Industry Threats & Opportunities
- As the domestic construction segment continues to grow demand for industry products will steadily increase
- Unlike industrial manufacturing or commercial establishments, residential homes typically require less complex fire alarm systems
- The housing market will continue its rebound, creating a need for fire and smoke alarms... purchase to read more
Industry Analysis & Industry Trends
The Fire and Smoke Alarm Manufacturing industry, which is small and highly concentrated, is tightly connected to the downstream construction market, as most fire alarms and detectors are installed during the final stages of building construction. Improving demand from construction has allowed for steady revenue gains over the past five years. As the domestic construction segment continues to grow over the five years to 2021, demand for industry products will steadily increase, causing industry revenue to grow in tandem.
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Industry Report - Industry Products Chapter
Fire alarm control panels and associated peripherals
A fire alarm control panel (FACP) is the central controlling unit in a typical industrial or commercial fire alarm system. The FACP obtains signals from sensors that are placed throughout a building or residence; these sensors detect any evidence of fire. The FACP then monitors the signals and provides automatic control of equipment and the surrounding premises from where the signal came. There are four types of FACPs: coded panels, conventional panels, addressable panels and multiplex systems. Shipments of fire alarm control panels and integrated fire detection systems are expected to account for 54.2% of industry revenue in 2016.
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Additional Insights for the
Fire & Smoke Alarm Manufacturing
IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fire & Smoke Alarm Manufacturing Industry are Automation - reduces costs, particularly those associated with labor Having links with suppliers Production of premium goods/services
IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction and Value of residential construction in the Fire & Smoke Alarm Manufacturing industry impact industry performance... purchase to read more