The Latin America, Middle East and Africa Smoke Detector Market would witness market growth of 9.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 7,315.9 thousand Units, showcasing a growth of 11.8% (2023-2030).
Smoke detector installation is required by such laws, which stimulates the market's expansion. The growth of the market is, in fact, adversely affected by the installation and operation of smoke detectors. The installation procedure for smoke detectors is similar in complexity. Proper planning is necessary to ensure the detector is installed in areas prone to fire occurrences. Smoke detector implementation is frequently impeded by the exorbitant expenses associated with installation services; this is expected to restrain the expansion of the market.
Furthermore, the Internet of Things (IoT) is being implemented in all electronic devices and instruments, from light bulbs and refrigerators to doorbells and garage doors. With almost anything now being controlled at the touch of a smartphone, it is not surprising that security integrators are incorporating the technology in smoke detectors. The development of the commercial realty sector and IT industry to safeguard high-value assets such as data centers, manufacturing plants, powerhouses, buildings, and IT infrastructure is attracting the demand for fire safety equipment.
According to the International Trade Administration, valued at over $32.1 billion, Saudi Arabia's Information and Communications Technology (ICT) industry is the largest in the Middle East and North Africa region. Ongoing investments in expanding and upgrading ICT infrastructure in Saudi Arabia contribute to the overall growth in demand for fire safety solutions. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Smoke Detector Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $85.3 million by 2030. The Argentina market is registering a CAGR of 10.5% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 9.6% during (2023 - 2030).
Based on Installation Type, the market is segmented into Hardwired, and Battery-operated. Based on Product Type, the market is segmented into Photoelectric, Ionization, Dual Sensor, and Others. Based on End User, the market is segmented into Commercial, Oil Gas, Residential, Manufacturing, Telecom IT, Automotive, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hochiki Corporation, Honeywell International, Inc., Ceasefire Industries Pvt. Ltd., Johnson Controls International PLC, Google LLC (Alphabet Inc.), ABB Group, Robert Bosch GmbH, Secom Co. Ltd., Schneider Electric SE, and Siemens AG.
Smoke detector installation is required by such laws, which stimulates the market's expansion. The growth of the market is, in fact, adversely affected by the installation and operation of smoke detectors. The installation procedure for smoke detectors is similar in complexity. Proper planning is necessary to ensure the detector is installed in areas prone to fire occurrences. Smoke detector implementation is frequently impeded by the exorbitant expenses associated with installation services; this is expected to restrain the expansion of the market.
Furthermore, the Internet of Things (IoT) is being implemented in all electronic devices and instruments, from light bulbs and refrigerators to doorbells and garage doors. With almost anything now being controlled at the touch of a smartphone, it is not surprising that security integrators are incorporating the technology in smoke detectors. The development of the commercial realty sector and IT industry to safeguard high-value assets such as data centers, manufacturing plants, powerhouses, buildings, and IT infrastructure is attracting the demand for fire safety equipment.
According to the International Trade Administration, valued at over $32.1 billion, Saudi Arabia's Information and Communications Technology (ICT) industry is the largest in the Middle East and North Africa region. Ongoing investments in expanding and upgrading ICT infrastructure in Saudi Arabia contribute to the overall growth in demand for fire safety solutions. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Smoke Detector Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $85.3 million by 2030. The Argentina market is registering a CAGR of 10.5% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 9.6% during (2023 - 2030).
Based on Installation Type, the market is segmented into Hardwired, and Battery-operated. Based on Product Type, the market is segmented into Photoelectric, Ionization, Dual Sensor, and Others. Based on End User, the market is segmented into Commercial, Oil Gas, Residential, Manufacturing, Telecom IT, Automotive, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hochiki Corporation, Honeywell International, Inc., Ceasefire Industries Pvt. Ltd., Johnson Controls International PLC, Google LLC (Alphabet Inc.), ABB Group, Robert Bosch GmbH, Secom Co. Ltd., Schneider Electric SE, and Siemens AG.
Scope of the Study
Market Segments Covered in the Report:
By Installation Type (Volume, Thousand Units, USD Billion, 2019-2030)
- Hardwired
- Battery-operated
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
- Photoelectric
- Ionization
- Dual Sensor
- Others
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
- Commercial
- Oil Gas
- Residential
- Manufacturing
- Telecom IT
- Automotive
- Others
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Hochiki Corporation
- Honeywell International, Inc.
- Ceasefire Industries Pvt. Ltd.
- Johnson Controls International PLC
- Google LLC (Alphabet Inc.)
- ABB Group
- Robert Bosch GmbH
- Secom Co. Ltd.
- Schneider Electric SE
- Siemens AG
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Smoke Detector Market by Installation Type
Chapter 6. LAMEA Smoke Detector Market by Product Type
Chapter 7. LAMEA Smoke Detector Market by End User
Chapter 8. LAMEA Smoke Detector Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Hochiki Corporation
- Honeywell International, Inc.
- Ceasefire Industries Pvt. Ltd.
- Johnson Controls International PLC
- Google LLC (Alphabet Inc.)
- ABB Group
- Robert Bosch GmbH
- Secom Co. Ltd.
- Schneider Electric SE
- Siemens AG
Methodology
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