PUBLISHER: The Insight Partners | PRODUCT CODE: 1624215
PUBLISHER: The Insight Partners | PRODUCT CODE: 1624215
The US Fire Alarm System Contractor Market size was valued at US$ 1.49 billion in 2023 and is expected to reach US$ 2.43 billion by 2031. The US Fire Alarm System Contractor Market is estimated to record a CAGR of 6.3% from 2023 to 2031.
The Internet of Things (IoT) will play a critical role in the future of fire safety. IoT fire alarm systems operate on a network of interconnected sensors and devices that communicate with one another, as well as cloud-based platforms. Various companies are providing cloud-based fire alarm systems. For instance, in September 2024, Johnson Controls announced the release of SafeLINC. This cloud-based data-hosting infrastructure allows users to remotely access and gather actionable data from the entire suite of fire alarm control panels. SafeLINC provides users with a cloud-connected gateway and a cloud application platform accessible via web browsers and native iOS and Android mobile apps. This arrangement provides real-time data collecting, analysis, and response, making fire alarms more intelligent and efficient. IoT systems can monitor a variety of environmental parameters, predict potential fire threats, and automate emergency responses, making them an invaluable tool in modern fire safety management. In addition, video smoke detection systems, for example, employ cameras to detect smoke's visual signature, delivering an early warning before smoke levels increase dramatically. Also, multi-criteria detectors combine inputs from smoke, heat, and carbon monoxide sensors, thereby increasing detection accuracy while decreasing the likelihood of false alarms. These technologies enable fire alarms to respond more accurately to actual fire conditions, reducing disturbances caused by false alarms.
Remote control and monitoring fire alarm systems can transform fire safety management. Facility managers can monitor fire alarm systems from a central location using remote access, regardless of the size or complexity of the facility. This capability is especially valuable for large facilities or campuses with several buildings because it enables centralized monitoring and faster reaction times. Remote monitoring also allows for real-time diagnosis and maintenance, ensuring that fire alarm systems are operational and effective at all times. Thus, a rise in technological advancements in fire alarm systems is expected to propel the US Fire Alarm System Contractor Market growth in the coming years.
Based on application, the US Fire Alarm System Contractor Market is segmented into commercial, industrial, and residential. The commercial segment held the largest US Fire Alarm System Contractor Market share in 2023. Fire alarms in commercial facilities are typically larger and more complex than those used in domestic settings, necessitating substantial planning and a fire risk assessment prior to professional installation. Commercial property includes various types of office buildings, garages, restaurants, and retail establishments, including shopping malls and pubs, theaters, hotels, and hospitals. Due to the varied nature of commercial properties, the type of fire alarm system utilized is impacted by parameters such as the size of the premises, the number of employees, the type of business, etc. Fire alarms must provide complete coverage of the main area and placed depending on the size of the property, and be interconnected via a central control panel that allows the alarm to quickly detect smoke and notify the residents of any danger.
Western States Fire Protection (API Integrators); Everon, LLC; Emcor Group Inc; Pye-Barker Fire & Safety, LLC; Cintas Corp; Summit Fire Protection Co; Johnson Controls International Plc; The Hiller Companies, LLC.; Convergint Technologies LLC; Koorsen Fire & Security, Inc.; Encore Fire Protection LLC; and Thompson Safety are among the prominent players profiled in the US Fire Alarm System Contractor Market report. Several other major players were also studied and analyzed in the US Fire Alarm System Contractor Market report to get a holistic view of the market and its ecosystem.
The overall US Fire Alarm System Contractor Market share has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the US Fire Alarm System Contractor Market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the US Fire Alarm System Contractor Market.