GCC Fire Detection and Alarm System Market, By Offering (Hardware, Software); By Product Type (Fire Alarm, Detector); By Detection Technology (Addressable, Conventional); By Connectivity (Wired, Wireless); By End User (Commercial, Residential, Industrial), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
GCC Fire Detection and Alarm System Market Size Set to Touch USD 3.1 Billion by 2029
GCC fire detection and alarm system market is gaining traction because of the supportive government regulations on fire safety and growing construction activities in the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the GCC fire detection and alarm system market size at USD 2.1 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the GCC fire detection and alarm system market size to grow at a CAGR of 5.3% reaching a value of USD 3.1 billion by 2029. Rising consumer awareness of fire safety in their homes and strict government laws on fire safety in commercial and industrial areas are two key growth drivers for the GCC fire detection and alarm system market.
GCC Fire Detection and Alarm System Market – Overview
A building's fire alarm system is intended to detect and notify residents and emergency personnel of the presence of smoke, fire, carbon monoxide, or other fire-related emergencies. These systems detect fires, warn building residents, control danger, and inform the fire department. The four different kinds of fire detectors are heat, ionization/photoelectric, photoelectric, and ionization. These four varieties differ from one another in that heat is caused by temperature, whilst the other three are induced by smoke.
GCC Fire Detection and Alarm System Market
Segmental Information
GCC Fire Detection and Alarm System Market – By Detection Technology
Based on detection technology, the GCC fire detection and alarm system market is split into addressable and conventional segments. Addressable detection technology accounts for a higher share in the GCC fire detection and alarm system market. This technology is capable of determining the exact location of the fire breakout, saving time and resources, therefore, is prominently used in commercial and residential facilities. However, conventional technology also covers a substantial market share owing to its wide demand in the residential sector.
Impact of COVID-19 on the GCC Fire Detection and Alarm System Market
The COVID-19 pandemic hindered the growth of the GCC fire detection and alarm system market. The restrictions on the operations of the end user industries, including oil and gas, electrical equipment, petrochemicals, and chemical products, as well as closure of the commercial facilities such as hotels and offices directly impacted the growth of the market. However, the market gained traction in the medical and residential sectors. The overburdening of the hospitals and excessive use of ICUs for the COVID-19-affected patients, increased the fire hazard risks, due to which the hospitals had to invest in advanced fire detection and alarm systems to prevent casualties, limiting the overall market growth.
Competitive Landscape
Major players operating in the GCC fire detection and alarm system market include Honeywell International Inc., Tyco Fire & Security, Siemens AG, Johnson Controls, Naffco (National Fire Fighting Manufacturing Company), Advanced Electronics Company Limited, Inertia Group, Apollo Fire Detectors, Delta Electronics, and Fike Corporation
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the GCC Fire Detection and Alarm System Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the GCC Fire Detection and Alarm System Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. GCC Fire Detection and Alarm System Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Government Regulations on Fire Safety
- 3.2.1.2. Growing Construction Activities in the Region
- 3.2.1.3. Increasing Use of Automation and Smart Technologies in Fire Detection and Alarm Systems
- 3.2.2. Restraints
- 3.2.2.1. High Cost of Fire Detection and Alarm Systems
- 3.2.2.2. Lack of Skilled Technicians to Install and Maintain Fire Detection and Alarm Systems
- 3.2.3. Opportunities
- 3.2.3.1. Growing Demand for Wireless Fire Detection and Alarm Systems
- 3.2.3.2. Development of New and Innovative Fire Detection and Alarm Technologies
- 3.2.4. Challenges
- 3.2.4.1. Stringent Government Regulations on Fire Safety
- 3.2.4.2. Need for Continuous Research and Development to Improve Fire Detection and Alarm Technologies
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. GCC Fire Detection and Alarm System Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Offering
- 4.2.1.1. Hardware
- 4.2.1.1.1. Control Panels
- 4.2.1.1.2. Sensors & Initiating Components
- 4.2.1.1.3. Notification & Audio Components
- 4.2.1.1.4. Others
- 4.2.1.2. Software
- 4.2.2. By Product Type
- 4.2.2.1. Fire Alarm
- 4.2.2.1.1. Audible Alarms
- 4.2.2.1.2. Visual Alarms
- 4.2.2.1.3. Manual Call-points
- 4.2.2.2. Detector
- 4.2.2.2.1. Flame Detectors
- 4.2.2.2.2. Smoke Detectors
- 4.2.2.2.3. Heat Detectors
- 4.2.3. By Detection Technology
- 4.2.3.1. Addressable
- 4.2.3.2. Conventional
- 4.2.4. By Connectivity
- 4.2.4.1. Wired
- 4.2.4.2. Wireless
- 4.2.5. By End User
- 4.2.5.1. Commercial
- 4.2.5.2. Residential
- 4.2.5.3. Industrial
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. GCC Fire Detection and Alarm System Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 6. Impact of Covid–19 on GCC Fire Detection and Alarm System Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Honeywell International Inc.
