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Global Smoke Detector Market Estimated to Gain $2783.82 Million by 2028

06-28-2022 01:51 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

Smoke Detectors Market

Smoke Detectors Market

A recent study by Triton Market Research titled 'Global Smoke Detector Market,' consists of the Global Analysis and Forecasts by End-user (Telecommunication, Manufacturing, Automotive, Commercial, Oil & Gas, Residential, Other End-users), Type (Dual Sensor, Photoelectric, Ionization, Other Types), Power Source (Hardwired Smoke Detectors, Battery-powered Smoke Detectors, Others {Hardwired with Battery}), and Regional Outlook (Europe, Latin America, Asia-Pacific North America, and Middle East and Africa).

Request Free Sample of the Global Smoke Detector Market Report @ https://www.tritonmarketresearch.com/reports/smoke-detector-market#request-free-sample

According to Triton's report, the global smoke detector market is deemed to attain revenue of $2783.82 million by 2028, growing at a CAGR of 8.10% during the forecast period 2022-2028.

A smoke detector is electronic fire-protection equipment that alerts the building's inhabitants by sounding an alarm. These are enclosed in a round-shaped, compact plastic container.

Fire incidents are consistently rising across the world. Fire outbreaks are common in construction activities, especially in high-rise structures. In the past few decades, major high-rise building fire incidents have resulted in the loss of human lives and property. For instance, the fire accident at the 24-story Grenfell Tower in London in 2017 took more than 70 lives, injuring 79 people. Such disastrous incidents worldwide have raised the fire-safety concerns in high-rise buildings. Thus, the demand for safety equipment such as smoke detectors has escalated, which boosts the market's growth.

On the other hand, the launch of smart smoke detectors, which come at a higher price, poses a threat to the market's growth. These smart detectors add an extra layer of safety to an apartment or house by alerting the household/person. They send an alert on the owner's smartphone, which makes it more expensive. Therefore, owing to such high costs, smart smoke detectors face a commercial barrier, due to which manufacturers are unable to sell them at a reasonable price. Hence, it affects the market's growth negatively.

The smoke detector market is segmented into end-user, type, and power source. The end-user section includes telecommunication, manufacturing, automotive, commercial, oil & gas, residential, and other end-users. The type section is branched into the dual sensor, photoelectric, ionization, and other types. Lastly, the power source segment is divided into hardwired smoke detectors, battery-powered smoke detectors, and others {hardwired with battery}.

Geographically, North America dominates the smoke detector market. Its growth can be attributed to the rising fire incidents in the region, which drive the demand for smoke detectors. The government in the US and Canada have implemented stringent smoke detector rules, which necessitate all living spaces, including hotels, single-family houses, rental properties, dormitories, etc., to install smoke alarms. Thus, such regulations promote the growth of the smoke detector market in North America.

Secom Co Ltd, Google Nest (Google), Hochiki Corporation, Carrier Global Corporation, Johnson Controls International, Schneider Electric, Siemens AG, ABB Ltd, Robert Bosch GmbH, Huawei Technologies Co Ltd, Honeywell International Inc, Ceasefire Industries Pvt Ltd, Protec Fire and Security Group Ltd, and BRK Brands Inc are the prominent companies listed in the smoke detector market.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/smoke-detector-market#purchase-option

Question & Answer: Smoke Detector Market

Question 1: What aspect boosts the global smoke detector market's growth?

Answer: Fire incidents are consistently rising across the world. Fire outbreaks are common in construction activities, especially in high-rise structures. In the past few decades, major high-rise building fire incidents have resulted in the loss of human lives and property. For instance, the fire accident at the 24-story Grenfell Tower in London in 2017 took more than 70 lives, injuring 79 people. Such disastrous incidents worldwide have raised the fire-safety concerns in high-rise buildings. Thus, the demand for safety equipment such as smoke detectors has escalated, which boosts the market's growth.

Question 2: What factors negatively impact the smoke detector market's growth?

Answer: The launch of smart smoke detectors, which come at a higher price, poses a threat to the market's growth. These smart detectors add an extra layer of safety to an apartment or house by alerting the household/person. They send an alert on the owner's smartphone, which makes it more expensive. Therefore, owing to such high costs, smart smoke detectors face a commercial barrier, due to which manufacturers are unable to sell them at a reasonable price. Hence, it affects the market's growth negatively.

Question 3: Which region dominates the smoke detector market?

Answer: Geographically, North America dominates the smoke detector market. Its growth can be attributed to the rising fire incidents in the region, which drive the demand for smoke detectors. The government in the US and Canada have implemented stringent smoke detector rules, which necessitate all living spaces, including hotels, single-family houses, rental properties, dormitories, etc., to install smoke alarms. Thus, such regulations promote the growth of the smoke detector market in North America.

Question 4: What are the prominent companies in the smoke detector market?

Answer: Secom Co Ltd, Google Nest (Google), Hochiki Corporation, Carrier Global Corporation, Johnson Controls International, Schneider Electric, Siemens AG, ABB Ltd, Robert Bosch GmbH, Huawei Technologies Co Ltd, Honeywell International Inc, Ceasefire Industries Pvt Ltd, Protec Fire and Security Group Ltd, and BRK Brands Inc are the prominent companies listed in the smoke detector market.

Related Report

Global Mass Notification Systems Market

The global mass notification systems market is expected to propel at a CAGR of 15.98% during the forecast period 2019-2028.

Mass notification systems allow communication, interaction, and chat with a group of people impacted by any situation, such as an emergency.

The market is driven by several factors, such as the growing concerns about public safety and the imposition of strict regulations for emergency & incident management.

Many organizations worldwide are adopting various solutions that offer a wide range of benefits like improvement of employee safety, better compliance tracking, and increased customer satisfaction. Such efforts provide profitable opportunities for the market's growth.

Triton Market Research
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