Asia Pacific Fire Alarm And Detection Market Size & Outlook
Asia Pacific fire alarm and detection market, 2018-2030 (US$M)
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Asia Pacific fire alarm and detection market highlights
- The Asia Pacific fire alarm and detection market generated a revenue of USD 6,906.1 million in 2022.
- The market is expected to grow at a CAGR of 10% from 2023 to 2030.
- In terms of segment, fire detection was the largest revenue generating solution in 2022.
- Fire Detection is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 6,906.1 million |
| Market revenue in 2030 | USD 14,807.3 million |
| Growth rate | 10% (CAGR from 2022 to 2030) |
| Largest segment | Fire detection |
| Fastest growing segment | Fire Detection |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fire Detection |
| Key market players worldwide | Eaton Corp PLC, Gentex Corp, Halma PLC, Hochiki Corp ADR, Honeywell International Inc, Johnson Controls International PLC, NAPCO Security Technologies Inc, Robert Bosch Engineering & Business Solutions, Siemens AG, United Technologies Corporation |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.6% of the global fire alarm and detection market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,807.3 million by 2030.
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Fire Alarm And Detection Market Scope
Fire Alarm And Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific fire alarm and detection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fire alarm and detection market will help companies and investors design strategic landscapes.
Fire detection was the largest segment with a revenue share of 100% in 2022. Horizon Databook has segmented the Asia Pacific fire alarm and detection market based on fire detection covering the revenue growth of each sub-segment from 2018 to 2030.
China is the world’s largest manufacturing hub and also has a large consumer base. The country is one of the fastest growing economy which driven towards building smart cities. Such favorable circumstances provides an opportunity for the Chinese fire alarm and detection market to grow significantly with a CAGR of 6.7% over the forecast period.
The increasing awareness among the end users and thriving construction sector in countries such as India and China is expected to foster the market growth. Additionally, the growing requirement for public and workplace safety has led to the increase in adoption of fire safety systems.
Furthermore, the growing awareness about fire safety parameters and its potential benefits will drive the Indian fire alarm and detection market. The Japanese fire alarm market is dominated by one of the prominent market player named Hochiki Corporation. The company is aggressively promoting the use of latest technology sensors.
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Our clientele includes a mix of fire alarm and detection market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific fire alarm and detection market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific fire alarm and detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific fire alarm and detection market size, by country, 2018-2030 (US$M)
Asia Pacific Fire Alarm And Detection Market Outlook Share, 2022 & 2030 (US$M)
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