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Smoke Detector Market by Product (Ionization, Photoelectric, Dual Sensor and Others), by End-user Industry (Commercial, Manufacturing, Telecommunication, Residential, Automotive, Oil & Gas, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Pages: 130
Jul 2017 | 3015 Views
 
Author's : Ashmita Ray
Tables: 0
Charts: 47
 

Smoke Detector Market Overview:

Smoke Detector Market is a sensing device used for combating fire by signaling out indications of smoke incidences. They are installed in residential & commercial sectors and transmit a signal to the fire alarm control panel, whereas household smoke detectors send out visual or audible alarms. Smoke can be detected either optically (photoelectric method) or physically (ionization method). These detectors are used in entertainment malls, auditoriums, corporate buildings, residential buildings, and other public places. The wireless and the carbon monoxide are the two types of smoke detectors that are linked to specific alert mechanism, such as vibrating pillow pads, remote warning handsets. These detectors use an optical sensor that signals the fire alarm panel through fire alarm sounds or flash lights.

The demand for the global smoke detectors market is expected to grow with the increase in infrastructural development, such as hotels, residential & corporate buildings, educational institutions, entertainment buildings, and other commercial buildings, owing to the ability to provide fire protection. Moreover, increase in number of fire accidents contributes to the growth of the global smoke detectors industry during the forecast period. In addition, growing industries such as food & beverage, industrial & automotive, and electronic are expected to fuel the global smoke detectors market due to wide range of applications across these industries. However, the complications associated with installation of smoke detectors is expected to restrain the growth of the global smoke detectors market.

The key players operating in the global smoke detectors market are, Hochiki Corporation, Honeywell International, United Technologies Corporation, Siemens AG, Johnson Control, Robert Bosch, Schneider Electric, SECOM CO., LTD, Protec Fire Detection Plc, Ceasefire Industries Pvt. Ltd. and Nest labs.

The smoke detector market is segmented on the basis of product, end-user industry, and geography. On the basis of product, it is classified into ionization smoke detectors, photoelectric smoke detector, dual sensor smoke detector and others. Based on the end-user industry, it is divided into commercial, manufacturing, telecommunication, residential, automotive, oil & gas, and others. Geographically, the global smoke detectors market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.

Smoke Detector Market

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Asia-Pacific is estimated to register the highest growth in the global smoke detectors market

during the forecast period, owing to the increase in infrastructural investment and rapid urbanization. The growth in number of commercial buildings, healthcare centers, educational institutions, and commercial buildings is expected to drive the global smoke detectors industry.

Top Impacting Factors

Increase in Infrastructural Investments

The rise in number of constructions initiate the increase in concern for fire safety measures, thereby boosting the demand for global smoke detectors industry. For instance, Qatar invested in UK infrastructure, which is expected to be the major driving factor for the growth of global smoke detectors market.

Growth in Industrialization

Rapid industrialization across all regions is expected to boost the global smoke detectors industry. Growth in industries, such as automotive, electronics, industrial, food & beverage, oil & energy, and others, drive the requirement for smoke detector installations to avoid fire mishaps, reduce the risk of property loss, eliminate the mission interruption loss, and ensure workers safety. This scenario is expected to significantly fuel the growth the smoke detectors market.

Smoke Detector Market Growth in industrialization

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Rapid Population Growth & Urbanization

The population growth globally is attributed to increase in urbanization, acceleration in migration, and change in fertility rates. Thus, increase in urbanization results into rise in construction projects in residential sector, thereby supporting the demand for the smoke detectors as a means for safety.

Complications of Smoke Detectors

Smoke detectors are not designed to function in places of extreme heat or cold, dust, and in places where smoke is usually detected to avoid unnecessary detection. Places such as attics, garages, and areas near kitchen cause temperature fluctuations and release of smoke from engine fuel and kitchen appliances, which results into unnecessary alarms. Thus, the restrictions to install smoke detectors in aforementioned areas are expected to restrain the growth of the global smoke detectors market.

Key Benefits

  • The study provides an in-depth analysis of the global smoke detectors market and current & future trends to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the market is provided.
  • Porters Five Forces analysis illustrates the potency of buyers & suppliers operating in the industry.
  • The quantitative analysis of the global smoke detectors market from 2017 to 2023 is provided to determine the market potential.

