Latin American Fire and Smoke Detection Devices Markets Benefit From New Legislations
New analysis from Frost & Sullivan Latin American Fire and Smoke Detection Devices Markets reveals that the market earned revenues of $73.3 million in 2005, and can reach $130.9 million in 2012.
Palo Alto, CA (PRWEB) September 15, 2006
Stringent amendments to fire detection and prevention regulations across Latin American countries are fortifying the fire and smoke detection devices markets. Despite numerous opportunities, the lack of awareness of fire prevention issues threatens the markets.
New analysis from Frost & Sullivan Latin American Fire and Smoke Detection Devices Markets reveals that the market earned revenues of $73.3 million in 2005, and can reach $130.9 million in 2012.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Latin American fire and smoke detection devices markets, then send an e-mail to Trisha Bradley, Corporate Communications, with your full name, company name, title, telephone number, fax number, and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
“Due to the low levels of awareness of the importance of fire detection and prevention as well as the high costs of the systems, many end users tend to install very basic, or even incomplete fire and smoke detection systems, putting human life as well as the entire building at risk”, says Frost & Sullivan Research Analyst Maria Gabriela Figueroa. “These factors challenge premium segment market participants that offer products based on quality, technology, brand name, and post-sales services.”
Market participants must focus on educating end users, and, along with regional renowned associations, create a collective sense of moral responsibility. Many global tier 1 companies are organizing seminars across Latin America not only to promote their products, but also to increase consciousness and responsibility among end users.
Associations such as the National Fire Protection Association (NFPA) are already working with governmental sectors such as the Firefighters Body, for helping them adapt their local rules as per the NFPA norms and standards.
The healthcare sector is among the least developed segments regarding the implementation of fire and smoke detection systems. In some countries, this segment mostly depends on government purchases, and therefore, all initiatives are totally subject to public response. Private clinics and healthcare centers are comparatively at a more advanced stage of implementation, having installed basic smoke and heat detectors.
Due to its high overall demand, the industrial buildings segment is the most developed end-user segment in Latin America. This is because of the important presence of multinational companies (MNCs) in diverse industries in the region. These MNCs’ inherent culture of installing fire and smoke detection systems has rubbed off on smaller companies, resulting in greater sales of the equipment across the region.
The commercial buildings segment is the second most important one in Latin America. Local authorities such as the fire fighters constantly monitor commercial buildings, as they house a significant number of people.
“As customers become more conscious of fire prevention issues and begin adhering to strict local regulations, market suppliers will have to offer a more complete and integral service, including a wider range of products,” says Figueroa.
Multi-criterion photoelectric detectors, being more complete and multi-functional, are gaining significance due to their extensive applications. Chemical photoelectric varieties that detect the presence of gases in the environment have great potential in the market.
Fire and smoke detectors are evolving toward cooperative sensing, by which different sensors in a detector synergize with each other to make sure they concur in all the signals to avoid false alarms. The integration of fire and smoke detection systems with other security systems such as access control is likely to further enhance the market.
The Latin American Fire and Smoke Detection Devices Markets is part of the Building Management Technologies Growth Partnership Service. All research services included in subscriptions provide detailed market opportunities and industry trends, evaluated following extensive interviews with market participants. Analyst interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
Latin American Fire and Smoke Detection Devices Markets
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