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Fire Alarm Systems Market Analysis and Forecast by Size, Share, Growth, Trends 2031
Fire Alarm System
Fire Alarm Systems Market Analysis
The fire alarm system market is predicted to witness significant growth during the forecast period owing to the rising number of fire incidents. For example, as per the National Fire Protection Association (NFPA), local fire departments responded to ~1.5 million fires in the US in 2022. These incidents resulted in 3,790 civilian deaths and 13,250 documented civilian fire injuries. The projected property damage from these fires was US$ 18 billion. Due to rising fire incidents, governments of several countries are implementing strict initiatives to install fire alarm systems in residential, commercial, and industrial settings, which is boosting the market growth.
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Market leaders and key company profiles:
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
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