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Smoke Detector Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR45948
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The smoke detectors market share is expected to increase by USD 461.19 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.71%.

This smoke detectors 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 smoke detectors 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 MEA). The smoke detectors market report also offers information on several market vendors, including ABB Ltd., BRK Brands Inc., Carrier Global Corp., Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, and Universal Security Instruments Inc. among others.

What will the Smoke Detectors Market Size be During the Forecast Period?

Smoke Detector Market Size

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Smoke Detectors Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in residential construction is notably driving the smoke detectors market growth, although factors such as disposal of smoke detectors may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smoke detectors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Smoke Detectors Market Driver

The increase in residential construction will fuel the growth of the smoke detectors market size. Residential buildings owners are the key end-users of smoke detectors. Over the last few years, there has been a growing emphasis on safety measures, primarily due to accidents and related casualties in residential buildings. As a result, new guidelines related to residential safety such as the NFPA 74 and the EN 54-7:2018 have been adopted, primarily in western countries such as the US and the UK. Governments in other countries have also started adopting residential safety standards. The implementation of sufficient safety measures and compliance with specific safety regulations have been mandated, which has helped the global home safety market, including the global residential smoke detector market, remain buoyant. 

This smoke detectors 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 2021-2025.

Who are the Major Smoke Detectors Market Vendors?

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

 

  • ABB Ltd.
  • BRK Brands Inc.
  • Carrier Global Corp.
  • Hochiki America Corp.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • Universal Security Instruments Inc.

 

This statistical study of the smoke detectors market encompasses successful business strategies deployed by the key vendors. The smoke detectors market is fragmented and the vendors are deploying growth strategies such as product diversification to compete in the market.

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 smoke detectors 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. 

Which are the Key Regions for Smoke Detectors Market?

Smoke Detector Market Market segmentation by region

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30% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for smoke detectors in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The presence of strict regulatory mandates and increased awareness toward fire safety compliance across end-user industries will facilitate the smoke detectors market growth in APAC 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.

What are the Revenue-generating End-user Segments in the Smoke Detectors Market?

Smoke Detector Market Segmentation

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The smoke detectors market share growth by the commercial and public segment will be significant during the forecast period. The commercial and public segment includes commercial facilities such as office buildings, malls, multiplexes, data centers, art galleries, warehouses, hotels, motels, and supermarkets and public facilities such as railway stations, museums, metro stations, hospitals, government buildings, and airports. The commercial and public segment is expected to grow at a steady pace during the forecast period owing to increasing growth in commercial and public space constructions, as well as the regulations mandating and underlying the installation of smoke detectors. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the smoke detectors market size and actionable market insights on post COVID-19 impact on each segment.

 

Smoke Detectors Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.71%

Market growth 2021-2025

$ 461.19 million

Market structure

Fragmented

YoY growth (%)

3.97

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 30%

Key consumer countries

US, Germany, China, Canada, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., BRK Brands Inc., Carrier Global Corp., Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, and Universal Security Instruments 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, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Smoke Detectors Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive smoke detector market growth during the next five years
  • Precise estimation of the smoke detector market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the smoke detector industry across North America, Europe, APAC, South America, 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 smoke detector market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

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

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Commercial and public - Market size and forecast 2020-2025
  • Residential - Market size and forecast 2020-2025
  • Industrial - Market size and forecast 2020-2025
  • Market opportunity by End-user

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Photoelectric - Market size and forecast 2020-2025
  • Dual-sensor - Market size and forecast 2020-2025
  • Ionization - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • BRK Brands Inc.
  • Carrier Global Corp.
  • Hochiki America Corp.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • Robert Bosch GmbH
  • Schneider Electric SE
  • Siemens AG
  • Universal Security Instruments Inc.

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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Smoke Detectors market growth will increase by $461.19 million during 2020-2025.
The smoke detectors market is expected to grow at a CAGR of 4.71% during 2020-2025.
Technavio has segmented the smoke detectors market by end user (Commercial and public, Residential, and Industrial) ,type (Photoelectric, Dual-sensor, Ionization, and Others) , and geographic (North America, Europe, APAC, South America, and MEA).
ABB Ltd., BRK Brands Inc., Carrier Global Corp., Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, Universal Security Instruments Inc. are a few of the key vendors in the smoke detectors market.
APAC will register the highest growth rate of 29.84% among the other regions. Therefore, the smoke detectors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Germany
  • China
  • Canada
  • India
The key factors driving the smoke detectors market growth are:
  • Increase in residential construction
The smoke detectors market vendors should focus on grabbing business opportunities from the commercial and public segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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  • Details on the market shares of various regions
  • Five-force market analysis

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