Research Nester has recently announced new market demand assessment research titled “Smoke Detector Device Market – Global Demand Analysis & Opportunity Outlook 2023”. The market study provides a granular data and in-depth analysis on the current and future market situations that are crucial for the existing & new players in the market. The industry research is based on key factors like demand & supply analysis, commercial activities, research investments, pricing analysis, government initiatives & guidelines, driving forces in the market, roadblocks and segmentation based on the product viability.
Smoke detector is an electronic device used to combat the fire by sensing and gives indication of incidence of smoke. Based on the technology used in the smoke detectors, the market can be segregated into ionization detectors and photoelectric detectors. Majorly, the smoke detectors are consumed by the real estate sector; commercial, residential and institutions being the biggest consumer.
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.
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. Further, 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. Moreover, Europe smoke detector market is expected to grow at faster rate owing to increasing spending on infrastructure by enterprises in the upcoming years.
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.
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.
Demand By Product Type
- Photoelectric Smoke Detector
- Dual Sensor Smoke Detector
- Ionization Smoke Detector
- Nec Corporation
- Hochiki America
- Johnson Controls
Demand in Countries Studied:
- North America (United States / U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia, Poland, Rest of Eastern Europe)
- Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
- Rest of World
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