$5.5 Billion Worldwide Security Alarms Industry to 2027 - Impact of COVID-19 on the Market

Dublin, May 07, 2021 (GLOBE NEWSWIRE) -- The "Security Alarms - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Security Alarms estimated at US$5.5 Billion in the year 2020, is projected to reach a revised size of US$9.4 Billion by 2027, growing at a CAGR of 7.8% over the period 2020-2027.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 11.8% CAGR

The Security Alarms market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 11.8% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Select Competitors (Total 36 Featured):

• ADT LLC

• Assa Abloy AB

• Banham Patent Locks Ltd.

• CAME

• Global Security Devices Ltd.

• Hangzhou Hikvision Digital Technology Co.

• Honeywell International Inc.

• Inovonics Corporation

• Intruder Alarms Services Ltd.

• Johnson Controls International plc

• Napco Security Technologies

• Nidec Corporation

• RISCO Group Ltd.

• Robert Bosch Security and Safety System

• Schneider Electric

• SECOM

• Securitas AZ

• Stanley Security

• United Technology Corporation;

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 36

For more information about this report visit https://www.researchandmarkets.com/r/b84b2z

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