The global fire safety market is on track for remarkable growth, projected to reach US$35 billion by 2030. This surge is fueled by increasing enforcement of building code compliance, rapid digitalization, and extensive infrastructure upgrades across commercial properties worldwide.

Fire safety systems, including detection and security technologies, have become mandatory across various commercial sectors, particularly in critical environments such as clean laboratories, data centers, and healthcare facilities. These systems generally incorporate a central control panel integrated with smoke and heat detectors, alarms, and emergency response mechanisms.

According to ABI Research, shipments of fire safety devices—comprising control panels, alarms, and detectors—are anticipated to rise from 133 million units in 2024 to 223 million by 2030, reflecting a robust compound annual growth rate (CAGR) of 7.6%. Smoke and fire detection systems represent the majority, accounting for 56% of total shipments.

Fire safety regulations and standards differ widely across countries and sectors but focus uniformly on safeguarding human life and property throughout the building lifecycle. Rithika Thomas, senior analyst for smart buildings at ABI Research, explains, “There are two main types of fire alarm systems: conventional and addressable. Conventional systems are commonly installed in smaller buildings. In contrast, addressable systems provide advanced fault detection and pinpoint exact locations of alarms, making them ideal for larger commercial spaces such as hospitals and educational institutions.”

Despite the market’s fragmentation, leading players such as ABB, Halma, Honeywell, Johnson Controls, Siemens, and Schneider Electric dominate, collectively holding over half of the market share. These companies employ a mix of in-house innovation, acquisitions, and strategic partnerships to address region-specific and sector-specific requirements. Recent technological strides include real-time monitoring capabilities and cloud connectivity, which enhance predictive maintenance and minimize operational disruptions.

Strategic acquisitions continue to shape the market landscape. Siemens’ collaboration with Danfoss focuses on advancing high-pressure water mist and low-pressure CO2 fire suppression systems, targeting sophisticated applications like data centers. Meanwhile, Compliance Group’s purchase of Abbot Fire Group broadens its expertise across multiple building sectors.

The ongoing digital transformation of building management systems presents a significant opportunity for fire safety innovation. Thomas adds, “Emerging hardware and software technologies are enabling cross-platform integration and seamless compatibility with existing building management systems. This trend is driving retrofitting and modernization efforts, particularly in North America and Western Europe. Simultaneously, the Asia Pacific region is poised for rapid expansion due to increased construction activity and regulatory tightening in both new and retrofit projects.”

Overall, the future of fire safety hinges on digital innovation, compliance enforcement, and integrated solutions that not only protect lives and assets but also support sustainability and operational efficiency across the global built environment.

Originally reported by FutureloT Editors in Future IoT.