Smoke Detectors Market Outlook with Expected 10.02% CAGR 2018 – 2023 | Global Key Vendors – Hochiki, Kidde Fire Safety, Honeywell, Hitachi, Schneider Electric, Gentex, Siemens AG

Marketprognosis.com Publish a New Market Research Report On “Global Smoke Detectors Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Smoke Detectors Market:

The report spread across 120 pages is an overview of the Global Smoke Detectors Market. These report study based on the Smoke Detectors Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Smoke Detectors Market was valued at USD 1.58 Billion in 2017, and is expected to reach USD 2.80 Billion by 2023, at a CAGR of 10.02%, over the forecast period (2018 - 2023). Regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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Smoke detectors are sensing devices used in combating fire by signaling any instance of smoke occurrences. They are installed in industrial, residential, and commercial sectors. Smoke Detectors transmit a signal to the fire alarm control panel, whereas household smoke detectors send out visual or audible alarms. Infrastructural development, such as the construction of hotels, residential and corporate buildings, educational institutions, entertainment buildings, and other commercial buildings, require fire protection. This is expected to increase the demand for smoke detectors, during the forecast period, thus, aiding in the growth of the market. Increasing pressure from governments of various countries to use smoke detectors in all establishments is also expected to be a driver for the smoke detector market. However, complexities associated with the installation of smoke detectors are expected to restrict the growth of smoke detector market, during the forecast period.

The need to ensure the safety of workers and protection of buildings, while trying to avoid a production halts during fire incidents (which not only caused death but also damaged the properties), governments and the other associations, in many countries, have made it mandatory to install smoke detectors. Rapid growth of the construction sector is also contributing to the increased usage of smoke detectors. In the United States, the Department of Consumer and Regulatory Affairs (DCRA) is working to educate public about new guidelines and requirements of smoke and carbon monoxide alarm detectors in residential buildings. In 2016, around 2,000 lives lost in residential fires in the United States, according to the Consumer Product Safety Commission (CPSC), United States. The governmental organization has set up standards and code activities for smoke alarms. These activities support CPSC’s strategic goal of reducing the mortality rate due to fire-related causes.

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Major Key Players:

1 Hochiki Corporation

2 Kidde Fire Safety

3 Honeywell International Inc.

4 Hitachi Ltd.

5 Schneider Electric Co.

6 Johnson Controls

7 Tyco International Plc.

8 Gentex Corporation

9 Siemens AG

10 Mircom Group and More………………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Smoke Detectors Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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