Global Wireless Fire Detection Systems Market to Reach $534.1 Million by 2030
The global market for Wireless Fire Detection Systems estimated at US$378.8 Million in the year 2023, is expected to reach US$534.1 Million by 2030, growing at a CAGR of 5% over the period 2023-2030. Fully Wireless Fire Detection Systems, one of the segments analyzed in the report, is expected to record 4.4% CAGR and reach US$221.8 Million by the end of the analysis period. Growth in the Hybrid Fire Detection Systems segment is estimated at 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $113.4 Million, While China is Forecast to Grow at 4.7% CAGR
The Wireless Fire Detection Systems market in the U.S. is estimated at US$113.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$93.5 Million by the year 2030 trailing a CAGR of 4.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 4.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
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