Smoke Detector Market Worth $3,405.7 Million by 2027 | Key Segments, Benefits & Opportunity

The increased consumer spending on construction activities, owing to the availability of disposable income within the global population is a major factor that drives the Smoke Detector Market growth.

According to a new report published by Allied Market Research, titled, “Smoke Detector Market by Installation Type, Product Type, and EndUser: Opportunity Analysis and Industry Forecast, 2020–2027,” the global Smoke Detector Market size is expected to reach $3,405.7 million in 2027, from $1,807.0 million in 2019, growing at a CAGR of 8.3% from 2020 to 2027.

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Smoke detectors minimize the hazards caused due to accidental fire outbreaks by using an alarm system to detect accumulation of smoke. The smoke detectors may or may not be attached to water sprinklers which turn on with the discernment of smoke, and thereby avoid human and property loss. Fire safety is an important part of building planning and construction, and the stringent governmental laws are making it necessary to installation smoke detection systems in commercial, residential, and industrial structures.Smoke detectors are most widely classified into types, namely, photoelectric smoke detectors and ionization smoke detectors. However, dual sensors smoke detectors are also available, which integrate both photoelectric as well as ionization principles.

The ionization smoke detectors are more responsive to flaming fires or immediate fires, whereas the photoelectric smoke detectors respond to smoldering fires, which are slowly spread without alarming the occupants. Thus, it is necessary for the engineers to design the fire prevention system considering criteria such as type of possible fire outbreak, size of rooms, number of occupants, type of building, and others to choose the suitable kind of detector. Taking this in consideration, the photoelectric smoke detectors are more widely utilized globally.

Geographic Review

The global Smoke Detector Market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Market Players

Ceasefire Industries Pvt. Ltd, Hochiki Corporation, Honeywell International, Johnson Control, Nest labs, Protec Fire Detection Plc, Robert Bosch, SECOM CO., LTD, Schneider Electric, Siemens AG, and United Technologies Corporation.

Key Findings

By installation type, the hardware segment dominated the global Smoke Detector Marketshare in 2019, in terms of revenue.

By product type, the photoelectric segment accounted for the maximum share of the smoke detector industry in 2019.

By end-user, the commercial segment generated the highest revenues during 2019 in the Smoke Detector Market globally.

By region, North America is projected to be one of the most dominant regions, and Europe is expected to witness a high growth rate during the forecast period.

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Release ID: 89035228