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Home » Smoke Detectors Market
Smoke Detectors Market
Smoke Detectors Market
Published date: Jul 2022 •Formats:
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Global Smoke Detector Market by Technology (Photoelectric, Dual Sensors, Ionization), By End Use (Commercial, Industrial, Residential), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

  • Published date: Jul 2022
  • Report ID: 55592
  • Number of Pages: 334
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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  • Smoke Detector Market Overview

    The global Smoke Detectors Market is estimated to grow 8.40% in the forecast period. It was valued at USD 2,156.96 million in 2021. The key driver of growth is the rising awareness of building fire safety. Additionally, the demand for smoke detectors is growing due to sustainable development in construction. These are the key factors that will drive technology’s growth.

    Global Smoke Detector Market Scope:

    Technology Analysis

    In 2023-2032, dual sensors will experience a 9.1% CAGR. Dual sensor detectors are increasingly popular because of their advantages over other ionization or photoelectric technologies. Photoelectric technology is used to detect fires that produce large smoke particles. While ionization technology is designed to detect fires with rapid flaming properties.

    Dual sensor technology can offer both solutions to fire safety. Major manufacturers are investing in new, technologically advanced technology to increase their competitive advantage. Honeywell International Inc.’s 1st dual sensor detector was launched in March 2017. It is a professional-installed and monitored wireless combination Carbon Monoxide and smoke detector for residential sectors. These technologically advanced technologies are expected to help fuel the market’s growth.

    Smoke Detectors Market

    End Use Analysis

    The residential segment is expected to experience the fastest CAGR, 8.9%, between 2023-2032. Global population growth leads to an increasing number of homes. The inclusion of fire and smoke protection devices in homes is a requirement for sustainable development by governments across the globe. According to projections, there will be significant growth in global urbanization. This will drive the residential fire alarm and smoke safety products market. According to the United Nations, 4.8 million people will live in urban areas in 2020, roughly 56% of the world’s population. This figure is approximately 66% of the world’s population. Favorable government policies, increasing smart home adoption, and technological advancements in home security are other key factors driving the market growth.

    Key Market Segments

    By Technology

    • Photoelectric
    • Dual Sensors
    • Ionization

    By End Use

    • Commercial
    • Industrial
    • Residential

    Market Dynamics:

    The construction industry has increased fire protection equipment usage by combining stringent regulations and favorable government initiatives. These initiatives increased the market opportunity for safety equipment. With the mandatory inclusion of fire safety devices across industrial, commercial, and residential sectors and many ongoing global projects, the market is full of technological innovations and opportunities.

    The combination of technological advancements in the construction sector and successive development of infrastructure across various countries, including the U.S., U.K., Germany, China, India, and China, has sparked a surge in demand for smoke and flame detection devices. This safety equipment has helped increase the safety factor in infrastructures. The photoelectric and double sensors devices have improved the system’s responsiveness. Furthermore, the new technology has reduced false alarms. Market growth is likely to be positively impacted by stricter fire safety regulations.

    Due to an increase in accidental fires in commercial and residential places, the market for smoke detection devices is expected to see significant growth. Commercial buildings and residential structures are more susceptible to small-scale fire damage. This fact is expected to increase the use of smoke and fire detection equipment as a safety measure in the construction sector. Multiple stories of modern residential and commercial infrastructure are compact, increasing the need for smoke and fire safety devices. Demand will rise further due to increased safety measures in the infrastructure sector. The market growth is likely to be hampered by the high initial cost of installation. Also, replacing an old detection system with a newer one is very costly. Manufacturers are developing retrofitting solutions to address this critical problem. These installations are simple and affordable, increasing customer demand for smoke detectors.

    Regional Analysis

    North America had a 32.8% market share in 2021 and is expected to rise to US$ 935.46 million in 2025. Numerous government policies are being implemented to decrease the number of accidental fires. In a report by the National Fire Protection Association of the USA (NFPA), approximately three out of five home fire caught deaths resulted from fires in homes without smoke alarms (19%) versus no smoke alarms (42%). These statistics encourage customers and businesses to install smoke alarm systems in their homes and commercial buildings.

    The Asia Pacific is expected to be the fastest growing region due to its expanding population, infrastructure, and real estate. Major players are looking to expand their customer base by implementing strategies such as mergers or acquisitions. Schneider Electric, a partner in partnership with Temasek Holdings, an investment company, signed an agreement to purchase the electrical and automated business of Larsen & Toubro Limited. This acquisition will merge Larsen & Toubro India’s Low Voltage & Industrial Automation Technology businesses.

    Smoke Detectors Market Regional Value

    Key Regions and Countries covered in the report:

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Market Share & Key Players Analysis:

    Manufacturers are taking strategic steps like mergers and purchases, capacity expansions, and technological innovations. The key manufacturers are Honeywell International Inc., Johnson Controls, Birdi, BRK Brands, Inc., Siemens AG, Kidde, Hochiki Corporation, and Huawei Technologies Co., Ltd. Major companies are expanding their geographical reach, especially in the developing world, to maximize technology penetration. Over the next few decades, it will be crucial to establish R&D and strategic partnerships to launch new innovations as per consumer demand. The companies will focus on innovation to reach the most market share in developing countries.

    Smoke Detectors Market Company Share

    Market Key Players:

    • Kidde
    • Honeywell International In
    • Johnson Controls
    • BRK Brands, Inc.
    • Siemens AG
    • Birdi
    • Huawei Technologies Co Ltd
    • Other Key Players

    For the Smoke Detectors Market research study, the following years have been considered to estimate the market size:

    AttributeReport Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

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    Frequently Asked Questions (FAQ)

    What is the size of the Smoke Detector market in 2021?

    The Smoke Detector market is estimated to be valued US$ 2,156.96 million in 2021.

    What is the projected CAGR at which the Smoke Detector market is expected to grow?

    The Smoke Detector market is expected to grow at a CAGR of 8.40% (2023-2032).

    List the segments encompassed in this report on the Smoke Detector market?

    Market.US has segmented the Global Smoke Detector Market Value (US$ Mn) Analysis by Region, 2022 market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By technology, market has been segmented into Photoelectric, Dual Sensors, Ionization, by end use, market has been segmented into Commercial, Industrial, Residential.

    List the key industry players of the Smoke Detector market?

    Kidde, Honeywell International In., Johnson Controls, BRK Brands, Inc., Siemens AG, Birdi, Huawei Technologies Co., Ltd, Other Key Players Other Key Players are the key vendors in the Smoke Detector market.

    Which region is more appealing for vendors employed in the Smoke Detector market?

    North America is expected to account for the highest revenue share of 32.8%. Therefore, North America’s Smoke Detector industry is expected to garner significant business opportunities over the forecast period.

    Name the key areas of business for Smoke Detector?

    The US, Mexico, Canada, China, Japan, India, etc. are key areas of operation for the Smoke Detector market.

    Which segment accounts for the greatest market share in the Smoke Detector industry?

    Concerning the Smoke Detector industry, Vendor can expect to leverage greater prospective business opportunities through the Dual Sensors segment, as this area of interest accounts for the largest market share.

    Smoke Detectors Market
    Smoke Detectors Market
    Published date: Jul 2022
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    • Kidde
    • Honeywell International In
    • Johnson Controls
    • BRK Brands, Inc.
    • Siemens AG
    • Birdi
    • Huawei Technologies Co Ltd
    • Other Key Players
    • Nestlé S.A Company Profile
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