Smoke Detector Market Growth Statistics To Make Multi-Million Dollar Market During 2019-2024: First Alert Inc. (Newell Brands Inc.), Halma PLC, Hanwei Electronics Group Corp., Hochiki Corporation, Honeywell International Inc.

The smoke detector market is driven by factors such as Increasing support and initiatives from government bodies, and technological advancements and innovations in smoke detectors and their networking.

The smoke detector market on the basis of product has been segmented into photoelectric smoke detector, ionisation smoke detector, dual sensor smoke detector, and others. The cause of fire deaths in commercial and residential sector is mostly from smoldering fires, which can only be detected by these photoelectric or the dual sensors and as a result the market of both smoke detectors is booming. The market for ionisation smoke detectors has a low growth rate because of their false alarm rate, which have led consumers to disable their smoke alarms and also the disposal of ionisation smoke detectors causes an additional problem as they contain radioactive materials.

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Commercial sector held the largest market size; and residential sector would experience the highest growth rate. The end-user segment in smoke detector market comprises commercial sector, residential sector, oil, gas, & mining industry, manufacturing sector, telecommunication sector, transportation & logistics, and others. The commercial sector held the largest size of smoke alarm market in 2015 and is highly regulated sector for smoke detectors. The smoke detectors installed in commercial space are regulated by EN54, UL268, CCCF, and others. The increase in the number of government mandate policies in developed economies to install smoke alarms at homes and rapid development in the residential construction across the world is attributing to the high growth of smoke alarms market for the residential sector.

The market in Europe is expected to grow at the highest CAGR during the forecast period. Under the influence of government mandate policies, the countries in European region such Austria, France, and Germany are installing smoke alarms in their homes and is the main reason for the growth of smoke detector market in this region. Also, North America held for the largest market size of the smoke detector market in 2015. The high demand for smoke alarms from this region is mainly attributed to the rising number of deaths by fire, especially in residential sector, along with the rise in residential construction in key U.S. states such as Texas, Florida, and California.

Major players in this market are First Alert Inc. (Newell Brands Inc.), Halma PLC, Hanwei Electronics Group Corp., Hochiki Corporation, Honeywell International Inc., Johnson Controls International PLC., Nest Labs Inc., Robert Bosch GMBH, Schneider Electric SE, Siemens AG, United Technology Corporation, Vivint, Inc. among others. (Request free sample to get a complete list of companies)

On the basis of power source, the market has been segmented into battery powered, hardwired with battery backup, and hardwired without battery backup. The product segment consists of photoelectric detector, ionisation detector, dual sensor detector, and others. On the basis of service, the market has been segmented into engineering services, installation & design services, maintenance services, managed services, and others. The end-user segment includes commercial sector, residential sector, oil, gas & mining, telecommunication sector, transportation & logistics, manufacturing sector, and others. This global report gives a detailed view of the market across the four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World which includes the Middle East and Africa and South America. The report profiles the 10 most promising players in the smoke detector market.

The competitive landscape of the market presents a very interesting picture, wherein the, component manufacturers, and system integrators in the value chain have come together and are majorly focused on the development of advanced and improved smoke detector.

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Table of Content
1. Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology|
5. Introduction
6. Market Landscape
7. Market Segmentation by Product
8. Market Segmentation by Application
9. Drivers & Challenges
10. Smoke Detector Market in North America
Continue . . .

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