Freedonia In The News

Article Title: Rebound in construction, capital investments expected to spur market
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Publication: SecurityInfoWatch, 8/29/2012
Freedonia Study: Security Products (2917)

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A rebound in construction and capital investment is expected to spur an increased demand in security products in the U.S., according to a new report from market research firm The Freedonia Group. In fact, the "Security Products" study forecasts the U.S. market for security products and systems to increase 6.3 percent annually to $19.9 billion in 2016.
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Article Title: Report: U.S. demand for security products, systems to reach nearly $20B in 2016
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Publication: Security InfoWatch, 2/15/2013
Freedonia Study: Security Products (2917)

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Among the different product categories, electronic access control systems and locks are expected to see the fastest gains, growing at 9 percent annually to $5.6 billion in 2016. The research firm said that increasing consumer interest in automating security functions and a shift away from manned security will drive demand for access control.
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Article Title: Report: Global demand for security equipment to reach $117B in 2016
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Publication: Security InfoWatch, 4/1/2013
Freedonia Study: Security Products (2917)

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Among individual national markets, China and India are expected to see the fastest increases in security equipment demand as both are expected to growth in excess of 10 percent annually through 2016. In fact, through 2016, China is forecast to account for more than one-quarter of global gains in security equipment sales, according to the report. Although it will lag slightly behind the global average, security equipment demand in North America is still expected to increase by 6.5 percent annually through 2016.
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