their employees
is the prime factor fuelling the growth of fire sensors and detectors
market. Such business organizations are undertaking programs to
educate their employees about the workplace safety systems so as to
significantly reduce fatalities in an event of fire. This helps them
in reducing the damages caused to their precious assets and further
enhance revenues. Another factor fuelling the growth of fire sensors
and detectors market is the government regulations that encourage the
installation of such safety systems to prevent fire-related losses.
For instance, the New South Wales Government, since 2006, has made
mandatory smoke alarms in all types of accommodations where people
sleep. This initiates the people to install such security devices to
comply with the ongoing government regulations thereby supporting
their deployment and adding to the growth of this market.
However,
there are complex technical procedures involved in deploying such
safety devices. For instance, fire sensors and detectors should not
be installed near electrical equipment that emits electromagnetic
radiations. This hampers their efficiency as sometimes they are not
able to differentiate between such radiations and fire related
dangers. Also, poor infrastructures of a building make it
unaffordable to reconstruct the entire facility to comply with the
fire sensors and detectors. Further, the manufacturers of such
security systems sometimes find it difficult to design a predefined
security system that can fit all the needs. Hence, the cost of final
customized product is unaffordable by small and medium sized
businesses. These factors restrain the growth of fire sensors and
detectors market.
With
the goal of providing smarter solutions, some of the major players in
the market are coming up with innovative solutions that can help them
in further penetrating the market. For instance, Tyco International
Ltd., one of the prominent players in the market, on September 23,
2014, confirmed its expansion on Internet of Things capabilities
thereby enabling smart services and predictive insights. Some of the
other prominent players in the market are Bosch Security Systems,
United Technologies Corporation, Siemens AG and Honeywell
International, Inc.
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