The global smoke detector market size is expected to reach
USD 3.01 billion by 2025, according to a new report by Grand View Research,
Inc. It is anticipated to register a CAGR of 8.8% during the forecast period.
Increasing sustainable development in the infrastructure sector coupled with
stringent government policies and regulations are projected to surge the
application smoke and fire detection devices.
Favorable initiatives and policies framed by
the government bodies are anticipated to drive the market growth. Governments
from some developed countries offer monetary support for the installation of
smoke detectors in residences. These initiatives help increase awareness among
customers regarding the importance of smoke and fire detection devices, which
in turn is expected to surge the market growth. For instance, the U.S. government
have extended support by granting USD 110,000 to the Fire Department of Berrien
Springs - Oronoko Township - to increase awareness regarding smoke detectors.
This initiative also promotes benefits associated with the product. These
measures will boost the scope of application and market growth over the
forecast period.
North America held the largest market share of
31.68% in 2018. Major manufacturers are adopting strategies such as mergers and
acquisitions, new product launches, and awareness campaigns. For instance, in
June 2018, Kidde launched an awareness creating campaign 'Beat the Beep'. This
campaign is important to educate the residents of California regarding the
importance of smoke detectors and identifying the situation when a Carbon
Monoxide (CO) alarm or smoke alarm needs to be replaced.
Major manufacturers are Kidde; Honeywell
International Inc.; Johnson Controls; BRK Brands, Inc.; Siemens AG; Birdi;
Hochiki Corporation; Huawei Technologies Co., Ltd.; Xtralis Pty Ltd.; and
Robert Bosch LLC. Increasing awareness regarding fire safety in commercial as
well as residential buildings is fueling the product demand for the product
over the forecast period. The market is competitive in nature owing to the
increasing product innovation and R&D activities by the market leaders.
For full research report on Smoke
Detector Market visit here: https://www.grandviewresearch.com/industry-analysis/smoke-detector-market
Further key
findings from the report suggest:
- In terms of revenue, dual sensor technology is
projected to ascend at a CAGR of 9.3% over the forecast years
- Industrial end use led the global smoke
detectors market with an overall volume share of over 41.66% in 2018
- North America held the leading market share of
31.68% in 2018. It is anticipated to continue the dominance over the
forecast period
- Key players includes Kidde; Honeywell
International Inc.; Johnson Controls; BRK Brands, Inc.; Siemens AG; Birdi;
Hochiki Corporation; Huawei Technologies Co., Ltd.; Xtralis Pty Ltd.; and
Robert Bosch LLC
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/smoke-detector-market/request/rs1
Grand
View Research has segmented the global smoke detector market on the basis of
technology, end use, and region:
Smoke
Detector Technology Outlook (Revenue, USD Million, 2015 - 2025)
- Photoelectric
- Dual Sensors
- Ionization
Smoke
Detector End Use Outlook (Revenue, USD Million, 2015 - 2025)
- Commercial
- Industrial
- Residential
Smoke
Detector Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Central & South
America
- Middle East &
Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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