Smoke Detector Market Report Expects the Market Value of USD 3.1 BN BY 2026
Posted On October 09, 2020
The Global Smoke Detector Market is anticipated to grow at a compound annual growth rate ( CAGR ) of 7.9% during 2020-2026 while it was close to USD 1.8 BN in 2019. The market will outgrow to USD 3.1 BN by 2026 as per the research conducted by Value Market Research. This market's primary stimulating force is the government's initiative to make smoke detectors mandatory for all newly built and refurbished commercial and residential buildings. The increase in fire-related accidents and spending by numerous enterprises and SMEs to avoid them will boost the demand for smoke detectors. The several initiatives taken by the government and private organizations to safeguard infrastructure and human losses will be a market booster. Technological advancements, innovations in the development of smart smoke detectors, integration with other IoT devices, and their networking will benefit market growth. The barriers to the growth of this market are higher costs incurred and complications involved in installing and maintaining the smoke detector.
A smoke detector is an electronic device that senses smoke and issues a signal to indicate a fire in its surroundings. Smoke detectors are installed in large commercial, industrial, and residential buildings and are usually powered by a central fire alarm system. If properly installed and maintained, it plays a vital role in reducing fire deaths and injuries. Domestic smoke detectors can either be individual battery-powered units or several interlinked mains-powered units with battery backup. Many different types of detectors with varying sensitivity to smoke and smart and enhanced features like ionization, photoelectric, and addressable detectors are available in the market. Installing a smoke detector is becoming mandatory for all new constructions.
"Global Smoke Detector Market Report Market By Installation Type (Hardwired Smoke Detectors, Battery-Operated Smoke Detectors), By Product Type (Ionization Smoke Detectors, Photoelectric Smoke Detectors, Dual Sensor Smoke Detectors, Others), By End User (Commercial, Manufacturing, Residential, Automotive, Telecommunications, Oil, Gas & Mining, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The geo-economic factors and historic smoke detector industry trends are analysed to foresee and predict the forecasts for next six years.
On the basis of Installation Type the market is segmented into Hardwired Smoke Detectors, Battery-operated Smoke Detectors. By Product Type the smoke detector market is categorised as Ionization Smoke Detectors, Photoelectric Smoke Detectors, Dual Sensor Smoke Detectors, Others. By End User the smoke detector market is categorised as Commercial, Manufacturing, Residential, Automotive, Telecommunications, Oil, Gas & Mining, Others. The geographical segmentation of the report highlights the share of the revenue/volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
The Report Segments Global Smoke Detector Market -
By Installation Type
- Hardwired Smoke Detectors
- Battery-Operated Smoke Detectors
By Product Type
- Ionization Smoke Detectors
- Photoelectric Smoke Detectors
- Dual Sensor Smoke Detectors
By End User
- Oil, Gas & Mining
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
United Technology Corp, Tyco, Honeywell International, Johnson Controls, Siemens AG.
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