Global Smoke Detector Market Was Worth USD 1.80 billion in 2020, and It Is Projected to Grow to USD 2.90 Billion by 2026, at a CAGR of 8.3% Over The Forecast Period 2021-2026

Smoke Alarm (Smoke Detector): Introduction

Smoke detectors are built to detect fires at their inception or stage of flame. They are able to detect a fire based on the type, density and amount of smoke that is produced when fires occur.

The market is growing in recognition due to the growing awareness of consumers of security. In addition, strict government standards for residential, commercial, and industrial construction make it imperative for builders to ensure that their projects comply with safety and fire regulations, thereby accelerating the Smoke Detector Market growth.

Key Benefits for Stakeholders:

This report has qualitative and quantitative analysis data of the global market, and it is based on segmentation involving economic and non-economic factors.

It provides the competitive landscape and includes major players' market ranking, new service or product launches, business expansion, partnership, and acquisitions in the last five years of the company’s profile. 

It highlights the region and segment which is forecasted to witness rapid growth and to dominate the market.

Market dynamics, along with the growth opportunities of the market over the coming years.

A comprehensive company profiles that includes company overviews, company insights, product benchmarking, as well as SWOT analysis for major market key players.

The Global Smoke Alarm (Smoke Detector) Market Forecast: 

The Smoke Detector Market was valued at USD 1.80 billion in 2020. It is projected to be USD 2.90 billion in 2026. This is an average CAGR of 8.3% for the forecast period 2021 to 2026.

The Global Smoke Alarm (Smoke Detector) Market Overview: 

The latest technology of IoT-enabled smart smoke detection aids customers in avoiding false alarms and provide enhanced security by utilizing sophisticated risk monitoring and immediate response in case of danger. Users can shut off the alarm using the IoT connected devices in the event of false alarms. Additionally, the IoT enabled system informs the user of the requirement to replace or replace batteries, as well as other wearables. Additionally, the integration with smartphones will propel the market for smoke detectors in the coming years.

Smoke detectors are essential to detect early fires in commercial, residential as well as industrial areas around the globe. When a fire breaks out, the deadly gases and smoke are more likely to spread quicker than heat, resulting in deaths due to inhalation of gas and smoke. The growing demand for the commercial realty industry as well as the IT industry to protect important assets of high value such as manufacturing facilities, data centres and powerhouses, as well as buildings and IT infrastructures, is increasing the demand for fire protection equipment.

The introduction of safety standards for residential drives the marketplace. Concerns about safety from the fire have led to guidelines to be established through US Fire Administration (USFA). Smoke detectors should be put in every bedroom, outside of each sleeping space, as well as on each floor of the house, including the basement. There is also a carbon monoxide detector is required on each level and inside every sleeping space. Photoelectric detectors are most often employed in homes since they are quick to spot the smell of smoke from furniture and fabrics that are burning.

There are a few issues to be aware of when installing smoke detectors, such as mounting the detectors on surfaces which is significantly warmer or cooler than the room, for instance, an outside ceiling or wall with inadequate insulation. This is a major issue in the marketplace.

Market Trend and Dynamics of the Global Smoke Alarm (Smoke Detector) Market:

MARKET TRENDS

The increasing popularity of the use of smartphones has altered the range of traditional products. Technologies like Artificial Intelligence (AI), robotic process automation (RPA), Machine Learning (ML), Internet of Things (IoT) etc. Integrated with smoke detectors offer advanced security solutions. They provide advanced risk monitoring, assisting users to avoid false alarms and assist in the necessary actions to be taken in emergency circumstances. In addition, IoT-based smoke detectors signal the user for the need for batteries replacement and regular maintenance. Additionally, the construction of smart cities, as well as industrial automation, are causing a possible impact on market trends in the field of Smoke detectors.

MARKET DRIVERS

The increasing number of fire-related accidents in a variety of settings is an important concern for government agencies. Based on the National Fire Protection Association (NFPA), which is based within The United States, the report on fire losses says that home fires decreased by 51%, from 734,000 in 1980 to 363,000 in the year 2018.

One of the major causes of this is the necessity of incorporating of fire safety systems. In addition, various other standards on different applications are driving demand for the market.

For example, it is the case that the National Fire Alarm and Signaling Code and NFPA 72 were recently mandated for residential properties with a floor larger than 1000 square feet.

MARKET RESTRAINTS

The capacity that a smoke detector can provide sensing fire is limited to a particular distance. In the case of fire starts within the 1st floor in the structure, the detectors will not be able to detect to the 2nd floor of the building.

This can increase the volume of flames from the fire which can cause accidents. This is why it is recommended to install detectors on all levels of the buildings, which results in greater costs.

In the same way, these detectors often might not detect emergence of a fire on the opposite side of the door. In such instances, detectors must be installed at both ends of the doors.

The Key Market Segmentation of the Global Smoke Alarm (Smoke Detector) Market: 

Global Smoke Alarm (Smoke Detector) Market can be divided into Product Type, Technology Types, Installation Types, End-User Industry, and Geographical landscapes, etc. 

Smoke Alarm (Smoke Detector) Market Segmentation By Product Type:

Ionization Smoke Detectors

Photoelectric Smoke Detectors

Dual Sensor Smoke Detectors

Others

Smoke Alarm (Smoke Detector) Market Segmentation By Technology Type:

Ionization Smoke Detection Device

Photoelectric Smoke Detection Device

Beam Smoke Detection Device

Smoke Alarm (Smoke Detector) Market Segmentation By Installation Type:

Hardwired Smoke Detectors

Battery-operated Smoke Detectors

Smoke Alarm (Smoke Detector) Market Segmentation By End-User Industry:

Commercial

Residential

Transportation & Logistics

Oil & Gas

Other End-user Industries

Smoke Alarm (Smoke Detector) Market Segmentation By Geographical Landscape:

North America

Europe

Asia Pacific

South America

Middle East and Africa

Major Key Players in the Global Smoke Alarm (Smoke Detector) Market Are:

• Johnson Controls
• United Technology Corporation
• Hochiki Corp.
• Honeywell International Inc.
• Siemens
• Nest
• Robert Bosch
• Schneider Electric
• Huawei
• ABB