Five Point Capital, World Fire Alarm Equipment Market to Top $4.2 Billion by 2010, According to New Report by Global Industry Analysts, Inc.<br><br><br><br> San Jose, California (PRWEB) July 16, 2007 -- A new report on fire
alarm equipment has been released by Global Industry Analysts, Inc.
"Fire Alarm Equipment: A Global Strategic Business Report" presents
detailed analyses and coverage of the US, Canadian, Japanese, European
(including French, German, Italian, UK, Spanish, Russian, and Rest of
Europe), Asia-Pacific, Latin American, and Middle East markets. <p>
</p><p>
Product segments independently analyzed for the above mentioned
regions/countries include Fire Alarm Panels (Conventional Panels,
Addressable Panels, and Voice Evacuation Systems), and Fire Alarm
Devices (Annunciators, Notification Devices, and Manual Pull Stations).
In addition, the report also provides a vertical end use analysis for
Office/commercial, Educational, Hospital, Industrial, and Other End Use
Segments for the US market. The report covers major trends and issues
pertaining to the Fire Alarm Equipment market on global as well as
regional basis.</p><p>
</p><p>
Fire alarm equipment market ()
can be broadly classified into two segments - fire alarm panels and
fire alarm devices. Of the two segments, fire alarm panels market ()
that include conventional panels, addressable panels, and voice
evacuation systems has emerged as the larger segment gaining share from
fire alarm devices market ()
over the years. Fire alarm panels market is estimated to exceed US$2
billion by the end of 2007. Addressable panels market continues to be
the largest contributor to the fire alarm panels segment, driven by
higher prices and technological competence. The trend is likely to
continue over the upcoming years. Fire alarm devices market that
includes annunciators, notification devices, and manual pull stations
is projected to reach US$1.8 billion by 2010. Within fire alarm
devices, notification devices market represents the largest, while
manual pull stations market forms the fastest growing segment.</p><p>
</p><p>
Growth in the developed world is primarily led by renovation activities
and adoption of new building and fire safety codes. In the developing
countries, new construction activity is the key growth driver. Majority
of the demand for fire alarm systems stems from building renovation
activity. Moreover, many buildings that were constructed prior to
revised building codes have no alarm systems. Thus, building renovation
represents a huge potential for fire alarm equipment market growth.</p><p>
</p><p>
As installation of fire alarm equipment is a pre-requisite but not an
alternative, the industry has historically been an even market
exemplified by slow growth and conservativeness in new technology
adoption. In recent years, however, the market has seen the
introduction of high-tech products that are not only efficient but also
faster. Changing end-user requirements and a greater need to minimize
false alarms have resulted in advanced products that incorporate
multi-sensor technologies. The worldwide fire alarm equipment market is
highly competitive and price represents the key factor among the
players in the market.</p><p>
</p><p>
Demand for fire alarm equipment is highly price elastic, forcing
manufacturers to produce high quality products and offer them at low
prices. While established majors can manage price pressures by
offsetting lower earnings through products that provide higher profits,
small players would face challenges to remain competitive. Using an
ideal mix of mechanism is likely to trim down production costs and
offer products at reduced prices. Leading players in the global fire
alarm equipment market include Bosch Security Systems Inc, Cooper
Wheelock, Fenwal Controls of Japan Ltd, GE Infrastructure, Security,
Gentex Corporation, Hochiki Corporation, Honeywell International Inc,
Matsushita Electric Works Limited, Napco Security Company Inc., Nittan
Company Limited, Nohmi Bosai Ltd, RSG Security Inc., Siemens
Switzerland Ltd Building Technologies Group, Signal Communications
Corporation, Spaceage Electronics Inc, Spectronics Corporation, Tyco
Fire & Security, and WSA Fire Systems.</p><p>
</p><p>
Authorities in the majority of developed countries such as the US,
Canada, and Japan have amended their standard building codes. The
revised codes mandate the installations of fire alarm equipment in all
office/commercial, manufacturing site, and educational and
entertainment buildings. The development is directly related to the
secular trends in overall market for fire alarm equipment. Buildings
under renovation are also included in the amended regime, resulting in
further growth of the market. ADA (American with Disabilities Act), the
latest act for the safety and security of disabled citizen also
mandates the installation of visual devices (strobes) to alert the
hearing-impaired in such a rescue situation.</p><p>
</p><p>
For more details about this research report, please visit </p><p>
</p><p>
About Global Industry Analysts, Inc.</p><p>
Global Industry Analysts, Inc., (GIA) ()
is a reputed publisher of off-the-shelf market research. Founded in
1987, the company is globally recognized as one of the world's largest
market research publishers. The company employs more than 700 people
worldwide and publishes more than 880 full-scale research reports each
year. Additionally, the company also offers a range of more than 60,000
smaller research products including company reports, market trend
reports and industry reports encompassing all major industries
worldwide. </p><p>
</p><p>
Global Industry Analysts, Inc.</p><p>
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