Fire detection to reach $707m. by 2013
A new Frost and Sullivan report released today says there will be steady growth in the North American fire and smoke detection devices market. Revenues, which the report estimates to be $570.2 million in 2006, will reach $707.1 million in 2013. The report says Increased use of addressable systems and IP-based will contribute growth in the market, while the "regulated procedures" that take considerable time, such as getting approvals from U.L. "remain a critical restraint to the entry of these new technologies."