The fire detector market - France

The fire safety systems market encompasses all products related to both the detection and extinguishing (automatic or manual) of a fire, as well as the audible and luminous signalling of smoke. The best-known systems include fire extinguishers and smoke detectors. This study covers only fire detectors. A fire safety device detects smoke or fire-related anomalies in the air. The device is installed in the roof of all types of property, including commercial, residential, industrial, etc. The global market for fire detectors is booming, and is expected to grow at a CAGR of 7.2% to 2030. This growth is taking place against a backdrop of rigorous consumer compliance with safety regulations, rising consumer spending and increasing regulation. In France, the latter has proved particularly important for this market. Indeed, since 2015, it has been mandatory to install a fire detector on all residential property in France. As a result, the penetration rate is high, with around 89% of households now having a device installed, compared with 27% in 2012. The market is heavily dependent on construction as a key revenue driver; in 2020 and in light of COVID-19, there was a temporary drop in activity and therefore revenue for the industry as a whole. However, this effect appears to be short-lived. In the future, connected systems will prevail in France, as they give the user total control over both the type of fire and its location. Players should position themselves in this category to establish themselves as market leaders.