Fire Sensors and Detectors Market is Expected to Reach $4.1 Billion by 2019, at a CAGR of 10.8% From 2014 to 2019

FORT WORTH, Texas, June 5, 2015 /PRNewswire/ --

The global fire sensors and detectors market report defines and segments the fire sensors and detectors market, globally with analysis and forecast for revenue. This market is estimated to grow from $2.5 billion in 2014 to $4.1 billion by 2019, at a CAGR of 10.8% during the forecast period, 2014 to 2019.

Browse through the TOC of the global fire sensors and detectors market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentations in the market, and is supported by various tables and figures.

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Fire sensor is a component which is designed to detect a flame or fire. A fire detector is a component which is designed to detect and respond to a flame or fire. The responses to the detected flame depend on the system which is installed. That is the response can be sounding an alarm, deactivating a fuel line or activating a fire suppression system. These are the set of electronic devices which works simultaneously to detect the fire, smoke or flame by giving sense as a input to sensor and gives alert through response by visual or audio device.

Fire Sensors and Detectors is the emerging market with immense growth because of the higher safety regulations being implemented by the government in different region across the globe especially in the European countries followed by Asia-Pacific countries. The active Fire Sensors and Detectors is already being implemented rigorously in all the sectors including manufacturing, oil, gas and mining and others majorly supported by the fire detectors and extinguishers.

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This report fragmented into vertical, type, regions. The industry verticals for the Fire Sensor and Detector market include: Academia and institutional, BFSI, Consumer Goods and Retail, Energy and Power, Government, Healthcare, Manufacturing, Oil, Gas and Mining, Transportation and Logistics, and other verticals. It also has services and components under its type. Services include: Engineering Services, Installation and Design, Service and Maintenance, Managed Services, and other services. Whereas components include: Smoke detector, Heat detector, Flame detector, and other detectors. Regions include North America, Asia-Pacific, Europe, Middle East Africa, and Latin America.

In 2014, North America is the region leading the fire sensor and detector market with revenue of $871.64 million in 2014 and is expected to reach $1001.86 million by 2019 with CAGR 2.8%. . The Global Fire Sensors and Detectors market is dominated by Bosch Security Systems, Tyco, Halma Plc, Honeywell, United Technologies Corporation (UTC).

The report also includes market share and value chain analyses, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.

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The North America Fire Protection System Market has been pegged at $13.46 billion in the year 2013 and is growing at 6.7% annually and is projected to reach $ 18.61 billion by the end of the year 2018.The North American fire protection system market constitutes 38.20% of the global fire protection system market in the year 2013. The market is segmented on the basis of geographies, components, and industries.

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