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The Global Smoke Detector Market accounted for USD 1.62 billion in 2017 and is projected to grow at a CAGR of 10% the forecast period of 2018 to 2025. The report includes market shares of smoke detector market for global, Europe, North America, Asia Pacific and South America. The Smoke Detector Market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Some of the major players of the global smoke detector market are
- BRK Brands
- Honeywell Security
- Johnson Controls
- Sprue Aegis
- Xtralis, Siemens
- Ei Electronics
- Nohmi Bosai
Other players are Smartwares, Hekatron, Nest, Busch-jaeger, Gulf Security Technology, System Sensor, Shanghai Nohmi Secom, Shanying Fire, Forsafe, D&K Group International and Shenzhen Gabel Electronics. The global smoke detector market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
More recently Eaton’s Fire Systems, for example, has introduced a more flexible and cost-effective solution with its five-in-one detector incorporating optical and thermal elements including three levels of heat along with smoke detection within the conventional panel product.
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Market Segmentation: Global Smoke Detector Market
- The global smoke detector market is segmented based on
- Power source
- End-user industry
- Geographical segments
- Based on power source, the global smoke detector market can be segmented into
- Battery powered
- Hardwired with battery backup
- Hardwired without battery backup
- Based on product, the global smoke detector market can be segmented into
- Photoelectric smoke detector
- Ionization smoke detector
- Dual sensor smoke detector, and others
- Based on service, the global smoke detector market is segmented into
- Engineering services
- Installation & design services
- Maintenance services
- Managed services
- Based on end user industry, the global smoke detector market is segmented into
- Oil, gas & mining
- Transportation & logistics
- Based on geography the global smoke detector market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
Market Drivers and Restraints:
- Technological advancements like increase in adoption of IoT and smart home/building among the population worldwide.
- Business enterprises are trying to provide working environment for their employees.
- Increase in number of fire accidents.
- Frequent power cut may be a restraint.
- High implementation costs.
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