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.
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 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-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.
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:
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.
Key segments that contributed to the derivation of the Global fire alarm systems market analysis are technology, product type, and application.
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 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.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 35.86 Billion |
| Market Size by 2031 | US$ 58.79 Billion |
| Global CAGR (2025 - 2031) | 7.4% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Fire Alarm Systems Market 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.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Fire Alarm Systems Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
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:
(Source: Fike Corporation, Press Release, October 2024)
(Source: LG Electronics, Press Release, March 2023)
The "Global Fire Alarm Systems Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The fire alarm system market was valued at US$ 35.86 billion in 2024 and is expected to grow at a CAGR of 7.4% during 2025–2031.
IoT-based fire alarm and remote monitoring systems is the future trends of the fire alarm system market.
Surge in fire incidents and rising safety regulations regarding fire detection and alarm systems are the driving factors impacting the fire alarm system market.
The key players, holding majority shares, in fire alarm system market includes Siemens, Carrier, Johnson Controls, Honeywell International Inc, and Robert Bosch GmbH.
The fire alarm system market is expected to reach US$ 58.79 billion in the year 2031.
The North America held the largest market share in 2024, followed by Europe and APAC.