The US Fire Alarm System Contractor Market size is expected to reach US$ 2.43 billion by 2031 from US$ 1.49 billion in 2023. The market is anticipated to record a CAGR of 6.3% 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 US Fire Alarm System Contractor 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 US government 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 US Fire Alarm System Contractor 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.
The fire detection and alarm system must be arranged and installed in a way that the presence of a fire in any of the protected spaces will be automatically registered visibly and audibly in the pilothouse or fire control station. The visible notice must indicate the zone where the alarm originated. On vessels of more than 150 feet (45.72m), there must also be an audible alarm in the engine room.
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. Therefore, the rise in the number of safety regulations regarding fire detection and alarm systems boosts the growth of the US Fire Alarm System Contractor Market.
The US has the world’s largest market for commercial property, according to the International Monetary Fund. In addition, 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. A few of the mega-construction projects are listed below:
The demand for fire alarm systems is expected to continue growing in the near future, as these systems help detect and warn people about the presence of fire or smoke in a building or any other enclosed spaces. Thus, the rise in construction activities is expected to create lucrative opportunities for the US Fire Alarm System Contractor Market growth during the forecast period.
Key segments that contributed to the derivation of the US Fire Alarm System Contractor Market analysis are technology, product type, and application.
The US is witnessing tremendous growth in its construction industry. According to the US Census Bureau, as of August 2024, the residential construction spending of the US was ~US$ 911,429 million, and the nonresidential construction spending was US$ 1,220,507 million. Such growth in the construction industry is expected to raise the demand for fire alarm systems as it helps provide faster response times from emergency services, detect fire in isolated areas, help in better planning in case of a necessary evacuation, meet regional health and safety codes, and keep essential operational assets safe. In addition, the country is witnessing a rise in the number of fire incidents. As per the National Fire Protection Association (NFPA), in 2022, local fire departments in the US responded to ~1.5 million fires. These incidents resulted in 3,790 civilian fire deaths and 13,250 civilian fire injuries. Also, the property damage caused by these fires was anticipated at US$ 18 billion. Also, in 2022, a fire department responded to a fire somewhere in the US once every 21 seconds. A house structure fire was reported every 88 seconds, a home fire death every three hours and fourteen minutes, and a home fire injury every 53 minutes. Further, 522,500 fires, or 35% of the total number of fires, started in or on structures. Also, 25% of the fires happened in residing properties, including one- or two-family homes, apartments, or other multifamily structures. Thus, the rise in the number of fire incidents in the US is boosting the demand for fire alarm systems.
The regional trends and factors influencing the US Fire Alarm System Contractor Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses US Fire Alarm System Contractor 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$ 1.49 Billion |
| Market Size by 2031 | US$ 2.43 Billion |
| Global CAGR (2023 - 2031) | 6.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | US
|
| Market leaders and key company profiles |
The US Fire Alarm System Contractor 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 US Fire Alarm System Contractor Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The US Fire Alarm System Contractor 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 US Fire Alarm System Contractor Market are listed below:
The "US Fire Alarm System Contractor Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The List of Companies - US Fire Alarm System Contractor Market
The market is expected to reach a value of US$ 2.4 billion by 2031.
Emcor Group Inc, Cintas Corp, Convergint Technologies LLC, Johnson Controls International Plc, and Western States Fire Protection are major players in the market.
IoT-based fire alarm and remote monitoring systems is a key trend in the market.
Surge in fire incidents and rise in number of safety regulations regarding fire detection & alarm systems are driving the market growth.
The market is anticipated to expand at a CAGR of 6.3% during 2023-2031.