Smoke Detector Market Current Trends and Future Industry Vision - Prominent Players Profiled Ceasefire Industries Pvt. Ltd, Hochiki Corporation, Honeywell International, Johnson Control, Nest labs,Protec Fire Detection Plc

According to this report, the global smoke detectors market was valued at from $1,594 million in 2017, and is expected to reach $2,602 million by 2023, registering a CAGR of 8.5% from 2017 to 2023. Asia-Pacific is expected to exhibit the highest growth, owing to the growth in potential startups, consumers disposable income, increase in urbanization & industrialization, along with rise in investments in infrastructure.

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The demand for global smoke detectors market is expected to grow, owing to its ability to provide fire protection measures with the increase in infrastructural development such as hotels, residential, corporate buildings, educational institution, and others.

Moreover, surge in number of fire accidents contributes to the growth in demand for smoke detectors market. Moreover, rise in industries, such as food & beverage, industrial & automotive, and electronic, is expected to drive the growth of the market due to several applications.

The photoelectric smoke detectors segment is expected to generate the maximum revenue in the global market during the forecast period, and is expected to account for $1,140 million until 2023. Dual sensors market is expected to register the highest CAGR of 10% during the forecast period. This scenario is attributed to the ability of dual sensor smoke detectors to detect the smoldering fire caused in the commercial buildings.

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This report provides a comprehensive analysis of

-Top impacting Growth Factors
-Competitive Analysis of Leading Market Players
-Current and Future Market Trends
-Market Segmentation
-Revenue Estimation by 2023

Questions answered in the Smoke Detector Market research study:

-What is the market growth rate of Smoke Detector Market from 2017 to 2023?

-What will be the market size by 2023?

-Who are the leading manufacturing companies in the Smoke Detector Market?

-What are the major current trends and estimated trends?

-What are the challenges faced in the Smoke Detector Market?

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