Fire Alarm And Detection Market Estimated At USD 56.06 Billion By 2030
San Francisco, 12 May 2022: The Report Fire Alarm And Detection Market Size, Share & Trends Analysis Report By Product (Fire Detectors, Fire Alarms), By Fire Detector Type, By Fire Alarm Type, By Application, By Region, And Segment Forecasts, 2022 - 2030 The global fire alarm and detection market size is expected to reach USD 56.06 billion by 2030, registering a CAGR of 7.2% from 2022 to 2030, according to a study conducted by Grand View Research, Inc. The market is gaining prominence, more so amidst the COVID-19 pandemic that hit the world economy in 2020, with businesses shifting to remote working models. The demand for residential fire safety witnessed a rise, with people spending extended hours working from home. The global demand continues to witness growth over the next seven years. While the pandemic created a few lucrative opportunities for the Original Equipment Manufacturers (OEMs), awareness about the safety and security of assets in the commercial sector also incre