The global smoke detector market size is expected to reach USD 3.01 billion by 2025,
according to a new report by Grand View Research, Inc. It is anticipated to
register a CAGR of 8.8% during the forecast period. Increasing sustainable
development in the infrastructure sector coupled with stringent government
policies and regulations are projected to surge the application smoke and fire
detection devices.
Favorable initiatives
and policies framed by the government bodies are anticipated to drive the
market growth. Governments from some developed countries offer monetary support
for the installation of smoke detectors in residences. These initiatives help
increase awareness among customers regarding the importance of smoke and fire
detection devices, which in turn is expected to surge the market growth. For
instance, the U.S. government have extended support by granting USD 110,000 to
the Fire Department of Berrien Springs - Oronoko Township - to increase
awareness regarding smoke detectors. This initiative also promotes benefits
associated with the product. These measures will boost the scope of application
and market growth over the forecast period.
North America held the
largest market share of 31.68% in 2018. Major manufacturers are adopting
strategies such as mergers and acquisitions, new product launches, and
awareness campaigns. For instance, in June 2018, Kidde launched an awareness
creating campaign 'Beat the Beep'. This campaign is important to educate the
residents of California regarding the importance of smoke detectors and
identifying the situation when a Carbon Monoxide (CO) alarm or smoke alarm needs
to be replaced.
Major manufacturers are
Kidde; Honeywell International Inc.; Johnson Controls; BRK Brands, Inc.;
Siemens AG; Birdi; Hochiki Corporation; Huawei Technologies Co., Ltd.; Xtralis
Pty Ltd.; and Robert Bosch LLC. Increasing awareness regarding fire safety in
commercial as well as residential buildings is fueling the product demand for
the product over the forecast period. The market is competitive in nature owing
to the increasing product innovation and R&D activities by the market
leaders.
To request a sample copy or view summary of this report,
click the link below:
https://www.grandviewresearch.com/industry-analysis/smoke-detector-market
https://www.grandviewresearch.com/industry-analysis/smoke-detector-market
Further key findings from the report suggest:
·
In terms of revenue, dual sensor technology
is projected to ascend at a CAGR of 9.3% over the forecast years
·
Industrial end use led the global smoke
detectors market with an overall volume share of over 41.66% in 2018
·
North America held the leading market share
of 31.68% in 2018. It is anticipated to continue the dominance over the
forecast period
·
Key players includes Kidde; Honeywell
International Inc.; Johnson Controls; BRK Brands, Inc.; Siemens AG; Birdi;
Hochiki Corporation; Huawei Technologies Co., Ltd.; Xtralis Pty Ltd.; and Robert
Bosch LLC
Grand View Research has
segmented the global smoke detector market on the basis of technology, end use,
and region:
Smoke Detector Technology Outlook (Revenue, USD Million,
2015 - 2025)
·
Photoelectric
·
Dual Sensors
·
Ionization
Smoke Detector End Use Outlook (Revenue, USD Million,
2015 - 2025)
·
Commercial
·
Industrial
·
Residential
Smoke Detector Regional Outlook (Revenue, USD Million,
2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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