Residential and Commercial Swimming Pool Alarms Market by Product, End-user, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR44233
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The residential and commercial swimming pool alarms market size has the potential to grow by USD 54.12 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (surface wave sensors, sub-surface disturbance sensors, pool gate and door alarms, and wristbands), end-user (residential and commercial), distribution channel (offline and online), and geography (North America, Europe, South America, APAC, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Blue Wave Products Inc., CEC International Inc., Coral Detection Systems Ltd., Driven Designs Inc., iSmart Alarm Inc., Lifebuoy Ltd., Maytronics US Inc., PBM Industries Inc., Piscines MAGILINE SAS, and SafetyTurtle.

What will the Residential and Commercial Swimming Pool Alarms Market Size be in 2020?

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Who are the Major Residential and Commercial Swimming Pool Alarm Vendors?

The market is fragmented. Vendors follow some criticality of inputs to compete in the market, such as technology and CAPEX. They are also investing heavily in building infrastructure, suitable for manufacturing and testing swimming pool alarms. Blue Wave Products Inc., CEC International Inc., and Coral Detection Systems Ltd. are some of the major market participants. Although the product innovation leading to portfolio extensions and product premiumization will offer immense growth opportunities, the increasing availability of substitutes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this residential and commercial swimming pool alarms market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this residential and commercial swimming pool alarms market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Blue Wave Products Inc.
  • CEC International Inc.
  • Coral Detection Systems Ltd.
  • Driven Designs Inc.
  • iSmart Alarm Inc.
  • Lifebuoy Ltd.
  • Maytronics US Inc.
  • PBM Industries Inc.
  • Piscines MAGILINE SAS
  • SafetyTurtle

Which are the Key Markets for Residential and Commercial Swimming Pool Alarms?

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North America was the largest residential and commercial swimming pool alarms market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Factors such as the availability of user-friendly and effective products and the increasing demand for smart swimming pool alarms, which have various add-on functions such as ultraviolet (UV) measure and water evaporation measuring mechanism, will significantly drive residential and commercial swimming pool alarms market growth in this region over the forecast period.

39% of the market’s growth will originate from North America during the forecast period. The US is a key market for residential and commercial swimming pool alarms in North America. Market growth in this region will be slower than the growth of the market in Europe, South America, and APAC.

What are the Major Product Segments in the Residential and Commercial Swimming Pool Alarms Market?

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Various technological advancements and an increase in the number of in-ground swimming pools across the globe are driving the residential and commercial swimming pool alarms market share growth by the surface wave sensors segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the residential and commercial swimming pool alarms market size.

How will Product Premiumization Influence Residential and Commercial Swimming Pool Alarms Market Growth?

Customers are looking for swimming pool alarms with advanced features such as self-feeding mechanism, mobile-app based notification, and smart monitoring. This is encouraging vendors to introduce technologically advanced products, in terms of features such as smart connectivity, design, and build quality. This leads to premiumization, which helps them boost their profit margins and enhance customer engagement. Technavio’s analysts have identified the increased technological innovation and product line extension, leading to product premiumization, as one of the major factors driving the growth of the residential and commercial swimming pool alarms market. The market is expected to record a CAGR of almost 6% during the forecast period.

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What are the Key Factors Covered in this Residential and Commercial Swimming Pool Alarms Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive residential and commercial swimming pool alarms market growth during the next five years
  • Precise estimation of the residential and commercial swimming pool alarms market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the residential and commercial swimming pool alarms industry across North America, Europe, South America, APAC, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of residential and commercial swimming pool alarms market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Surface wave sensors
  • Sub-surface disturbance sensors
  • Pool gate and door alarms
  • Wristbands

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Residential - Market size and forecast 2019-2024
  • Commercial - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Blue Wave Products Inc.
  • CEC International Inc.
  • Coral Detection Systems Ltd.
  • Driven Designs Inc.
  • iSmart Alarm Inc.
  • Lifebuoy Ltd.
  • Maytronics US Inc.
  • PBM Industries Inc.
  • Piscines MAGILINE SAS
  • SafetyTurtle

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The residential and commercial swimming pool alarms market growth will increase by $54.12 million during 2019-2024.
The residential and commercial swimming pool alarms market is expected to grow at a CAGR of 5.58% during 2019-2024.
Technavio has segmented the residential and commercial swimming pool alarms market by product (North, Eur, South, and APA) ,end user (Residential and Commercial) , and distribution channel (Offline and Online).
Blue Wave Products Inc., CEC International Inc., Coral Detection Systems Ltd., Driven Designs Inc., iSmart Alarm Inc., Lifebuoy Ltd., Maytronics US Inc., PBM Industries Inc., Piscines MAGILINE SAS, SafetyTurtle are a few of the key vendors in the residential and commercial swimming pool alarms market.
North America will register the highest growth rate of 39.39% among the other regions. Therefore, the residential and commercial swimming pool alarms market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the residential and commercial swimming pool alarms market growth are:
  • Product innovation leading to portfolio extensions and product premiumization
  • Rapid improvements in sensor technology
The residential and commercial swimming pool alarms market vendors should focus on grabbing business opportunities from the north segment as it accounted for the largest market share in the base year.
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