Smoke Detectors Market is Reaching $2,602 Million Globally by 2023
The demand for global smoke detectors market is expected to grow, owing to its ability to provide fire protection measures with the increase in infrastructural development such as hotels, residential, corporate buildings, educational institution, and others. The global smoke detectors market was valued at from $1,594 million in 2017, and is expected to reach $2,602 million by 2023, registering a CAGR of 8.5% from 2017 to 2023. Asia-Pacific is expected to exhibit the highest growth, owing to the growth in potential startups, consumers disposable income, increase in urbanization & industrialization, along with rise in investments in infrastructure. For More@ https://www.alliedmarketresearch.com/request-sample/2536
The demand for global smoke detectors market is expected to grow, owing to its ability to provide fire protection measures with the increase in infrastructural development such as hotels, residential, corporate buildings, educational institution, and others.
The global smoke detectors market was valued at from $1,594 million in 2017, and is expected to reach $2,602 million by 2023, registering a CAGR of 8.5% from 2017 to 2023. Asia-Pacific is expected to exhibit the highest growth, owing to the growth in potential startups, consumers disposable income, increase in urbanization & industrialization, along with rise in investments in infrastructure.
For More@ https://www.alliedmarketresearch.com/request-sample/2536
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GLOBAL<br />
SMOKE DETECTORS<br />
MARKET<br />
GLOBAL<br />
OPPORTUNITY<br />
AND<br />
FORECAST<br />
<strong>2023</strong>
SMOKE DETECTORS ANALYST REVIEW<br />
Europe <strong>is</strong> expected to witness a significant demand for smoke detectors owing to the<br />
increasing and compulsory installations of smoke detectors in all residential buildings<br />
as per the government regulations.<br />
Vineet Kumar<br />
Research Manager, C&M and ICT
CURRENT AND FUTURE MARKET SCENARIO<br />
• The global smoke detectors market was valued at from $1,594 million in 2017.<br />
• The global smoke detectors market <strong>is</strong> expected to reach <strong>$2</strong>,<strong>602</strong> million <strong>by</strong> <strong>2023</strong>.<br />
• The global smoke detectors market reg<strong>is</strong>tering a CAGR of 8.5% from 2017 to <strong>2023</strong>.<br />
• Global smoke detectors market <strong>is</strong> expected to grow at the CAGR of 8.5% during the<br />
forecast period, there<strong>by</strong> expanding the opportunities for global smoke detectors<br />
industry.<br />
• The dual sensor smoke detectors segment <strong>is</strong> expected to witness the highest CAGR as<br />
compared to other product types.
TOP IMPACTING FACTORS TO MARKET<br />
GROWTH<br />
• Increase in Infrastructural Investments.<br />
The r<strong>is</strong>e in number of constructions initiate the increase in concern for fire safety<br />
measures, there<strong>by</strong> boosting the demand for global smoke detectors industry.<br />
• Growth in Industrialization.<br />
Rapid industrialization across all regions <strong>is</strong> expected to boost the global smoke detectors<br />
industry.<br />
• Rapid Population Growth & Urbanization.<br />
The population growth globally <strong>is</strong> attributed to increase in urbanization, acceleration in<br />
migration, and change in fertility rates.<br />
• Complications of <strong>Smoke</strong> <strong>Detectors</strong>.<br />
<strong>Smoke</strong> detectors are not designed to function in places of extreme heat or cold, dust, and<br />
in places where smoke <strong>is</strong> usually detected to avoid unnecessary detection.
SMOKE DETECTORS MARKET SEGMENTATION<br />
BY PRODUCT<br />
• Optical Sensor <strong>Smoke</strong><br />
Detector<br />
• Photoelectric <strong>Smoke</strong><br />
Detector<br />
• Dual Sensor <strong>Smoke</strong><br />
Detector<br />
• Others<br />
BY END-USER<br />
INDUSTRY<br />
• Commercial<br />
• Manufacturing<br />
• Telecommunication<br />
• Residential<br />
• Oil, gas, and mining<br />
• Others<br />
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DOMINATING<br />
SEGMENTS<br />
DUAL SENSOR<br />
SMOKE DETECTORS<br />
SEGMENT<br />
PHOTOELECTRIC<br />
SMOKE DETECTORS<br />
SEGMENT<br />
The dual sensor smoke detectors<br />
segment <strong>is</strong> expected to witness<br />
the highest CAGR as compared<br />
to other product types.<br />
The photoelectric smoke<br />
detectors segment <strong>is</strong> expected<br />
to generate the maximum<br />
revenue in the global market<br />
during the forecast period.
GEOGRAPHICAL OVERVIEW<br />
• Based on region, it <strong>is</strong> analyzed across<br />
North America, Europe, Asia-Pacific, and<br />
LAMEA.<br />
• North America <strong>is</strong> expected to be the<br />
highest revenue contributor with $572<br />
million in 2017, and <strong>is</strong> estimated to reach<br />
$904 million <strong>by</strong> <strong>2023</strong>, growing at a CAGR<br />
of 8%.
DOMINATING MARKET PLAYERS<br />
• Ceasefire Industries Pvt. Ltd<br />
• Hochiki Corporation<br />
• Honeywell International<br />
• Johnson Control<br />
• Nest labs<br />
• Protec Fire Detection Plc<br />
• Robert Bosch<br />
• SECOM CO., LTD<br />
• Schneider Electric<br />
• Siemens AG<br />
• United Technologies<br />
Corporation
A Report Titled “<strong>Smoke</strong> <strong>Detectors</strong> <strong>Market</strong>- Opportunities And Forecasts, 2017– <strong>2023</strong>” has<br />
been recently publ<strong>is</strong>hed <strong>by</strong> Allied <strong>Market</strong> Research. It makes an In-depth Analys<strong>is</strong> of current<br />
trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry.<br />
Company profiles for key vendors in business builds a comprehensive picture of profitable<br />
opportunities from Stakeholder’s Perspective.<br />
To Know More About <strong>Smoke</strong> <strong>Detectors</strong> <strong>Market</strong>- Opportunities and Forecasts 2017-<br />
<strong>2023</strong><br />
https://www.alliedmarketresearch.com/smoke-detector-market<br />
Get PDF Sample Copy<br />
https://www.alliedmarketresearch.com/smoke-detector-market<br />
Follow Allied <strong>Market</strong> Research
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