State of the Fire Alarm Market

With a strong economy, plus a healthy new construction and retrofit market, business remains steady in the fire space, with a few new opportunities, but also some notes of caution.

The American Institute of Architects (AIA) in January 2018 projected a “modest pick-up in the growth rate and another solid performance in 2019,” citing five main factors for optimism in the building and retrofit market: rebuilding and repairs from natural disasters; tax reform implications for construction; a possible infrastructure package; strong consumer and business confidence levels; and leading economic indicators for the construction sector. That is good news indeed for the fire detection market.

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