Global Smoke detector market is anticipated to reach USD 2.31 Billion by 2021

The global smoke detector market is estimated to grow from USD 1.36 Billion in 2015 to USD 2.31 Billion by 2021, registering a compound annual growth rate (CAGR) of 5.22 % during 2015- 2021.

Growth Drivers and challenges

Continuous innovation in smoke detector technology and their networking, emergent initiatives taken by the governments across the globe, rising expenditure on fire protection devices etc. are some of the major driving factors of smoke detector market in the coming years.

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In addition to that, intensification in injuries and deaths owing to fire in the commercial and domestic building are the major cause to uplift the demand of global smoke detector market.

Market Size and Forecast

North America smoke detector market is anticipated to grow at a healthy; U.S. smoke detectors market has held the highest market share in comparison to other countries in this region.

Asia Pacific region is projected to overtake North American smoke detector market in the anticipated period i.e. 2015-2021. China, India, Singpore and New Zealand smoke detector market are likely to witness maximum growth in near future.

Key Players
Nec Corporation
Honeywell
Siemens
Hochiki America
Tyco
UTC
Johnson Controls
Hitachi

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Market Segmentation

By Product

Based on the product type, the global smoke detector market is segmented into:
Photoelectric Smoke Detector
Dual Sensor Smoke Detector
Ionization Smoke Detector
Others

By Power Source

Depending upon the Power Source, the global smoke detector market is divided into:
Hardwired With Battery Back Up
Hardwired Without Battery Back Up
Battery Powered

By Services

On the basis of Services, the global smoke detector market is studied into:
Installation & Design Services
Engineering Servicess
Maintenance Services
Managed Services
Others

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This release was published on openPR.