15 February 2019:
Smoke
Detector Market was million US$ in 2018 and is expected to
million US$ by the end of 2023, growing at a CAGR of between 2019 and 2023.This
report studies the Smoke Detector market size (value and volume) by players,
regions, product types and end industries, history data 2014-2018 and forecast
data 2019-2023; This report also studies the global Smoke Detector market
competition landscape, market drivers and trends, opportunities and challenges,
risks and entry barriers, sales channels, distributors and Porter's Five Forces
Analysis.
Global Smoke Detector Market is anticipated to witness
exponential growth in the forecast period. Smoke detectors are the devices that
sense the primary products of combustion combined with the other vital
components, such as carbon dioxide, carbon monoxide, heat, steam, different
oxygenated organics, and burning hydrocarbons.
The factors that propel the growth of the market include
growing number of government mandates regarding installation of smoke detectors
in residential division, technical developments, growing applications of smoke
detector, rapid industrialization, rise in the fire-associated expenditure by
the enterprises, and rise in deaths & loss of properties.
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n the other hand, there are factors that may hamper the
growth of the market including high annual maintenance charges, un-organized
market, high installation cost, and stringent government regulations for fire
prevention. Smoke Detector Market is anticipated to grow at a significant CAGR
of 8.7% in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
The market could be segmented based on technology type,
mechanism type, application, end user, and geography. The market may be
explored by technology type as Photoelectric Smoke Detector, Ionization Smoke
Detector, Video Smoke Detection, Aspirating Smoke Detector, and Projected Beam
Smoke Detector. The “Photoelectric Smoke Detector” segment led the market in 2017
and is anticipated to maintain its dominance over forecast period. Based on
mechanism type, the market may be classified as Hardwired without Battery
Backup, Hardwired With Battery Backup and Battery Powered.
The key applications that could be explored in the Smoke
Detector Market include Industrial and Residential. Some of the key players
that fuel the growth of the Smoke Detector Market comprise Honeywell Security,
Kidde, Tyco, BRK, Johnson Controls, Halma, Xtralis, Sprue Aegis, Ei
Electronics, Panasonic, Halma, Siemens, X-SENSE, Nest, Nohmi Bosai, Hekatron,
Gulf Security Technology, Shanghai Nohmi Secom, Busch-jaeger, Smart wares,
System Sensor, Forsafe, Shanying Fire, Shenzhen Gabel Electronics and D&K
Group International. The leading companies are taking up partnerships, mergers
and acquisitions, and joint ventures in order to boost the inorganic growth of
the industry.
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Smoke Detector Market
by Geographical Regions:-
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Smoke Detector Market
by Applications:-
•
Residential
•
Commercial
•
Industrial
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