- 7.2. Tyco Fire & Security
- 7.3. Siemens AG
- 7.4. Johnson Controls
- 7.5. Naffco (National Fire Fighting Manufacturing Company)
- 7.6. Advanced Electronics Company Limited
- 7.7. Inertia Group
- 7.8. Apollo Fire Detectors
- 7.9. Delta Electronics
- 7.10. Fike Corporation
- 7.11. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 GCC Fire Detection and Alarm System Segmentation
- Figure 2 GCC Fire Detection and Alarm System Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 GCC Fire Detection and Alarm System Market Size, By Value (USD Million), 2019–2029
- Figure 5 GCC Fire Detection and Alarm System Market Share, By Offering, By Value, 2019–2029
- Figure 6 GCC Fire Detection and Alarm System Market Share, By Product Type, By Value, 2019–2029
- Figure 7 GCC Fire Detection and Alarm System Market Share, By Detection Technology, By Value, 2019–2029
- Figure 8 GCC Fire Detection and Alarm System Market Share, By Connectivity, By Value, 2019–2029
- Figure 9 GCC Fire Detection and Alarm System Market Share, By End User, By Value, 2019–2029
- List of Tables
- Table 1 GCC Fire Detection and Alarm System Market Size, By Value (USD Million), 2019–2029
- Table 2 GCC Fire Detection and Alarm System Market Share, By Offering, By Value, 2019–2029
- Table 3 GCC Fire Detection and Alarm System Market Share, By Product Type, By Value, 2019–2029
- Table 4 GCC Fire Detection and Alarm System Market Share, By Detection Technology, By Value, 2019–2029
- Table 5 GCC Fire Detection and Alarm System Market Share, By Connectivity, By Value, 2019–2029
- Table 6 GCC Fire Detection and Alarm System Market Share, By End User, By Value, 2019–2029
- Table 7 Honeywell International Inc. Company Overview
- Table 8 Honeywell International Inc. Financial Overview
- Table 9 Tyco Fire & Security Company Overview
- Table 10 Tyco Fire & Security Financial Overview
- Table 11 Siemens AG Company Overview
- Table 12 Siemens AG Financial Overview
- Table 13 Johnson Controls Company Overview
- Table 14 Johnson Controls Financial Overview
- Table 15 Naffco (National Fire Fighting Manufacturing Company) Company Overview
- Table 16 Naffco (National Fire Fighting Manufacturing Company) Financial Overview
- Table 17 Advanced Electronics Company Limited Company Overview
- Table 18 Advanced Electronics Company Limited Financial Overview
- Table 19 Inertia Group Company Overview
- Table 20 Inertia Group Financial Overview
- Table 21 Apollo Fire Detectors Company Overview
- Table 22 Apollo Fire Detectors Financial Overview
- Table 23 Delta Electronics Company Overview
- Table 24 Delta Electronics Financial Overview
- Table 25 Fike Corporation Company Overview
- Table 26 Fike Corporation Financial Overview
- Table 27 Other Prominent Company Overview
- Table 28 Other Prominent Financial Overview
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