A person, a group of people, an organisation, and other goods are all protected by various security methods in the Commercial Security System Market against risks including theft, robbery, and other unethical behaviour in non-residential verticals. Fire protection systems, video surveillance systems, access control systems, and entrance control devices are some of the major security systems used to counter these dangers.
The Commercial Security System Industry is divided into many segments, with APAC dominating this market. Johnson Controls (Ireland), Hikvision (China), Carrier (US), Honeywell International (US), and Dahua Technology are the leading companies in the commercial security system market (China). Some of the factors contributing to these firms' significant market shares in the overall Commercial Security System Market include robust distribution networks, varied product portfolios, and a strong brand image. According to projections, the Commercial Security System Market Size would increase from USD 223.9 billion in 2021 to USD 342.6 billion in 2026.
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The top companies in the commercial security system market are Johnson Controls (Ireland), Hikvision (China), Carrier (US), Honeywell International (US), and Dahua Technology (China).
Johnson Controls (Ireland)
Johnson Controls provides goods and services for security, fire detection, suppression, and life safety. Tyco, Simplex, Grinnell, Sensormatic, Ansul, Simplex, Scott, and ADT, Software House, Visonic, Chemguard, and Exacq are some of the brand names that its products are sold under. Building Solutions North America, Global Products, Building Solutions EMEA/LA, and Building Solutions Asia Pacific are Johnson Controls' four main business segments. All 4 of the company's business segments sell the commercial security products. Johnson Controls is fostering sales growth by introducing competitive and distinctive products and services thanks to its broad market presence and global reach. The business makes significant investments to improve its R&D skills in order to achieve this. It can supply consumers with cutting-edge solutions and products thanks to its numerous R&D facilities across the world.
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Hikvision (China)
One of the top manufacturers and providers of goods and services for video surveillance is Hikvision. Modern production facilities are available at the company, which makes cutting-edge CCTV and video surveillance equipment. Smart IP cameras, HD analogue cameras, speed domes, NVRs, DVRs, video management software, access control and alarm systems, encoders, decoders, and other components of complex security systems are all part of Hikvision's product portfolio. Hikvision has years of experience creating and promoting products and has created a number of ground-breaking ones. The company is concentrating on investing in security-related goods and solutions in order to keep its market-leading position. One of the key players providing AI-based video surveillance products, such as the DeepView series, is Hikvision.
Carrier (US)
Carrier is a top supplier of products, services, and solutions for heating, ventilation, air conditioning (HVAC), refrigeration, fire, security, and building automation. Previously a division of United Technologies Corporation, Carrier was established as a separate business in March 2020. HVAC, refrigeration, and fire & security make up Carrier's three business segments. It offers a wide selection of fire and security equipment, such as portable fire extinguishers, fire suppression, burglar alarms, access control systems, video surveillance, and building management systems. It also provides fire, flame, gas, and smoke detection. Through product launches, alliances, and acquisitions, it concentrates on growing its technology company. The corporation wants to increase the quality of the fire suppression and detection systems it produces.
ADT (US), Dahua Technology (China), Bosch Security Systems (Germany), dormakaba Holding (Switzerland), Axis Communications (Sweden), SECOM (Japan), and ASS ABLOY (Sweden) are additional firms active in the commercial security system market.
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