According to a research report titled ‘Wireless Fire Detection Systems Market Size By Component (Sensor, Call Point, Fire Alarm Panel, Input/Output Module), By Product (Smoke Detector [Photoelectric, Ionization, Dual Sensor], Heat Detector, Gas Detector, Multi-sensor Detector), By Model (Fully Wireless, Hybrid), By Installation Type (New Installation, Retrofit), By Application (Residential, Industrial, Commercial [BFSI, Education, Government, Healthcare, Hospitality, Retail]) Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with MarketStudyReport, worldwide wireless fire detection systems market is anticipated to grow significantly through 2026.
 

Rising adoption in residential, industrial, and commercial sectors as well as introduction of strict fire safety regulations & standards are catalyzing the growth of wireless fire detection systems market.
 

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For the unversed, wireless fire detection system employs a network of wireless sensors which are installed throughout the building for flame temperature detection, smoke detection, and flame detection. The device analyses a variety of data, including temperature and smoke concentration, on a regular basis and enables real-time monitoring, detection, and automatic alarms.
 

On the basis of components, call point segment is expected to see constant demand in the near future, because of widespread deployment of fire alarm systems as a result of strict government rules pertaining to fire safety. 
 

Based on product based segmentation of wireless fire detection market, gas detectors segment share is projected to expand at a CAGR of 9.5% through 2026. To maintain workplace safety by preventing exposure to toxic gases & fumes and to comply with severe regulatory criteria, numerous manufacturing organizations are focusing on integrating effective gas detection systems.
 

In terms of model, hybrid segment is predicted to witness widespread adopted by 2026, owing to benefits such as ease of installation and lower electrical infrastructure complexity.
 

Considering the type of installation, new installation segment is expected to account for a significant market share by the year 2026. Increased infrastructure development spending and growing number of construction projects are accountable for this segmental trend.
 

Elaborating on application scope, industrial sector is expected to grab 40% revenue share by the end of forecast period, with increased investments in adoption of advanced fire safety technologies.
 

From a regional standpoint, wireless fire detection systems market in Latin America is poised to garner massive returns by 2026, attributable to strict fire safety regulations, which will certainly enhance product uptake in residential, commercial, and industrial applications.
 

The key industry players profiled in the report are Ceasefire Industries Pvt. Ltd.,  Detectomat GmbH, CWSI, Electro Detectors Ltd., Halma plc, Eurofyre Limited, EMS FIRE & SECURITY SYSTEMS LTD., Honeywell International Inc. (Esser), Hochiki Corporation, NAPCO Security Technologies Inc., Johnson Controls International, Siemens AG, Robert Bosch GmbH, Zeta Alarm Systems, and Raytheon Technologies Corporation.