(PRWEB) November 24, 2014 -- The Global Fire Sensor and Detector market report defines and segments the market for latest trends and revenue forecasts. According to the report, this market is estimated to grow at a projected CAGR of 10.4% from 2014 to 2019. As a result, it is estimated to grow from $2,203.8 million in 2013 to $4,104.3 million by 2019.
Browse through the complete market TOC to get an idea of the in-depth industry analysis supported by various tables and figures.
According to the report, rising instances of security concerns and accidents are driving the global fire sensor and detector market globally. Rapid upgrades in the existing components and new technologies are expected to be the major contributing factors for this industry. As mentioned in the report, new and advanced sensors are being developed, which help provide accurate data to the control units. Intelligent sensors have networking capabilities, wherein a group of sensors and detectors can communicate easily through control units, resulting into more efficiency. The report analyzes major companies in the market, which include Tyco (Switzerland), Bosch Security Systems (U.S), Halma plc (U.K), Honeywell (U.K), and United Technologies Corporation (UTC) ,(U.S).
According to the report, different enterprises are integrating the government policies and regulations- related to individual safety and protection, which are creating expansion opportunities for the market. The fire sensor and detector solutions available in the market protect the public and private infrastructure from fire hazards and related risks. Several enterprises have realized the necessity of fire sensor and detector solutions, as they secure the employees from danger, and protect the infrastructure and the physical assets in case of unforeseen accidents. Most of the government bodies have started taking fire safety measures, especially in areas prone to fire hazards, such as grids, water plant, oil and mining areas. All these factors are expected to play crucial role in the development of this market.
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The report segments the Global Fire Sensor and Detector market on the basis of the types, such as components and services. It further segments the market on the basis of end-users, such as small business and enterprises. On the basis of geographical regions, the report segments this market into North America, Latin America, Middle East and Africa, Europe and Asia-Pacific.
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The report also includes detailed analysis of the market share, value chain analyses, and market metrics such as drivers and restraints along with competitive landscape and company profiles of the key players in the market.
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