This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Frost & Sullivan Forecasts Decade Of Exciting Growth For Voice Alarms Market In Asia

LONDON, April 12, 2012 /PRNewswire/ -- The implementation of standards and building codes mandating their use is driving voice alarm markets in Europe and North America. Certain pockets of Asia have adopted similar initiatives and others are expected to follow, leading to higher annual growth rates in the Asia-Pacific market.

New analysis from Frost & Sullivan ( http://www.buildingtechnologies.frost.com), Global Voice Alarms Market, finds that the market earned revenues of $389.4 million in 2010 and estimates this to reach $736.9 million in 2017. The research covers opportunities in new and existing buildings across North America, Europe, Asia-Pacific and Rest-of-World.

"The world voice alarm market is recovering rapidly and growing steadily due to the introduction of new standards in the leading markets of United States and Europe," notes Frost & Sullivan Senior Research Analyst Neetha Jayanth. "Such standards have set quality benchmarks, even while boosting customer value and perception of voice alarms. In some countries, this is being reinforced by strengthening building codes that mandate the use of voice evacuation or alarms in specific building categories."

Voice alarms have traditionally been seen as a niche market in fire detection and have not been regarded as a necessity. Large-scale, high-end projects and buildings have adopted voice alarms, resulting in markets in North America and Europe having developed faster than the rest of the world.

While these regions will make the largest contribution in terms of revenue, Asia- Pacific will be on a higher growth path, as local governments adopt more safety mandates as part of their building codes.

However, prices will rise as production of lower-end models halts with the imposition of quality standards in developed markets. Upper-end models will also experience a rise in price as technology improvements and integration with other building systems are implemented. This is expected to affect demand, particularly in the existing buildings segment.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs