Electric Burglar Or Fire Alarm Market

The article provides a comprehensive analysis of the global market for electric burglar or fire alarms and similar apparatus, forecasting an upward consumption trend over the next eight years. Market performance is expected to expand at a CAGR of +2.0% from 2022 to 2030, reaching 1.1B units in volume and $24.6B in value by 2030. China emerges as a prominent consumer and producer in the market. The article also delves into import/export data, highlighting key exporting countries such as China and significant fluctuations in average export prices.

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 eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.0% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.8% for the period from 2022 to 2030, which is projected to bring the market value to $24.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Electric Burglar Or Fire Alarms And Similar Apparatus

In 2022, approx. 924M units of electric burglar or fire alarms and similar apparatus were consumed worldwide; picking up by 3.2% compared with the year before. In general, the total consumption indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.7% against 2020 indices. Over the period under review, global consumption hit record highs at 988M units in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

The size of the market for electric burglar or fire alarms and similar apparatus worldwide rose slightly to $17B in 2022, picking up by 4.4% against 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). The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $18.3B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of electric burglar or fire alarm consumption was China (235M units), comprising approx. 25% of total volume. Moreover, electric burglar or fire alarm consumption in China exceeded the figures recorded by the second-largest consumer, Russia (93M units), threefold. The UK (84M units) ranked third in terms of total consumption with a 9.1% share.

In China, electric burglar or fire alarm consumption expanded at an average annual rate of +6.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (+11.1% per year) and the UK (+5.5% per year).

In value terms, the largest electric burglar or fire alarm markets worldwide were China ($2.1B), Russia ($1.6B) and the United States ($1.3B), with a combined 30% share of the global market. The UK, Mexico, Germany, Canada, Indonesia, Spain, Hong Kong SAR, Italy, India and Thailand lagged somewhat behind, together comprising a further 30%.

Among the main consuming countries, Hong Kong SAR, with a CAGR of +15.7%, recorded 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.

The countries with the highest levels of electric burglar or fire alarm per capita consumption in 2022 were Hong Kong SAR (2,294 units per 1000 persons), the UK (1,245 units per 1000 persons) and Russia (643 units per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +19.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Electric Burglar Or Fire Alarms And Similar Apparatus

In 2022, approx. 901M units of electric burglar or fire alarms and similar apparatus were produced worldwide; growing by 3.8% on the previous year. Overall, the total production indicated measured growth from 2012 to 2022: its volume 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 2022 figures, production increased by +4.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 33%. Global production peaked at 960M units in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In value terms, electric burglar or fire alarm production expanded notably to $18B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 11%. Global production peaked at $18.4B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (390M units) constituted the country with the largest volume of electric burglar or fire alarm production, accounting for 43% of total volume. Moreover, electric burglar or fire alarm production in China exceeded the figures recorded by the second-largest producer, Russia (95M units), fourfold. The third position in this ranking was held by the UK (66M units), with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +4.6%. The remaining producing countries recorded the following average annual rates of production growth: Russia (+12.0% per year) and the UK (+4.9% per year).

Imports

World Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

In 2022, approx. 361M units of electric burglar or fire alarms and similar apparatus were imported worldwide; waning by -4.8% compared with the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. Over the period under review, global imports attained the peak figure at 408M units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electric burglar or fire alarm imports reached $4.8B in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 12%. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports By Country

The countries with the highest levels of electric burglar or fire alarm imports in 2022 were the United States (44M units), Spain (36M units), the UK (31M units), India (24M units), Thailand (19M units), Hong Kong SAR (19M units), Turkey (18M units), Chile (15M units), the Netherlands (14M units), Italy (13M units), Germany (11M units) and Belgium (8.5M units), together reaching 70% of total import. Romania (8M units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +23.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($727M), the UK ($472M) and Germany ($463M) were the countries with the highest levels of imports in 2022, together comprising 34% of global imports. The Netherlands, Spain, Italy, Hong Kong SAR, Belgium, India, Turkey, Romania, Thailand and Chile lagged somewhat behind, together accounting for a further 22%.

In terms of the main importing countries, India, with a CAGR of +10.8%, recorded 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 2022, the average import price for electric burglar or fire alarms and similar apparatus amounted to $13 per unit, with an increase of 7.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 an increase of 17%. As a result, import price attained the peak level of $14 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($43 per unit), while Thailand ($1.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+27.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

In 2022, approx. 338M units of electric burglar or fire alarms and similar apparatus were exported worldwide; reducing by -4.1% compared with 2021. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 21% against the previous year. The global exports peaked at 416M units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, electric burglar or fire alarm exports rose to $5.4B in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 11%. The global exports peaked in 2022 and are likely to continue growth in the near future.

Exports By Country

China was the key exporter of electric burglar or fire alarms and similar apparatus in the world, with the volume of exports reaching 156M units, which was near 46% of total exports in 2022. Hong Kong SAR (13M units), the UK (13M units), India (12M units), Mexico (12M units), Taiwan (Chinese) (11M units), Ireland (10M units), Thailand (9.5M units), the Netherlands (9.4M units), Spain (8.1M units), the United States (7.2M units), Turkey (5.5M units) and Germany (5.5M units) took a little share of total exports.

Exports from China increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, Thailand (+70.0%), India (+17.1%), Turkey (+16.7%), Ireland (+14.0%), Spain (+8.8%), the United States (+5.9%), the Netherlands (+5.8%) and Mexico (+3.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +70.0% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, the UK (-3.9%), Germany (-4.1%) and Hong Kong SAR (-8.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Thailand, India and Ireland increased by +5, +2.8, +2.7 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($1B) remains the largest electric burglar or fire alarm supplier worldwide, comprising 19% of global exports. The second position in the ranking was held by Mexico ($460M), with an 8.5% share of global exports. It was followed by Ireland, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+5.8% per year) and Ireland (+14.9% per year).

Export Prices By Country

In 2022, the average export price for electric burglar or fire alarms and similar apparatus amounted to $16 per unit, picking up by 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 9.9% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($60 per unit), while India ($1.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform