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.
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.
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.
- 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:
- Optical Sensor Smoke Detector
- Photoelectric Smoke Detector
- Dual Sensor Smoke Detector
By End-user Industry
- Oil, gas, and mining
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
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