Frost & Sullivan study IDs major trends in fire equipment market
By Brief
Updated Thu January 1, 2009
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 “grow moderately†from 2007 to 2014.
The market is likely to “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,†according to the executive summary.
Among the “major market and technology trends,†the report cites: addressable fire alarm systems “offer more value for the money and are being preferred over conventional systemsâ€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
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