FORT WORTH, Texas, April 16, 2015 /PRNewswire/ --
The North America fire sensors and detectors market report defines and segments the concerned market with analysis and forecast of revenue. This market was valued at $803.6 million in 2014, and is projected to reach $1,317.5 million in 2019, at a CAGR of 10.4% from 2014 to 2019.
Browse through the TOC of North America fire sensors and detectors market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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A fire detector is a component that is designed to detect and respond to fire. The responses depend on the system that is installed in these devices. It can either be in the form of sounding an alarm, deactivating a fuel line, or activating a fire suppression system.
One of the most significant factors driving the growth of the fire sensors and detectors market includes implementation of fire safety regulations. In addition to this, building modernization, new construction, and system up-gradation are additional market drivers influencing the growth of the North America fire sensors and detectors market.
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The North America fire sensors and detectors market is segmented on the basis of vertical, type, and geography. The U.S. is the most dominant region in the fire sensors and detectors market, registering market revenue of $360.7 million in 2014, and is expected to reach $571.3 million by 2019, at a CAGR 9.6% from 2014 to 2019. Major players operating in this market include Bosch Security Systems, Tyco, Halma Plc, Honeywell, and United Technologies Corporation (UTC).
The report provides an in-depth overview of market share, value chain analysis, and market metrics, such as drivers, restraints, and upcoming opportunities. In addition to this, it also presents a competitive landscape and company profiles of key players operating in the fire sensors and detectors market.
The Global Fire Sensors and Detectors Market is estimated to grow at a CAGR of 10.36% in the forecast period of 2013-2019. There has been an increase in safety regulation by the government in different regions across the globe especially in regions such as Europe and Asia-Pacific. Fire sensor is a component which is designed to detect a flame or fire. A fire detector is a component which is designed to detect and respond to a flame or fire.
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