Report Overview

GCC Fire Detection and Alarm System Market - Industry Trends & Forecast Report, 2029

GCC fire detection and alarm system market size was estimated to be worth USD 2.1 billion in 2022. During the forecast period between 2023 and 2029, the GCC fire detection and alarm system market size is projected to grow at a CAGR of 5.30%, reaching a value of USD 3.1 billion by 2029. Major growth factors for the GCC fire detection and alarm system market include rising consumer awareness towards fire safety in their homes and stringent government regulations on fire safety in commercial and industrial spaces.

GCC Fire Detection and Alarm System Market – Overview

A building's fire alarm system is intended to detect and notify residents and emergency personnel of the presence of smoke, fire, carbon monoxide, or other fire-related emergencies. These systems detect fires, warn building residents, control danger, and inform the fire department. The four different kinds of fire detectors are heat, ionization/photoelectric, photoelectric, and ionization. These four varieties differ from one another in that heat is caused by temperature, whilst the other three are induced by smoke.

GCC Fire Detection and Alarm System Market

Growth Drivers

Strong Demand from Oil and Gas Sector

The GCC countries, including Saudi Arabia and the UAE, are known for their crude oil industries and their exports. The combined proved reserves of the GCC nations are 497 billion barrels of crude oil, or about 34% of the estimated proven reserves worldwide. The oil and gas sector is considered a high-risk industry because of the high risk of leakage or spills of toxic and inflammable gases. As a result, the governments of these countries are establishing stringent regulations surrounding fire safety, which is anticipated to drive the GCC fire detection and alarm system market during the forecast period.

Restraints

High Chances of Detection Failures

Although fire detection and alarm systems are highly advanced mechanisms, they are still prone to failure. Smoke detector failures can be attributed to hardwired power failures or missing/dead batteries in more than 3/4 of cases. About 10% of smoke detector failures are a result of poor maintenance, poor installation, or malfunctioning equipment. These failures can lead to devastating consequences. This may act as a major limiting factor for the GCC fire detection and alarm system market.

Impact of COVID-19 on GCC Fire Detection and Alarm System Market

The COVID-19 pandemic hindered the growth of the GCC fire detection and alarm system market. The restrictions on the operations of the end user industries, including oil and gas, electrical equipment, petrochemicals, and chemical products, as well as closure of the commercial facilities such as hotels and offices directly impacted the growth of the market. However, the market gained traction in the medical and residential sectors. The overburdening of the hospitals and excessive use of ICUs for the COVID-19-affected patients, increased the fire hazard risks, due to which the hospitals had to invest in advanced fire detection and alarm systems to prevent casualties, limiting the overall market growth.

GCC Fire Detection and Alarm System Market

Segmental Coverage

GCC Fire Detection and Alarm System Market – By Offering

Based on the offering, the GCC fire detection and alarm system market is bifurcated into hardware and software segments. The hardware segment is subdivided into control panels, sensors & initiating components, notification & audio components, and others. The hardware segment holds a larger share in the GCC fire detection and alarm system market. There are many types of hardware involved in fire safety systems such as a flame sensor, a smoke sensor, buzzers, LEDs, and a GPS and a GSM module. However, the software segment is projected to register a significant growth rate during the forecast period owing to the rising popularity of wireless fire detection and alarm systems.

GCC Fire Detection and Alarm System Market – By Product Type

Based on product type, the GCC fire detection and alarm system market is split into fire alarms and detectors segments. The fire alarm segment is further classified into audible alarms, visual alarms, and manual call points. The detector segment is also segregated into flame detectors, smoke detectors, and heat detectors. The fire alarm segment accounts for the highest share of the market.

GCC Fire Detection and Alarm System Market – By Detection Technology

Based on detection technology, the GCC fire detection and alarm system market is split into addressable and conventional segments. The addressable detection technology segment accounts for a higher share in the GCC fire detection and alarm system market. This technology is capable of determining the exact location of the fire breakout, saving time and resources, therefore, is prominently used in commercial and residential facilities. However, conventional technology also covers a substantial market share owing to its wide demand in the residential sector.

GCC Fire Detection and Alarm System Market – By Connectivity

Based on connectivity, the GCC fire detection and alarm system market is bifurcated into wired and wireless segments. The wired fire detection and alarm system holds a larger market share. These systems tend to be cheaper than their wireless counterparts, due to which they have a strong demand among commercial and industrial spaces. Furthermore, wired systems do not rely on radio frequencies, signal interference, which is a clear problem for wireless systems, is not an issue.

GCC Fire Detection and Alarm System Market – By End User

Based on end users, the GCC fire detection and alarm system market is segmented into commercial, residential, and industrial. The commercial segment dominates the GCC fire detection and alarm system market owing to the stringent government regulations, making it compulsory to install fire safety, detection, and alarm systems for the prevention of fire hazards in commercial spaces such as hotels and offices. However, the residential segment is projected to register the highest growth rate during the forecast period.

Competitive Landscape

Major players operating in the GCC fire detection and alarm system market include Honeywell International Inc., Tyco Fire & Security, Siemens AG, Johnson Controls, Naffco (National Fire Fighting Manufacturing Company), Advanced Electronics Company Limited, Inertia Group, Apollo Fire Detectors, Delta Electronics, and Fike Corporation.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In April 2023 - Al-Futtaim Engineering and Technologies, an engineering and technology provider based in the UAE, and Japanese Conglomerate, Panasonic, formed a partnership to sell fire alarm systems in the UAE with AI-enabled fire protection.

