From GlobeNewswire: 2025-04-04 06:55:00

The global fire alarm system market is growing due to an increase in fire incidents in the US and stricter safety regulations. Valued at US$ 35.86 billion in 2024, it’s projected to reach US$ 58.79 billion by 2031, with a CAGR of 7.4% from 2025-2031. Healthcare facilities are adopting fire alarm systems to protect patients, comply with regulations, and improve emergency response times. The US has over 7,300 active hospitals, with Texas, California, and Florida leading in numbers. Investment in healthcare infrastructure, like Saudi Arabia’s US$ 65 billion plan under Vision 2030, is increasing the demand for fire alarms. The integration of fire alarm systems with building management systems is on the rise, offering increased efficiency and safety in modern buildings. IoT-based fire alarm and remote monitoring systems using interconnected sensors and cloud platforms are becoming more prevalent. Companies like Johnson Controls are providing cloud-based fire alarm systems for real-time data collection, analysis, and response, enhancing fire safety. The fire alarm system market is segmented by technology, product type, and application, with addressable systems, detector types, and commercial applications dominating the market. Major players in the market include Eaton, Bosch, Siemens, Honeywell, and Johnson Controls, among others. Recent innovations include Honeywell’s Morley-IAS fire alarm control panel and Siemens Smart Infrastructure’s expansion of fire safety offerings through digital platforms for enhanced building safety and maintenance processes. Siemens Xcelerator offers an open digital business platform for easier, faster, and scalable digital transformation. North America leads in the fire alarm system market due to high safety awareness and strict regulations. Europe also shows significant growth, especially in smart fire alarms. The Insight Partners report provides valuable insights for stakeholders in this evolving market.



Read more at GlobeNewswire: Fire Alarm System Market Size Worth $58.79 Billion by 2031,