Smoke Detector Market Key Segments:

By Product

  • Optical Sensor Smoke Detector
  • Photoelectric Smoke Detector
  • Dual Sensor Smoke Detector
  • Others

By End-user Industry

  • Commercial
  • Manufacturing
  • Telecommunication
  • Residential
  • Oil, gas, and mining
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • Ceasefire Industries Pvt. Ltd
  • Hochiki Corporation
  • Honeywell International
  • Johnson Control
  • Nest labs
  • Protec Fire Detection Plc
  • Robert Bosch
  • SECOM CO., LTD
  • Schneider Electric
  • Siemens AG
  • United Technologies Corporation
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitution
3.3.4. Threat of new entrants
3.3.5. Competitive rivalry

3.4. MARKET PLAYER POSITIONING
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Increasing commercial infrastructural investments
3.5.1.2. Rapid industrializations
3.5.1.3. Increasing population and rapid urbanization
3.5.1.1. Increasing government regulations

3.5.2. Restraints

3.5.2.1. Complications associated with the installations

Chapter: 4 GLOBAL SMOKE DETECTORS MARKET, BY PRODUCT TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. OPTICAL SENSOR SMOKE DETECTOR

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. PHOTOELECTRIC SMOKE DETECTOR

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. DUAL SENSOR SMOKE DETECTOR

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

Chapter: 5 GLOBAL SMOKE DETECTORS MARKET, BY END-USER INDUSTRY

5.1. OVERVIEW

5.1.1. Market Size and Forecast

5.2. COMMERCIAL

5.2.1. Key Market Trends
5.2.2. Key Growth factors and Opportunities
5.2.3. Market Size and Forecast

5.3. MANUFACTURING

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

5.4. TELELCOMMUNICATION

5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast

5.5. RESIDENTIAL

5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast

5.6. OIL, GAS & MINING

5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast

5.7. OTHERS

5.7.1. Key market trends
5.7.2. Key growth factors and opportunities
5.7.3. Market size and forecast

Chapter: 6 SMOKE DETECTORS MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast by Product Type
6.2.4. Market size and forecast by End-User Industry
6.2.5. Market size and forecast by Country

6.2.5.1. U.S.
6.2.5.2. Canada
6.2.5.3. Mexico

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast by Product Type
6.3.1. Market size and forecast by End-User Industry
6.3.2. Market size and forecast by Country

6.3.2.1. Germany
6.3.2.2. France
6.3.2.3. UK
6.3.2.4. Italy
6.3.2.5. Spain
6.3.2.6. Rest of Europe

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast by Product Type
6.4.4. Market size and forecast by End-User Industry
6.4.5. Market size and forecast by Country

6.4.5.1. India
6.4.5.2. China
6.4.5.3. Japan
6.4.5.4. Rest of Asia-Pacific

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Market size and forecast by Product Type
6.5.3. Market size and forecast by End-User Industry
6.5.4. Market size and forecast by Country

6.5.4.1. Latin America
6.5.4.2. Middle East
6.5.4.3. Africa

Chapter: 7 COMPANY PROFILES

7.1. CEASEFIRE INDUSTRIES PVT. LTD.

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.1.5. Key strategic moves and developments

7.2. HOCHIKI CORPORATION

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.2.5. Key strategic moves and developments

7.3. HONEYWELL INTERNATIONAL

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.3.5. Key strategic moves and developments

7.4. JOHNSON CONTROL

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.4.5. Key strategic moves and developments

7.5. NEST LABS

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Business performance
7.5.5. Key strategic moves and developments

7.6. PROTEC FIRE DETECTION PLC

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments

7.7. ROBERT BOSCH

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Business performance
7.7.5. Key strategic moves and developments

7.8. SECOM CO. LTD.

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.8.5. Key strategic moves and developments

7.9. SCHNEIDER ELECTRIC

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.9.5. Key strategic moves and developments

7.10. SIEMENS AG

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Business performance
7.10.5. Key strategic moves and developments

7.11. UNITED TECHNOLOGIES CORPORATION

7.11.1. Company overview
7.11.2. Company snapshot
7.11.3. Operating business segments
7.11.4. Business performance
7.11.5. Key strategic moves and developments

