security technology market Multi-criteria detectors shake up fire market Engelwood, Co (USA) The introduction of multi-criteria detectors has given purchasers increased flexibility and functionality in their fire detection systems. According to the latest IHS Fire Detection & Suppression Report, the global multi-criteria detectors market was worth $264.8 million in 2015. The market is expected to grow by a compound annual growth rate (CAGR) of 6.6 percent between 2015 to 2020. IHS found that multi-criteria detectors, which combine multiple detection technologies, have become more common in the fire detectors market for three main reasons. Firstly, the increasing number of mixed-use facilities has created demand for detectors that can function in complex environments, while meeting the demand of multiple customers. For example, the increasing number of facilities that combine retail, restaurants, and lodging create unique challenges for building owners and fire detector manufacturers. IHS found that the risk of fire varies in each environment – each requiring a different type of detector. Combining multiple technologies into a single unit means that fire detectors will be able to meet the needs of various clients. Secondly, IHS found that the trend to multi-criteria detectors is mainly caused by customers desire to reduce the number of detection devices installed in their facilities. The fact that fire systems in most instances continue to be a “must” purchase by law, means some end users want to see fewer detectors installed in their facilities. Because of this situation, multi-criteria detectors are more often being specified in projects where aesthetics are a concern. Additionally, the price of multi-criteria detectors continues to decline, as more systems are installed and competition in the fire detection market increases. IHS found that declining prices are contributing to more rapid adoption of multi-criteria detectors, as some customers that were once priced out of this market have now started to realize the value of this detector type. In conclusion, IHS expects that the increased adoption of multicriteria detectors will continue, increasing the opportunity for fire detection product manufacturers. Currently, these detectors are viewed as a premium Niall Jenkins. product mostly installed in high-end projects. As the price of multi-criteria detectors becomes more competitive, their use is expected to become more mainstream and manufacturers will find new opportunities to sell these detectors within medium-sized projects. Market Share estimate (combined) for the top 15 suppliers of video surveillance equipment Esthimated Market Share (%) of Top 15 Suppliers 65% 60% 55% 50% 45% 40% 35% 2009 2010 2011 2012 Year World 2013 2014 2015 2016 @ 2016 IHS Source:IHS The year 2013 was a pivotal one for the video surveillance industry, because it was when predictions of market concentration started to become a reality. It was also when the estimated market share of the top 15 video surveillance equipment suppliers jumped 10 percentage points over the previous year’s share. In short, 2013 was when the video surveillance market finally started to mature. But, according to Niall Jenkins, senior manager, video surveillance at IHS research, that is not the whole story. Boom times ahead for European smoke detector market Hadapsar, India A new report from Marketsandmarkets indicates that the smoke detector market is expected to grow from USD 1.31 Billion in 2015 to USD 2.52 Billion by 2022, at a CAGR of 9.2% during the forecast period. The smoke detector market is driven by factors such as increasing support and initiatives from government bodies, and technological advancements and innovations in smoke detectors and their networking. In the report Marketsandmarkets have segmented the market into product subsectors including photoelectric smoke detectors, ionisation smoke detectors, dual sensor smoke detectors, and others. The cause of fire deaths in the commercial and residential sectors is mostly from smoldering fires, which can only be detected by these photoelectric or the dual sensors and as a result the market of both smoke detectors is booming. The market for ionisation smoke detectors has a low growth rate because of their false alarm rate, which have led consumers to disable their smoke alarms and also the disposal of ionisation smoke detectors causes an additional problem as they contain radioactive materials. The research analysts estimate that the commercial sector holds the largest market size, whilst the residential sector is to experience the highest growth rate over the forecast period. The end-user field within the smoke detector market has been broken down into subsectors made up of the commercial sector, the residential sector, oil, gas, and the mining industry, plus the manufacturing sector, telecommunication sector, transportation and logistics, and others. The commercial sector was found to hold the largest portion of the smoke alarm market in 2015 as it is a highly regulated sector for smoke detectors. The smoke detectors installed in commercial space are regulated by EN54, UL268, CCCF, and other similar standards. The increase in the number of government mandate policies in developed economies to install smoke alarms in homes and the rapid development in residential construction across many parts of the world is attributing to the high growth of the smoke alarms market for the residential sector according to the analysts. The market in Europe is expected to grow at the highest CAGR during the forecast period. Under the influence of government mandate policies, countries in the European region such Austria, France, and Germany are installing smoke alarms in their homes and this is the main reason offered for the growth of the smoke detector market in this region. Also, North America was found to hold the largest market portion of the smoke detector market in 2015. The high demand for smoke alarms from this region is mainly attributed to the rising number of deaths by fire, especially in the residential sector, along with the rise in residential construction in key U.S. states such as Texas, Florida, and California. Security News Every Day – www. securityworldhotel.com 10 • d etektor internati onal