Smoke Detector Market
Smoke Detector Market Forecasts to 2030 - Global Analysis By Product Type (Photoelectric Smoke Detectors, Ionization Smoke Detectors, Dual-Sensor Smoke Detectors, Beam Smoke Detectors and Other Product Types), Power Source (Battery-powered, Hardwired with Battery Backup, Hardwired without Battery Backup and Other Power Sources), Service (Engineering Services, Installation & Design Services, Maintenance Services, Managed Services and Other Services), Distribution Channel, End User and by Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $2.76 BN |
Projected Year Value (2030) |
US $5.08 BN |
CAGR (2023 - 2030) |
9.13% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Smoke Detector Market is accounted for $2.76 billion in 2023 and is expected to reach $5.08 billion by 2030 growing at a CAGR of 9.13% during the forecast period. A smoke detector is an essential safety tool that is used to identify smoke in the air, alerting people to a possible fire hazard and giving them advance notice. Smoke detectors are often placed in homes and businesses. They are an essential component of fire safety measures because they quickly notify people to leave the area or take protective measures. To detect the particles produced by combustion, these devices use a variety of technologies, including photoelectric sensors and ionization sensors.
According to the National Fire Protection Association (NFPA), smoke detectors are indispensable devices that significantly reduce the risk of fatalities and property damage by providing early detection of potential fire hazards.
Market Dynamics:
Driver:
Increasing conscience about fire safety
The growing consumer awareness of fire safety is driving growth in the smoke detector market. The need for dependable and effective smoke detection systems is rising as people and organizations become more aware of the possible dangers connected to fire incidents. Furthermore, the market for smoke detectors is being driven by the proactive approach to adopting safety measures that has resulted from this increased awareness.
Restraint:
Insufficient standardization
Seamless interoperability and integration may be hampered by the smoke detector market's lack of standardized laws and technologies. Compatibility problems can occur due to the wide range of technologies and sensor types available, which makes it difficult for customers to select the right products. Additionally, in order to create uniformity and foster interoperability within the industry, standardization initiatives are crucial.
Opportunity:
Growing uptake of smart home improvements
A major opportunity exists in the smoke detector market due to the growing trend of smart homes. Smart smoke detectors add functionality to home automation and connected device ecosystems, enabling remote monitoring, mobile app alerts, and seamless integration with other smart home devices. Moreover, these features help drive the market's growth as more households adopt connected devices and home automation.
Threat:
Rivalry and market saturation
Increasing competition and potential saturation pose threats to the smoke detector market, especially in areas with high adoption rates. Many suppliers and manufacturers could result in pricing wars that cut profit margins and make it difficult for new competitors to establish themselves. Furthermore, in an increasingly crowded market, staying ahead of the competition requires constant innovation and uniqueness.
Covid-19 Impact:
The demand, supply chains, and manufacturing of smoke detectors have all been disrupted by the COVID-19 pandemic. Projects for new installations and retrofitting have slowed down as a result of lockdowns, limitations on building operations, and uncertain economic conditions. Additionally, the pandemic's financial toll on individuals and companies has affected consumer choices, leading some to choose less expensive options. Positively, as economies recover and prioritize more robust safety measures in various settings, the pandemic has highlighted the significance of robust fire safety systems, which could drive future demand.
The Photoelectric Smoke Detectors segment is expected to be the largest during the forecast period
In the smoke detector market, the photoelectric smoke detector segment has the largest market share. By using the principle of light scattering, these detectors can identify slow-burning fires before they produce large amounts of smoke. They are the recommended option for both residential and commercial applications due to their superior ability to detect simmering fires and decreased risk of false alarms caused by cooking activities. The ability of photoelectric smoke detectors to provide early warning in a variety of environments makes them especially valuable in terms of enhancing overall fire safety. Moreover, the photoelectric segment of the market continues to dominate as a dependable and adaptable solution for a variety of fire detection needs, despite the growing emphasis on reducing false alarms and improving detection accuracy.
