Commercial Fire Safety Market to Hit $35B by 2030

Fire safety and security detection systems are mandatory in all commercial buildings, with stricter regulations for critical infrastructure like clean labs, data centers, and hospitals. These systems typically feature a centralized control panel linked to smoke/heat detectors, alarms, and other triggers to alert authorities or activate emergency protocols. According to global technology intelligence firm ABI Research, shipments of fire safety systems (control panels, alarms, and detectors) are expected to grow from 133 million units in 2024 to 223 million by 2030, with a CAGR of 7.6%. Smoke and fire detection systems comprise 56% of these shipments, followed by alarms and control panels.

Fire safety standards and building codes vary by country and sector, with a focus on protecting life, property, and business throughout a building’s lifecycle. “There are two main types of fire alarm systems: conventional and addressable. Conventional systems, based on analog technology, are used in small to medium-sized buildings like restaurants and retail stores. Addressable systems, with built-in fault detection, pinpoint the fire’s location, improving response times and reliability. These customizable, scalable systems are ideal for medium-to-large commercial buildings in sectors such as healthcare, education, hospitality, and industry,” explains Rithika Thomas, Smart Buildings Senior Analyst at ABI Research.

According to Thomas, “Fire safety and detection is a fragmented mature market with stable growth, led by established and reputed smart building technology companies such as ABB, Halma, Honeywell, Johnson Control, Siemens, and Schneider Electric who represent over half of the market share through in-house capabilities, recent acquisitions, or third-party partnerships catering to vertical and regional specificities. Newer hardware models are equipped with real-time monitoring and remote sensing capabilities for testing and predictive maintenance with cloud connectivity to prevent unnecessary disturbance to building occupants.”

Noteworthy acquisitions include Siemens joining forces with Danfoss’s high-pressure water mist and low-pressure Carbon Dioxide (CO2) systems to expand Siemens’ portfolio for advanced use cases such as data centers, leveraging Danfoss’ expertise in non-polluting extinguishing systems with a lower environmental footprint. Compliance Group, a leading provider of integrated life safety and compliance services, acquired Abbot Fire Group to expand its capabilities and cater to multiple building verticals.

The rise of digitalized building portfolios with enhanced safety features, proactive maintenance, and ongoing risk assessment is creating a golden opportunity for fire safety and detection in commercial buildings. “Advancements in hardware and software technologies will further support cross-platform utilization for integrators and seamless compatibility with BMS systems to enhance building safety and efficiency. Retrofitting and upgrading existing buildings to code in North America and Western Europe will represent a major opportunity in the coming years. At the same time, Asia Pacific is a high-growth area for new and retrofit builds,” Thomas concludes.

These findings are from ABI Research’s Perimeter Security, Fire Safety, and Indoor Sensing for Commercial Buildings market data report. This report is part of the company’s Smart Buildings research service, which includes research, data, and ABI Insights.

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