The fire alarm systems market is valued at USD 36.49 billion in 2025. As per Fact.MR analysis, it will grow at a CAGR of 6.6% and reach USD 69.14 billion by 2035.

In 2024, the fire alarm systems industry recorded high activity in both mature and emerging economies, ending the year at a value marginally above USD 34.23 billion. The study discovered that strict compliance with updated fire safety codes within urban commercial areas resulted in an uptick in retrofitting contracts, particularly within North America and Western Europe. Tier-1 Asian urban skyscrapers such as Singapore, Tokyo, and Mumbai experienced rapid rollout of smart addressable systems to provide exact zone location and better coordination with emergency services.

In 2024, demand significantly rose in the industrial sector, fueled by more stringent compliance audits in oil & gas, manufacturing as well as chemical facilities. At the same time, the increasing use of cloud-integrated platforms enabled operators to take advantage of predictive warnings, which sharply decreased false alarms and downtime. Residential installations modestly expanded, with wireless and battery-powered equipment becoming popular with middle-income householders.

Key Takeaways from Market Study

• Global fire alarm systems market to reach US$ 69.14 billion by 2035.
• Addressable fire alarm systems segment to dominate due to cost-effective installation.
• Market in North America to record a CAGR of 6.8% over the forecast period of 2025-2035.
• Market in China forecast to reach a valuation of US$ 4.2 billion by 2035.

“Technological advancements in fire detection, such as IoT and AI integration, combined with stringent safety regulations, are significantly propelling the fire alarm systems market forward,” says a Fact.MR analyst.

Winning Strategy

Key market players are investing heavily in research and development to introduce innovative fire alarm solutions tailored to diverse applications. Companies are focusing on smart, cloud-connected, and AI-powered systems to reduce false alarms and enhance efficiency. Strategic partnerships and product expansions are also critical to gaining market share in emerging economies.

For instance:

• In 2024, Honeywell launched a cloud-connected fire alarm system with AI-based false alarm detection and automated diagnostics, reducing service costs
• Siemens introduced an integrated fire and voice evacuation system in 2024, targeting high-density public facilities like stadiums and airports.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global fire alarm systems market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032. The study provides essential insights based on system type (conventional fire alarm systems, addressable fire alarm systems), application (commercial, industrial, residential), and across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

Key Companies Profiled

• Honeywell International Inc.
• Siemens AG
• Johnson Controls
• Bosch Security Systems
• Robert Bosch GmbH
• Apollo Fire Detectors Ltd

Industry News

• In March 2023, Honeywell introduced a fire alarm system with UL-approved self-testing smoke detectors, revolutionizing system maintenance and installation processes.
• In April 2024, Comelit-PAC launched a new wireless fire detection series, ideal for areas where wired solutions are impractical.

Explore More Related Studies Published by Fact.MR Research

The global surgical equipment market stands at US$ 16.7 billion in 2023 and is forecasted to expand at an impressive 8.6% CAGR over the next ten years to reach US$ 38.1 billion in revenue by 2033-end.

The global automotive smart display market is expected to reach USD 18.2 billion by 2035, up from USD 8.2 billion in 2024. During the forecast period, the industry is projected to grow at a CAGR of 7.8%. Rising demand

The global polymerase chain reaction market size is expected to attain a valuation of US$ 6.2 billion in 2024. Projected to expand at a CAGR of 10%, worldwide sales of polymerase chain reaction products are foreseen to reach US$ 16 billion by 2034.

The global Isoprenol Market was valued at USD 337.7 million in 2024 and expand at a CAGR of 6.5% to end up at USD 675.0 million by 2035.

Global consumption of metallocene polyolefin is set to reach US$ 13.77 billion in 2022, and the market is expected to expand rapidly at a high CAGR of 9.5% to reach a market valuation of US$ 34.16 billion by the end of 2032.

The global steel pipe coatings market is estimated to be valued at US$ 8.8 billion in 2023 and it is expected to grow at a CAGR of 4.7% to reach US$ 14.0 billion by the end of 2033.

About Fact.MR

We are a trusted research partner of 80% of Fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog