The North American fire alarm system market is anticipated to exhibit a considerable CAGR of 7.4% during the forecast period. Fire alarm systems are in high demand in the region, owing to proper implementation of state and national policies and building codes to improve fire safety, educational campaigns focusing on smoke detectors, and behavioral changes such as the gradual decline in smoking rates. The growing adoption of fire alarm systems in commercial, industrial, and residential buildings owing to the increasing stringency in the fire safety regulations is anticipated to drive the growth of the fire alarm system market. The US is anticipated to hold a major market share in the North American fire alarm system market. The US is home to various multinationals. The huge adoption of a fire alarm system in the commercial buildings of these companies is anticipated to make a major contribution to the growth of the regional market.
The fire alarm system market is segmented based on products and applications. Based on product, the market is segmented into the conventional fire alarm system and addressable fire alarm system. Based on application, the market is segmented into commercial, industrial, and residential. The compulsion of installing fire safety systems in commercial buildings for purpose of getting insurance is anticipated to drive the growth of this market segment
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North American Fire Alarm System Market Segmentation
By Product
- Conventional Fire Alarm System
- Addressable Fire Alarm System
By Application
- Commercial
- Industrial
- Residential
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Regional Analysis
- US
- Canada
Company Profiles
- ADP, LLC
- Bay Alarm Co.
- Eaton Corp.
- Fike Corp.
- Gentex Corp.
- Hochiki Corp.
- Honeywell International, Inc.
- Johnson Controls International plc
- MAK Technologies, Inc.
- . Napco Security Technologies, Inc.
- Panasonic Corp.
- Potter Electric Signal Company, LLC
- Siemens AG
- Space Age Electronics, Inc.
- United Technologies Corp.
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