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Smoke Detector - Global Market Trajectory & Analytics

  • ID: 4806132
  • Report
  • April 2021
  • Region: Global
  • 388 Pages
  • Global Industry Analysts, Inc
Global Smoke Detector Market to Reach $2.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Smoke Detector estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$2.6 Billion by 2027, growing at a CAGR of 7.9% over the analysis period 2020-2027. Battery Powered, one of the segments analyzed in the report, is projected to record a 8.9% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardwired with Battery Backup segment is readjusted to a revised 7.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $414.4 Million, While China is Forecast to Grow at 12.1% CAGR

The Smoke Detector market in the U.S. is estimated at US$414.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$597.9 Million by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Hardwired without Battery Backup Segment to Record 7% CAGR

In the global Hardwired without Battery Backup segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$171.5 Million in the year 2020 will reach a projected size of US$265.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$361.8 Million by the year 2027, while Latin America will expand at a 8.3% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • Hochiki Corporation
  • Honeywell International, Inc.
  • Johnson Controls, Inc.
  • NEC Corporation
  • Nest Labs
  • Robert Bosch GmbH
  • Schneider Electric SA
  • Siemens AG
  • Tyco International PLC
  • United Technologies Corporation (UTC)
Frequently Asked Questions about the Global Market for Smoke Detector

What is the estimated value of the Global Market for Smoke Detector?

The Global Market for Smoke Detector was estimated to be valued at $1.5 Billion in 2020.

What is the growth rate of the Global Market for Smoke Detector?

The growth rate of the Global Market for Smoke Detector is 8.2%, with an estimated value of $2.6 Billion by 2027.

What is the forecasted size of the Global Market for Smoke Detector?

The Global Market for Smoke Detector is estimated to be worth $2.6 Billion by 2027.
Note: Product cover images may vary from those shown

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Commercial Wireless Smoke Detectors
  • Aircraft Smoke Detection and Fire Extinguishing System
  • Advanced Early Warning Laser Smoke Detection Technology
  • Types of Heat and Smoke Detection
  • Commercial Fire Alarm Systems Application
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rise in Infrastructural Investments Drives Installation of Smoke Detectors
  • Rapid Urbanization Supports Installations of Smoke Detectors
  • Smart Phone or Camera-Enabled Device
  • IoT Smoke Detectors Devices
  • Voice Annunciation Detectors
  • Smart Smoke Detectors
  • Safety Innovations of Smoke Alarms
  • Advancements Enabled by Technology: Smoke Detection & Fire Detection Options
  • Fire Safety Technology
  • Recovery in Construction Industry and Impact of Fire & Smoke Alarm Manufacturing Industry Revenues

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown