The research conducted by AMA predicts market growth for our active fire protection market.
This follows a recent decline following the repercussions of COVID-19 along with many other businesses that faced a lower supply in building materials.
As employees were furloughed and businesses closed, the market welcomes the 14% growth that the AMA has predicted between now and 2024.
They predict that fire detectors alone will have a market share increase of around 17%.
According to the report, detection systems and alarms have gained share in the last two years, and account for around 63% of the active protection market, with non-domestic use accounting for the majority of installations.
With the help of new technological innovations, these figures may be achievable as we have seen a decline in the number of false alarms in the last three years through the new capabilities of sensors which were originally believed to be the cause of product improvements.
It also helps that there is much more awareness around fire safety measures, as the AMA predicts that in particular, high-rise buildings will see an increased demand for both replacements and new installations.
The rise of integrated fire and security measures will also become apparent, with many businesses adopting a more IT-based system which will not only include their fire protection but their surveillance, intruder alarms and access control.
Laura Pardoe, Editor of the Active Fire Protection Market Report, said “The active fire protection sector is mature and has been primarily driven by the wider performance of the UK building and construction market.
“That said, changes to building regulations in the wake of the Hackitt Review will provide additional demand for the fire protection industry, particularly with regard to sprinkler systems in high buildings.”
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