The European fire alarm system market is anticipated to exhibit a CAGR of 7.2% during the forecast period. The presence of stringent government regulations regarding the use of fire safety appliances in the residential, commercial, and industrial buildings is anticipated to drive the regional growth of the market. Construction Products Regulation (CPR) is a regulation that harmonized the conditions for the marketing of construction products and replaces the Construction Products Directive. The CPR was introduced to save lives, inhibit fires, and minimizing the consequential damages.
Browse the full report description European Fire Alarm System Market Size, Share & Trends Analysis Report by Product (Conventional Fire Alarm System, Addressable Fire Alarm System) by Application (Commercial, Industrial, Residential) Forecast Period (2020-2026) at https://www.omrglobal.com/industry-reports/europe-fire-alarm-system-market
Also, the rising fire incidences are increasing the demand for installation of the fire prevention products such as fire alarm systems. In Europe, domestic fire safety is a concern for governments. As per the CTIF (International Association of Fire and Rescue Services), around 2.0-2.5 million fires are reported every year, resulting in 20,000 – 25,000 fire deaths and 250,000 – 500,000 fire injuries in Europe. Among these fatalities, around 80.0% have occurred in private homes. To prevent fire incidences, CPR has covered fire safety regulations for residential buildings concerning the constructional fire safety, which is contributing to the fire alarm system market.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
European Fire Alarm system Market Report Segment
By Product
By Application
European Fire Alarm System Market Report Segment by Region
To learn more about this report request a free sample copy
@ https://www.omrglobal.com/request-sample/europe-fire-alarm-system-market