Mumbai, Maharashtra, India
The fundamental need to protect life and property from fire, together with the demand for retrofits and equipment upgrades are among the major growth drivers in the European fire detection systems market. These positive trends are being bolstered by decreasing prices for advanced, intelligent addressable systems, and continuous efforts from manufacturers and installers to meet stringent regulations.
Frost & Sullivan (http://www.buildingtechnologies.frost.com) finds that the European Fire Detection Equipment Market earned revenues of $1.76 billion in 2005 and estimates this to reach $2.23 billion in 2012.
The basic requirement of protecting life and property remains a critical factor influencing product development in the European fire detection equipment industry. At the same time, changing regulations have also compelled manufacturers to evolve and innovate.
"Growing urbanisation has made it mandatory to take into account the potential threat from fire, making fire detection equipment an integral part of any building," says Frost & Sullivan Research Analyst Archana Rao. "Moreover, strict regulations combined with increased benefits are pushing the uptake of intelligent technology such as addressable systems, among end users." However, low growth, limited differentiation and intense competition are forcing companies to compete in terms of prices. This, in turn, is eroding profit margins.
"The market is increasingly price driven with companies continuously looking for ways to cut down costs in order to stay competitive," explains Ms. Rao. "Companies need to involve themselves in continuous market-driven product and technology innovations in order to gain the advantage."
Success in the future will depend on the ability of manufacturers to build strong relationships with resellers and improve on support services. Consolidation will be a key strategy that will offer immediate benefits such as an expanded product portfolio, increased market share or easier penetration into new markets.
If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the latest analysis of the European Fire Detection Equipment Market, send an e-mail to Samantha Unnikrishnan, Corporate Communications, at sunnikrishnan@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information through email upon receipt of the above information.
European Fire Detection Equipment Market is part of the Building Management Technologies Subscription, which also includes research in the following markets: European Industrial and Commercial Security Product and Systems Markets, Opportunities and Strategies in the I&C Security Market by Vertical End-User Sector, European Building Management & Control Systems - Products Markets, Forecasts by Vertical End-User Sector in the European I&C Security Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics and demographics. For more information, visit www.frost.com.
Samantha Unnikrishnan, Corporate Communications - South Asia & Middle East, Frost & Sullivan, + 91 (044) 4204 4667 sunnikrishnan@frost.com
Chiara Carella, Corporate Communications - Europe, Frost & Sullivan, + 44 (0) 20 7343 8314 chiara.carella@frost.com
Source: Frost & Sullivan (Business Wire India)
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