Smoke Detector Market expected to be worth 2.52 Billion USD by 2022

According to the new market research report "Smoke Detector Market by Power Source (Battery Powered, Hardwired With Battery Backup, Hardwired Without Battery Backup), Product (Photoelectric, Ionization, Dual Sensor, & Other Detector), End-User Industry, Service, and Region - Global Forecasts to 2022", the total market is expected to grow from USD 1.31 Billion in 2015 to USD 2.52 Billion by 2022, at a CAGR of 9.2% during the forecast period. The smoke detector market is driven by factors such as Increasing support and initiatives from government bodies, and technological advancements and innovations in smoke detectors and their networking.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownload.asp?id=162940771

Browse 76 market data tables with 63 figures spread through 149 pages and in-depth TOC on "Smoke Detector Market" 

 

Dual Sensor detectors to register the highest growth rate; whereas photoelectric detector held the largest share

The smoke detector market on the basis of product has been segmented into photoelectric smoke detector, ionization smoke detector, dual sensor smoke detector, and others. The cause of fire deaths in commercial and residential sector is mostly from smoldering fires, which can only be detected by these photoelectric or the dual sensors and as a result the market of both smoke detectors is booming. The market for ionization smoke detectors has a low growth rate because of their false alarm rate, which have led consumers to disable their smoke alarms and also the disposal of ionization smoke detectors causes an additional problem as they contain radioactive materials.

Commercial sector held the largest market size; and residential sector would experience the highest growth rate

The end-user segment in smoke detector market comprises commercial sector, residential sector, oil, gas, & mining industry, manufacturing sector, telecommunication sector, transportation & logistics, and others. The commercial sector held the largest size of smoke alarm market in 2015 and is highly regulated sector for smoke detectors. The smoke detectors installed in commercial space are regulated by EN54, UL268, CCCF, and others. The increase in the number of government mandate policies in developed economies to install smoke alarms at homes and rapid development in the residential construction across the world is attributing to the high growth of smoke alarms market for the residential sector.

Market in Europe to grow at the highest rate

The market in Europe is expected to grow at the highest CAGR during the forecast period. Under the influence of government mandate policies, the countries in European region such Austria, France, and Germany are installing smoke alarms in their homes and is the main reason for the growth of smoke detector market in this region. Also, North America held for the largest market size of the smoke detector market in 2015. The high demand for smoke alarms from this region is mainly attributed to the rising number of deaths by fire, especially in residential sector, along with the rise in residential construction in key U.S. states such as Texas, Florida, and California.

Major players in this market are Hochiki Corporation (Japan), Honeywell International (U.S.), United Technologies Corporation (U.S.), Tyco (Ireland), Siemens AG (Germany), Johnson Control (U.S.), Robert Bosch (Germany), NEC Corporation (U.S.), Nest labs (U.S.), and Schneider Electric (France) among others.

Inquiry Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=162940771

 

Study Coverage:

On the basis of power source, the market has been segmented into battery powered, hardwired with battery backup, and hardwired without battery backup. The product segment consists of photoelectric detector, ionization detector, dual sensor detector, and others. On the basis of service, the market has been segmented into engineering services, installation & design services, maintenance services, managed services, and others. The end-user segment includes commercial sector, residential sector, oil, gas & mining, telecommunication sector, transportation & logistics, manufacturing sector, and others. This global report gives a detailed view of the market across the four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World which includes the Middle East and Africa and South America. The report profiles the 10 most promising players in the smoke detector market.

The competitive landscape of the market presents a very interesting picture, wherein the, component manufacturers, and system integrators in the value chain have come together and are majorly focused on the development of advanced and improved smoke detector.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. 

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com