Smoke Detector Industry Market Overview, Top Manufacturers, Market Size, Opportunities and Forecast by 2025
According to the latest report by IMARC Group titled, “Smoke Detector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market grew at a CAGR of 9% during the historical period of 2014-2019. Looking forward, IMARC Group expects the market to continue its double-digit growth rate during the next five years.
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A smoke detector is an electronic device that automatically senses the presence of smoke as an early indication of fire. It offers users the time to save themselves, their family and essentials, and inform the authorities. It is mainly manufactured using two parts, which includes a smoke sensor and an alarm. A smoke detector is affordable, easy to install and it assists in preventing fire accidents. Consequently, it is nowadays widely utilized in residential, commercial and industrial buildings across the globe.
The demand for smoke detectors is escalating due to rapid urbanization, increasing infrastructural investments and growing awareness among individuals, especially in emerging economies. Apart from this, the increasing penetration of the internet, boosting sales of IoT-enabled devices and the rising trend of digitalization is strengthening the market growth. Some of the other factors driving the market include the construction of IT hubs, data centers and smart buildings, and initiatives undertaken by governing authorities in numerous countries.Browse full report with detailed TOC and list of figures and tables:
Insights on Market Segmentation:
Breakup by Product Type
1. Photoelectric Smoke Detector
2. Dual Sensor Smoke Detector
3. Ionization Smoke Detector
Breakup by Power Source
1. Hardwired with Battery Backup
2. Hardwired without Battery Backup
3. Battery Powered
Breakup by End User
1. Oil, Gas & Mining
4. Transportation & Logistics
Breakup by Region
1. North America
3. Asia Pacific
4. Latin America
5. Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Hochiki Corporation, Honeywell International, United Technologies Corporation, Siemens AG, Johnson Control, Robert Bosch, etc.
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