The Residential segment is expected to have the highest CAGR during the forecast period
In the smoke detector market, the residential segment has been growing at the highest CAGR. Smoke detectors installed in residential buildings, including homes, apartments, and condominiums, are covered by the residential segment. The notable expansion of the residential segment can be attributed to the rising emphasis on fire safety and the need to protect people and property from potential fire hazards. Furthermore, smoke detector installation is required in residential buildings due to strict fire safety regulations that have been implemented by governments and regulatory bodies worldwide.
Region with largest share:
It is projected that the smoke detector market is anticipated to hold the largest share in the North American region. Strict fire safety laws, widespread knowledge of the value of smoke detectors, and a well-developed infrastructure are some of the reasons for this. The market for smoke detectors in the area is well-established, with many major players and cutting-edge technologies available. Additionally, a great number of fire incidents have occurred in North America in the past, which has raised awareness of fire safety precautions.
Region with highest CAGR:
Asia-Pacific will grow at the highest CAGR. Numerous factors, such as the region's rapid urbanization, an increase in construction activities, and rising fire safety awareness, are responsible for its robust growth. Significant economic growth is occurring in nations like China and India, which is driving up investments in residential, commercial, and infrastructure development. Thus, in order to maintain fire safety compliance, there is a need for smoke detectors. Moreover, the increased use of smoke detectors in both residential and commercial settings is also attributed to the region's growing middle-class population and rising levels of disposable income.
Key players in the market
Some of the key players in Smoke Detector market include Johnson Controls International plc, BRK Brands Inc., Hochiki Corporation, ABB Group, Ceasefire Industries Pvt. Ltd, NEC Corporation, Huawei, United Technologies Corporation, Honeywell International Inc., GENTEX Corporation, Siemens AG, Robert Bosch GmbH and Schneider Electric.
Key Developments:
In February 2024, ABB announced today that it has entered into an agreement to acquire SEAM Group, a major provider of energized asset management and advisory services to clients across industrial and commercial building markets. The acquisition will complement ABB’s Electrification Service offering, bringing significant additional expertise to customers in the areas of predictive, preventive, and corrective maintenance, electrical safety, renewables and asset management advisory services.
In November 2023, NEC Corporation announced that it has signed a system integration (SI) partnership agreement with Gurobi Optimization, LLC (Gurobi) to integrate Gurobi's mathematical optimization solver, the new windowGurobi Optimizer, into its solutions. The Gurobi Optimizer is the world's leading solver, powering optimal decision-making for over 2,500 companies across 40+ industries worldwide.
In August 2023, Huawei and Ericsson have signed a long-term global patent cross-licensing agreement that covers patents essential to a wide range of standards such as 3GPP, ITU, IEEE, and IETF standards for 3G, 4G, and 5G cellular technologies. The agreement covers the companies' respective sales of network infrastructure and consumer devices, granting both parties global access to each other's patented, standardized technologies.
