Fire Alarm Market High Demand, Forecasts Research, Top Manufacturers and Outlook 2030 The global fire alarm market size was USD 30.20 Billion in 2021 and register a revenue CAGR of 7.2% over the forecast period, according to the latest analysis by Emergen Research. Read More: https://www.emergenresearch.com/industry-report/fire-alarm-market Strong government regulations to adopt fire detection and alarm systems in infrastructure projects and rapid development of sensor technology are key factors driving global fire alarm market revenue growth. In addition, strong government regulations to adopt fire detection and alarm systems in infrastructure projects is another factor driving revenue growth of the market. Stringent regulations are put into effect by regulatory authorities of various countries, which have made installment of fire alarms mandatory in commercial and industrial buildings. For instance, NFPA 72, National Fire Alarm and Signaling Code has set guidelines to install a minimum number of fire and smoke alarms in residential places.