3 July 2019 - Global Smoke
Detector Market is anticipated to
witness exponential growth in the forecast period. Smoke detectors are the
devices that sense the primary products of combustion combined with the other
vital components, such as carbon dioxide, carbon monoxide, heat, steam,
different oxygenated organics, and burning hydrocarbons.
The
factors that propel the growth of the market include growing number of
government mandates regarding installation of smoke detectors in residential
division, technical developments, growing applications of smoke detector, rapid
industrialization, rise in the fire-associated expenditure by the enterprises,
and rise in deaths & loss of properties.
On
the other hand, there are factors that may hamper the growth of the market
including high annual maintenance charges, un-organized market, high installation
cost, and stringent government regulations for fire prevention. Smoke Detector
Market is anticipated to grow at a significant CAGR of 8.7% in the upcoming
period as the scope, product types, and its applications are increasing across
the globe.
The
market could be segmented based on technology type, mechanism type,
application, end user, and geography. The market may be explored by technology
type as Photoelectric Smoke Detector, Ionization Smoke Detector, Video Smoke
Detection, Aspirating Smoke Detector, and Projected Beam Smoke Detector. The
“Photoelectric Smoke Detector” segment led the market in 2017 and is
anticipated to maintain its dominance over forecast period. Based on mechanism
type, the market may be classified as Hardwired without Battery Backup,
Hardwired With Battery Backup and Battery Powered.
The
key applications that could be explored in the Smoke Detector Market include
Industrial and Residential. The “Residential” segment led the market in 2016
and will continue to lead in the forecast period. The key factor that may
attributed to the growth of market includes rising necessity for quick fire
alert in the residential buildings.
The
market could be explored based on end user as Manufacturing, Commercial,
Telecommunication, Automotive, Oil & Gas, Residential, and Others. The
“Commercial” segment led the market in 2016 and is anticipated to maintain its
dominance over forecast period. Commercial segment held the major market share
and residential sector could experience the highest development in the years to
come. The key factor that may attributed to the growth of market includes surge
in the number of government mandates in the emerging countries.
North
America accounted for the major share of the market size in 2017 and will
continue to lead in the forecast period. The key factor that could be
attributed to the growth includes utilization of progressive technology in the
manufacture of smoke detectors. North America is followed by the Asia-Pacific
region owing to an increase in the infrastructural investment, increased
consciousness among people, and rapid urbanization.
Some
of the key players that fuel the growth of the Smoke Detector Market comprise
Honeywell Security, Kidde, Tyco, BRK, Johnson Controls, Halma, Xtralis, Sprue
Aegis, Ei Electronics, Panasonic, Halma, Siemens, X-SENSE, Nest, Nohmi Bosai,
Hekatron, Gulf Security Technology, Shanghai Nohmi Secom, Busch-jaeger, Smart
wares, System Sensor, Forsafe, Shanying Fire, Shenzhen Gabel Electronics and
D&K Group International. The leading companies are taking up partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
Market Segment:
Key Applications
•
Residential
•
Commercial
•
Industrial
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Key Vendors
•
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