Residential Smoke Detectors Market in the US 2016-2020
Published: Feb 2016 | Pages: 90 | SKU: IRTNTR8699 |
Overview of the residential smoke detectors market in the US
The market for residential smoke detectors in the US is anticipated to grow at a CAGR of more than 7% until 2020 and will be positively affected by the increase in residential construction and replacement demand for smoke detectors. A critical factor that spurs the prospects for growth in this market is the increasing government support in the form of grants to the fire departments of various states in the US for the installation of smoke detectors. Furthermore, factors such as technological advancements in smoke detector technologies, growing awareness among the end users, and aging residential infrastructure in the country will aid in the growth of this market during the estimated period.
Technavio’s market research analyst have estimated eminent factors, such as the integration of smoke detectors with building systems, to impel market growth during the forecast period. The integration of smoke detectors with building systems yields various operational and economic benefits, which includes reduced cost of the overall systems, decreased energy usage and enhanced communication during emergency situations. Honeywell’s EBI integrates life safety solutions with other building management systems that help the user to not only maintain more cost-effective control over their facilities but also respond faster and more effectively to emergencies.
Segmentation by sensor type and analysis of the residential smoke detectors market in the US
- Photoelectric
- Ionization
- Dual sensors
In this market research, analysts have estimated the photoelectric smoke detector segment to account for more than 58% of the total market share by 2020. The decreasing application of ionization smoke detectors due to its inability to detect life-threatening fires will result in the augmented adoption of photoelectric smoke detectors.
Segmentation by power source and analysis of the residential smoke detectors market in the US
- Battery powered
- Hardwiring with backup batteries
- Hardwiring without backup batteries
Technavio’s market research analyst has estimated the battery powered smoke detectors segment to be the largest market segment during the forecast period. This market segment currently dominates the market for residential smoke detectors in the US and is envisaged to retain its dominating hold over the market until 2020 owing to the high current replacement demand. By 2020, this market segment will account for an impressive market share of more than 59%.
Competitive landscape and key vendors
The residential smoke detectors market in the US competitive as the vendors strive to provide high-quality products with additional features to the end users. The rapidly changing technological environment will negatively affect the vendors’ growth potential as customers expect continual innovations and upgrades. The present market scenario is forcing vendors to alter and refine their unique value proposition to achieve a strong market presence.
Leading vendors analyzed are -
- BRK
- Honeywell
- Kidde
- Siemens
Other prominent vendors in this market are System Sensors, USI Electric/Universal, Mircom, Hochiki America, Apollo Fire Detectors, Xtralis, and Gentek.
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 residential smoke detectors market in the US?
- What are the key market trends impacting the growth of the residential smoke detectors market in the US?
- What are the challenges to market growth?
- Who are the key vendors in the residential smoke detectors market in the US?
- What are the market opportunities and threats faced by the vendors in the residential smoke detectors market in the US?
- Trending factors influencing the market shares of the US.
- What are the key outcomes of the five forces analysis of the residential smoke detectors market in the US?
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Table of Contents
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
PART 06: Statistics
- Fire death rate in US
- Fire spread in residential buildings
- Market size and forecast
- Five forces analysis
PART 07: Market segmentation by product type
- Residential smoke detector market in US by sensor type
- Residential smoke detector market in US by ionization
- Residential smoke detector market in US by photoelectric
- Residential smoke detector market in US by dual sensors
- Residential smoke detector market in US by others
PART 08: Segmentation by power source
- Residential smoke detector market in US by power source
- Residential smoke detector market in US by battery-powered devices
- Residential smoke detector market in US by hardwiring (electricity) with back-up batteries
- Residential smoke detector market in US by hardwiring (electricity) without back-up batteries
PART 09: Segmentation by type of residential building
- Residential smoke detector market in US by type of residential building
- Residential smoke detector market in US by single family houses
- Residential smoke detector market in US by mutli-family houses
PART 10: Key leading states
PART 11: Market drivers
- Rise in residential construction in US
- Growing replacement demand
- Government support
PART 12: Impact of drivers
PART 13: Market challenges
- Disposal of smoke detectors
- Late or no set-off of smoke detectors
- Intense market competition
- Increase in price wars among existing vendors
PART 14: Impact of drivers and challenges
PART 15: Market trends
- Integration of smoke detectors with building systems
- Advances in technology
- Growing application of smart smoke detectors
- Increased use of multi-criteria smoke detectors
- Retrofitting existing smoke detectors
- High sensitivity smoke detection
- Integration of IoT with smoke detection systems
PART 16: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 17: Key vendor analysis
- BRK
- Honeywell
- Kidde
- Siemens
PART 18: Appendix
- List of abbreviations
PART 19: Explore Technavio
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
- 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
DATA 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
REPORT 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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Key Questions Answered
- 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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