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Smoke Detector Market By Technology Type (Ionization Smoke Detection Device, Photoelectric Smoke Detection Device, Dual Sensor Smoke Detection Device), By End-Use Vertical (Commercial, Residential, Industrial, Others) - Growth, Future Prospects, and Competitive Landscape, 2019 - 2027

Increasing number of residential and commercial mishaps and popularity for smart homes across the globe to drive the smoke detectors market

The global smoke detector market is poised to reach US$ 3.01 Bn by 2027, expanding at a CAGR of 9.0% during the forecast period from 2019 to 2027. Increasing safety concerns for residential and commercial buildings and mounting penetration towards smart homes are perpetually growing the demand for smoke detectors. In addition, the integration of smoke detectors with digitization like IoT and AI are identified as the major factors driving demand for smoke detectors worldwide. However, higher installation cost and replacement cost due to transition from conventional to modern detectors are the major challenges faced by smoke detector market globally. 

Market Synopsis 

Smoke Detector Market

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Increasing Demand from the Commercial and Residential buildings to Drive Growth Prospects

Strict government policies and regulations in developing economies has mandate for the use of smoke detectors in commercial and residential infrastructures. Significant growth in urbanization across the globe is expected to increase the demand for smoke detectors from the sectors. Other key features affecting the growth of smoke detectors includes government initiatives, increasing adoption for smart technology like smart homes and security. With the infrastructural developments such as entertainment buildings, hotels, educational institutions, and other commercial buildings, owing to the ability to provide fire protection will drive the demand for smoke detectors.

Growing number of construction activities has initiated the need for smoke detectors to be installed in commercial infrastructures such as office spaces, shopping malls, buses, metros, and recreational centers. In the recent years, U.K. has increased its fire services across residential segment which is expected to boost up the smoke detector market.

Smoke Detector Market

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North America to Dominate, Asia Pacific to Witness Strong Growth

In the recent years, due to advancement in technology the North America holds around one-third of smoke detector market. The increased strictness in government policies and mandates for fire safety regulation in the U.S. and Canada has increased the demand for smoke detectors in this region. According to the National Fire Protection Association (NFPA), around 4% of homes in North America face death and mishaps due to non-availability of smoke detectors. In order to minimize the risk of deaths in residential and commercial buildings, use of smoke detectors has been mandated by government which in turn will drive the demand for smoke detectors across the region.

Asia Pacific region is going to witness a lucrative growth among the emerging economies such as China, India and Indonesia. The incorporation of the digital technology such as IoT and AI is bound to fetch a massive change to both small and large scale sectors in the Asia Pacific region. Growing construction activities in residential, commercial, industrial, and civil engineering sectors has fuel up the need for smoke detectors.

Implementation of smoke detectors with IoT will automatically enable the user by using a text-to-speech system for any fire mishap, owing to minimize casualties, economic & physical losses and operational activities. Integration of AI with smoke detectors helps in differentiate between combustion and non-combustion particles, which in turn reduces unwanted and false fire alarms with accurate detection.

Smoke Detector Market

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Key Players & Competitive Landscape:

Some of the leading manufacturers profiled in the study includes Kidde, Honeywell International Inc., Johnson Controls, BRK Brands, Inc., Siemens AG, ABB Group, Hochiki Corporation, Xtralis Pty Ltd., Robert Bosch LLC, and Huawei Technologies Co., Ltd.

Smoke Detector Market

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027

Report Scope by Segments

The research study on smoke detector market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global smoke detector market based on its technology type, end-use, and geography. Key segments covered in the report are as follows: 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Technology Type Segment (2017–2027; US$ Bn)
 • Ionization Smoke Detection Device
 • Photoelectric Smoke Detection Device
 • Dual Sensor Smoke Detection Device

 End Use Vertical Segment (2017–2027; US$ Bn)
 • Commercial
 • Residential
 • Industrial
 • Other Industries

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the global smoke detector market size in 2017 & 2018?
  • What is estimated forecast and market projections up to 2027?
  • Which is largest regional smoke detector market?
  • Which end-use vertical has the largest penetration of smoke detector and related facilities?
  • Which are the predominant trends shaping the global smoke detector market?
  • Which is the most promising, attractive, and less-explored end-use segment in the global smoke detector market?
  • Who are the leading manufacturers in the global smoke detector market?
  • What are the premiere strategies adopted by the leading players in the global smoke detector market?
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Published Date:  Oct 2019
Category:  Energy
Report ID:   59981
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
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