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Fire and Smoke Detection Devices Poised for Intelligent Growth
The North American fire and smoke detection devices market continues to witness steady growth, thanks largely to new innovations in both technologies and products. These stand-alone technologies and products, now in early growth phases, will likely drive the market forward, offering considerable opportunities for industry players.
Analysis from Frost & Sullivan (http://www.buildingtechnologies.frost.com), North American Fire and Smoke Detection Devices Market, reveals that this market earned revenues of $570.2 million in 2006 and estimates to reach $707.1 million in 2013.
“The North American fire and smoke detection devices market goes through a paradigm shift from the use of conventional detection devices to addressable/intelligent detection devices,” notes Frost & Sullivan Research Analyst G.G.Hariharan. “End-user demand for intelligent systems is a driving force behind the increased focus on such addressable systems.”
Given the increasing competition in the market, industry participants should strategically position their solutions as robust, reliable and effective. Furthermore, fire detection devices manufacturers should focus on educating end users about the efficacy of intelligent systems, while coming up with tested and approved technologies.
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