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1.1 Presentation and market definition

  • Download Report. Journal 2236 - Patents Office.
  • DOWNLOAD PDF (1.7MB) Share Embed Donate. Report this link. Short Description 1 Nummer 03/15 14 januari 20152 Nummer 03/ januari 2015 Inleiding Hoofdblad Het Blad de.

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The fire safety systems include products related to both detection and to shutdown (automatic or manual) of a fire and to the audible and luminous smoke signalling. Among the most well-known systems, we find the fire extinguishers and the smoke detectors. This study covers the fire detector solely.

A fire saftey system device detects anomalies in the air related to smoke or fire. The device is installed in the roof in all types of properties including commercial, residential, industrial etc.

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The global fire detector is in full growth and is expected to grow at a CAGR of 8.5% until 2027. This growth comes amid stringent consumer adherence to saftey, an increase in consumer spending, and regulation. In France, the latter has proved partcularily important for this market.

Indeed, since 2015 it is mandatory for all residentials properties in France to have a fire detector installed. Thus, the penetration rate is high with some 89% of households now having a device installed, compared to an equivalent figure in 2012 of 27%. The market is strongly dependant on constructions as a key revenue driver; in 2020 and in light of COVID-19, there has been a temporary plummet of activity and hence industry revenue overall. Nevertheless, this effect looks short term only.

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Going forward, connected systems will prevail in France, as they permit the user to have full control of both the type of fire and also its' location. Players should position themselves in this category in order to come out as market leaders.