The global fire alarm system market is set for explosive growth with a CAGR of 7.4% during 2025–2031, it was valued at $35.86 Billion in 2024, with projections indicating a surge to $58.79 Billion by 2031. This remarkable expansion is driven by the increasing number of fire incidents. The adoption of fire alarm systems in the healthcare industry is proliferating, owing to the growing need to safeguard patients, comply with regulations, and improve response times during emergencies. The integration of fire alarm systems with building management systems and the rise of IoT-based fire alarm systems are expected to further fuel market growth. North America is a significant region in the fire alarm system market, characterized by high awareness of fire safety and stringent government regulations. Europe represents a significant market for fire alarm systems, with countries such as the UK, Germany, and France leading the way in fire safety awareness and regulations. The report from The Insight Partners provides valuable insights to stakeholders in the evolving market landscape.

Fire Alarm System Market Size Worth $58.79 Billion by 2031

The global fire alarm system market is expected to grow exponentially, reaching a market size of $58.79 billion by 2031, driven by increasing fire incidents and the integration of fire alarm systems with IoT and building management systems. North America and Europe are key regions, with the UK, Germany, and France leading in fire safety regulations.