Smoke Detector Market Analysis By 2024 - Honeywell, Tyco, Johnson Controls, NEC Corporation, Schneider Electric, United Technologies, Siemens, Robert Bosch Inc and Nest Labs

Technological advancements and the adoption of IoT in the system are streamlining the adoption of the smoke detector market. IoT has made the system more efficient and easier to access as these devices are equipped with Bluetooth and Wi-Fi. Intelligent connected devices have found increasing applications in personal and commercial settings. Data from these devices is collected and used for analytics purposes. The data is combined with algorithms to prepare better emergency or evacuation plans. The analytics considers several factors, such as the number of people in the building, building maps, and location of incidence, to come up with better evacuation plans, propelling the smoke detector market growth.

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Players operating in the smoke detector market include companies such as Honeywell, Tyco, Johnson Controls, NEC Corporation, Schneider Electric, Hochiki America Corporation, United Technologies, Siemens, Robert Bosch Inc and Nest Labs. Manufacturers have adopted strategies such as acquisitions and product innovations to strengthen their hold on the smoke detector market. In November 2017, Honeywell International announced the acquisition of SCAME Sistemi. This move is expected to add new fire & gas safety capabilities to the portfolio of Honeywell, thereby strengthening its hold in the smoke detector market.

There is a rising focus on the reduction of fire accidents across the world. Accidents caused by fire and exhaust gases can lead to heavy losses in terms of monetary funds, human & animal life, property, assets, and physical infrastructural damage. The International Association of Fire and Rescue Services reported that approximately 3,390 people lost their lives to such incidents in the U.S. in 2016. Governments of various economies have also initiated safety regulations and initiatives, driving the adoption of the smoke detector market. For instance, the fire department in Bernalillo, New Mexico, initiated the “Free Smoke Detector Project”, under which they are distributing these devices for the local people for free to promote fire safety.

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The product-wise segmentation of the smoke detector market includes photoelectric, ionization, and dual-sensor detectors. Most manufacturers provide either photoelectric and ionization systems. Fire burns and inhalation of products, such as carbon monoxide, cyanide, and particulate matter, are the two major reasons that cause death in the fire & exhaust gases incidences and these incidences can only be detected by photoelectric systems. Large fire & exhaust gases incidents are mostly caused by long periods of smoldering such as unattended candles and ovens. Photoelectric sensors in the smoke detector market use a light beam to aid in the detection of the presence of exhaust gases, making it more effective in smoldering fire situations while ionization systems are responsive to flaming fires as they detect flames. The dual sensor segment of the smoke detector market has the combined the abilities of photoelectric and ionization sensors and are highly efficient in detecting both smoldering fires and active flames, providing an impetus for growth. However, these are priced significantly higher in comparison to its counterparts.

The end-user industry segment of the smoke detector market includes commercial, residential, transportation & logistics, telecommunication, oil & gas, mining, manufacturing, and others. The commercial sector has a massive potential for growth due to the rising concerns about the safety at the workplace, high possibilities of industrial fires, and the need for protecting the employee base. Residential application contributes toward a high share owing to the rising use of internet and smart devices in the household. Additionally, increasing construction of smart homes is also a major factor driving the growth of smoke detector market.

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China, Japan, and India have shown a substantial growth in infrastructure development in recent years. Consumers in these countries have started investing in smart residences due to an increase in the disposable income making Asia Pacific a prominent player in the smoke detector market. North America holds the largest revenue share due to the high demand from consumers in Florida, Texas, and California, who are highly susceptible to wildfires and overheating of homes. Additionally, these states are witnessing a residential reconstruction at a high pace. In June 2017, the Government of Florida has taken an initiative and installed 179 devices in the city of Greenacres. Additionally, the adoption of smart homes at a fast pace in the region also contributed to the smoke detector market share in North America.

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