The smoke detector market has witnessed major developments in the
past few years. North America and Europe are major regions where smoke
detectors have witnessed maximum growth. This is because of the presence
of key players in the smoke detector market and key end-users of smoke
detectors.
The smoke detector 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% between 2016 and 2022.
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The smoke detector 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% between 2016 and 2022.
Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=162940771
Major players operating in the smoke detector
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. The top five players that hold maximum share in smoke
detector market are Honeywell International (U.S.), United Technologies
Corporation (U.S.), Tyco (Ireland), Siemens AG (Germany), and Johnson
Controls (U.S.).
United Technologies Corporation (U.S.) ranked first
in the smoke detector market in 2015. UTC follows an organized approach
toward fire security. The company focuses on enhancing its fire and
security system portfolio by adopting new strategies and divesting its
non-core businesses. Kidde is the brand and business division of UTC
that manufactures and distributes fire protection equipment such as
smoke detectors or smoke alarms, fire detectors, CO alarms for various
commercial, residential and industrial sectors. Rapid urbanization and
strong commercial aerospace growth assist UTC in increasing its customer
base.
This has resulted in the increase in opportunities in the
aerospace domain. The UTC climate and controls & security segment
further strengthens the company’s market presence. UTC has established
several joint ventures in the local market and has also increased
product localization across various markets. The company focuses on
maintaining a balanced and diversified portfolio of businesses to limit
the impact of the economy of any one country or an industry on operating
results.
The company’s offerings include OEM and aftermarket parts and
services in the UTC climate and controls & security as well as
commercial aerospace spares businesses. Its customers include companies
in both the public and private sectors, and its businesses reflect an
extensive geographical diversification that has evolved with the
continued globalization of the world economies.
Honeywell International is one of the innovative
wireless smoke detector providers. Its business performance,
technologies, and strategies have a significant impact on the security
and safety management and utilization solutions sectors. It focuses on
expanding its services and solutions by introducing new product lines,
which encourage security and safety practices to pre-empt safety
incidents before they occur.
The company aims on strengthening its
footprint significantly in the fields of engineering, research, and
manufacturing in the U.S., France, the U.K., Romania, Mexico, Brazil,
South Korea, Japan, and China. To further broaden its product portfolio,
the company has adopted the strategies of acquisitions and new product
launches. For instance, in 2016, Honeywell acquired Xtralis (Ireland), a
leading global provider of aspirating smoke detection, advanced
perimeter security technologies, and video analytics software for USD
480 million.
Xtralis aspirating smoke detection solutions protect many
Fortune 500 companies and famous infrastructures worldwide, to provide
early warning and verification of threats to speed response time and
minimize facility damages and potential injuries. In 2015, Honeywell
expanded its Lyric product family with the introduction of Lyric home
security, a new home security system. In 2014, the company launched a
new commercial wireless fire or smoke alarm solution, as well as
acquired RAE Systems, Inc., a global gas and radiation detection systems
and software company. It has also made significant investments in its
R&D.
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Mr. Shelly Singh
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
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