[Latest] Global Fire Alarm Equipment Market Size/Share Worth USD 69,862.2 Million by 2034 at a 6.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

Austin, TX, USA, June 24, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Fire Alarm Equipment Market Size, Trends and Insights By Product Type (Smoke Detectors, Heat Detectors, Flame Detectors, Manual Call Points, Fire Alarm Panels, Notification Devices, Others), By Alarm Type (Audible Alarms, Visual Alarms, Manual Call-points Alarms), By End-User Industry (Construction, Oil & Gas, Healthcare, Banking, Financial Services, and Insurance (BFSI), Hospitality, Education, Retail, Manufacturing, Transportation & Logistics, Government, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033“ in its research database.

“According to the latest research study, the demand of global Fire Alarm Equipment Market size & share was valued at approximately USD 36,185.1 Million in 2024 and is expected to reach USD 38,645.7 Million in 2025 and is expected to reach a value of around USD 69,862.2 Million by 2034, at a compound annual growth rate (CAGR) of about 6.8% during the forecast period 2025 to 2034.”

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Fire Alarm Equipment Market Growth Factors

• Increasing Stringency of Safety Regulations: The stringent enforcement of fire safety regulations and building codes globally is a significant driver for the fire alarm equipment market. Authorities and regulatory bodies impose strict requirements for fire detection and alarm systems in commercial, residential, and industrial buildings to ensure the safety of occupants, thereby driving the demand for fire alarm equipment.

• Rising Awareness about Fire Safety: Growing awareness among individuals, businesses, and governments about the importance of fire safety measures is fueling the demand for advanced fire alarm equipment. High-profile fire incidents and increased emphasis on preventive measures have led to greater investments in fire detection and alarm systems, contributing to market growth.

• Technological Advancements: Ongoing technological advancements in fire alarm equipment, including the development of smart and wireless systems, enhanced sensor technologies, and integration with building automation systems, are driving market growth. These innovations improve the efficiency, reliability, and functionality of fire alarm systems, leading to increased adoption across various end-user industries.

• Rapid Urbanization and Infrastructure Development: The rapid pace of urbanization and infrastructure development in emerging economies is creating significant opportunities for the fire alarm equipment market. The construction of new commercial complexes, residential buildings, industrial facilities, and public infrastructure projects necessitates the installation of modern fire detection and alarm systems, driving market expansion.

• Focus on Property Protection and Loss Prevention: Businesses across industries are increasingly recognizing the importance of property protection and loss prevention measures, including fire detection and alarm systems. The implementation of comprehensive fire safety solutions helps safeguard assets and infrastructure and minimizes the risk of business interruption and financial losses, thereby driving demand for fire alarm equipment.

• Growing Adoption of Smart Buildings and IoT: The increasing adoption of smart building technologies and the Internet of Things (IoT) is influencing the fire alarm equipment market. Integration of fire alarm systems with building management systems allows for centralized monitoring, remote access, and automated response capabilities, enhancing overall building safety and operational efficiency.

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Fire Alarm Equipment Market: Partnership and Acquisitions

• In 2023, Honeywell introduced the Morley-IAS Max fire detection and alarm system, designed to elevate building and occupant safety. This advanced system utilizes cutting-edge technology to provide reliable and effective fire detection and alarm capabilities, ensuring enhanced protection in various environments.

• In 2022, Johnson Controls launched the FireClass range, offering open-protocol fire detection products for enhanced safety in various settings. This comprehensive line of industry-approved products aims to create safer and more secure environments in commercial, residential, corporate, retail, leisure, care home, manufacturing, and warehouse facilities.

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