Lucintel's latest market report analyzed that commercial fire detector provides attractive opportunities in smoke detectors, heat detectors, and carbon monoxide. The commercial fire detector market is expected to reach $2.90 billion by 2028 with a CAGR of 8%. In this market, wired is the largest segment by technology, whereas smoke detectors is largest by product.
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Based on technology, the commercial fire detector market is segmented into ZigBee, Wi-Fi, Wired, LoRaWAN, Z-Wave, satellite, and others. The wired segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to significant use of these detectors in commercial settings as they offer superior network reliability and stability.
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The Commercial Fire Detector Market is marked by the presence of several big and small players. Some of the prominent players offering commercial fire detector include Honeywell, Johnson Controls, Hochiki, Academy Fire, and Fike.
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