Market for Fire Alarm Systems Improving
Local, state, and federal building codes are the primary drivers indicating a rising demand for fire alarm panels in commercial and industrial buildings, according to a new study by Frost & Sullivan, San Jose, Calif.
In its North American Fire Alarm Panel Markets analysis, the company reveals the country's economic environment has helped the industry gain the financial resources necessary to renovate existing fire alarm systems. The industry, which comprises conventional, addressable, and voice-evacuation panels, generated revenues of $356 million in 2000. The report also projects that number will top $520 million by 2007.
“As long as the economy supports strong construction and building improvements, fire alarm companies will prosper,” says Christina Navarro, Frost & Sullivan industry analyst. “As building codes are revised and standardized, their adoption and application encourages enhanced applications in both new construction and retrofit jobs.”
The study analyzes the current state of these markets by studying industry drivers and restraints, estimating their impact on the market. It provides customer and pricing trends, and identifies the challenges companies will face in the future.
Want to use this article? Click here for options!
© 2012 Penton Business Media, Inc.
Latest Articles
Labeling tool
Feb 10, 2012 7:58 AM
Emergency lighting controls
Feb 9, 2012 8:40 AM
Cupertino Electric Sponsors Construction Industry Academic Competition
Feb 8, 2012 4:14 PM
Trending Articles
Acceptable Use Policy blog comments powered by Disqus
advertisement
product spotlight
Labeling tool
Feb 10, 2012 7:58 AM
The Rhino 4200 labeling tool features one-touch “hot keys” that quickly create and format wire/cable wraps, flags, fixed-length labels and more...
View all 2012 Product Spotlights
Free Product Info
Our Product Information site is the ultimate online resource for products and services offered by Advertisers featured in our Magazine. This service is provided as a quick and easy way to request Product Information online. Get FREE product information now.



