LIST OF TABLES

TABLE 1. GLOBAL SMOKE DETECTORS MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 2. SMOKE DETECTORS MARKET REVENUE FROM OPTICAL SENSOR SMOKE DETECTOR, BY REGION, 2016-2023 ($MILLION)
TABLE 3. SMOKE DETECTORS MARKET REVENUE FROM PHOTOELECTRIC SMOKE DETECTOR, BY REGION, 2016-2023 ($MILLION)
TABLE 4. SMOKE DETECTORS MARKET REVENUE FROM DUAL SENSOR SMOKE DETECTORS, BY REGION, 2016-2023 ($MILLION)
TABLE 5. GLOBAL SMOKE DETECTORS MARKET REVENUE, BY END-USER INDUSTRY, 2016-2023 ($MILLION)
TABLE 6. SMOKE DETECTORS MARKET REVENUE FROM COMMERCIAL, BY REGION, 2016-2023 ($MILLION)
TABLE 7. SMOKE DETECTORS MARKET REVENUE FROM MANUFACTURING, BY REGION, 2016-2023 ($MILLION)
TABLE 8. SMOKE DETECTORS MARKET REVENUE FROM TELELCOMMUNICATION, BY REGION, 2016-2023 ($MILLION)
TABLE 9. SMOKE DETECTORS MARKET REVENUE FROM RESIDENTIAL, BY REGION, 2016-2023 ($MILLION)
TABLE 10. SMOKE DETECTORS MARKET REVENUE FROM OIL, GAS & MINING, BY REGION, 2016-2023 ($MILLION)
TABLE 11. SMOKE DETECTORS MARKET REVENUE FROM OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 12. SMOKE DETECTORS MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 13. NORTH AMERICA SMOKE DETECTORS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 14. NORTH AMERICA SMOKE DETECTORS MARKET, BY END-USER INDUSTRY, 2016-2023 ($MILLION)
TABLE 15. U.S. SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 16. CANADA SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 17. MEXICO SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 18. EUROPE SMOKE DETECTORS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 19. EUROPE SMOKE DETECTORS MARKET, BY END-USER INDUSTRY, 2016-2023 ($MILLION)
TABLE 20. GERMANY SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 21. FRANCE SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 22. UK SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 23. ITALY SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 24. SPAIN SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 25. REST OF EUROPE SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 26. ASIA-PACIFIC SMOKE DETECTORS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 27. ASIA-PACIFIC SMOKE DETECTORS MARKET, BY END-USER INDUSTRY, 2016-2023 ($MILLION)
TABLE 28. INDIA SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 29. CHINA SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 30. JAPAN SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 31. REST OF ASIA-PACIFIC SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 32. LAMEA SMOKE DETECTORS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 33. LAMEA SMOKE DETECTORS MARKET, BY END-USER INDUSTRY, 2016-2023 ($MILLION)
TABLE 34. LATIN AMERICA SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 35. MIDDLE EAST SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 36. AFRICA SMOKE DETECTORS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 37. CEASEFIRE INDUSTRIES PVT. LTD.: COMPANY SNAPSHOT
TABLE 38. CEASEFIRE INDUSTRIES PVT. LTD.: OPERATING SEGMENTS
TABLE 39. HOCHIKI CORPORATION: COMPANY SNAPSHOT
TABLE 40. HOCHIKI CORPORATION: OPERATING SEGMENTS
TABLE 41. HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
TABLE 42. HONEYWELL INTERNATIONAL: OPERATING SEGMENTS
TABLE 43. JOHNSON CONTROL: COMPANY SNAPSHOT
TABLE 44. JOHNSON CONTROL: OPERATING SEGMENTS
TABLE 45. NEST LABS: COMPANY SNAPSHOT
TABLE 46. NEST LABS: OPERATING SEGMENTS
TABLE 47. PROTEC FIRE DETECTION PLC: COMPANY SNAPSHOT
TABLE 48. PROTEC FIRE DETECTION PLC: OPERATING SEGMENTS
TABLE 49. ROBERT BOSCH: COMPANY SNAPSHOT
TABLE 50. ROBERT BOSCH: OPERATING SEGMENTS
TABLE 51. SECOM CO. LTD.: COMPANY SNAPSHOT
TABLE 52. SECOM CO. LTD: OPERATING SEGMENTS
TABLE 53. SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 54. SCHNEIDER ELECTRIC: OPERATING SEGMENTS
TABLE 55. SIEMENS AG.: COMPANY SNAPSHOT
TABLE 56. SIEMENS AG INC.: OPERATING SEGMENTS
TABLE 57. UNITED TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 58. UNITED TECHNOLOGIES CORPORATION: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION OF THE GLOBAL SMOKE DETECTORS MARKET
FIGURE 2. EXECUTIVE SUMMARY OF THE GLOBAL SMOKE DETECTORS MARKET
FIGURE 3. TOP IMPACTING FACTORS
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. TOP INVESTMENT POCKETS
FIGURE 6. PORTERS FIVE FORCES
FIGURE 7. MARKET PLAYER POSITIONING, 2015