Product Types Covered:
• Photoelectric Smoke Detectors
• Ionization Smoke Detectors
• Dual-Sensor Smoke Detectors
• Beam Smoke Detectors
• Other Product Types
Power Sources Covered:
• Battery-powered
• Hardwired with Battery Backup
• Hardwired without Battery Backup
• Other Power Sources
Services Covered:
• Engineering Services
• Installation & Design Services
• Maintenance Services
• Managed Services
• Other Services
Distribution Channels Covered:
• Online
• Offline
End Users Covered:
• Residential
• Commercial
• Manufacturing
• Oil, Gas, and Mining
• Transportation and Logistics
• Telecommunication
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smoke Detector Market, By Product Type
5.1 Introduction
5.2 Photoelectric Smoke Detectors
5.3 Ionization Smoke Detectors
5.4 Dual-Sensor Smoke Detectors
5.5 Beam Smoke Detectors
5.6 Other Product Types
6 Global Smoke Detector Market, By Power Source
6.1 Introduction
6.2 Battery-powered
6.3 Hardwired with Battery Backup
6.4 Hardwired without Battery Backup
6.5 Other Power Sources
7 Global Smoke Detector Market, By Service
7.1 Introduction
7.2 Engineering Services
7.3 Installation & Design Services
7.4 Maintenance Services
7.5 Managed Services
7.6 Other Services
8 Global Smoke Detector Market, By Distribution Channel
8.1 Introduction
8.2 Online
8.3 Offline
9 Global Smoke Detector Market, By End User
9.1 Introduction
9.2 Residential
9.3 Commercial
9.4 Manufacturing
9.5 Oil, Gas, and Mining
9.6 Transportation and Logistics
9.7 Telecommunication
9.8 Other End Users
10 Global Smoke Detector Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Johnson Controls International plc
12.2 Hochiki Corporation
12.3 ABB Group
12.4 Ceasefire Industries Pvt. Ltd
12.5 NEC Corporation
12.6 Huawei
12.7 United Technologies Corporation
12.8 Honeywell International Inc.
12.9 GENTEX Corporation
12.10 Siemens AG
12.11 Robert Bosch GmbH
12.12 Schneider Electric
List of Tables
1 Global Smoke Detector Market Outlook, By Region (2021-2030) ($MN)
2 Global Smoke Detector Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Smoke Detector Market Outlook, By Photoelectric Smoke Detectors (2021-2030) ($MN)
4 Global Smoke Detector Market Outlook, By Ionization Smoke Detectors (2021-2030) ($MN)
5 Global Smoke Detector Market Outlook, By Dual-Sensor Smoke Detectors (2021-2030) ($MN)
6 Global Smoke Detector Market Outlook, By Beam Smoke Detectors (2021-2030) ($MN)
7 Global Smoke Detector Market Outlook, By Other Product Types (2021-2030) ($MN)
8 Global Smoke Detector Market Outlook, By Power Source (2021-2030) ($MN)
9 Global Smoke Detector Market Outlook, By Battery-powered (2021-2030) ($MN)
10 Global Smoke Detector Market Outlook, By Hardwired with Battery Backup (2021-2030) ($MN)
11 Global Smoke Detector Market Outlook, By Hardwired without Battery Backup (2021-2030) ($MN)
12 Global Smoke Detector Market Outlook, By Other Power Sources (2021-2030) ($MN)
13 Global Smoke Detector Market Outlook, By Service (2021-2030) ($MN)
14 Global Smoke Detector Market Outlook, By Engineering Services (2021-2030) ($MN)
15 Global Smoke Detector Market Outlook, By Installation & Design Services (2021-2030) ($MN)
16 Global Smoke Detector Market Outlook, By Maintenance Services (2021-2030) ($MN)
17 Global Smoke Detector Market Outlook, By Managed Services (2021-2030) ($MN)
18 Global Smoke Detector Market Outlook, By Other Services (2021-2030) ($MN)
19 Global Smoke Detector Market Outlook, By Distribution Channel (2021-2030) ($MN)
20 Global Smoke Detector Market Outlook, By Online (2021-2030) ($MN)
21 Global Smoke Detector Market Outlook, By Offline (2021-2030) ($MN)
22 Global Smoke Detector Market Outlook, By End User (2021-2030) ($MN)
23 Global Smoke Detector Market Outlook, By Residential (2021-2030) ($MN)
24 Global Smoke Detector Market Outlook, By Commercial (2021-2030) ($MN)
25 Global Smoke Detector Market Outlook, By Manufacturing (2021-2030) ($MN)
26 Global Smoke Detector Market Outlook, By Oil, Gas, and Mining (2021-2030) ($MN)
27 Global Smoke Detector Market Outlook, By Transportation and Logistics (2021-2030) ($MN)
28 Global Smoke Detector Market Outlook, By Telecommunication (2021-2030) ($MN)
29 Global Smoke Detector Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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