Residential and Commercial Swimming Pool Alarms Market by End-user, Distribution Channel, and Geography - Forecast and Analysis 2022-2026

The residential and commercial swimming pool alarms market share is expected to increase by USD 98.28 million from 2021 to 2026, and the market’s growth momentum will decelerate at a CAGR of 7.8%.

This residential and commercial swimming pool alarms market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers residential and commercial swimming pool alarms market segmentation by end-user (residential and commercial), distribution channel (offline and online), and geography (North America, Europe, South America, APAC, and the Middle East and Africa). The residential and commercial swimming pool alarms market report also offers information on several market vendors, including Blue Wave Products Inc., Briidea, Coral Detection Systems Ltd., Driven Designs Inc., Icloverlights, Lifebuoy, Maytronics, MG International Sensor Espio, Morri and More GmbH, PBM Industries Inc., PISCINES DESJOYAUX SA, Piscines MAGILINE SAS, Procopi, RJE Technologies Inc., Security Alarm Corp., ShockAlarm LLC, SPQ Brands, SwamCam LLC, and Techko Kobot Inc. among others.

What will the Residential and Commercial Swimming Pool Alarms Market Size be During the Forecast Period?

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Residential and Commercial Swimming Pool Alarms Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing number of swimming pools is notably driving the residential and commercial swimming pool alarms market growth, although factors such as limited access and adoption of swimming pools in areas with a water crisis may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the residential and commercial swimming pool alarms industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Residential and Commercial Swimming Pool Alarms Market Driver

The increasing number of swimming pools is one of the major drivers impacting the residential and commercial swimming pool alarms market growth. With the rising residential construction and the growing interest and awareness regarding the benefits of swimming, the number of swimming pools across the world is growing rapidly. For instance, the number of swimming pools in the US and Australia doubled in 2021 compared to 2018. Commercial swimming clubs and pools charge a membership fee. Swimming clubs offer exclusive and yearly or monthly packages with discounts to attract more consumers. The rise in the number of swimming pools will, therefore, fuel the growth of the global residential and commercial swimming pool alarms market during the forecast period. The recent outbreak of the COVID-19 pandemic has led to a downturn in the residential and commercial use of swimming pools. The outbreak of the disease has led to lockdowns in many countries, which has resulted in the temporary shutdown of commercial and residential end-users who use swimming pools. Thus, the temporary lockdown situation will reduce the number of swimming pool users, which will limit the use of swimming pool alarms until the COVID-19 pandemic is brought under control.

Key Residential and Commercial Swimming Pool Alarms Market Trend

Rising online sale is one of the major trends influencing the residential and commercial swimming pool alarms market growth. Increased product visibility, coupled with the availability of a wide product portfolio, has contributed to the growth of the online retail channel. The success of online retailing can be attributed to increased customer outreach and inventory management cost-cutting. Though the online segment occupies a lower percentage of the global residential and commercial swimming pool alarms market, the segment is expected to witness faster growth in comparison to the offline segment. Increased Internet connectivity, growing adoption of mobile Internet devices, and rising consumer awareness have contributed to the growth of the global residential and commercial swimming pool alarms market. In 2020, approximately 4.39 billion Internet users were present globally. Swimming pool alarms are not readily available in all countries across the globe. Hence, procuring these products from offline stores based in other countries becomes expensive. Hence, the introduction of products by online retailers such as Amazon would propel the demand for products according to convenience without any extra shipping or transportation cost. This growth in the demand for online retail is expected to drive the demand for residential and commercial swimming pool alarms across the globe.

