Fire Alarm Systems Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Addressable Systems and Conventional Systems), Product Type [Detector Type (Smoke Detectors, Heat

The Fire Alarm System Market size was valued at US$ 35.86 billion in 2024 and is expected to reach US$ 58.79 billion by 2031. The Fire Alarm System Market is estimated to record a CAGR of 7.4% from 2025 to 2031.

The US, Canada, and Mexico comprise one of the most successful and competitive economic regions worldwide. The economic competitiveness of North America continues to grow through economic, commercial, and residential cooperation, integration, and policy alignment. The construction of residential and commercial buildings in these countries is growing owing to various investments in the construction sector. For instance, in October 2023, Fluor, a global engineering and construction firm, completed the construction of Bayer’s US$ 250 million pharmaceutical plant in Berkeley, California. Also, in October 2024, the President of Mexico announced the Housing and Regularization Program, which aims to construct 1 million homes as well as grant 1 million deeds during her administration. Similarly, in October 2024, the Federal Aviation Administration (FAA) awarded US$ 970 million from the President’s Infrastructure Law to 125 airports spanning 46 US states, Guam, and Palau. It was the 4th investment of ~US$ 1 billion to rebuild the nation’s infrastructure.

The demand for fire alarm systems in various construction sectors, such as commercial and residential, is growing in North America. Insurance companies mandate the installation of fire alarm systems to reduce the risk of financial loss from fire incidents. Also, homeowners increasingly prefer IoT-enabled fire alarms that connect with other smart devices, such as mobile phones and home security systems. These alarms provide real-time notifications, even when the homeowner is away, enhancing response times.

To lower the risk of fire incidents, various market players in North America are working on the advancement of fire alarm systems. For instance, in February 2024, The Mircom Group of Companies (Mircom Group), an independent global leader in intelligent building solutions, announced the launch of its next-generation Secutron fire detection and alarm product range into the security distribution market. This next generation of Secutron products are easy to install, program, service, and operate while being technologically robust and cost-competitive. Similarly, in January 2023, Siemens introduced two new aspirating smoke detectors (ASD)—FDA261 and FDA262—catering to challenging fire safety installations that extend over massive areas. These areas include large data centers, e-commerce warehouses, or industrial manufacturing sites. A single device can cover an area of up to 6,700m2, which is currently the largest coverage area. For Class A installations with the highest sensitivity requirements, up to 2,000m2 of detection coverage is feasible with a single ASD+ detector. Thus, such developments by the market players are expected to boost the fire alarm system market in North America growth in the coming years.

Based on product type, the fire alarm system market is bifurcated into detector type, alarm type, and control panels. The detector type segment held the largest Fire Alarm System Market share in 2024. A fire detector device can detect a fire and deliver a signal to an alarm circuit. Fire detectors can be triggered by flames, heat, smoke, or any combination of these sources. Heat detectors are used in laundries and galleries. Smoke detectors are used in accommodation areas, machinery spaces, and cargo holds. A fire detection system can help save lives by alerting building occupants to the presence of a fire and allowing them to evacuate safely. Early warning alerts can notify authorized people of a potential hazard. A fire detector can help protect the building and its contents from damage by detecting a fire early and alerting the authorities for quick respond to the crisis. It is an important safety measure that can help protect assets and minimize the impact of a fire on a business or organization. The detector type segment is further sun-segmented into smoke detectors, heat detectors, flame detectors, and others.

Eaton Corp Plc, Bosch Sicherheitssysteme GmbH, Fike Corporation, Gentex Corp, Honeywell International Inc, Napco Security Technologies Inc, Schneider Electric SE, Siemens AG, Johnson Controls International Plc, Carrier Global Corp, and Mircom Technologies Ltd are among the prominent players profiled in the Fire Alarm System Market report. Several other major players were also studied and analyzed in the Fire Alarm System Market report to get a holistic view of the market and its ecosystem.

The overall Fire Alarm System Market share has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Fire Alarm System Market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Fire Alarm System Market.

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