PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134297
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1134297
Smoke Detector Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Increasing number of residential and commercial mishaps and popularity for smart homes across the globe to drive the smoke detectors market
The global smoke detector market is poised to reach US$ 3.55 Bn by 2030, expanding at a CAGR of 6.0% during the forecast period from 2022 to 2030. Increasing safety concerns for residential and commercial buildings and mounting penetration towards smart homes are perpetually growing the demand for smoke detectors. In addition, the integration of smoke detectors with digitization like IoT and AI are identified as the major factors driving demand for smoke detectors worldwide. However, higher installation cost and replacement cost due to transition from conventional to modern detectors are the major challenges faced by smoke detector market globally.
Increasing Demand from the Commercial and Residential buildings to Drive Growth Prospects
Strict government policies and regulations in developing economies has mandate for the use of smoke detectors in commercial and residential infrastructures. Significant growth in urbanization across the globe is expected to increase the demand for smoke detectors from the sectors. Other key features affecting the growth of smoke detectors includes government initiatives, increasing adoption for smart technology like smart homes and security. With the infrastructural developments such as entertainment buildings, hotels, educational institutions, and other commercial buildings, owing to the ability to provide fire protection will drive the demand for smoke detectors.
Growing number of construction activities has initiated the need for smoke detectors to be installed in commercial infrastructures such as office spaces, shopping malls, buses, metros, and recreational centers. In the recent years, U.K. has increased its fire services across residential segment which is expected to boost up the smoke detector market.
North America to Dominate, Asia Pacific to Witness Strong Growth
In the recent years, due to advancement in technology the North America holds around one-third of smoke detector market. The increased strictness in government policies and mandates for fire safety regulation in the U.S. and Canada has increased the demand for smoke detectors in this region. According to the National Fire Protection Association (NFPA), around 4% of homes in North America face death and mishaps due to non-availability of smoke detectors. In order to minimize the risk of deaths in residential and commercial buildings, use of smoke detectors has been mandated by government which in turn will drive the demand for smoke detectors across the region.
Asia Pacific region is going to witness a lucrative growth among the emerging economies such as China, India and Indonesia. The incorporation of the digital technology such as IoT and AI is bound to fetch a massive change to both small and large scale sectors in the Asia Pacific region. Growing construction activities in residential, commercial, industrial, and civil engineering sectors has fuel up the need for smoke detectors.
Implementation of smoke detectors with IoT will automatically enable the user by using a text-to-speech system for any fire mishap, owing to minimize casualties, economic & physical losses and operational activities. Integration of AI with smoke detectors helps in differentiate between combustion and non-combustion particles, which in turn reduces unwanted and false fire alarms with accurate detection.
Key Players & Competitive Landscape:
Some of the leading manufacturers profiled in the study includes Kidde, Honeywell International Inc., Johnson Controls, BRK Brands, Inc., Siemens AG, ABB Group, Hochiki Corporation, Xtralis Pty Ltd., Robert Bosch LLC, and Huawei Technologies Co., Ltd.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Smoke Detector market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Smoke Detector market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Million
Segmentation
Technology
Ionization Smoke Detection Device
Photoelectric Smoke Detection Device
Dual Sensor Smoke Detection Device
End-use Vertical
Commercial
Residential
Industrial
Other Industries
Region Segment (2020-2030; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Smoke Detector market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Smoke Detector market?
Which is the largest regional market for Smoke Detector market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Smoke Detector market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Smoke Detector market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Smoke Detector Market
- 2.2. Global Smoke Detector Market, By Technology, 2021 (US$ Million)
- 2.3. Global Smoke Detector Market, By End-use Vertical, 2021 (US$ Million)
- 2.4. Global Smoke Detector Market, By Geography, 2021 (US$ Million)
- 2.5. Impact of Covid 19
- 2.6. Attractive Investment Proposition by Geography, 2021
- 2.7. Competitive Analysis
- 2.7.1. Market Positioning of Key Smoke Detector Market Vendors
- 2.7.2. Strategies Adopted by Smoke Detector Market Vendors
- 2.7.3. Key Industry Strategies
3. Smoke Detector Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Smoke Detector Market Value, 2020 - 2030, (US$ Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Smoke Detector Market: By Technology, 2020-2030, USD (Million)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Ionization Smoke Detection Device
- 4.3.1.1. Photoelectric Smoke Detection Device
- 4.3.1.2. Dual Sensor Smoke Detection Device
- 4.3.1. Ionization Smoke Detection Device
5. Smoke Detector Market: By End-use Vertical, 2020-2030, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. Commercial
- 5.3.2. Residential
- 5.3.3. Industrial
- 5.3.4. Other Industries
6. North America Smoke Detector Market, 2020-2030, USD (Million)
- 6.1. Market Overview
- 6.2. Smoke Detector Market: By Technology, 2020-2030, USD (Million)
- 6.3. Smoke Detector Market: By End-use Vertical, 2020-2030, USD (Million)
- 6.4.Smoke Detector Market: By Region, 2020-2030, USD (Million)
- 6.4.1.North America
- 6.4.1.1. U.S.
