The Fire Safety Systems Market size is estimated at USD 70.31 billion in 2024, and is expected to reach USD 97.10 billion by 2029, growing at a CAGR of 6.67% during the forecast period (2024-2029).
The primary motivation for building alarm system requirements and fire codes is to provide early notification to the building occupants so that people can exit the building and notify the fire service. Rapid urbanization and industrialization are propelling the demand for fire safety systems. The rising awareness about fire safety is also anticipated to supplement the market's growth.
The Fire Safety Systems Market is very competitive. Some of the significant players in the market are Johnson Controls, Honeywell International Inc., Gentex Corporation, Siemens, Bosch Security Systems GmbH, Halma Plc, and many more.
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