Recently, Ingersoll Rand officially completed the sale of its security business, which had been in the works for over a year. An Fengjie, Senior Vice President of Global and President of the Asia-Pacific Region, revealed that the security division contributed 15% to the company’s $14 billion revenue last year, totaling $2.1 billion. The newly established company is expected to generate annual sales of around $2 billion. It will focus on three main areas: architectural hardware like locks, door closers, and steel doors; electronic access control systems, biometrics, and labor management; and video surveillance and integrated security solutions. On the civilian side, it will include smart locks, access control systems, parking solutions, and home-based video surveillance.
As awareness of home security grows, the civil security market is gradually expanding. With the rise of smart homes and the integration of IoT and triple-play technologies, new solutions such as remote monitoring via smartphones and smart home systems are emerging. This shift could significantly reshape the civilian security landscape. The establishment of key institutions like the National Security Council and the Central Leading Group for Deepening Reform signals increased government focus on security, suggesting potential opportunities in both security and environmental protection sectors.
Currently, China's civilian security market accounts for only 6% of the total security industry output, while in the U.S., the civilian segment makes up over 50%, with a global average of around 10%. This indicates that China's civilian security market is still in its early stages, but growing awareness of safety is driving more manufacturers to enter this space. As demand for security increases, the civilian market has the potential to grow rapidly.
According to overseas security giants, revenue from security services can surpass that of equipment sales. For example, ADT, the largest security company in North America, generated $3.228 billion in 2012, with 89.93% coming from recurring customer revenue. Similarly, Japan's SECOM earned 765.63 billion yen in 2013, with 57.62% from security services, showing strong profitability in this sector. As the market matures, the shift from product sales to service-based models may become a key trend in the future.Shandong Zeen Decoration Material Co., Ltd. , https://www.zeendecor.com