FIGURE 8. SMOKE DETECTORS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 9. SMOKE DETECTORS MARKET, BY END-USER INDUSTRY, 2016-2023 ($MILLION)
FIGURE 10. SMOKE DETECTORS MARKET SHARE & GROWTH RATE, BY REGION, 2016(%)
FIGURE 11. NORTH AMERICA SMOKE DETECTORS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 12. EUROPE SMOKE DETECTORS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 13. ASIA-PACIFIC SMOKE DETECTORS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 14. LAMEA SMOKE DETECTORS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 15. CEASEFIRE INDUSTRIES PVT. LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 16. CEASEFIRE INDUSTRIES PVT. LTD.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 17. CEASEFIRE INDUSTRIES PVT. LTD.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 18. HOCHIKI CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 19. HOCHIKI CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 20. HOCHIKI CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 21. HONEYWELL INTERNATIONAL: REVENUE, 2014-2016 ($MILLION)
FIGURE 22. HONEYWELL INTERNATIONAL: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 23. HONEYWELL INTERNATIONAL: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 24. JOHNSON CONTROL: REVENUE, 2014-2016 ($MILLION)
FIGURE 25. JOHNSON CONTROL: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 26. JOHNSON CONTROL: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 27. NEST LABS: REVENUE, 2014-2016 ($MILLION)
FIGURE 28. NEST LABS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 29. NEST LABS: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 30. PROTEC FIRE DETECTION PLC: REVENUE, 2014-2016 ($MILLION)
FIGURE 31. PROTEC FIRE DETECTION PLC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 32. PROTEC FIRE DETECTION PLC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 33. ROBERT BOSCH: REVENUE, 2014-2016 ($MILLION)
FIGURE 34. ROBERT BOSCH: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 35. ROBERT BOSCH: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 36. SECOM CO. LTD: REVENUE, 2014-2016 ($MILLION)
FIGURE 37. SECOM CO. LTD: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 38. SECOM CO. LTD: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 39. SCHNEIDER ELECTRIC: REVENUE, 2014-2016 ($MILLION)
FIGURE 40. SCHNEIDER ELECTRIC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 41. SCHNEIDER ELECTRIC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 42. SIEMENS AG: REVENUE, 2014-2016 ($MILLION)
FIGURE 43. SIEMENS AG: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 44. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 45. UNITED TECHNOLOGIES CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 46. UNITED TECHNOLOGIES CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 47. UNITED TECHNOLOGIES CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)

 

Smoke detectors have a significant role in early detection of fire in buildings. They have a significant application both in residential and non-residential sectors. Among the various types of smoke detectors, dual sensor smoke detectors are expected to register the highest growth during the forecast period, owing to its ability to detect smoldering fire in commercial sectors. The global smoke detectors market is expected to witness an escalating demand during the forecast period. This scenario is attributed to the increasing rate of population and urbanization along with the growing development of residential and non-residential sectors.

North America accounted for the maximum share of 36% in the global smoke detectors market in 2016, owing to the widespread use of smoke detectors in the U.S. across all commercial & residential buildings. This region is expected to remain dominant, thereby accounting for a market share of 34.9% in 2023, owing to the stringent government rules mandating the use of fire detectors in all residential buildings and across various commercial and industrial buildings.

Applications of smoke detectors in the residential and commercial sectors are expected to witness a significant growth during the forecast period, wherein the residential sector is estimated to exhibit the highest growth during the forecast period. The residential sector is anticipated to register a CAGR of 10.1%, and the commercial sector is expected to witness a market share of 12.8% by2023.

 

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