The European fire sensors and detectors market was valued at $612.7 million in 2014, and is expected to grow at CAGR 11.3% from 2014 to 2019.
Browse through the TOC of European Fire Sensors and Detectors Market for an analysis of industry trends, segments & forecasts.

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In 2014, the European fire sensors and detectors market was dominated by Bosch Security Systems, Tyco International Ltd., United Technologies Corporation (UTC), Siemens, London Security, and Johnson Controls. Siemens has been a market leader with its innovative and cutting-edge technological developments. The company’s strong and diverse portfolio along with its brand name has helped Siemens maintain its position in the market.

Tyco is also one of the major players in the European fire sensor and detectors market. Over the past few years, the company has been focusing on developing high performance products and design, install, maintain, and upgrade fire sensor and detectors as per customer demand. The company follows local and international fire code standards and provides critical fire detection solutions for a broad range of customers, including local rail networks, global retailers, national banks & financial institutions, universities & public school facilities, government organizations, hospitals & healthcare facilities, mining operations, and malls & stadiums, among others.

Companies such as UTC, Bosch Security Systems, and London security are consolidating their presence in market with the help of merger & acquisition, investments, expansions, new product launches. Other companies such as Johnson Controls, Inc. have been focusing more on customer requirements and innovation.

The European fire sensors and detectors market is estimated to grow at a CAGR of 11.3% from 2014 to 2019. This market has been witnessing rapid growth in several industry verticals, such as manufacturing, transportation, oil, gas, and consumer goods. The U.K. was the largest market for fire sensors and detectors in 2014. The key factor responsible for this growth is the implementation of system up-gradation projects that have been undertaken due to old devices. As per the new European Fire Safety Regulations, the maximum life-cycle of fire sensors and detectors is 10 years. Other key drivers fuelling the growth of the European fire sensors and detectors market are new construction and building modernization taking place in the region.

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