Global Electric Burglar or Fire Alarms Market to See Steady Growth with +3.5% CAGR through 2030

IndexBox has just published a new report: World - Electric Burglar Or Fire Alarms And Similar Apparatus - Market Analysis, Forecast, Size, Trends and Insights.

Driven by increasing demand worldwide, the market for electric burglar or fire alarms is projected to experience a CAGR of +3.5% in volume and +5.1% in value from 2023 to 2030. This growth trend is expected to continue as the need for security systems remains high.

Market Forecast

Driven by increasing demand for electric burglar or fire alarms and similar apparatus worldwide, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.5% for the period from 2023 to 2030, which is projected to bring the market volume to 1.3B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.1% for the period from 2023 to 2030, which is projected to bring the market value to $23.3B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Electric Burglar Or Fire Alarms And Similar Apparatus

In 2023, global consumption of electric burglar or fire alarms and similar apparatus fell to 1B units, with a decrease of -3.7% against the previous year's figure. Over the period under review, the total consumption indicated a strong expansion from 2013 to 2023: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by -6.8% against 2021 indices. Over the period under review, global consumption reached the peak volume at 1.1B units in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

The size of the market for electric burglar or fire alarms and similar apparatus worldwide totaled $16.5B in 2023, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a moderate expansion from 2013 to 2023: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by -1.6% against 2021 indices. Over the period under review, the global market hit record highs at $16.7B in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of electric burglar or fire alarm consumption was China (216M units), accounting for 22% of total volume. Moreover, electric burglar or fire alarm consumption in China exceeded the figures recorded by the second-largest consumer, the UK (98M units), twofold. India (82M units) ranked third in terms of total consumption with an 8.2% share.

From 2013 to 2023, the average annual growth rate of volume in China amounted to +7.3%. The remaining consuming countries recorded the following average annual rates of consumption growth: the UK (+6.1% per year) and India (+17.8% per year).

In value terms, the largest electric burglar or fire alarm markets worldwide were the United States ($2.5B), the UK ($2.2B) and Indonesia ($1.3B), with a combined 36% share of the global market.

Among the main consuming countries, the UK, with a CAGR of +11.0%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2023, the highest levels of electric burglar or fire alarm per capita consumption was registered in Singapore (6,100 units per 1000 persons), followed by the UK (1,445 units per 1000 persons), France (644 units per 1000 persons) and Germany (314 units per 1000 persons), while the world average per capita consumption of electric burglar or fire alarm was estimated at 125 units per 1000 persons.

In Singapore, electric burglar or fire alarm per capita consumption shrank by an average annual rate of -1.3% over the period from 2013-2023. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the UK (+5.4% per year) and France (+7.9% per year).

Production

World Production of Electric Burglar Or Fire Alarms And Similar Apparatus

In 2023, global electric burglar or fire alarm production amounted to 895M units, stabilizing at 2022. The total output volume increased at an average annual rate of +4.2% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 14% against the previous year. Over the period under review, global production attained the peak volume at 918M units in 2021; however, from 2022 to 2023, production failed to regain momentum.

In value terms, electric burglar or fire alarm production reduced to $17.5B in 2023 estimated in export price. Overall, the total production indicated a tangible increase from 2013 to 2023: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by +2.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 27% against the previous year. Over the period under review, global production attained the peak level at $19.8B in 2022, and then fell in the following year.

Production By Country

China (393M units) remains the largest electric burglar or fire alarm producing country worldwide, comprising approx. 44% of total volume. Moreover, electric burglar or fire alarm production in China exceeded the figures recorded by the second-largest producer, the UK (79M units), fivefold. The third position in this ranking was taken by Indonesia (52M units), with a 5.9% share.

In China, electric burglar or fire alarm production increased at an average annual rate of +4.8% over the period from 2013-2023. The remaining producing countries recorded the following average annual rates of production growth: the UK (+6.8% per year) and Indonesia (+5.5% per year).

Imports

World Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

In 2023, approx. 518M units of electric burglar or fire alarms and similar apparatus were imported worldwide; waning by -8.9% against the year before. Over the period under review, total imports indicated a strong expansion from 2013 to 2023: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by -11.7% against 2021 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of 587M units. From 2022 to 2023, the growth of global imports remained at a lower figure.

