The Global Market for Voice Evacuation Systems is Projected to Reach US$634.4 Million by 2022

New & Harmonized Building Codes & Industry Standards to Drive Growth in the Voice Evacuation Systems Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry trends, growth drivers, market share, size and demand forecasts on the global Voice Evacuation Systems market. The global market for Voice Evacuation Systems is projected to reach US$634.4 million by 2022, driven by factors such as availability of high-performance and cost-effective systems, and harmonized building codes, and regulatory requirements.

Voice evacuation systems (VESs), also referred to as voice alarm systems or voice EVAC systems, represent highly effective tools for evacuating people from a building in the event of a fire. Equipped with the ability to broadcast pre-recorded or live messages in a real-time manner, VES provides clear and concise directions to safely guide people out of the fire accident zone in a phased manner. A host of factors contribute to the growth in VES deployments including availability of sophisticated systems, new and harmonized industry standards and regulations, sustained high focus on building automation, and need to enhance security infrastructure. The market especially benefits from new and harmonized industry standards and building codes in North America and Europe including the US NFPA 72 and the Construction Products Regulation (CPR) of EU, which harmonized the EN54 regulations to further improve the efficiency and efficacy of fire safety equipment.

Significant growth of VES comes from general deployment in large projects such as transport terminals, educational institutions, government and military facilities, high rise buildings, shopping malls, commercial complexes, industrial facilities, and healthcare establishments. The market will also benefit from emerging use in smaller buildings. Expanding applications beyond fire safety and into newer areas such as evacuation programs for chemical spills, gas leaks, tornadoes etc., will offer additional opportunities for growth in the coming years. New generation VESs integrate several new and innovative features and come in compact, full digital, and easy-to-deploy designs, while rendering comprehensive support for flexible and distributed operation. VESs are made available in different designs and configurations such as standalone, custom made, scalable, wireless and proprietary software driven to address the needs of customers across various end-use markets.

As stated by the new market research report on Voice Evacuation Systems, Europe represents the largest regional market, worldwide. Asia-Pacific is poised to record the fastest CAGR of 8.3% over the analysis period. Positive macro-economic scenario, rising investments on safety and security equipment in industrial, business, commercial and residential buildings, and influence of Western markets that have already acknowledged the role of voice alarm in emergency evacuation during fire accidents are driving growth in the region.

Major players covered in the report include Active Total Security Systems, ATEÏS Group, Audico Systems Oy, Baldwin Boxall Communications Ltd., Bosch Security Systems Inc., Chubb Fire & Security Ltd., C-TEC (Computionics) Ltd., Eaton Corporation, Gent by Honeywell, Hallmark Fire Ltd., Honeywell International Inc., Honeywell Life Safety Systems UK, Honeywell Life Safety AS, OPTIMUS S.A, RCF S.p.A, Siemens Building Technologies, STANLEY Convergent Security Solutions Inc., TOA Corporation, Tyco Integrated Fire & Security, UTC Building and Industrial Systems, and WEAC Ltd.

The research report titled “Voice Evacuation Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East & Africa and Latin America.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more