Press release
Global smoke detector market is estimated to grow from USD 1.36 Billion in 2015 to USD 2.31 Billion by 2021
Market Size and Forecast
The global smoke detector market is estimated to grow from USD 1.36 Billion in 2015 to USD 2.31 Billion by 2021, registering a compound annual growth rate (CAGR) of 5.22 % during 2015- 2021.North America smoke detector market is anticipated to grow at a healthy; U.S. smoke detectors market has held the highest market share in comparison to other countries in this region.
Asia Pacific region is projected to overtake North American smoke detector market in the anticipated period i.e. 2015-2021. China, India, Singpore and New Zealand smoke detector market are likely to witness maximum growth in near future.
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Europe smoke detector market is expected to grow at faster rate owing to increasing spending on infrastructure by enterprises in the upcoming years.
Market Segmentation
By Product
Based on the product type, the global smoke detector market is segmented into:
• Photoelectric Smoke Detector
• Dual Sensor Smoke Detector
• Ionization Smoke Detector
• Others
By Power Source
Depending upon the Power Source, the global smoke detector market is divided into:
• Hardwired With Battery Back Up
• Hardwired Without Battery Back Up
• Battery Powered
By Services
On the basis of Services, the global smoke detector market is studied into:
• Installation & Design Services
• Engineering Servicess
• Maintenance Services
• Managed Services
• Others
By End User
While drilling the industry by End-User, the global smoke detector market can be defined into:
• Oil, Gas & Mining
• Transportation & Logistics
• Residential
• Commercial
• Manufacturing
• Telecommunication
• Others
Growth Drivers and challenges
Continuous innovation in smoke detector technology and their networking, emergent initiatives taken by the governments across the globe, rising expenditure on fire protection devices etc. are some of the major driving factors of smoke detector market in the coming years.
In addition to that, intensification in injuries and deaths owing to fire in the commercial and domestic building are the major cause to uplift the demand of global smoke detector market.
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High installation cost and annual maintenance charges, stringent government regulation for fire prevention, un-organized market etc. are few of the major challenge faced by the global smoke detector over the forecasted period i.e. 2015-2021.
This report also provides the existing competitive scenario of some of the key players of the global smoke detector market which includes company profiling of Honeywell International Incorporation, Siemens AG, Hochiki America Corporation, Tyco International PLC, United Technologies Corporation, Johnson Controls International Plc., Hitachi Ltd, and NEST Technologies Corp. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global smoke detector market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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