Global Emergency Alarm and Evacuation Systems Market 2017-2021
About Emergency Alarm and Evacuation Systems
An emergency alarm and evacuation system is an integration of two independent life-saving equipment with automation and control at one point. This includes monitoring, preventing, controlling, and subsequent evacuation in case of emergency. Respective governments regulate the installations and operations of such systems. Emergency alarm and evacuation systems are widely used in industrial, commercial, and residential sectors.
Technavio’s analysts forecast the global emergency alarm and evacuation systems market to grow at a CAGR of 6.81% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global emergency alarm and evacuation systems market for 2017-2021. To calculate the market size, the report considers new installations, shipments, value, retrofit and replacement, and aftermarket services.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Emergency Alarm and Evacuation Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global emergency alarm and evacuation systems market: Siemens, Honeywell International, Johnson Controls, Bosch, and Hochiki.
Other Prominent Vendors in the market are: ABB, Automated Logic, Beckhoff, Eaton, Legrand, Schneider Electric, and United Technologies Corporation (UTC).
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is wireless communication. Wireless communication of fire alarm is the upcoming trend in the market. It allows the integration of existing control system with fire alarm, resulting in easy handling, increased efficiency, and low maintenance.”
According to the report, one driver in the market is rising demand for safety automation in oil and gas industry. Oil and gas processes deal with hazardous and flammable products. Crude oil, natural gas, and refined petroleum products catch fire as soon as they come in contact with flame pronouncing material and cause severe damage to life and assets. Therefore, fire and leakage detection is essential in the oil and gas industry. As oil and gas operations are carried out in the harsh and extreme environment, fire protection equipment must be highly advanced.
Further, the report states that one challenge in the market is compliance with codes and standards. Emergency alarm is globally available equipment and installed in the residential, commercial, and sectors widely. Governments of respective countries provide building codes, product design standards, and installation standards. Ideally, these codes and standards should be uniform worldwide, but the situation is far more complex.
Siemens, Honeywell International, Johnson Controls, Bosch, Hochiki, ABB, Automated Logic, Beckhoff, Eaton, Legrand, Schneider Electric, and United Technologies Corporation (UTC).