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Smoke Detector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 149 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5647751
UP TO OFF until Dec 31st 2023

Quick Summary:

In a world where swift developments in residential, commercial, and industrial sectors are a norm, the urgent need for comprehensive security measures is non-negotiable. A critical component of this is fire safety, particularly the global market for smoke detectors. Equipped with the ability to detect minute particles in the air attributed to fire, smoke detectors, being cost-effective, easy to install and instrumental in mitigating fire hazards, are seeing a rise in demand.

This increased propensity towards fire safety measures, clubbed with the construction boom, especially in urban areas, has led to a positive market influence. The growth is also bolstered by individual consciousness about the pernicious impact of fire and subsequent attraction towards cost-effective preventive measures like smoke detectors. The introduction of 'smart' smoke detectors, the increasing trend of industrial automation, digitalization, and a surge in the construction of smart cities all contribute to the market's positive trajectory. This report provides you with a comprehensive overview that includes detailed market segmentation, key trends, and forecast.

The global smoke detector market size reached US$ 2.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8% during 2023-2028.

A smoke detector is a smoke-sensing device that automatically detects fire by sensing small particles in the air. It consists of a smoke sensor and smoke alarm that catches the primary indication of fire and produces an audio and visual signal. It is usually housed in a small, round-shaped plastic case and placed on the roofs or ceilings of a room. As smoke detectors are cost-effective, easy to install, and prevent the risk of fire accidents, they are extensively installed in residential, industrial, and commercial complexes worldwide.

Smoke Detector Market Trends:

The growing global population and rapid urbanization are resulting in the rising construction of residential and commercial complexes. This represents one of the key factors influencing the market positively. In addition, the expansion of hospitals, auditoriums, shopping malls, warehouses, residential societies, and manufacturing or industrial spaces is catalyzing the demand for smoke detectors. Apart from this, the rising awareness among individuals about fire safety and the dangerous outcomes of fire outbreaks is driving the demand for smoke detectors as a cost-effective alternative for fire prevention. In line with this, the widespread adoption of photoelectric smoke detectors, which can be attributed to the ability of these devices to detect smoke relatively faster than ionization alarms, is contributing to the market growth. Furthermore, the introduction of high-performance smart smoke detectors is offering a favorable market outlook. These variants notify the users via smartphones in case the alarm is triggered. Along with this, the emerging trend of digitalization, coupled with the rising penetration of the internet of things (IoT), machine learning (ML), and artificial intelligence (AI) enabled devices, is creating a positive outlook for the market. Additionally, the increasing construction of smart cities and the emerging trend of industrial automation is offering lucrative growth opportunities to leading industry players. Moreover, the implementation of several government initiatives for preventing fire accidents, along with the rapid construction of data centers, is expected to propel the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global smoke detector market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product type, power source and end-use sector.

Breakup by Product Type:

  • Photoelectric Smoke Detector
  • Dual Sensor Smoke Detector
  • Ionization Smoke Detector
Photoelectric smoke detectors currently represent the largest market segment on account of their ability of early sensing, which helps avoid false fire alarms.

Breakup by Power Source:

  • Hardwired with Battery Backup
  • Hardwired without Battery Backup
  • Battery Powered
The battery-powered smoke detectors are used as they are easy to install and have a longer shelf life. Additionally, they can detect smoldering fires occurring in residential and commercial spaces.

Breakup by End-Use Sector:

  • Oil, Gas & Mining
  • Residential
  • Commercial
  • Transportation & Logistics
  • Manufacturing
  • Telecommunication
  • Others
The commercial sector holds the largest market share as commercial buildings are prone to fire and require routine servicing and maintenance of smoke detectors.

Breakup by Region:

  • North America
  • United States
  • Canada
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
  • Others
  • Middle East and Africa
  • Turkey
  • Saudi Arabia
  • Iran
  • United Arab Emirates
  • Others
North America exhibits a clear dominance in the market due to the presence of major manufacturers in the country. Moreover, the US Government is allocating funds for developing new and existing infrastructure projects, which is impelling the market growth.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being ABB Group, Hochiki Corporation, Honeywell International, Johnson Controls International PLC, Robert Bosch GmbH, Schneider Electric, SECOM CO., LTD, Siemens AG, United Technologies Corporation, Ceasefire Industries Pvt. Ltd.

