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Smoke Detector Market Analysis | 2023-2028
Smoke Detector Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
The smoke detector market was estimated at USD 1.68 billion in 2022 and is likely to grow at a CAGR of 8.25% during 2023-2028 to reach USD 2.72 billion in 2028.
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A smoke detector is a device that detects smoke, usually as a fire indicator. When activated as part of a fire alarm system, commercial smoke detectors generally do not sound an alarm, but some do have built-in sounders.
Instead, they alert the fire alarm control panel. A household smoke detector, also known as a smoke alarm, usually emits an audible or visual signal from the detector itself or, if multiple detectors are linked together, from several detectors.
The use of fire safety equipment in the construction industry has increased because of favorable government efforts and strict regulations. These initiatives broadened the market reach of safety equipment. Because fire safety equipment is required in all industrial, commercial, and residential sectors, as well as the existence of several ongoing projects around the world, the market is ripe for new technologies and technological innovation.
One of the major elements propelling the growth of the market is the increase in public knowledge of building fire safety. The need for smoke detectors has also increased due to the building industry's growing focus on sustainable development. These significant factors are likely to accelerate the development of technology.
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The following are the key players in the Smoke Detector Market (arranged alphabetically)
Note: The above list does not necessarily include all the top players in the market.
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
|
Technology-Type Analysis |
Photoelectric, Dual Sensors, and Ionization |
Dual sensors dominate the market and are expected to lead the market during the forecast period. |
|
End-Use-Type Analysis |
Commercial, Industrial, and Residential |
The residential end-use segment leads the global market during the forecast period. |
|
Regional Analysis |
North America, Europe, Asia-Pacific, and Rest of the World |
North America is expected to remain the largest market for smoke detectors during the forecast period . |
“Dual sensors dominate the market and are anticipated to maintain their leadership throughout the forecast period.”
The market for smoke detectors is segmented as photoelectric, dual sensors, and ionization. Dual sensors dominate the market and are expected to lead the market during the forecast period. The popularity of these dual-sensor detectors is growing as a result of their many advantages over photoelectric and ionization technologies.
In contrast to ionization technology, designed to detect flames with fast-igniting characteristics, photoelectric technology is specialized in detecting fires that produce large amounts of smoke. Both types of fire accident prevention strategies are possible with dual sensor technology. To gain a competitive advantage, major corporations are implementing cutting-edge technology.
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“The residential end-use segment is projected to lead the global market throughout the forecast period.”
The market is segmented as commercial, industrial, and residential. The residential end-use segment leads the global market. The worldwide housing stock is growing as a result of the rising population. Governments worldwide are pushing for sustainable development, including making smoke and fire protection equipment mandatory in homes.
“North America is anticipated to remain the largest market throughout the forecast period.”
The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, North America is expected to remain the largest market for smoke detectors during the forecast period because of government programs to provide funding for creating new and existing infrastructure projects, rising public awareness of fire safety and protection, and the presence of large factories in the US and Canada. Europe and Asia-Pacific are also expected to offer substantial growth opportunities in the coming years.
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s smoke detector market realities and future market possibilities for the forecast period of 2023 to 2028. After a continuous interest in our smoke detector market report from the industry stakeholders, we have tried to further accentuate our research scope to the smoke detector market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The smoke detector market is segmented into the following categories:
By Technology Type
By End-Use Type
By Region
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Company Profiling
Competitive Benchmarking
Custom Research:
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A smoke detector is a device that detects smoke, usually as a fire indicator. When activated as part of a fire alarm system, commercial smoke detectors generally do not sound an alarm, but some do have built-in sounders. Instead, they alert the fire alarm control panel. A household smoke detector, also known as a smoke alarm, usually emits an audible or visual signal from the detector itself or, if multiple detectors are linked together, from several detectors.
The smoke detector market was estimated at USD 1.68 billion in 2022.
The forecasted value of the smoke detector market is expected to be USD 2.72 billion in 2028.
The smoke detector market is likely to grow at a CAGR of 8.25% during 2023-2028.
North America is estimated to be dominant in the market in the coming years because of government programs to provide funding for creating new and existing infrastructure projects, rising public awareness of fire safety and protection, and the presence of large factories in the US and Canada.
Dual sensors dominate the market and are expected to lead the market during the forecast period. The popularity of these dual sensor detectors is growing as a result of their many advantages over photoelectric and ionization technologies.
Kidde, Honeywell International Inc., Johnson Controls, BRK Brands, Inc., Siemens AG, Birdi, Hochiki Corporation, Huawei Technologies Co., Ltd., Xtralis Pty Ltd., and Robert Bosch LLC are some of the key players in the market.
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