In value terms, electric burglar or fire alarm imports totaled $4.9B in 2023. The total import value increased at an average annual rate of +2.0% over the period from 2013 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 11%. Over the period under review, global imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports By Country

In 2023, India (94M units), distantly followed by the United States (43M units), Spain (32M units), the UK (32M units), France (30M units) and South Korea (29M units) represented the main importers of electric burglar or fire alarms and similar apparatus, together creating 50% of total imports. Thailand (22M units), Germany (21M units), Chile (20M units) and Italy (16M units) held a little share of total imports.

Imports into India increased at an average annual rate of +24.6% from 2013 to 2023. At the same time, Thailand (+25.1%), South Korea (+20.0%), Spain (+8.0%), Germany (+6.8%), France (+6.6%), the United States (+2.2%) and Chile (+1.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +25.1% from 2013-2023. The UK experienced a relatively flat trend pattern. By contrast, Italy (-15.3%) illustrated a downward trend over the same period. From 2013 to 2023, the share of India, South Korea, Thailand and Italy increased by +14, +3.9, +3.4 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric burglar or fire alarm importing markets worldwide were the United States ($749M), Germany ($513M) and the UK ($439M), together comprising 35% of global imports. France, Spain, Italy, India, South Korea, Thailand and Chile lagged somewhat behind, together accounting for a further 16%.

In terms of the main importing countries, India, with a CAGR of +11.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2023, the average import price for electric burglar or fire alarms and similar apparatus amounted to $9.4 per unit, increasing by 11% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 12%. Over the period under review, average import prices hit record highs at $14 per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($25 per unit), while India ($810 per thousand units) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Italy (+22.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Global electric burglar or fire alarm exports declined slightly to 411M units in 2023, shrinking by -2.2% compared with the previous year. The total export volume increased at an average annual rate of +4.0% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 33%. As a result, the exports attained the peak of 442M units. From 2016 to 2023, the growth of the global exports remained at a somewhat lower figure.

In value terms, electric burglar or fire alarm exports totaled $5.5B in 2023. The total export value increased at an average annual rate of +3.0% from 2013 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 12% against the previous year. The global exports peaked in 2023 and are likely to see gradual growth in the immediate term.

Exports By Country

In 2023, China (178M units) was the main exporter of electric burglar or fire alarms and similar apparatus, achieving 43% of total exports. It was distantly followed by India (20M units) and Spain (19M units), together comprising a 9.5% share of total exports. The following exporters - Italy (15M units), Thailand (14M units), Mexico (13M units), the UK (13M units), Ireland (12M units), Taiwan (Chinese) (11M units) and Germany (8.4M units) - together made up 21% of total exports.

From 2013 to 2023, average annual rates of growth with regard to electric burglar or fire alarm exports from China stood at +2.2%. At the same time, Thailand (+45.9%), India (+18.8%), Taiwan (Chinese) (+11.5%), Ireland (+11.1%), Spain (+11.0%) and Mexico (+4.9%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +45.9% from 2013-2023. Germany experienced a relatively flat trend pattern. By contrast, the UK (-4.0%) and Italy (-14.5%) illustrated a downward trend over the same period. While the share of Italy (+3.6 p.p.), India (+3.6 p.p.), Thailand (+3.3 p.p.) and Spain (+2.2 p.p.) increased significantly in terms of the global exports from 2013-2023, the share of the UK (-3.9 p.p.) and China (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($976M) remains the largest electric burglar or fire alarm supplier worldwide, comprising 18% of global exports. The second position in the ranking was taken by Mexico ($485M), with an 8.7% share of global exports. It was followed by the UK, with a 6.4% share.

In China, electric burglar or fire alarm exports expanded at an average annual rate of +2.0% over the period from 2013-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+6.9% per year) and the UK (-1.5% per year).

Export Prices By Country

In 2023, the average export price for electric burglar or fire alarms and similar apparatus amounted to $13 per unit, rising by 5.2% against the previous year. In general, the export price, however, recorded a slight reduction. The pace of growth appeared the most rapid in 2016 an increase of 11% against the previous year. Over the period under review, the average export prices reached the maximum at $15 per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($42 per unit), while India ($1.3 per unit) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Italy (+21.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform