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The smoke detectors market size is estimated to grow at a CAGR of 11.9% between 2022 and 2027. The market size is forecast to increase by USD 1,622.54 million. The growth of the market depends on several factors, such as an increase in residential construction, growing replacement demand for smoke detectors, and stringent regulations supporting improved fire safety standards. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
This report extensively covers market segmentation by end-user (commercial and public, residential, and industrial), type (photoelectric, dual sensor, ionization, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Smoke Detectors Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Increased regulation by various associations, technological advances in smoke alarm technology, increased end-user awareness, and aging domestic and global infrastructure are a variety of reasons contributing to the increased replacement needs within the country.
Furthermore, as per the NFPA, 75% of US homes were equipped with smoke alarms (smoke detectors). Thus, most of the demand for smoke detectors will be due to replacement in the future. New sealed battery smoke alarms with a ten-year lifespan are very popular and will have a long-term impact on replacement demand. This will drive the growth of the market during the forecast period.
The increasing use of multi-criteria smoke detectors is primarily due to improved options for fire detection. This is one of the most important trends in the market. Multi-criteria smoke alarms (smoke detectors) can detect large-scale fires more quickly. Photoelectric detectors are increasingly used in combination with sensors that can detect light and other combustion products such as CO. Signals from these sensors are conditioned by an integrated microprocessor. Algorithms are used to handle false alarms and improve response time during real fires.
Moreover, some market players such as Carrier Global, Honeywell, and SystemSensor are developing advanced smart smoke detectors that continuously monitor key fire elements such as smoke, light, carbon monoxide, and heat, to prevent false alarms. More durable and more accurate. The growing interest of players in launching multi-criteria smoke detectors that comply with new regulatory requirements will help the company to commercialize an increase in such products. Hence, such factors will drive the growth of the market during the forecast period.
The smoke detectors may not operate in a timely manner or may fail to detect the presence of thick, toxic smoke. According to various studies, ionization smoke detectors detected small smoke particles from flames, but not smoldering fires that produce large amounts of smoke. This can prevent residents from being alerted, resulting in injury and death. This is a serious defect, especially for ionizing smoke detectors.
Moreover, this has led to a ban on the use of ionization smoke alarms (smoke detectors) in new constructions in three states of the US including Massachusetts, Vermont, and Iowa. Organizations such as the SAAF (Alabama) are working hard to raise awareness of these smoke detector flaws. The growth of the global smoke detector market during the forecast period is hampered as some smoke detectors are inefficient in meeting the required performance.
The commercial and public segments will account for a major share of the market's growth during the forecast period. The commercial and public sector includes commercial facilities such as office buildings, shopping malls, complexes, data centers, warehouses, hotels, motels, and supermarkets, and public facilities such as railway stations, museums, metro stations, hospitals, government buildings, and airports. Due to rising growth in commercial and public space constructions, as well as the regulations underlying the installation of smoke alarms (smoke detectors) in the commercial and public segments is expected to grow significantly during the forecast period.
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The commercial and public segment was valued at USD 715.63 million in 2017 and continued to grow until 2021.?The surge in new commercial real estate investment in developed countries and the increasing demand for new retail, commercial, and office space in developing countries are increasing the demand for smoke alarm installations. Regulations, standards, and guidelines such as the Occupational Safety and Health Administration's (OSHA) Fire Alarm System Standard 1910.164 and the NFPA 101 Life Safety Code, which mandates the installation of smoke detectors in new commercial buildings are working in tandem with the construction of commercial spaces globally. Hence, these factors are expected to drive the growth of the market during the forecast period.
Based on type, the market has been segmented into photoelectric, dual sensor, ionization, and others. The photoelectric segment will account for the largest share of this segment.?Photoelectric smoke detectors detect smoke using a light source and an optical sensor in the sensor chamber. When smoke enters the sensor chamber, smoke particles block the light beam and reflect some of the light beams from the sensor, which sounds like an alarm. Some of the advanced products offered by players include 5808W3 from Honeywell International, 7010LBL from BRK Brands, OP921 from Siemens, and 2951J(A) from Johnson Controls International. Furthermore, the support of local and international organizations and authorities, such as The British Standards Institution and the International Association of Fire Fighters, is further propagating the use of photoelectric smoke detectors over ionization smoke detectors, which will drive the growth of the market during the forecast period.
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North America is estimated to contribute 32% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The North American smoke detectors market is driven by increased focus by NFP and OSHA on implementing building fire safety measures. Photoelectric smoke detectors are very popular and are used in most buildings in the region. This is due to their greater operational effectiveness than ionizing smoke detectors. Smart smoke detectors, which have multiple sensors and can detect both smoke and CO, have also become increasingly popular in recent years compared to traditional smoke detectors.
Moreover, the increasing use of smoke alarms in North America is also due to an increase in residential construction projects, healthcare facilities, hotel projects, and commercial construction projects. The growth of the market in this region is mainly dependent on the expansion of manufacturing facilities and the construction of non-residential buildings in countries such as the US and Canada. In addition, the US chemical industry will see increased production capacity, which is expected to boost the demand for fire safety systems, such as smoke detectors, during the forecast period.
The smoke detectors market in North America witnessed a slowdown in revenue growth owing to the outbreak of COVID-19 in 2020. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions. There was a recovery in commercial and construction activity, which enhanced the demand for smoke detectors in workplaces, hotels, and public areas. The incorporation of cutting-edge technology into smoke detectors, such as smart features and IoT connectivity is expected to boost the growth of the market in this region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd.: The company offers smoke detectors such as Busch-Smoke alarm detectors.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Alphabet Inc., Carrier Global Corp., Ceasefire Industries Pvt. Ltd., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Huawei Technologies Co. Ltd., Johnson Controls International Plc, Mircom Group of Companies, Protec Fire and Security Group Ltd., Pyrexx GmbH, Resideo Technologies Inc., Safelincs Ltd., Schneider Electric SE, Secom Co. Ltd., Siemens AG, Universal Security Instruments Inc., and Robert Bosch GmbH.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The smoke detectors market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Smoke Detectors Market Scope |
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Report Coverage |
Details |
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Page number |
182 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 11.9% |
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Market growth 2023-2027 |
USD 1,622.54 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
11.8 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 32% |
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Key countries |
US, Canada, China, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Alphabet Inc., Carrier Global Corp., Ceasefire Industries Pvt. Ltd., Gentex Corp., Halma Plc, HOCHIKI Corp., Honeywell International Inc., Huawei Technologies Co. Ltd., Johnson Controls International Plc, Mircom Group of Companies, Protec Fire and Security Group Ltd., Pyrexx GmbH, Resideo Technologies Inc., Safelincs Ltd., Schneider Electric SE, Secom Co. Ltd., Siemens AG, Universal Security Instruments Inc., and Robert Bosch GmbH |
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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. |
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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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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