Smoke Detector Market Share and Trends Analysis- 2027 | End-User (Commercial, Residential, Manufacturing, Telecommunication, Automotive, Oil & Gas, and Others)

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 Americadominated the market, in terms of revenue, accounting for over 36.6% share of the globalSmoke Detector Market size.

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Smoke Detector Market by Installation Type (Hardwired and Battery-operated), Product Type (Ionization Smoke Detectors, Photoelectric Smoke Detectors, Dual Sensor Smoke Detectors, and Others), and EndUser (Commercial, Residential, Manufacturing, Telecommunication, Automotive, Oil & Gas, and Others)

Smoke detectors minimize the hazards caused due to accidental fire outbreaks by using an alarm system to detect accumulation of smoke. The smoke detectors may or may not be attached to water sprinklers which turn on with the discernment of smoke, and thereby avoid human and property loss.

Fire safety is an important part of building planning and construction, and the stringent governmental laws are making it necessary to installation smoke detection systems in commercial, residential, and industrial structures.Smoke detectors are most widely classified into types, namely, photoelectric smoke detectors and ionization smoke detectors. However, dual sensors smoke detectors are also available, which integrate both photoelectric as well as ionization principles.

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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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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