Chicago, IL -- (SBWIRE) -- 07/28/2017 -- According to the report, "Wireless Fire Detection Systems Market, by Product (Sensors/Detectors, Call Points, Fire Alarm Panels and Devices, Input/Output Modules), System Type (Fully Wireless Systems, Hybrid Systems), Installation Type (New Installation, Retrofit Installation), Vertical (Residential, Commercial, Government, Manufacturing) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022", the market for wireless fire detection systems is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.

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Wireless fire detection system is a combination of wired and wireless technologies that are integrated through radio loop modules. This combination of wired and wireless systems ensures a more reliable network which are suitable for both new buildings and retrofitting environment. Compared to the traditional wired systems, these systems are installed easily being wireless, which in turn reduces the overall labor cost. These systems need not be wired with different devices as they can be connected through wireless medium. Hence, the end-users get the systems at a cheaper rate as compared to the conventional systems. This report studies the current and future aspects of the wireless fire detection systems market.

KEY PREMIUM INDUSTRY INSIGHTS

1. One of the major benefits of using the wireless fire detection system is that they are very cost effective and easy to install. Hence there is a rise in demand for this technology in the retrofit environment promoting the growth of wireless fire detection systems market.

2. Easy installation process reduces the overall time and cost invested, which boosts the growth of the market. In addition, updated government regulations and policies regarding fire protection systems is one major market driver. The wireless fire detection systems market is bound to grow worldwide during the forecasted period.

3. However, one factor that can hamper the growth of the market is its high maintenance cost and low reliability perception among the people of developing economies. In such conditions, people are not willing to install a fire detection system at home which is acting as a major market restraint.

The wireless fire detection systems market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The North America region holds the highest market share and is the largest revenue contributor for the wireless fire detection systems market. The rapid growth in the region is seen due to stringent market regulations for fire protection, promoting the growth of the market. Most of the buildings in the U.S, whether residential or commercial, are fixed with the wireless fire detection systems.

MARKET SEGMENTATION

This report analyzes the wireless fire detection systems market by the following segments:

Wireless Fire Detection Systems Market, by Product
1. Sensors/Detectors
2. Call Points
3. Fire Alarm Panels and Devices
4. Input/Output Modules

Wireless Fire Detection Systems Market, by System Type
1. Fully Wireless Systems
2. Hybrid Systems

Wireless Fire Detection Systems Market, by Installation Type
1. New Installation
2. Retrofit Installation

Wireless Fire Detection Systems Market, by Vertical
1. Residential
2. Commercial
3. Government
4. Manufacturing

KEY MARKET PLAYERS

Key players in the wireless fire detection systems market include:

1. EMS Wireless Fire & Security Ltd
2. Electro Detectors Ltd
3. Sterling Safety Systems
4. Ceasefire Industries Pvt. Ltd
5. Zeta Alarm Systems
6. Detectomat GmbH
7. Eurofyre Ltd
8. United Technologies
9. Honeywell International Inc.
10. Siemens AG

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