Smoke Detector Market to 2023 ( 8.5% of CAGR Expected) Dominating Industry Players Profiled easefire Industries Pvt. Ltd, Hochiki Corporation, Honeywell International, Johnson Control

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 the rise in investments in infrastructure.

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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.

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.

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The surge in the 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. However, the complications associated with the installation of smoke detectors is expected to restrain the growth of the market.

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

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