Smoke Detector Market at a CAGR of 8.3% from 2021 to 2027

The Market Statsville Group (MSG) publishes the new report on the "Smoke Detector Market by Product Type (Installation Type, Photoelectric Smoke Detector, Dual Sensor Smoke Detector, and Others), by Installation Type (Hardwired, and Battery-Operated), by End User (Commercial, Residential, Manufacturing, Telecommunication, Automotive, Oil & gas, and Others), by Distribution Channel (Online and Offline), and by Region - Global Trends, Market Share, and Forecast to 2027". The global smoke detector market was valued at USD 1,946 million in 2020 to USD 3,405.7 million by 2027, at a CAGR of 8.3% from 2021 to 2027. The government agencies mainly provide awareness for fire safety and prevention to avoid economic losses due to fire-related emergencies. The Building Regulations published by the government organizations provide the outline for preventing the spread of fire, provision of escape routes, early warnings of fire, and others. Under these regulations, various governments have made it mandatory to install smoke detection systems in residential as well as commercial buildings.

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For instance, the Scottish Government updated its bylaws to instate a high standard of fire protection in residential buildings. The government's new alarm requirements include the installation of one functioning smoke alarm in the frequently used room during the daytime, one smoke alarm in every circulation space on every floor of the buildings, one heat alarm in the kitchen, and others. In addition, the alarms need to be interconnected to get immediate alerts in case of fire outbreaks. Such regulations make it mandatory to install smoke detectors, thus, driving the growth of the smoke detectors market.

Global Smoke Detector Market Segmentation
The smoke detector market has been segmented into the installation type, product type, distribution channel, end user, and regions.

By Installation Type Outlook (Thousand Units, Sales, USD Million, 2017-2027)

Hardwired
Battery-Operated
By Product Type Outlook (Thousand Units, Sales, USD Million, 2017-2027)

Installation Type
Photoelectric Smoke Detector
Dual Sensor Smoke Detector
Others
By Distribution Channel Outlook (Thousand Units, Sales, USD Million, 2017-2027)

Online
Independent Sites (Manufacturers Website)
Dependent Sites (Ecommerce)
Offline
Electronic Stores
Wholesalers
Standalone Stores
Independent Sellers
Others
By End User Outlook (Thousand Units, Sales, USD Million, 2017-2027)

Commercial
Residential
Manufacturing
Telecommunication
Automotive
Oil & gas
Others
By Region Outlook (Thousand Units, Sales, USD Million, 2017-2027)

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North America (US, Canada, Mexico)
South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)
Software, by Product Type, is estimated to hold the largest market share during the forecast period

Based on product type, the global smoke detector market is characterized into ionization smoke detectors, photoelectric smoke detectors, dual sensor smoke detectors, and others. In 2020, Photoelectric accounted for the largest market share of 43.26% in the global smoke detector market and had a CAGR of 8.7% during the forecast period.

Photoelectric smoke detectors are less prone to triggering false alarms than ionization smoke detectors. The advancements in photoelectric smoke detectors are a significant driver for the growth of the smoked detector market. For instance, China-based X-sense Innovations Co., Ltd. offers an X-sense SD03 photoelectric smoke detector that takes three smoke samples before starting the alarm, which avoids triggering false alarms. It also has three three-color LED lights which allow easy alerting in the dark and for hearing impaired people.

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North America accounts for the largest market share during the forecast period.

Based on the regions, the global smoke detector market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America accounted for the highest market share of 36.19% in the global smoke detector market. It was anticipated to maintain its dominance throughout the forecast period, followed by Europe and the Asia Pacific.

The smoke detectors are widely used in this region, owing to the widespread awareness about fire protection and prevention. The rise in new construction activities of residential and commercial buildings, mainly in the U.S. and Canada, drives the market growth of smoke detectors in the region. According to the National Fire Protection Association (NFPA) based in the U.S., nearly half of the fatalities caused by fire hazards in North America occur in the 4% of homes that do not have smoke detectors or alarms.

Some of the major companies that operate in the global smoke detector market are 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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