Fire & Smoke Alarm Manufacturing in the US - Industry Market Research Report

Fire & Smoke Alarm Manufacturing in the US - Industry Market Research Report
Fire & Smoke Alarm Manufacturing in the US

The Fire and Smoke Alarm Manufacturing industry manufactures fire detection and alarm systems. Demand for industry products is primarily driven by new nonresidential building activity, and to a lesser extent, retrofitting of existing commercial facilities and aftermarket sales of replacement fire alarm components and devices. Over the five years to 2023, industry revenue will decline at CAGR of 1.2% to reach $1.4 billion in 2023, when revenue is set to decline 0.9%. Industry decline has been largely driven by tepid residential construction and industrial activity. A decline in nonresidential construction during the period, mainly due to the COVID-19 pandemic, has had a negative effect on the industry, contributing to lower profit. Competition from foreign producers has created an additional challenge for domestic operators.

This industry manufactures fire alarm equipment used for detection in commercial spaces and households.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.