Market research firm IHS this week released two research notes focused on different product segments within the security industry: multi-sensor fire/carbon monoxide detectors and industrial high-performance doors.
According to Justin Siller, manager for the security and building technologies group at IHS, there is a growing mass market trend in North America and Western Europe towards the increased use of multi-sensor detectors driven by the fact that a single detector is more efficient and helps reduce false alarms. In fact, IHS is forecasting that the global multi-sensor detector market to grow at a compound annual growth rate (CAGR) of 7 percent from 2013 to 2018.
Here is the rest of Siller’s research note discussing the anticipated growth of the multi-sensor detectors:
Multi-sensors are slowly replacing the common optical detector. The most popular combination of technologies is smoke and heat, mainly because of the competitive price point. An added benefit is end-users can save on installation costs. One product can provide the coverage of multiple detectors, so fewer pieces overall need to be installed. In high labor wage areas, this can offer real savings.
Also contributing to growth in the multi-sensor market is the increasing awareness of carbon monoxide (CO) detection in residential and commercial applications. Parts of the United States and Europe have passed legislation that requires CO detection in single- and multi-family homes, and some healthcare facilities. Instead of installing individual smoke and CO detectors, combination units are becoming a popular choice to meet the legislative requirements.
While sales of optical detectors are expected to remain dominant in 2018, the shift to multi-sensors is picking up steam. Better detection capabilities, a price that will continue to fall and end-user demand will all play a role in this markets projected increase of nearly $100 million over the next five years.
Also this week, Omar Talpur, another analyst at IHS, said that he expects makers of industrial high-performance doors, which open and close at speeds of 100-inches-per-second, will see global revenue growth at a CAGR of 10.5 percent from 2013 to 2017.
Here is the rest of Talpur’s research note about the growing market for industrial high-performance doors:
Revenue growth will be the result of a variety of end-users choosing high performance doors due several factors such as the advantages related to the product’s speed, the variety of material and a worldwide increase in industrial construction.
IHS found that the faster cycle time for a high performance door allows for better climate control which is one reason why these doors are popular in industries such as food processing and pharmaceutical plants. The quicker door also limits the movement of containments between different areas.
Furthermore, the door can be made from materials other than metal. Many high performance doors use fabric or rubber for the door which allow the door to endure more contact than a traditional garage door. For example, if a driver hits a traditional metal garage door with a forklift or semi-truck, the door can be out of commission until a replacement is installed. This could take days or weeks and could cause of loss of productivity and revenue. If a forklift or semi-truck hit a fabric door, the door only needs to be reset at the control panel.
In addition to the more flexible doors, the motors that power high performance doors are designed for longer life cycles which can further justify the higher price for many companies. Traditional garage doors are built for life of 10,000 cycles of being opened and closed. High performance doors are designed for life cycles of 100,000. The longer life cycles, in addition to the other advantages which maintain productivity, are a reason the high performance door will be seen as an attractive solution for many industrial plants.