In my last post, I talked about some of the emerging trends in the fire alarm industry. If you look at the history of the industry, some very high profile fire events in the last century led to our current code-driven, failsafe system requirements. These systems must be inspected regularly to ensure proper operation. In fact, some have said that the threat of a Fire is a non-issue in commercial buildings due to all of the emphasis that’s been placed on fire prevention, protective building materials and rapid detection.
In recent years, it’s not fire but the increase of high-profile tragedies involving severe weather, bombings, and active shooters that are attracting the attention of the media and broader public. Because of this, greater focus has been placed on the adoption of Emergency Communication Systems (ECS) across a number of markets. Recent market reports project double-digit annual growth for the ECS market, far greater than the growth of the Fire Alarm industry. Some verticals such as Military / Government are leaders in adoption, with Education and Healthcare following closely. Other public gathering places such as stadiums and places of worship are starting to develop their respective ECS plans.
A report by MarketsandMarkets, “Mass Notification Market – Global Advancements, Market Forecasts and Analysis (2013 – 2018)” estimates the global mass notification market will grow from $2.41 billion in 2013 to $6.41 billion in 2018 at a Compound Annual Growth Rate (CAGR) of 21.6% during that time. In this report, Honeywell, which includes its endorsed brands, is named as a major player in the mass notification (a.k.a. emergency communication) market.
Although these numbers are big, I can’t see any reason for them to be wrong. On the contrary, I wouldn’t be surprised if these numbers turn out to be low. As the media continues to place a strong focus on non-fire tragedies, pressures will continue to mount for public places to have a means of communicating with occupants during emergencies.
About the Author:
Samir Jain is the Director of Strategic Marketing for Honeywell Fire Systems. In this role, Samir leads the development of the company strategy and oversees the product marketing group.