The global smoke
detectors market is foreseen to grow by 9.4%, from USD 1.99 Billion in 2021 to
USD 4.08 Billion in 2029. Rising initiatives and support for smoke detectors
from government bodies, increased fire-related expenditure of various
enterprises and rise in deaths & loss of properties, advantages of the
technological innovations in the smoke detector is to drive the market for the
upcoming forecast period. However, high replacing costs associated with
replacing traditional smoke detectors with smart smoke detectors remains one
factor hindering the market growth over the anticipated period.
Market Definition
What Is Smoke Detectors?
A smoke detector is an electronic fire protection
equipment that detects smoke on its own, a vital sign of a fire, and emits a
warning sound to the residents of the building.
Market Overview
The
smoke detectors market search study helps to thoroughly understand the
current trend in the market competitive analysis of the players in the emerging
market. Moreover, the DRO in the Smoke detectors market offers valuable
perspicuity and a current scenario for making the right decision. The research
study covers the eminent players in the market with a detailed analysis of the
company and a financial overview containing their net sales, business mix and
geographical reach It mainly focuses on the key developments of the products/services
offered by the company in recent years. Besides, we at Zettabyte have the
expertise to analyses the global smoke detectors market player's competitive
landscape helping the client comprehend their specific strategic growth
approaches.
Smoke detectors
market study by "Zettabyte Analytics" offers details about the market
scope, market segmentation, technological advancement in the smoke detectors
market and highlights the optimistic, competitive landscape and trends enduring
over the years.
Major players in
the Smoke detectors market include Abb, Adt Inc., Analog Devices, Inc., Apollo
Fire Detectors, Brk Brands, Inc., Carrier Global Corporation, Ceasefire
Industries Pvt. Ltd., Emerson Electric Co., Fike Corporation, Gentex
Corporation, Hekatron Vertriebs Gmbh, Hochiki Corporation, Honeywell
International, Inc., Johnson Controls International Plc., Mircom Group Of
Companies, Napco Security Technologies, Nest Labs (Google Nest), Netatmo,
Protec Fire & Security Group Ltd., Robert Bosch Gmbh, Schneider Electric,
Secom Co., Ltd., Securiton Ag, Siemens Ag, Universal Security Instruments, Inc.
COVID-19 Impact on Global Smoke
Detectors Market
The global impact
of COVID-19 has lost millions of lives with a massive cost to the healthcare
system. Moreover, the treatment cost for patients with COVID-19 has also had a
financial impact globally. the impact of COVID-19 on the Smoke detectors market
has forced the companies to change their sourcing, pricing, and promotion
strategies. the smoke detectors market players are seen focusing more on
optimizing the e-commerce networks with the rising innovations in the digital
sector, which are creating new business models for the semiconductor & electronics
industry player.
Research Scope
The report
provides market value for the base year 2021 and a yearly forecast from 2022 to
2029 in revenue (USD Million/ Billion). the market for each segment is present
in North America, Europe, Asia Pacific, Latin America, Middle East &
Africa, and the regional basis for the forecast mentioned above.
Key industry
dynamics, regulatory scenarios, major material dynamics and smoke detectors
market future markets are analyzed to understand their impact on demand for the
forecast period. growth rates have been estimated using correlation, regression
and time-series analysis.
Market Segmentation
For the purpose
of this report, the global Smoke detectors market segmented on the basis of power
source, product type, service type, distribution channel, end-use, and region:
Power Source Outlook:
On the basis of
power source, the market is segmented into battery-powered, hardwired with
battery backup, hardwired without battery backup.
Product Type Outlook:
On the basis of
product type, the market is segmented into photoelectric smoke detectors,
ionization smoke detectors, dual-sensor smoke detectors, beam smoke detectors,
other types.
Service Type Outlook:
On the basis of
service type, the market is segmented into engineering services, installation
& design services, maintenance services, managed services, other services.
Figure 1 Smoke Detectors Market By Service
Type (Market Size And Forecast By Value - USD Million, 2021 & 2029)