Frost & Sullivan study IDs major trends in fire equipment market
PALO ALTO, Calif.--Frost & Sullivan has released a new study which identifies trends and says that revenues for the North American fire alarm equipment market are expected to Ã¢â‚¬Å“grow moderatelyÃ¢â‚¬Â from 2007 to 2014.
The market is likely to Ã¢â‚¬Å“witness favorable demand mainly due to the increasing activity in renovations and retrofits of existing buildings, as the non-residential building construction levels are not showing signs of recovery,Ã¢â‚¬Â according to the executive summary.
Among the Ã¢â‚¬Å“major market and technology trends,Ã¢â‚¬Â the report cites: addressable fire alarm systems Ã¢â‚¬Å“offer more value for the money and are being preferred over conventional systemsÃ¢â‚¬Â; proliferation of voice evacuation systems; integration of fire panels with other building systems such as lighting, HVAC, security, elevators, water management and CCTV; combination horn and speaker strobes are gaining acceptance; remote monitoring and diagnostics are a growing trend. For more information on this study, visit www.frost.com