Scope of the Report

By Offering

• Hardware

1. Control Panels

2. Sensors & Initiating Components

3. Notification & Audio Components

4. Others

• Software

By Product Type

• Fire Alarm

1. Audible Alarms

2. Visual Alarms

3. Manual Call-points

• Detector

1. Flame Detectors

2. Smoke Detectors

3. Heat Detectors

By Detection Technology

• Addressable

• Conventional

By Connectivity

• Wired

• Wireless

By End User

• Commercial

• Residential

• Industrial

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. GCC Fire Detection and Alarm System Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing Government Regulations on Fire Safety
         2. Growing Construction Activities in the Region
         3. Increasing Use of Automation and Smart Technologies in Fire Detection and Alarm Systems
      2. Restraints
         1. High Cost of Fire Detection and Alarm Systems
         2. Lack of Skilled Technicians to Install and Maintain Fire Detection and Alarm Systems
      3. Opportunities
         1. Growing Demand for Wireless Fire Detection and Alarm Systems
         2. Development of New and Innovative Fire Detection and Alarm Technologies
      4. Challenges
         1. Stringent Government Regulations on Fire Safety
         2. Need for Continuous Research and Development to Improve Fire Detection and Alarm Technologies
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. GCC Fire Detection and Alarm System Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Offering
         1. Hardware
            1. Control Panels
            2. Sensors & Initiating Components
            3. Notification & Audio Components
            4. Others
         2. Software
      2. By Product Type
         1. Fire Alarm
            1. Audible Alarms
            2. Visual Alarms
            3. Manual Call-points
         2. Detector
            1. Flame Detectors
            2. Smoke Detectors
            3. Heat Detectors
      3. By Detection Technology
         1. Addressable
         2. Conventional
      4. By Connectivity
         1. Wired
         2. Wireless
      5. By End User
         1. Commercial
         2. Residential
         3. Industrial
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. GCC Fire Detection and Alarm System Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid–19 on GCC Fire Detection and Alarm System Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Honeywell International Inc.
   2. Tyco Fire & Security
   3. Siemens AG
   4. Johnson Controls
   5. Naffco (National Fire Fighting Manufacturing Company)
   6. Advanced Electronics Company Limited
   7. Inertia Group
   8. Apollo Fire Detectors
   9. Delta Electronics
   10. Fike Corporation
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4.  Breakdown of Primary Research Respondents, By Region
   5.  Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       GCC Fire Detection and Alarm System Segmentation       

Figure 2       GCC Fire Detection and Alarm System Market Value Chain Analysis     

Figure 3       Company Market Share Analysis, 2022

Figure 4       GCC Fire Detection and Alarm System Market Size, By Value (USD Million), 2019–2029 

Figure 5       GCC Fire Detection and Alarm System Market Share, By Offering, By Value, 2019–2029 

Figure 6       GCC Fire Detection and Alarm System Market Share, By Product Type, By Value, 2019–2029 

Figure 7       GCC Fire Detection and Alarm System Market Share, By Detection Technology, By Value, 2019–2029

Figure 8       GCC Fire Detection and Alarm System Market Share, By Connectivity, By Value, 2019–2029

Figure 9       GCC Fire Detection and Alarm System Market Share, By End User, By Value, 2019–2029

List of Tables

Table 1        GCC Fire Detection and Alarm System Market Size, By Value (USD Million), 2019–2029

Table 2        GCC Fire Detection and Alarm System Market Share, By Offering, By Value, 2019–2029 

Table 3        GCC Fire Detection and Alarm System Market Share, By Product Type, By Value, 2019–2029 

Table 4        GCC Fire Detection and Alarm System Market Share, By Detection Technology, By Value, 2019–2029

Table 5        GCC Fire Detection and Alarm System Market Share, By Connectivity, By Value, 2019–2029

Table 6        GCC Fire Detection and Alarm System Market Share, By End User, By Value, 2019–2029

Table 7        Honeywell International Inc. Company Overview

Table 8        Honeywell International Inc. Financial Overview

Table 9        Tyco Fire & Security Company Overview

Table 10      Tyco Fire & Security Financial Overview

Table 11      Siemens AG Company Overview

Table 12      Siemens AG Financial Overview

Table 13      Johnson Controls Company Overview

Table 14      Johnson Controls Financial Overview

Table 15      Naffco (National Fire Fighting Manufacturing Company) Company Overview

Table 16      Naffco (National Fire Fighting Manufacturing Company) Financial Overview

Table 17      Advanced Electronics Company Limited Company Overview

Table 18      Advanced Electronics Company Limited Financial Overview

Table 19      Inertia Group Company Overview

Table 20      Inertia Group Financial Overview

Table 21      Apollo Fire Detectors Company Overview

Table 22      Apollo Fire Detectors Financial Overview

Table 23      Delta Electronics Company Overview

Table 24      Delta Electronics Financial Overview

Table 25      Fike Corporation Company Overview

Table 26      Fike Corporation Financial Overview

Table 27      Other Prominent Company Overview

Table 28      Other Prominent Financial Overview