Residential Smoke Detectors Market in the US Spurred by Surge in Construction of Residential Buildings
A report recently added to the massive repository of MarketResearchReports.biz states that the US residential smoke detectors market is projected to expand at a healthy CAGR of 7.02% from 2016 to 2020. The 90-page market report is titled “Residential Smoke Detector Market in the US 2016-2020” and explores the structure, scope, and dynamics of the overall industry in detail. The publication also highlights the major companies vying for the top spot, the growth trajectory of the residential smoke detectors market in the US in the coming years, the micro and macro trends that are prevalent in the US market, and the most recent statistics with respect to the size, share, volume, and value of the domestic market from 2016 to 2020.
Smoke detectors enhance commercial and residential security by sensing smoke within a certain radius and indicating its presence through alarms or signals. Residential smoke detectors help in identifying the presence of smoke or a fire and prompt the required persons to prevent it from spreading.
The publication sheds light on the major factors driving and limiting the growth of the residential smoke detectors market in the US and studies the potential impact of these forces during the forecast period. The research report indicates that the surge in residential construction in the US is mainly responsible for the expansion of the residential smoke detectors market in the country. In contrast, the disposal of smoke detectors is a major challenge that market players need to address. The report also states that the integration of smoke detectors with building systems is a trend that holds immense potential for future growth.
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The research study examines the US residential smoke detectors market on the basis of sensor type, power source, and type of residential building. By the type of sensor, the residential smoke detectors market in the US is segmented into photoelectric, ionization, dual sensors, and others. By the power source, the US residential smoke detectors market is categorized into hardwiring with back-up batteries, battery-powered devices, and hardwiring without back-up batteries. By the type of residential building, the smoke detectors market in the US is classified into multi-family houses and single family houses. These segments have been evaluated for the period 2015 to 2020, with revenue figures in US$ million.
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The most noteworthy players actively participating in the US residential smoke detectors market include Honeywell Security Group, Siemens, BRK, and Kidde. Other leading vendors operating in this market include Xtralis, Mircom, System Sensors, USI Electric/Universal, Gentek, Apollo Fire Detectors Ltd., and Hochiki America. The revenue figures of each company have been provided in the research study, in addition to details with respect to geographical segmentation, type of product, and business segmentation. The strengths and weaknesses of each of the topmost vendors have been discussed at length in the report, along with the opportunities and threats they may face in the near future.
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