The Smoke Detector Market was valued at USD 1.80 billion in 2020 and is expected to reach USD 2.90 billion by 2026, at a CAGR of 8.3% over the forecast period 2021 - 2026. The latest trend of IoT-enabled smart smoke detecting service helps customers to prevent false alarms and offer enhanced security with advanced risk monitoring and instant action in any adversity. Customers can turn off the alarm via their IoT enabled devices in case of false alarms and the IoT enabled system notifies the user about the need to change or replace batteries and other wearables. Also the amalgamation with smartphones will drive the smoke detector market in the forecast period.
- A smoke detector is critical for the early detection of a fire in the residential, commercial, as well as the industrial segments throughout the world. In a fire, smoke and deadly gases tend to spread farther and faster than heat, leading to death from inhalation of smoke and toxic gases. The growth of the commercial realty sector and IT industry to safeguard high-value assets such as data centers, manufacturing plants, powerhouse, buildings, and IT infrastructure is attracting the demand for fire safety equipment.
- Implementation of residential safety standards is driving the market. The increase in concern about fire safety has prompted the guidelines to be set by the US Fire Administration (USFA). Smoke detectors must now be installed inside every bedroom, outside each sleeping area, and on each level of the home, including the basement, and one carbon monoxide detector on each level and in each sleeping area. Photoelectric detectors tend to be more commonly used in homes, as they are quick to detect smoke coming from burning fabrics and furnishings.
- However, there are certain complications in installing the smoke detectors, like installing the smoke detectors on a mounting surface that could be considerably cooler or warmer than the room, such as on an exterior wall or ceiling with poor insulation is a key challenge for the market.
Key Market Trends
Residential Applications to Drive the Demand for Smoke Detectors
- With increasing focus on safety across homes, smoke and fire detectors are increasingly being used. Photoelectric and ionization smoke detectors are widely used in residential properties. In a residential setting, photoelectric alarms are more responsive to smoldering fires, whereas ionization detectors are better for flaming fires.
- Smoke detectors in residential applications should understand the most recent NFPA 72 and National Fire Alarm and Signaling Code requirements. When a very large residence contains floor areas greater than 1,000 square feet (excluding garage areas), the code requires smoke alarms installed on the ceiling, where photoelectric smoke detector are permitted, which increases the market growth.
- Moreover, the United Kingdom has also witnessed an increase in fire services over the past few years. Further, with the expansion of smart homes trend across the world, the demand for smoke and fire detectors has increased. Thus, the installation of smoke detectors in the residential segment is expected to grow further.
- In England, every year the fire and rescue service is called to over 600,000 fires which result in over 800 deaths and over 17,000 injuries. About 50,000 (140 a day) of these are in the home and kill nearly 500 and injure over 11,000, many which could have been prevented if people had an early warning and were able to get out in time, by which the demand of smoke detector will increase in coming period.
North America Accounts for a Significant Market Share
- North America, with an average of 3,000 US citizens dying each year, due to fire accidents, and almost two-thirds of home fire deaths occurring in homes without smoke detectors, has the prospect of installing smoke detectors throughout the region.
- In addition to that, firefighters pay a high price for the terrible fire record as well. Roughly 100 firefighters die each year in the line of duty. Direct property losses, due to fire reached almost USD 23 billion in 2017. Most of these losses and deaths can be prevented if strict measures are taken concerning home safety.
- Smoke detectors equipped with ionization technology have been demonstrated to operate only after dangerous conditions have developed during smoldering fires. As a result, some of the US states, such as Massachusetts and Vermont, recommend the use of photoelectric smoke alarms.
- As an entity of the Department of Homeland Security's Federal Emergency Management Agency, the US Fire Administration (USFA) is dedicated in the prevention, preparedness, and response by providing national leadership to local fire and emergency services. They have laid out foundations and regulations for installing smoke detectors in new and existing homes throughout the United States.
The market for smoke detectors is fragmented because of the higher competition between the players and the vast majority of the players functioning in the global market are taking steps to raise their market footprint, by concentrating on product diversification and development. Key players are Honeywell International Inc., ABB Group, Siemens AG, etc. Recent developments in the market are -
- April 2019 - Siemens Smart Infrastructure launched new ceiling and wall-mounted alarm devices. The portfolio includes both acoustic and optical alarm devices in accordance with European Standards EN 54-3 / EN 54-23 and EN 54-17. These products address evolving market developments for close integration of voice alarms with fire protection systems.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support