Security Market Heats Up

Nov. 1, 2001
In the aftermath of the terrorist attacks on the World Trade Center and the Pentagon, and the new threat of widespread biological attacks across America, the demand for security services and products has taken off. Security has become the primary concern for every organization; protecting employees, customers, and assets from terrorism, sabotage, and general crime has become a new priority. A report

In the aftermath of the terrorist attacks on the World Trade Center and the Pentagon, and the new threat of widespread biological attacks across America, the demand for security services and products has taken off. Security has become the primary concern for every organization; protecting employees, customers, and assets from terrorism, sabotage, and general crime has become a new priority.

A report issued on Oct. 1 from the U.S. Secretary of Transportation's Rapid Response Team on airport security notes, “new technologies for the positive identification of passengers, airport workers, and crews, detection of explosives, and more effective passenger and baggage screening should be incorporated in airport security programs as soon as practicable.”

A task force of The Council on Tall Buildings and Urban Habitat is exploring several safety plans to increase security and awareness in tall buildings, including the following two:

  • Building systems should be designed with multiple sources and independent distribution routes to better withstand disruptions caused by extreme events.

  • There are numerous measurement, monitoring, and control systems inside and outside a building that, if integrated, could provide on-site and remote information about the building and its occupants to the appropriate authorities in the event of an attack.

Earlier this year, a study from the Cleveland-based Freedonia Group, Inc., “World Security Products & Systems,” projected the world market for security products and systems to grow nearly 9% annually through 2004 (approaching $60 billion). The study predicts the best gains will be seen for electronic security products, including closed-circuit television surveillance systems, access controls, and explosive detection devices.

As the fast-growing security market evolves, new profit opportunities should open up for electrical manufacturers, distributors, and contractors. As cold-hearted as it may seem, we must continue to push forward with our lives, grow our businesses, and help kick the economy back in gear. If we don't, then the terrorists will win.

For those of you involved in the purchase and installation of security systems, this might be just what the doctor ordered.

About the Author

Michael Eby

Mike received a B.S. degree in electrical engineering in 1986 and an M.S. degree in engineering management in 1994 from the University of South Florida. He is currently a member of the National Fire Protection Association (NFPA), Institute of Electrical and Electronics Engineers (IEEE), Association of Energy Engineers (AEE), and American Society of Heating, Refrigeration and Air-Conditioning Engineers (ASHRAE).

Prior to joining EC&M as Editor-in-Chief in September 1999, Mike served as the Executive Editor of Transmission & Distribution World magazine for five years. He currently serves as the Senior Director of Content - Buildings Group in the Infrastructure & Intelligence Division at Informa. Before joining Informa, Mike held various engineering titles within the Substation and Transmission Engineering Groups at Florida Power & Light Co., Juno Beach, FL.

Mike was awarded the Southeastern Electric Exchange (SEE) Excellence in Engineering Award in 1993 and has received numerous regional and national editorial awards for his reporting and writing work in the electrical market.

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