Want to know more about Fire Alarm? 

A fire alarm system is a set of electric/electronic devices/equipment working together to detect and alert people through visual and audio appliances when smoke/fire is present. These alarms may be activated from smoke detectors, heat detectors, water flow sensors, which are automatic or from a manual fire alarm pull station. There are manually actuated devices; also known as fire alarm boxes, manual pull stations, or simply pull stations, Break glass stations, call points or Buttons. Devices for manual fire alarm activation, are installed to be readily located (near the exits), identified, and operated. Automatically actuated devices can take many forms intended to respond to any number of detectable physical changes associated with fire: convected thermal energy; heat detector, products of combustion; smoke detector, radiant energy; flame detector, combustion gasses; fire gas detector, and release of extinguishing agents; water-flow detector.

The newest innovations can use cameras and computer algorithms to analyze the visible effects of fire and movement in applications inappropriate for or hostile to other detection methods.

The market for fire alarm equipment is a mature market on global level, considering the enhanced frequency of accidents and security issues. The fire alarm equipment market has been witnessing a lot of new innovations, for both product and technology. Although the global market for fire alarm equipment market is at a mature stage, the associated products and technologies are still in their growth phase and contribute largely towards the market growth. Moreover, the global market for fire alarm equipment continuously grows with the demand in the construction industry and the mandatory health safety guidelines. Among different fire equipment present on a global level, the photoelectric detectors are expected to dominate the fire alarm equipment market by gaining additional market space than others, such as ionization smoke detectors. 

Market Analysis

The global fire protection systems market size (FPS) was valued at $33.6 billion in 2013 and it is projected to grow further at a CAGR of 11.53% and reach an estimated $67 billion by 2018 as fire protection systems are becoming an inevitable part of any construction. According to global analysts Frost & Sullivan, the Gulf region’s fire safety systems market, which was worth US$ 1.2 billion in 2013, is expected to grow at an annual growth rate of 14.4% up to 2018. According to Frost & Sullivan, fire detection accounts for 33.1% of the overall GCC fire safety systems market and is estimated to grow at a rate of 14.6%, while fire suppression accounts for 66.9% of the overall market and is estimated to experience a growth rate of 14.3% between 2014 and 2018.