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The fire detection equipment market is then expected to grow at a CAGR of 6.23% from 2025 and reach $35,951.6 million in 2030.

The market is expected to grow from $19,632.6 million in 2020 to $26,571.3 million in 2025 at a rate of 6.24%. The global fire detection equipment market reached a value of nearly $19,632.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 2.64% since 2015. Fire detectors detect smoke, flames, or fire either optically (photoelectric) or by physical process (ionization), or both. However, this equipment does not intervene in the fire suppression.Ī fire detector is an electronic device, which senses one or more phenomena resulting from fire such as smoke, heat, and flames, which produces an audible or visual warning to occupants of the building. Detection of fire is done by detecting the smoke, heat, or flames. Fire detection equipment reduces the damage caused by fire by generating warning signals (including audio or visual signals) in case of fire. The fire detection equipment market consists of sales of fire detection equipment and related services by entities (organizations, sole traders, and partnerships) that provide fire detection equipment used to warn people when the presence of fire is detected. Fire Detection Equipment Market Definition

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