Global Commercial Smoke Detector Market 2016-2020

Global outlook of the commercial smoke detector market

Technavio’s market research analysts predict the global commercial smoke detector market to grow steadily during the next four years and post an impressive revenue of almost USD 2 billion by 2020. This industry research report identifies factors such as the increasing demand for replacing smoke detectors to have a positive impact on the growth of this market. It has been observed that the replacement of commercial smoke detectors accounted for the market’s major revenue share during 2015. With the introduction of strict regulations by various regulatory bodies across the world, technological advancements, and the rise in awareness among end-users this demand will only increase in the coming years. Factors such as the national fire protection association’s (NFPA) recommendation to replace smoke detectors every ten years coupled with the advent of battery-powered smoke detectors with a sealed battery and a ten-year operational life will drive the growth of the commercial smoke detector market in the coming years.

Advances in smoke detector technology coupled with the adoption of the Internet of Things (IoT) and big data technologies will result in the growing popularity of smart smoke detectors with high connectivity features. This will make it much simpler to monitor the battery status and receive alerts and will also enable end-users to monitor operations through mobile devices from remote locations. Though the high prices of smart smoke detectors pose a significant challenge to the market’s growth, technological advancements and the rising level of market competition will result in significant price reductions.

Competitive landscape and key vendors

This global market is highly competitive and is characterized by the presence of well-diversified international vendors and regional or domestic suppliers. Leading smoke detector manufacturers are concentrating on providing high-quality products with additional features. Whereas, the regional market players offer products at comparative prices and pose stiff competition to the international vendors. To sustain the competitive market and enhance their customer base, vendors have the need to develop and market innovative products. The emergence of large players such as Google and Apple has intensified the level of competition in the already competitive market. This will also result in the increased need to develop innovative products, which will compel smoke detector vendors to start increasing their R&D investments to introduce technologically superior products.

The leading vendors in the market are -

• Apollo Fire Detectors
• Gentex
• Honeywell
• Siemens
• Tyco

The other prominent vendors in the market are Edwards Signaling, Mircom, Safelincs, System Sensors, and Xtralis.

Segmentation by sensor type and analysis of the commercial smoke detector market

• Photoelectric
• Dual sensors
• Ionization

Based on the sensor type, the photoelectric smoke detector segment accounted for major market shares and dominated the industry during 2015. Factors such as the fast response time of photoelectric sensors and the decreasing usage of ionization smoke detectors due to their inability to detect life-threatening fires will drive the growth of the market segment in the coming years.

Geographical segmentation and analysis of the commercial smoke detector market

• Americas
• APAC
• EMEA

This market research and analysis predicts that in terms of geographical regions, the Americas will be the major revenue contributor to the commercial smoke detectors market during the next four years. This is mainly due to the standards set by the NFPA and other regulatory authorities that mandate the use of smoke alarms in all buildings. Moreover, the recent rise in commercial construction activities in the region, especially in countries such as the US, Canada, and Brazil will also fuel the growth of the carbon monoxide detector or smoke detector market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global commercial smoke detector market?
• What are the key market trends impacting the growth of the global commercial smoke detector market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial smoke detector market?
• What are the market opportunities and threats faced by the vendors in the global commercial smoke detector market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global commercial smoke detector market?

Technavio also offers customization on reports based on specific client requirement.

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