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  • Smoke Detector Market Analysis | 2023-2028

    Smoke Detector Market Analysis | 2023-2028

    Smoke Detector Market Analysis | 2023-2028
    Report code - SR2237 Delivery - 2 Weeks
    Smoke Detector Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppor See more...

    Market Insights

    The Smoke Detector Market is expected to grow from USD 1.68 billion in 2022 to USD 2.72 billion by 2028 at a CAGR of 8.25% during the forecast period.

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    What is a smoke detector?

    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.

    Market Dynamics

    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.

    Smoke Detector Market Report Overview

    Market Size in 2028

    USD 2.72 billion

    Market Size in 2022

    USD 1.68 billion

    Market Growth (2023-2028)

    8.25% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2028

     

    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. 

    Segments Analysis

    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 market is segmented into the following categories-

    By Technology Type

    • Photoelectric 
    • Dual Sensors 
    • Ionization 

    By End-Use Type

    • Commercial 
    • Industrial 
    • Residential 

    By Region

    • North America 
    • Europe 
    • Asia-Pacific 
    • Rest of the World 

    By Technology Type

    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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    By End-Use Type

    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.

    Regional Analysis

    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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    Key Players

    The following are some of the key players in the smoke detector market:

    • Birdi
    • BRK Brands, Inc.
    • Hochiki Corporation
    • Honeywell International Inc.
    • Huawei Technologies Co., Ltd
    • Johnson Controls
    • Kidde
    • Robert Bosch LLC.
    • Siemens AG
    • Xtralis Pty Ltd.

    Research Methodology

    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. The report segments and analyzes the market in the most detailed manner in order 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 1,000 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.

    Report Features

    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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Smoke Detector Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and Passenger, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The smoke detector market is estimated to grow at a healthy CAGR of 8.25% over the next five years. The need for smoke detectors has increased due to the building industry's growing focus on sustainable development.

    The smoke detector market is likely to reach US$ 2.72 billion in 2028.

    North America is estimated to be dominant in the smoke detector 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.

    The residential end-use segment type leads the global market. The worldwide housing stock is growing as a result of the rising population.

    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.

    The market is studied from 2017-2028.