Smoke Detectors Market is Reaching $2,602 Million Globally by 2023

andrewjohnson

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.
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GLOBAL

SMOKE DETECTORS

MARKET

GLOBAL

OPPORTUNITY

AND

FORECAST

2023


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.

Vineet Kumar

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

industry.

• The dual sensor smoke detectors segment is expected to witness the highest CAGR as

compared to other product types.


TOP IMPACTING FACTORS TO MARKET

GROWTH

• 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

industry.

• 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

BY PRODUCT

• Optical Sensor Smoke

Detector

• Photoelectric Smoke

Detector

• Dual Sensor Smoke

Detector

• Others

BY END-USER

INDUSTRY

• Commercial

• Manufacturing

• Telecommunication

• Residential

• Oil, gas, and mining

• Others

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DOMINATING

SEGMENTS

DUAL SENSOR

SMOKE DETECTORS

SEGMENT

PHOTOELECTRIC

SMOKE DETECTORS

SEGMENT

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.


GEOGRAPHICAL OVERVIEW

• Based on region, it is analyzed across

North America, Europe, Asia-Pacific, and

LAMEA.

• 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

of 8%.


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

Corporation


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-

2023

https://www.alliedmarketresearch.com/smoke-detector-market

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