United Kingdom Fire Detection System Market to Grow at a CAGR of 6.34% through 2027

Increasing urbanization and smart city adoption by the UK cities are driving the growth of United Kingdom Fire Detection System Market in the forecast period, 2023F-2027.

According to TechSci Research report, “United Kingdom Fire Detection System Market Segmented By Type (Alarms, Detectors and Display Panels), By End User (Industrial, Commercial, Residential and Others {Airport, Railway Station}), By Region, Competition Forecast & Opportunities, 2017-2027”, the United Kingdom fire detection system market is anticipated to grow at a CAGR of 6.34% from 2022E-2027F, to reach USD1483.90 million by 2027F. Ongoing industrialization and urbanization and the high-end investments for the development of advanced fire detection systems are the key factors driving the growth of the United Kingdom fire detection system market.

Rapid urbanization is fueling the need to construct residential, commercial, and industrial buildings to accommodate the needs of the growing population in the cities. Construction of standard buildings requires the set-up of an advanced fire detection system to provide a quality experience to its residents. Also, government authorities are launching initiatives to transform the real-estate infrastructure into sustainable and energy-efficient buildings. European Commission has introduced a mission to achieve net-zero emission in buildings by 2030, which is expected to significantly impact the growth of the United Kingdom fire detection market. The government is focusing on developing greenfield projects and investing in upgrading the existing infrastructure into an advanced system.

The commencement of Industry 4.0 due to the rapid adoption of advanced technologies and the need to increase productivity without fueling maintenance and operation costs is expected to accelerate the construction activities in the United Kingdom. With the growing industrial development, the demand for fire detection systems is expected to accelerate in the forecast period.

However, the high installation cost of fire detection systems may restrain the market growth in the forecast period.

Browse over 21 market data Figures spread through 92 Pages and an in-depth TOC on "United Kingdom Fire Detection System Market"
https://www.techsciresearch.com/report/united-kingdom-fire-detection-system-market/8284.html

United Kingdom fire detection system market is segmented into type, end user, company, and regional distribution.

Based on the end user, the market is divided into industrial, commercial, residential, and others. Commercial sector dominated the market in 2021, with a market share of 38.87%, and are expected to maintain their dominance throughout the forecast period, 2023-2027. Commercial buildings of prominent industry verticals, including BFSI, retail, healthcare, telecommunication, educational institutions, and other buildings are actively installing fire detection systems as a preventive measure. Owners of the buildings prefer to install a fire detection system to avoid the loss of finance, life, and property and secure the infrastructure from getting affected by the fire. With the boost in the economic activity and the support from the government, construction of commercial buildings is expected to grow at a rapid rate which is expected to create lucrative growth opportunities for the United Kingdom fire detection market in the forecast period.

On the basis of regional distribution, England led the market in 2021 by capturing a market share of 84.76% and is also expected to hold the largest market share for the next five years. The construction of new buildings and other properties fuel the demand for fire detection systems. Also, strict government regulations emphasizing the need to ensure the safety of building residents influence the high sales of fire detection systems.

Major market players operating in the United Kingdom fire detection system market are:

  • Halma plc       
  • Hochiki Europe (UK) Ltd
  • Johnson Controls UK&I
  • Nittan Europe Limited
  • Siemen’s plc
  • Eaton Corporation plc
  • Honeywell International Inc
  • Bosch UK Holdings Ltd
  • Gentex Corporation
  • SDS Security Ltd

Download Sample Report@ 
https://www.techsciresearch.com/sample-report.aspx?cid=8284

Customers can also request for 10% free customization on this report.

“The United Kingdom is witnessing a digital revolution by making high-end investments and launching plans focusing on the construction of smart cities in the country. Glasgow, Birmingham, Belfast, Hull, Bristol, London, Milton Keynes, Manchester, Peterborough are some of the cities undergoing transforming and adopting advanced technologies to enhance the quality of life of people. The buildings in these cities have higher efficiency and safety as they use real-time data to provide quality service to residents and are equipped with quality products. With the growing construction of smart buildings, the demand for advanced fire detection systems is expected to grow due to their life-saving properties. The rise in the number of advanced facilities and expanding expenditure capacity of consumers is expected to propel the United Kingdom fire detection system market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“United Kingdom Fire Detection System Market Segmented by Type (Alarms, Detectors and Display Panels), By End User (Industrial, Commercial, Residential and Others {Airport, Railway Station}), By Region, Competition Forecast & Opportunities, 2017-2027”, has evaluated the future growth potential of United Kingdom fire detection system market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United Kingdom fire detection system market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Web:  https://www.techsciresearch.com

Comments

Post a Comment

Popular posts from this blog

Defense Cyber Security Market 2028 By Trends, Share, Growth and Demand Forecast

Image
Growing severity of cyber-attacks on military/government organizations and increasing government initiatives to secure critical data  are a major factor attributable to the growth of the market. According to TechSci Research report, “ Global Defense Cyber Security Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028” . The Global  Defense Cyber Security is anticipated to project robust growth in the forecast period with a CAGR of  13.06% through 2028, Various governments across the world are looking to adopt cybersecurity automation solutions for their military applications by concentrating on reducing operating expenditures (OPEX) while maintaining adequate measures against cyberthreats. Further, with the increasing dependency of military organizations on the internet network, the frequency and sophistication of cyberattacks are on the rise. To counter all these vulnerabilities, there is a major focus on adopting cyber security solutions in the defens
Read more

VOIP Services Market Analysis and Future Growth, Forecast 2029

Image
Rising Adoption of unified communication solutions and increasing globalization and cross-border business operations are likely to drive the Market in the forecast period. According to TechSci Research report, “ VOIP Services Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, the Global VOIP Services Market is experiencing a surge in demand in the forecast period. A prominent driver propelling the global Voice over Internet Protocol (VoIP) services market is the compelling combination of cost efficiency and scalability. Unlike traditional telephony systems, VoIP leverages existing internet infrastructure, minimizing the need for dedicated phone lines and associated maintenance costs. This results in significant cost savings for businesses and individuals, especially in long-distance and international communications, making VoIP an economically attractive alternative. Furthermore, the scalability inherent in VoIP services is instrumental in
Read more

Unmanned Surface Vehicle (USV) Market Outlook 2029 By Demand, Share, Revenue Analysis

Image
The major drivers for the Global Unmanned Surface Vehicle USV Market include increasing demand for cost-effective and fuel-efficient personal aviation solutions, coupled with advancements in lightweight materials and avionics technologies. According to TechSci Research report, “ Global Unmanned Surface Vehicle USV Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029 ”, the Global Unmanned Surface Vehicle USV Market stood at USD 2.41 billion in 2023 and is anticipated to grow with a CAGR of 4.61% in the forecast period, 2025-2029. The global Unmanned Surface Vehicle (USV) market is currently witnessing an unprecedented surge in growth, fueled by a rising need for enhanced maritime security, comprehensive environmental monitoring, and in-depth oceanographic studies. This surge in demand has acted as a catalyst, driving the development and deployment of highly advanced USVs that leverage cutting-edge technologies such as artificial intelligence and machin
Read more