The North America and MEA fire alarm systems market size is expected to reach US$ 22.81 billion by 2031 from US$ 13.63 billion in 2023. The market is anticipated to record a CAGR of 6.6% from 2023 to 2031. IoT-based fire alarms and remote monitoring systems are likely to bring new trends to the market in the coming years.
The North America and MEA fire alarm system market is predicted to witness significant growth during the forecast period owing to the rising number of fire incidents. In 2022, local fire departments responded to approximately 1.5 million fires in the US, according to the National Fire Protection Association (NFPA). 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 these rising fire incidents, the government of the US is taking various strict initiatives to install fire alarm systems in residential, commercial, and industrial settings, which is boosting the growth of the market.
To increase efficiency and provide a safer building environment, various companies are working on integrating fire alarm systems with building management systems (BMS), which is likely to create an opportunity for the market growth during the forecast period. In addition, the growing number of construction projects in the country is expected to offer numerous opportunities to the market players in the coming years. Furthermore, the growing adoption of fire alarm systems in healthcare facilities is expected to fuel the market growth in the forecasted period. Moreover, the rise in technological advancements, such as the integration of IoT, video smoke detection, and remote monitoring, are expected to bolster the North America and MEA fire alarm system market in the near future.
Fire alarms are usually installed in fire alarm systems to provide zonal coverage for residential and commercial properties. The warning signal might consist of a loud siren/bell, a flashing light, or both. A few fire alarm systems provide extra warnings, such as a voice message or a phone call. Most advanced fire alarm systems employ wireless technology and smart devices to protect as well as manage automated buildings via a remote control panel; for example, a mobile app that can be downloaded, installed, and maintained on a smartphone.
Fire-related hazards are severe and lead to loss of life and valuable assets. As a result, the US government has set various strict rules and regulations regarding fire detection and alarm systems. The design, manufacturing, installation, and operation of fire detection and alarm systems must be in accordance with either Sections 76.27-5 through 76.27-35 or SOLAS Chapter II-2, Regulation 7, and FSS Code Chapter 9, according to the Code of Federal Regulations.
In addition to these rules, under Section 76.27-15, heat detectors must not be rated lower and higher than 130°F (54°C) and 172°F (78°C), respectively. The operating temperature of heat detectors located in spaces of high normal ambient temperatures must be up to 260°F (130°C). Also, the operating temperatures of heat detectors in saunas might be up to 284°F (140°C). In addition, the required sensitivity and other performance criteria of detectors must be set forth in 46 CFR 161.002. Further, according to Section 76.27-20, audible alarms must generate sound pressure levels set forth in 46 CFR 161.002. Similarly, the UAE has taken a significant step toward enhancing residential safety by implementing a new regulation mandating the installation of fire alarms in all residential buildings since January 2024. This regulation supports the nation's commitment to ensuring the safety and well-being of its residents. Also, the South African Bureau of Standards (SABS) published a revised version of “SANS 10139, code of practice for design, installation, commissioning, and maintenance of fire detection and alarm systems in non-domestic premises,” which aligns South Africa’s fire safety standards similar to other countries. Therefore, the rise in the number of safety regulations regarding fire detection and alarm systems boosts the growth of the North America and MEA fire alarm system market.
The US has the world’s largest market for commercial property, according to the International Monetary Fund. The surging investments in the development of smart city initiatives are likely to fuel the growth of the construction industry in the country in the coming years. Also, the construction industry in the MEA is growing significantly. Saudi Arabia, the UAE, Oman, and Egypt are initiating several infrastructure projects, including new railway projects, megacities, harbors, airports, and housing projects, among others. A few of the mega-construction projects are listed below:
Fire alarm systems help detect and warn people about the presence of fire or smoke in a building or any other enclosed space. Thus, the rise in construction activities is expected to create lucrative opportunities for the North America and MEA fire alarm system market growth during the forecast period.
Key segments that contributed to the derivation of the North America and MEA fire alarm systems market analysis are technology, product type, and application.
The North America and MEA fire alarm systems market is segmented into two major regions: North America and the Middle East & Africa (MEA). North America dominated the market in 2023.
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. Such growing construction activities in the region are expected to fuel the market growth in the coming years.
The regional trends and factors influencing the North America and MEA Fire Alarm Systems Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses North America and MEA Fire Alarm Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 13.63 Billion |
| Market Size by 2031 | US$ 22.81 Billion |
| Global CAGR (2023 - 2031) | 6.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The North America and MEA Fire Alarm Systems Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the North America and MEA Fire Alarm Systems Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The North America and MEA fire alarm systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the North America and MEA fire alarm systems market are listed below:
(Source: Fike Corporation, Press Release, October 2024)
(Source: LG Electronics, Press Release, March 2023)
The "North America and MEA Fire Alarm Systems Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
North America is anticipated to grow at the fastest CAGR over the forecast period.
The addressable systems segment led the North America and MEA fire alarm system market with a significant share in 2023.
The North America and MEA fire alarm system market is expected to reach US$ 22.81 billion by 2031.
The North America and MEA fire alarm system market was estimated to be valued at US$ 13.63 billion in 2023 and is anticipated to grow at a CAGR of 6.6% over the forecast period.
Rise in technological advancements in fire alarm systems is expected to propel the growth of the market in the coming years.
Surge in fire incidents and rise in number of safety regulations regarding fire detection and alarm systems drives the North America and MEA fire alarm system market.
The key players operating in the North America and MEA fire alarm system market include 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.