After finishing 2022 with a respectable recovery from pandemic upheaval, the fire alarm industry is expected to carry strong momentum through this year and beyond.
With recessionary fears subsiding and continued supply chain improvement, most fire alarm industry stakeholders are expressing a lot of positivity. According to SDM’s 2023 Industry Forecast, 43 percent of security professionals consider the state of the fire alarm market to be very good or excellent, while 41 percent consider it to be good, and 16 percent believe the state of the market is poor or fair.
The forecast also found nearly 60 percent of contractors either currently offer/sell/install fire alarm products or plan to in the next one to two years. Another 13 percent are discussing offering them in the next three to five years.