Smoke Detector Market 2021 Insights and Precise Outlook - Schneider Electric, Johnson Controls, Siemens AG, Honeywell International, Hitachi

Smoke Detector market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2021 to 2025 are profiled in this report.

The Smoke Detector Market was valued at USD 1.80 billion in 2019 and is expected to reach USD 2.90 billion by 2025, at a CAGR of 8.3% over the forecast period 2020 - 2025.

The Smoke Detector market is highly competitive and consists of a number of major players: Schneider Electric, Johnson Controls, Siemens AG, Honeywell International, Hitachi, Hochiki Corporation, Kidde Fire Safety, Tyco, Gentex Corporation, Mircom Group

Company News :

- January 2018 - Siemens building technologies division introduced a smoke sensor which can be utilized in buildings, rounding out its product offering for a healthy indoor climate. The sensor can be used to monitor smoke pollution and detection and is easy to integrate into building management systems.

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Scope of the Report

Smoke detectors are employed to detect smoke in the surrounding environment, in case of a fire emergency the system can trigger alarms and activate safety systems. The systems come in different types depending on the use and environment used. These systems are really important and are being employed in many commercial and residential areas.

Key Market Trends

Residential Applications to Drive the Demand for Smoke Detectors

- With increasing focus on safety across homes, smoke and fire detectors are increasingly being used.
- In the US, according to the NFPA (National Fire Protection Association), with 2,630 home fire deaths accounting for 77% of all civilian fire deaths, fire-safety initiatives targeted at the home remain the key to any reductions in the overall fire death toll.
- Moreover, fire system installations in the country increased in 2018 for the fourth time since 2012 with a 6% gain. Also, the National Association of Home Builders (NAHB) forecast a 10% growth in single-family construction in 2018.
- Moreover, the United Kingdom has also witnessed an increase in fire services over the past few years. Further, with the expansion of smart homes trend across the world, the demand for smoke and fire detectors has hiked. Thus, the installation of smoke detectors in the residential segment is expected to grow further.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Smoke Detector Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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