Smoke Detector Market Size, Share, Business Outlook, Forecast, 2020–2027 | Covid-19 Impact Analysis, Key Segments

According to a new report published by Allied Market Research, titled, “Smoke Detector Market by Installation Type, Product Type, and EndUser: Opportunity Analysis and Industry Forecast, 2020–2027,” the global Smoke Detector Market size is expected to reach $3,405.7 million in 2027, from $1,807.0 million in 2019, growing at a CAGR of 8.3% from 2020 to 2027. In 2019, North America dominated the market, in terms of revenue, accounting for over 36.6% share of the global smoke Detector Market size.

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Smoke detectors are utilized for the identification of the presence of smoke in residential and non-residential buildings. They are mainly mounted on ceilings or walls as the generated smoke mainly travels upwards, being lighter than the indoor air. When the smoke is detected, a smoke alarm is triggered to alert the occupants such that fatalities of life and loss of property are avoided due to fire hazards.

Moreover, smoke detectors are mainly hardwired or connected by wires and are battery-operated. Proper planning during the installation of smoke detectors minimizes the risk of sudden fire outbreaks and reduces the loss of human life and building. Furthermore, there are two types of smoke detectors available in the market, which include ionization smoke detectors and photoelectric smoke detectors.

However, the combination of both prementioned types is also available in the market. In addition, the report also considers air sampling smoke detectors and linear bean smoke detectors, which are mainly utilized in commercial and industrial buildings such as warehouses, auditoriums, hospitals, manufacturing or industrial spaces, and others. These buildings have large open spaces where the high ceilings make the operation of photoelectric type and ionization type smoke detectors difficult. Air sampling smoke detectors provide early warnings of fire, which offers sufficient time for public evacuation. These detectors are further connected to central monitoring systems to provide remote control of the alarms.

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Key Segments

The global Smoke Detector Market is divided on the basis of installation type, product type, end-user, and region. By installation type, the market is bifurcated into hardwired and battery-operated smoke detectors. By product type, it is fragmented into ionization smoke detectors, photoelectric smoke detectors, dual sensor smoke detectors, and others. Based on end-users, the market is classified into commercial, manufacturing, residential, automotive, telecommunications, oil, gas & mining, and others.

By Region

The global Smoke Detector Market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to hold the largest smoke detector market share throughout the study period and Europe is expected to grow at the fastest rate.

Competition Analysis

The key market players profiled in the report include Ceasefire Industries Pvt. Ltd, Hochiki Corporation, Honeywell International, Johnson Control, Nest labs, Protec Fire Detection Plc, Robert Bosch, SECOM CO., LTD, Schneider Electric, Siemens AG, and United Technologies Corporation.

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