Global Alarm Systems And Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
25 Aug, 2021
The alarm systems and equipment market consist of sales of alarm systems and equipment and related services for protection and security of residential or commercial building. Alarm systems and equipment are the devices that gives an audible, visual or other form of alarm signal about a problem or condition and can perform functions such as access control, lighting and heating control in homes or buildings. The different types of alarm systems include door alarm, motion sensor alarm, glass break sensor, water alarm, and heat alarm.
Global Alarm Systems And Equipment Market Size And Drivers:
The global alarm systems and equipment market is expected to grow from $22.51 billion in 2020 to $22.92 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $25.43 billion in 2025 at a CAGR of 3%. The alarm system and equipment market is driven by increasing investments in smart homes which is driven by safety and security concerns among households.
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Trends In The Global Alarm Systems And Equipment Market
Companies in the alarm system and equipment market are increasingly investing in wireless protocols for fire detection. Fire safety systems find applicability at homes, many government offices, private offices, public places. Alarm system and equipment are primarily designed to warn occupants of a trouble, so they can safely leave the premises. For instance, a wireless technology, ZigBee developed by Zigbee Alliance has gaining attentions for its application in the fire early detection. Some of the key companies are manufacturing home alarm system including Honeywell International, Inc., Bosch Security Systems, Alarm.com, ADT Corp, and Nortek Security & Control.
Global Alarm Systems And Equipment Market Segments:
The global alarm systems and equipment market is further segmented based on end user, communication technology and geography.
By End-User: Residential, Commercial, Industrial
By Communication Technology: Wired Telecommunication Network, Cellular Wireless Network, Wireless Radio Network, IP Network
By Geography: The global alarm systems and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Alarm Systems And Equipment Market At:https://www.thebusinessresearchcompany.com/report/alarm-systems-and-equipment-global-market-report
Alarm Systems And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides alarm systems and equipment market overviews, analyzes and forecasts market size and growth for the global alarm systems and equipment market, alarm systems and equipment market share, alarm systems and equipment market players, alarm systems and equipment market segments and geographies, alarm systems and equipment market’s leading competitors’ revenues, profiles and market shares. The alarm systems and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.