Key Questions Answered in This Report

1. What was the size of the global smoke detector market in 2022?
2. What is the expected growth rate of the global smoke detector market during 2023-2028?
3. What are the key factors driving the global smoke detector market?
4. What has been the impact of COVID-19 on the global smoke detector market?
5. What is the breakup of the global smoke detector market based on the product type?
6. What is the breakup of the global smoke detector market based on the power source?
7. What is the breakup of the global smoke detector market based on the end-use sector?
8. What are the key regions in the global smoke detector market?
9. Who are the key players/companies in the global smoke detector market?
Frequently Asked Questions about the Global Smoke Detector Market

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

The Global Smoke Detector Market was estimated to be valued at $2 Billion in 2022.

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

The growth rate of the Global Smoke Detector Market is 7.6%, with an estimated value of $3.1 Billion by 2028.

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

The Global Smoke Detector Market is estimated to be worth $3.1 Billion by 2028.

Who are the key companies in the Global Smoke Detector Market?

Key companies in the Global Smoke Detector Market include ABB Group, Hochiki Corporation, Honeywell International, Johnson Controls International PLC, Robert Bosch GmbH, Schneider Electric, SECOM CO. Ltd. Siemens AG, United Technologies Corporation and Ceasefire Industries Pvt. Ltd..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smoke Detector Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Photoelectric Smoke Detector
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dual Sensor Smoke Detector
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Ionization Smoke Detector
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Power Source
7.1 Hardwired with Battery Backup
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Hardwired without Battery Backup
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Battery Powered
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by End-Use Sector
8.1 Oil, Gas & Mining
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Residential
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Commercial
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Transportation & Logistics
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Manufacturing
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Telecommunication
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Europe
9.2.1 Germany Market Trends Market Forecast
9.2.2 France Market Trends Market Forecast
9.2.3 United Kingdom Market Trends Market Forecast
9.2.4 Italy Market Trends Market Forecast
9.2.5 Spain Market Trends Market Forecast
9.2.6 Russia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Asia Pacific
9.3.1 China Market Trends Market Forecast
9.3.2 Japan Market Trends Market Forecast
9.3.3 India Market Trends Market Forecast
9.3.4 South Korea Market Trends Market Forecast
9.3.5 Australia Market Trends Market Forecast
9.3.6 Indonesia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Argentina Market Trends Market Forecast
9.4.4 Colombia Market Trends Market Forecast
9.4.5 Chile Market Trends Market Forecast
9.4.6 Peru Market Trends Market Forecast
9.4.7 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Turkey Market Trends Market Forecast
9.5.2 Saudi Arabia Market Trends Market Forecast
9.5.3 Iran Market Trends Market Forecast
9.5.4 United Arab Emirates Market Trends Market Forecast
9.5.5 Others Market Trends Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
11.1 Overview
11.2 Inbound Logistics
11.3 Operations
11.4 Outbound Logistics
11.5 Marketing and Sales
11.6 Service
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
13.1 Key Price Indicators
13.2 Price Structure
13.3 Price Trends
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ABB Group
14.3.2 Hochiki Corporation
14.3.3 Honeywell International
14.3.4 Johnson Controls International PLC
14.3.5 Robert Bosch GmbH
14.3.6 Schneider Electric
14.3.7 SECOM CO., LTD
14.3.8 Siemens AG
14.3.9 United Technologies Corporation
14.3.10 Ceasefire Industries Pvt. Ltd.

Companies Mentioned

  • ABB Group
  • Hochiki Corporation
  • Honeywell International
  • Johnson Controls International PLC
  • Robert Bosch GmbH
  • Schneider Electric
  • SECOM CO. Ltd
  • Siemens AG
  • United Technologies Corporation
  • Ceasefire Industries Pvt. Ltd.