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Demand for security equipment projected to rise 7 percent a year through 2016

May 20, 2013Rich Miller

CLEVELAND—Global demand for security equipment will increase 7 percent annually to $117 billion in 2016, driven by a strong rebound in construction activity and advances in electronic security technology, according to a new report from The Freedonia Group.The research company, based here, said electronic products accounted for nearly 65 percent of security equipment sales in 2011, with the segment expected to post much stronger sales gains than mechanical security products through 2016.“Demand...

Dave Petina, Security Systems News (SSN), The Freedonia Group