The one of events that is likely to have a noticeable impact on the growth of the global wireless fire detection systems market is passing of the Fire Safety Bill by the House of Lords with three amendment tables. Introduced by the Home Office on March 19, 2020, for the improvement of fire safety in buildings in Wales and England, the bill has been put together for ensuring the safety of people in their homes by checking the prevention of a tragedy like the Grenfell Tower fire.
With regards to the same, the Minister of State, Ministry of Housing, Communities & Local Government, Lord Stephen Greenhalgh, stated that the Bill is a crucial step towards a meaningful change so that an incident of the Grenfell Tower kind could never occur again. Greenhalgh has further added that the Government is, and always has been, dedicated towards the implementation of phase 1 recommendations of the Grenfell Tower Inquiry.
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Wireless fire safety system plays a crucial role in the early detection of fire. They are easy to install and eliminate drilling and reconstruction of cable wiring which is required in setting up wired fire alarm system. Easy deployment and hassle-free maintenance of these systems will augment its high adoption rate in organizations.
Stringent government regulations have made the installation of wireless fire detection systems mandatory in newly constructed buildings. Increasing construction of commercial and residential buildings, increased demand for smart home automation solutions and ubiquitous wireless connectivity will lead to widespread adoption of wireless fire alarm systems.
Disruptions in the supply chain and unavailability of raw materials caused losses to companies manufacturing fire detection technologies as construction activities had slowed down. In addition, the sale of high-cost fire detection systems has been affected by the growing financial insecurities among customers which have impacted their buying behavior.
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The Asia Pacific wireless fire detection systems market is anticipated to experience significant growth in the next few years. The regional industry expansion is predominantly driven by robust economic growth, the inclination of consumers towards sophisticated technologies including wireless IP solutions, and strict regulations pertaining to mandatory installation of wireless fire alarm systems in all commercial and residential buildings.
Leading companies in wireless fire detection systems market include Robert Bosch GmbH, Halma PLC, Siemens AG, Tyco International PLC, Electro Detectors Ltd., EMS Wireless Fire and Security Ltd., and Honeywell, International, Inc.
Major Key Points from Table of Content:
Chapter 7 Wireless Fire Detection Systems Market, By Model (Revenue)
7.1 Key trends by model
7.2 Fully wireless
7.2.1 Market estimates and forecast, 2016 – 2026
7.3.1 Market estimates and forecast, 2016 – 2026
Chapter 8 Wireless Fire Detection Systems Market, By Installation Type (Revenue)
8.1 Key trends by installation type
8.2 New installation
8.2.1 Market estimates and forecast, 2016 – 2026
8.3.1 Market estimates and forecast, 2016 – 2026
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