Key Residential and Commercial Swimming Pool Alarms Market Challenge

Limited access and adoption of swimming pools in areas with a water crisis are one of the major challenges impeding the residential and commercial swimming pool alarms market growth. Water levels have decreased in many countries across the globe. A water crisis occurs when the water demand exceeds its supply or due to excessive wastage of water. The increasing pollution levels, climate change, geographical differences, varying consumption patterns, and urbanization also lead to a water crisis. Water pollution and contamination of available water further reduce the amount of water available for personal consumption. This growing water crisis in several countries is restricting the adoption of swimming pools, as it requires regular maintenance and replacement with huge quantities of water. This increases water bills and, in turn, the membership fees for commercial swimming pools. It also hampers the adoption of swimming pools in homes. Water crisis hampers individual participation in swimming, thereby reducing the need for swimming pool-related accessories such as swimming pool alarms. Thus, the declining water level across the globe would affect the growth of the global residential and commercial swimming pool alarms market.

This residential and commercial swimming pool alarms market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global residential and commercial swimming pool alarms market as a part of the global consumer electronics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the residential and commercial swimming pool alarms market during the forecast period.

Who are the Major Residential and Commercial Swimming Pool Alarms Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Blue Wave Products Inc.
• Briidea
• Coral Detection Systems Ltd.
• Driven Designs Inc.
• Icloverlights
• Lifebuoy
• Maytronics
• MG International Sensor Espio
• Morri and More GmbH
• PBM Industries Inc.
• PISCINES DESJOYAUX SA
• Piscines MAGILINE SAS
• Procopi
• RJE Technologies Inc.
• Security Alarm Corp.
• ShockAlarm LLC
• SPQ Brands
• SwamCam LLC
• Techko Kobot Inc.

 

This statistical study of the residential and commercial swimming pool alarms market encompasses successful business strategies deployed by the key vendors. The residential and commercial swimming pool alarms market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• bluewaveproducts.com - The company offers residential and commercial swimming pool alarms that detect entry into the pool by children, pets, or intruders, and the remote receiver sounds within a 100-ft wireless range.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The residential and commercial swimming pool alarms market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Residential and Commercial Swimming Pool Alarms Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the residential and commercial swimming pool alarms market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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

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40% of the market’s growth will originate from North America during the forecast period. The US is the key market for residential and commercial swimming pool alarms market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increasing demand for smart swimming pool alarms, which have various add-on functions like ultraviolet (UV) measures and water evaporation measures will facilitate the residential and commercial swimming pool alarms market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The residential and commercial swimming pool alarms market in North America witnessed a temporary decline in 2020 owing to the COVID-19 outbreak. Many end-user sectors, especially commercial end-users such as construction, automotive, and industrial sectors, partially shut down their operations due to the pandemic. This led to the downfall of the economy and hampered trade in North America. 

What are the Revenue-generating End-user Segments in the Residential and Commercial Swimming Pool Alarms Market?

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The residential and commercial swimming pool alarms market share growth in the residential segment will be significant during the forecast period. The growth of the segment is driven by increased adoption of swimming pools, and consecutively, the demand for swimming pool accessories such as swimming pool alarms. The increased awareness regarding the need for swimming pool-related safety equipment, the expanding middle-class segment, disposable income, and growing household expenditure in the major countries across the globe are propelling the demand for swimming pool alarms.

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 and actionable market insights on post COVID-19 impact on each segment.

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Residential and Commercial Swimming Pool Alarms Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 7.8%
Market growth 2022-2026	$ 98.28 million
Market structure	Fragmented
YoY growth (%)	9.11
Regional analysis	North America, Europe, South America, APAC, and the Middle East and Africa
Performing market contribution	North America at 40%
Key consumer countries	US, Australia, France, Spain, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Blue Wave Products Inc., Briidea, Coral Detection Systems Ltd., Driven Designs Inc., Icloverlights, Lifebuoy, Maytronics, MG International Sensor Espio, Morri and More GmbH, PBM Industries Inc., PISCINES DESJOYAUX SA, Piscines MAGILINE SAS, Procopi, RJE Technologies Inc., Security Alarm Corp., ShockAlarm LLC, SPQ Brands, SwamCam LLC, and Techko Kobot Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

• CAGR of the market during the forecast period 2022-2026
• 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 the Middle East and Africa
• 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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