Smoke Detectors Global Market Report 2024

The smoke detectors market size has grown marginally in recent years. It will grow from $1.99 billion in 2023 to $2.01 billion in 2024 at a compound annual growth rate (CAGR) of 1.0%. The growth observed in the historical period can be credited to the presence of rigorous safety regulations, heightened awareness regarding fire hazards, adherence to insurance and regulatory requirements, the rise of urbanization, and the technological advancement of detectors.

The smoke detectors market size is expected to see strong growth in the next few years. It will grow to $2.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The anticipated growth in the forecast period can be linked to the increasing rates of homeownership, the expansion of commercial construction activities, a focus on enhancing safety in multifamily housing, the integration of smart home technologies, and initiatives related to renewal and retrofitting. Major trends expected in the forecast period encompass the integration with voice-controlled platforms, the development of compact and aesthetically pleasing designs, improvements in weather resistance, the inclusion of long-range communication technologies, and integration with building management systems.

The increased occurrence of fire incidents in both commercial and residential settings is propelling the expansion of the smoke detectors market. The use of synthetic building materials and a variety of plastics, along with synthetic textiles used in the furnishings of commercial and residential structures, has heightened their susceptibility to fire accidents. Such incidents result in substantial losses of life and property. The early detection of fires through smoke detectors plays a crucial role in mitigating these risks. For example, in October 2022, as reported by the National Fire Protection Association, approximately 1,353,500 fires were responded to by firefighters in the US in 2021. Of these, around 361,000 occurred in residential structures, 125,500 in non-residential structures, 658,500 outside structures, and 208,500 in vehicles. These fires resulted in an estimated 3,800 deaths, with the majority occurring in residential structures. To address these challenges, a significant number of residential and commercial buildings are increasingly required to be equipped with smoke detectors, positively influencing the growth of the smoke detectors market.

The implementation of stringent fire safety regulations is anticipated to drive the future growth of the smoke detectors market. These regulations, established by government authorities or regulatory bodies, mandate a set of legally defined rules, standards, and guidelines to ensure the safety of individuals, property, and the environment in the event of a fire. Stringent fire safety regulations contribute to the growth of the smoke detectors market by making their installation obligatory, raising awareness, expanding the potential market, offering insurance incentives, fostering innovation, and prioritizing public safety. For instance, as of May 2022, the Fire Safety Act 2021 in the UK places responsibility on the owners and managers of multi-occupied residential buildings, including high-rises, to manage and reduce fire risks. This legislative effort aims to enhance fire safety. Hence, stringent fire safety regulations are playing a pivotal role in driving the growth of the smoke detectors market.

The growth of the smoke detector market is hindered by the lack of regular maintenance, which can lead to the failure of smoke detectors. These devices require consistent maintenance to operate efficiently. The absence of regular maintenance, combined with various environmental conditions, may decrease efficiency or result in the failure of smoke detectors, posing risks to life and property. Issues such as high ceilings or the accumulation of dirt, dust, lint, and small insects can reduce detector sensitivity to smoke. Placement of detectors in elevated positions on ceilings or walls makes routine cleaning and quality tests challenging. Smoke detectors may not function properly in high-humidity areas, where they might struggle to distinguish between smoke particles and moisture content. A report from the Local Government Association (LGA) in England revealed that 40% of battery-powered smoke alarms failed to activate in residential fires, with 45% of these failures attributed to issues with smoke detectors. The lack of reliability in smoke detectors due to insufficient regular maintenance is negatively impacting the growth of the smoke detectors market.

The incorporation of the Internet of Things (IoT) in smoke detectors stands out as a prominent trend in the smoke detectors market. IoT-enabled smoke detectors provide users with real-time alerts about potential hazards on their mobile devices, regardless of their location. Even in buildings with poor network coverage, such as basements and corners, IoT smoke detectors can function efficiently. These detectors equipped with IoT technology offer real-time reporting of ongoing fires. For example, Huawei Technologies Co., Ltd., a Chinese multinational technology company, introduced plug-and-use NB-IoT smoke detectors known for their high power efficiency. These detectors can operate for three to five years on batteries with less than 3000 mAh capacity.

Key players in the smoke detectors market are actively innovating to introduce new products and maintain a competitive edge. An example of this innovation is the advanced fire alarm system, which represents a comprehensive and technologically sophisticated solution for detecting and alerting building occupants in the event of a fire. In March 2023, Honeywell International Inc., a US-based technology corporation, launched the NOTIFIER INSPIRE fire alarm system. This system incorporates UL-approved self-testing smoke detectors, revolutionizing fire and life safety systems. The self-testing feature automates maintenance, improves regulatory compliance, and enhances overall building safety. Honeywell's Connected Life Safety Services (CLSS) platform securely enables real-time visibility and diagnostics, facilitating easy expansion and upgrades. This innovative solution minimizes testing barriers, enhances technician efficiency, and provides digitized inspection reports in minutes.

In April 2022, Resideo Technologies, Inc., a US-based security company, successfully acquired First Alert Inc. for an undisclosed amount. This strategic acquisition has allowed Resideo Technologies to broaden its product portfolio and expand its distribution channels in the home safety and security market. By incorporating First Alert Inc., a US-based safety products manufacturing company specializing in home safety products, particularly fire and carbon monoxide detection and suppression, Resideo has strengthened its offerings and market reach in this sector.

Major companies operating in the smoke detectors market report are BRK Brands Inc., Seccom Corporation, Robert Bosch GmbH, Hochiki Corporation, Siemens AG, Schneider Electric SE, Honeywell International Inc., 3M, Bacharach Inc., ABB Ltd, Johnson Controls International plc, NEC Corporation, Eaton Corporation plc, Carrier Global Corporation, Tyco International Ltd., Air Products and Chemicals Inc., Legrand, Kidde Fire Protection, Potter Electric Signal Company LLC, Advanced Electronics Ltd., AirSense Technology Ltd., Teletek Electronics JSC, Protec International Plc, Xtralis Inc., Rusoh Incorporated, Nest Labs Inc., Ceasefire Industries Pvt. Ltd, Unisafe Fire Protection LLC, Nowatec AS, Nohmi Bosai Co. Ltd. Western Europe was the largest region in the smoke detectors market in 2023. Asia-Pacific was the second largest region in the global smoke detectors market analysis. The regions covered in the smoke detectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The product categories encompass photoelectric smoke detectors, ionization smoke detectors, dual-sensor smoke detectors, and others. Photoelectric smoke detectors utilize optical methods to detect smoke and are generally more responsive to fires characterized by extended periods of smoldering. The diverse power sources for smoke detectors include battery-powered, hardwired with battery backup, and hardwired without battery backup. Smoke detectors find application across various end-user segments such as residential, commercial, oil, gas & mining, transportation and logistics, telecommunications manufacturing, and others.

The smoke detectors market research report is one of a series of new reports that provides smoke detectors market statistics, including smoke detectors industry global market size, regional shares, competitors with a smoke detectors market share, detailed smoke detectors market segments, market trends and opportunities, and any further data you may need to thrive in the smoke detectors industry. This smoke detectors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries covered in the smoke detectors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smoke detectors market consists of sales of equipment used for smoke detection and raising alerts by detecting smoke usually associated with fire. Smoke detectors use sensors that detect smoke and raise an audible and/or visual alarm as a warning signal to alert the occupant of fire. Smoke detectors usually only contain smoke sensors. Smoke detectors use batteries or electric power. These systems are being employed in many commercial, industrial, and residential buildings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.