Feb 6 2015
This report analyzes the global Fire Sensors and Detectors Market for key driving and restraining factors. It also analyzes the growth trends and revenue forecasts for this market. The report estimated that the market will grow at a steady CAGR of over 10.36% from 2014 to reach $4104.28 million in 2019.
Browse the Global Fire Sensors and Detectors Market through in-depth TOC for industry trends & forecasts.
Browse the Fire Sensors and Detectors Market through extensive TOC, market data and segmentation in the market supported by various figures and tables.
http://www.micromarketmonitor.com/market-report/fire-sensors-and-detectors-reports-2013364243.html
Fire sensors are designed to detect and respond to small and large fire instances. These sensors initiate various types of responses when fire is detected. Different types of responses used by these sensors include alarms, fire suppression system and fuel line deactivators.
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According to the report, the global Fire Sensors and Detectors is expected to witness immense growth opportunities in the years to come. The market is driven by rising demand for sensors from different industrial verticals. Strong rise in the implementation of safety regulations are also expected to create growth opportunities for the market. Strong government initiatives from the governments across Asia Pacific and European countries are also expected to drive this market.
The report segments the global Fire Sensors and Detectors market on the basis of the types of sensors and their demand across different end-user industries and geographic regions.
According to the report, North America will continue to dominate the global market. It is expected to reach $1001.86 million by 2019. It expects the global market to witness growth at a steady CAGR of over 2.8% by 2019.
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The North American 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.
http://www.micromarketmonitor.com/market/north-america-fire-protection-system-8405113894.html
Source: http://www.micromarketmonitor.com/