Fire Detection Equipment Industry Analysis, Industry Trends, Market Growth
Posted by ramtbrc on February 25th, 2022
Fire Detection Equipment Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2016-2021, and the forecast period – 2022-2026, with additional forecasts for 2026-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the fire detection equipment industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected fire detection equipment market growth numbers from 2022-2031.
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The global fire detection equipment market is expected to grow from .78 billion in 2021 to .72 billion in 2022 at a compound annual growth rate (CAGR) of 13.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The fire detection equipment market is expected to reach .46 billion in 2026 at a CAGR of 12.7%.
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The Fire Detection Equipment Global Market Report 2022-31 by The Business Research Company evaluates fire detection equipment market size, growth rate, drivers, fire detection equipment industry trends, and major companies.
The fire detection equipment market segments in the report are:
The table of contents in TBRC’s fire detection equipment market report includes:
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Joined: July 1st, 2020
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