- 6.4.1.2. Canada
- 6.4.1.3. Rest of North America
- 6.4.1.North America
7. UK and European Union Smoke Detector Market, 2020-2030, USD (Million)
- 7.1. Market Overview
- 7.2. Smoke Detector Market: By Technology, 2020-2030, USD (Million)
- 7.3. Smoke Detector Market: By End-use Vertical, 2020-2030, USD (Million)
- 7.4.Smoke Detector Market: By Region, 2020-2030, USD (Million)
- 7.4.1.UK and European Union
- 7.4.1.1. UK
- 7.4.1.2. Germany
- 7.4.1.3. Spain
- 7.4.1.4. Italy
- 7.4.1.5. France
- 7.4.1.6. Rest of Europe
- 7.4.1.UK and European Union
8. Asia Pacific Smoke Detector Market, 2020-2030, USD (Million)
- 8.1. Market Overview
- 8.2. Smoke Detector Market: By Technology, 2020-2030, USD (Million)
- 8.3. Smoke Detector Market: By End-use Vertical, 2020-2030, USD (Million)
- 8.4.Smoke Detector Market: By Region, 2020-2030, USD (Million)
- 8.4.1.Asia Pacific
- 8.4.1.1. China
- 8.4.1.2. Japan
- 8.4.1.3. India
- 8.4.1.4. Australia
- 8.4.1.5. South Korea
- 8.4.1.6. Rest of Asia Pacific
- 8.4.1.Asia Pacific
9. Latin America Smoke Detector Market, 2020-2030, USD (Million)
- 9.1. Market Overview
- 9.2. Smoke Detector Market: By Technology, 2020-2030, USD (Million)
- 9.3. Smoke Detector Market: By End-use Vertical, 2020-2030, USD (Million)
- 9.4.Smoke Detector Market: By Region, 2020-2030, USD (Million)
- 9.4.1.Latin America
- 9.4.1.1. Brazil
- 9.4.1.2. Mexico
- 9.4.1.3. Rest of Latin America
- 9.4.1.Latin America
10. Middle East and Africa Smoke Detector Market, 2020-2030, USD (Million)
- 10.1. Market Overview
- 10.2. Smoke Detector Market: By Technology, 2020-2030, USD (Million)
- 10.3. Smoke Detector Market: By End-use Vertical, 2020-2030, USD (Million)
- 10.4.Smoke Detector Market: By Region, 2020-2030, USD (Million)
- 10.4.1.Middle East and Africa
- 10.4.1.1. GCC
- 10.4.1.2. Africa
- 10.4.1.3. Rest of Middle East and Africa
- 10.4.1.Middle East and Africa
11. Company Profile
- 11.1. Kidde
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. Honeywell International Inc.
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. Johnson Controls
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. BRK Brands, Inc.
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. Siemens AG
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. ABB Group
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. Hochiki Corporation
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. Xtralis Pty Ltd.
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Robert Bosch LLC
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. Huawei Technologies Co., Ltd.
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Smoke Detector Market By Technology, 2020-2030, USD (Million)
- TABLE 2 Global Smoke Detector Market By Ionization Smoke Detection Device, 2020-2030, USD (Million)
- TABLE 3 Global Smoke Detector Market By End-use Vertical, 2020-2030, USD (Million)
- TABLE 4 North America Smoke Detector Market By Technology, 2020-2030, USD (Million)
- TABLE 5 North America Smoke Detector Market By Ionization Smoke Detection Device, 2020-2030, USD (Million)
- TABLE 6 North America Smoke Detector Market By End-use Vertical, 2020-2030, USD (Million)
- TABLE 7 UK and European Union Smoke Detector Market By Technology, 2020-2030, USD (Million)
- TABLE 8 UK and European Union Smoke Detector Market By Ionization Smoke Detection Device, 2020-2030, USD (Million)
- TABLE 9 UK and European Union Smoke Detector Market By End-use Vertical, 2020-2030, USD (Million)
- TABLE 10 Asia Pacific Smoke Detector Market By Technology, 2020-2030, USD (Million)
- TABLE 11 Asia Pacific Smoke Detector Market By Ionization Smoke Detection Device, 2020-2030, USD (Million)
- TABLE 12 Asia Pacific Smoke Detector Market By End-use Vertical, 2020-2030, USD (Million)
- TABLE 13 Latin America Smoke Detector Market By Technology, 2020-2030, USD (Million)
- TABLE 14 Latin America Smoke Detector Market By Ionization Smoke Detection Device, 2020-2030, USD (Million)
- TABLE 15 Latin America Smoke Detector Market By End-use Vertical, 2020-2030, USD (Million)
- TABLE 16 Middle East and Africa Smoke Detector Market By Technology, 2020-2030, USD (Million)
- TABLE 17 Middle East and Africa Smoke Detector Market By Ionization Smoke Detection Device, 2020-2030, USD (Million)
- TABLE 18 Middle East and Africa Smoke Detector Market By End-use Vertical, 2020-2030, USD (Million)
List of Figures
- FIG. 1 Global Smoke Detector Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Smoke Detector Market: Quality Assurance
- FIG. 5 Global Smoke Detector Market, By Technology, 2021
- FIG. 6 Global Smoke Detector Market, By End-use Vertical, 2021
- FIG. 7 Global Smoke Detector Market, By Geography, 2021
- FIG. 8 Global Smoke Detector Market, By Technology, 2021 Vs 2030, %
- FIG. 9 Global Smoke Detector Market, By End-use Vertical, 2021 Vs 2030, %
- FIG. 10 U.S. Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 11 Canada Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 12 Rest of North America Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 13 UK Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 14 Germany Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 15 Spain Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 16 Italy Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 17 France Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 18 Rest of Europe Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 19 China Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 20 Japan Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 21 India Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 22 Australia Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 23 South Korea Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 24 Rest of Asia Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 25 Brazil Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 26 Mexico Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 27 Rest of Latin America Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 28 GCC Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 29 Africa Smoke Detector Market (US$ Million), 2020 - 2030
- FIG. 30 Rest of Middle East and Africa Smoke Detector Market (US$ Million), 2020 - 2030
