PUBLISHER: Lucintel | PRODUCT CODE: 1269489
PUBLISHER: Lucintel | PRODUCT CODE: 1269489
Smoke Detector Market Trends and Forecast
The future of the global smoke detector market looks promising with opportunities in the commercial, industrial, and residential end use industries. The global smoke detector market is expected to reach an estimated $2.40 billion by 2028 with a CAGR of 10.2% from 2023 to 2028. The major drivers for this market are increasing awareness towards fire safety in private and public buildings, growing government regulations for adoption of smoke detectors, and rising trend of IoT-enabled smart smoke detection services.
A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below.
Smoke Detector Market by Segment
Smoke Detector Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
Smoke Detector Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
Smoke Detector Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
List of Smoke Detector Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, smoke detector companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smoke detector companies profiled in this report include-
Smoke Detector Market Insights
Features of the Smoke Detector Market
FAQ
Q1. What is the smoke detector market size?
Answer: The global smoke detector market is expected to reach an estimated $2.40 billion by 2028.
Q2. What is the growth forecast for smoke detector market?
Answer: The global smoke detector market is expected to grow with a CAGR of 10.2% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the smoke detector market?
Answer: The major drivers for this market are increasing awareness towards fire safety in private and public buildings, growing government regulations for adoption of smoke detectors, and rising trend of IoT-enabled smart smoke detection service.
Q4. What are the major segments for smoke detector market?
Answer: The future of the smoke detector market looks promising with opportunities in the commercial, industrial, and residential end use industries.
Q5. Who are the key smoke detector companies?
Answer: Some of the key smoke detector companies are as follows:
Q6. Which smoke detector segment will be the largest in the future?
Answer:Lucintel forecasts that photoelectric will remain the largest technology segment over the forecast period due to its increasing usage in residential application for detecting smouldering fires.
Q7. In smoke detector market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the increasing installation of smoke detectors and carbon monoxide detectors in homes as per the guidelines of US Fire Administration guidelines (USFA).
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.