Latin America Fire Alarm And Detection Market Size & Outlook
Latin America fire alarm and detection market, 2018-2030 (US$M)
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Latin America fire alarm and detection market highlights
- The Latin America fire alarm and detection market generated a revenue of USD 1,665.3 million in 2022.
- The market is expected to grow at a CAGR of 8.5% 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, Mexico is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,665.3 million |
| Market revenue in 2030 | USD 3,191.4 million |
| Growth rate | 8.5% (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, Latin America region accounted for 5.2% 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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Latin America 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 Latin America fire alarm and detection market based on fire detection covering the revenue growth of each sub-segment from 2018 to 2030.
Government in Latin America is implementing higher safety legislations especially in economies such as Mexico, Brazil and Colombia. Factors such as high urbanization rate, growth in new construction and increasing need to protect assets and people from unanticipated fire accidents are expected to drive the growth over forecast period.
Brazil is one of the extensive and well-developed security market. The fire accident at the Brazilian Nightclub has triggered the popularity for the use of fire safety systems especially for enclosed applications such as private hospitals, shopping malls, data centers and so on.
Factors driving industry growth include increasing purchasing power, rising population, knowledge of advanced technologies and fire safety concerns. The region is witnessing the increase in energy infrastructures and transportation enabling the increase in implementation of fire protection solutions.
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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 Latin America fire alarm and detection market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America fire alarm and detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America fire alarm and detection market size, by country, 2018-2030 (US$M)
Latin America Fire Alarm And Detection Market Outlook Share, 2022 & 2030 (US$M)
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