SMOKE DETECTORS ANALYST REVIEW
Europe is expected to witness a significant demand for smoke detectors owing to the
increasing and compulsory installations of smoke detectors in all residential buildings
as per the government regulations.
Research Manager, C&M and ICT
CURRENT AND FUTURE MARKET SCENARIO
• The global smoke detectors market was valued at from $1,594 million in 2017.
• The global smoke detectors market is expected to reach $2,602 million by 2023.
• The global smoke detectors market registering a CAGR of 8.5% from 2017 to 2023.
• Global smoke detectors market is expected to grow at the CAGR of 8.5% during the
forecast period, thereby expanding the opportunities for global smoke detectors
• The dual sensor smoke detectors segment is expected to witness the highest CAGR as
compared to other product types.
TOP IMPACTING FACTORS TO MARKET
• Increase in Infrastructural Investments.
The rise in number of constructions initiate the increase in concern for fire safety
measures, thereby boosting the demand for global smoke detectors industry.
• Growth in Industrialization.
Rapid industrialization across all regions is expected to boost the global smoke detectors
• Rapid Population Growth & Urbanization.
The population growth globally is attributed to increase in urbanization, acceleration in
migration, and change in fertility rates.
• Complications of Smoke Detectors.
Smoke detectors are not designed to function in places of extreme heat or cold, dust, and
in places where smoke is usually detected to avoid unnecessary detection.
SMOKE DETECTORS MARKET SEGMENTATION
• Optical Sensor Smoke
• Photoelectric Smoke
• Dual Sensor Smoke
• Oil, gas, and mining
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The dual sensor smoke detectors
segment is expected to witness
the highest CAGR as compared
to other product types.
The photoelectric smoke
detectors segment is expected
to generate the maximum
revenue in the global market
during the forecast period.
• Based on region, it is analyzed across
North America, Europe, Asia-Pacific, and
• North America is expected to be the
highest revenue contributor with $572
million in 2017, and is estimated to reach
$904 million by 2023, growing at a CAGR
DOMINATING 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
• United Technologies
A Report Titled “Smoke Detectors Market- Opportunities And Forecasts, 2017– 2023” has
been recently published by Allied Market Research. It makes an In-depth Analysis of current
trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry.
Company profiles for key vendors in business builds a comprehensive picture of profitable
opportunities from Stakeholder’s Perspective.
To Know More About Smoke Detectors Market- Opportunities and Forecasts 2017-
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