Europe Fire Alarm And Detection Market Size & Outlook
Europe fire alarm and detection market, 2018-2030 (US$M)
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Europe fire alarm and detection market highlights
- The Europe fire alarm and detection market generated a revenue of USD 9,346.4 million in 2022.
- The market is expected to grow at a CAGR of 7.9% 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, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 9,346.4 million |
| Market revenue in 2030 | USD 17,207.3 million |
| Growth rate | 7.9% (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, Europe region accounted for 29.2% 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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Europe 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 Europe fire alarm and detection market based on fire detection covering the revenue growth of each sub-segment from 2018 to 2030.
The Europe region is strongly driven by the fire regulations and legislations. The UK fire alarm legislation is one of the stringent legislations which recommends inspection at least every 6 months for small premises whereas a quarterly check for larger premises.
In Germany approximately 13 states have adopted the mandatory implementation of smoke alarms. The State building codes suggest that smoke detectors should be installed in bedrooms, hallways, pipelines and escape routes. The German fire legislation has made it mandatory for some states to retrofit the existing residences with smoke detectors.
For instance, Bavaria state has made it mandatory to retrofit by Dec 2017, whereas states such as Bremen Lower Saxony, Saxony-Anhalt have already made it mandatory since Dec 2015. Recent fire incident such as the Grenfell Tower fire (UK) has significantly boosted the need for installation of fire alarm and detection devices, especially in high-rise towers and also put numerous other properties under review.
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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 Europe fire alarm and detection market , including forecasts for subscribers. This continent databook contains high-level insights into Europe fire alarm and detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe fire alarm and detection market size, by country, 2018-2030 (US$M)
Europe Fire Alarm And Detection Market Outlook Share, 2022 & 2030 (US$M)
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