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. The base year considered for the study is 2015
and the forecast period is between 2016 and 2022. The market is driven
by factors such as increasing number of government mandate policies to
install smoke detector in residential sector, increased fire related
expenditure of various enterprises and rise in deaths & loss of
properties, and technological advancements have created higher level
application for smoke detector.
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The scope of this report covers the smoke detector
market based on power source, product, service, end-user industry, and
geography. The commercial sector held the largest size of the market in
2015, and is highly regulated sector for market. The smoke detectors
installed in commercial space are regulated by EN54, UL268, CCCF and
others. The manufacturing sector is also growing significantly owing to
the need to safeguard human lives and properties as well as to avoid
production halt.
There are many fire incidents which have not only
caused deaths of many employees but have also damaged properties. The
government and industrial associations are making it mandatory for
manufacturers to install smoke alarms, which can cater to the needs of
the manufacturing sector. 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 the smoke alarms market for the
residential sector.
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.
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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.
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