The Global Market for Voice Evacuation Systems is Projected to Reach US$626.8 Million by 2024

Evolving Regulatory Structure & Development of High Performance Systems Drive Growth in the Voice Evacuation Systems 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 Voice Evacuation Systems market. The global market for Voice Evacuation Systems is projected to reach US$626.8 million by 2024, driven by factors such as availability of sophisticated systems, new and harmonized industry standards and regulations, sustained high focus on building automation, and growing need to enhance security infrastructure.

Voice Evacuation System (VES) or voice alarm system represents an effective fire alarm notification appliance that facilitates in fast evacuation of public from a building in the event of a fire or other hazards. VES provide clear instructions, customized to the prevailing situations and are thus more effective than traditional sounders in warning and directing the people out of the building. The addressable market for VES is steadily expanding, and deployment of these systems is increasingly being contemplated in areas beyond fire safety such as evacuation programs for chemical spills, tornadoes etc., thus extending additional opportunities for future growth. The market is primarily benefiting from new and harmonized industry standards, building codes, and regulations across both developed and developing markets to further improve the efficiency of fire safety strategies and equipment in buildings and facilities. The market also benefits from increased focus of various participants across the building construction spectrum on the building automation model that emphasizes equipping buildings with sophisticated technologies to improve energy efficiency, safety, and security of the structure.

The latest VESs integrate several new and innovative features such as compact designs, ease of installation, flexible and distributed operation, and cost benefits. Further, newest VESs incorporate the capability to deliver unlimited number of messages while offering customization feature for each amplifier’s messages. Various amplifiers of VESs can function independently with each amplifier functioning concurrently to broadcast unique pre-recorded messages and alert tones. Some of the new Voice Evacuation Systems use IP technologies to integrate with existing IP networks for multi-site installations. The systems can be interconnected with other devices such as PCs over IP protocol, thereby enabling efficient control, diagnostics and maintenance over the Internet.

As stated by the new market research report on Voice Evacuation Systems, Europe represents the largest market worldwide. Asia-Pacific is poised to record the fastest CAGR of 8.1% over the analysis period. Factors fueling growth include burgeoning construction market, growing focus on ensuring security at public places and residential/non-residential buildings, and implementation of new building codes.

Major players in the market include Active Total Security Systems, ATEÏS Group, Audico Systems Oy, Baldwin Boxall Communications Ltd., Bosch Security Systems Inc., Eaton Corporation, Gent by Honeywell, Hallmark Fire Ltd., Hacousto Protec, Honeywell Johnson Controls, OPTIMUS S.A, RCF S.p.A, Siemens Building Technologies, STANLEY Convergent Security Solutions Inc., TOA Corporation, and UTC Building and Industrial Systems among others.

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.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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