Fire Alarm Systems Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The fire alarm systems market size is expected to reach US$ 58.79 billion by 2031 from US$ 35.86 billion in 2024. The market is anticipated to register a CAGR of 7.4% during 2025–2031. IoT-based fire alarms and remote monitoring systems are likely to bring new trends to the market in the coming years.

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.

To increase efficiency and provide a safer building environment, various companies are working on integrating fire alarm systems with building management systems (BMS). In addition, rising safety regulations regarding fire detection and alarm systems and the growing adoption of fire alarm systems in healthcare facilities are expected to offer numerous opportunities to the market players in the coming years. Further, the rise in technological advancements, such as the integration of IoT, video smoke detection, and remote monitoring, are expected to bring new trends to the growth of the market in the near future.

Fire Alarm Systems Market Overview

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 Alarm Systems Market: Strategic Insights

Fire Alarm Systems Market Drivers and Opportunities

Rise in Number of Safety Regulations Regarding Fire Detection and Alarm Systems

Fire-related hazards lead to loss of life and valuable assets, prompting government authorities to set strict rules and regulations regarding fire detection and alarm systems. These regulations often mandate the installation of fire detection systems in residential, commercial, and industrial buildings to ensure public safety and prevent fire-related disasters. For example, in Japan, the Fire Service Law mandates the installation of automatic fire detection systems in buildings with a floor space above a specified threshold. The UAE has implemented a new regulation mandating the installation of fire alarms in all residential buildings since January 2024. Also, the provisions of the standard for visual signaling devices in fire alarm systems, DIN EN 54-23, are legally binding in Germany. As governments and regulatory bodies are implementing stricter fire safety codes and standards, the demand for compliant fire alarm systems is increasing. Additionally, as countries push for smarter and more connected infrastructure, integrating fire alarm systems with advanced technologies such as IoT and automation becomes part of these regulations. This integration drives innovation and adoption of sophisticated fire alarm systems, contributing to the overall market growth.

Rise in Construction Activities

Countries such as Saudi Arabia, India, and France are initiating several infrastructure projects, including new railway projects, megacities, harbors, airports, and housing projects. A few of the mega-construction projects are listed below:

• Los Angeles plans to host the LA 2028 Summer Olympics. With this announcement, new facility construction began in 2023 and is expected to be completed by the first half of 2028. This vast project is focused on building housing and facilities for the participants.
• In September 2024, Saudi Arabia funded US$ 1.3 trillion in real estate construction and infrastructure projects to diversify its economy from oil, recording over a million residential units.
• In January 2025, French President Emmanuel Macron announced a new restoration and expansion project for the world's most visited museum, the Louvre in Paris.
• In January 2025, Bengaluru-based Brigade Group finalized a definitive agreement to acquire a 20-acre land parcel on Whitefield-Hoskote Road for a new residential project with an estimated gross development value (GDV) of INR 2,700 crore.

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 surging investments in the development of smart cities are projected to create lucrative opportunities for the market growth during the forecast period.

Fire Alarm Systems Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Global fire alarm systems market analysis are technology, product type, and application.

• Based on technology, the Global fire alarm systems market is bifurcated into addressable systems and conventional systems. The addressable systems segment dominated the market in 2024.
• By product type, the Global fire alarm systems market is segmented into detector type, alarm type, and control panels. The detector type segment is further segmented into smoke detectors, heat detectors, flame detectors, and others. The alarm type segment is subsegmented into audible alarms, visual alarms, and manual call-points alarms. The detector type segment held the largest share of the market in 2024.
• In terms of application, the Global fire alarm systems market is segmented into commercial, industrial, and residential. The commercial segment dominated the market in 2024.

Fire Alarm Systems Market Share Analysis by Geography

The Global fire alarm systems market is segmented into five major regions: North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. North America dominated the market in 2024.

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.

The regional trends and factors influencing the Fire Alarm Systems Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Fire Alarm Systems Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Fire Alarm Systems Market Report Scope

Fire Alarm Systems Market Players Density: Understanding Its Impact on Business Dynamics

The Fire Alarm Systems 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.

Fire Alarm Systems Market News and Recent Developments

The Global 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 Global fire alarm systems market are listed below:

• Fike Corporation, a global manufacturer and supplier of fire protection systems, announced the global FM approval of one of its latest fire detection solutions, Fike Fire Watch. FM Global recommended this portable fire watch system in its datasheet 10-3 Hot Work Management.

(Source: Fike Corporation, Press Release, October 2024)

• Honeywell launched the first fire alarm system with UL-approved self-testing smoke detectors that can be tested automatically, changing the way fire and life safety systems are installed, tested, and maintained. The NOTIFIER INSPIRE fire alarm system with Self-Test detectors is designed to help create a safer building environment by increasing facility managers' awareness of system needs while equipping service providers with digital self-testing tools that streamline maintenance and support regulatory compliance and system uptime.

(Source: LG Electronics, Press Release, March 2023)

Fire Alarm Systems Market Report Coverage and Deliverables

The "Global Fire Alarm Systems Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

• Global fire alarm systems market size and forecast at regional, and country levels for all the key market segments covered under the scope
• Global fire alarm systems market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Global fire alarm systems market analysis covering key market trends, regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Global fire alarm systems market
• Detailed company profiles