"Catapult Your Business to Fore, Gain Competitive Advantage "
The global Smoke Detector Market size stood at USD 1,904.4 million in 2018 and is projected to reach USD 3,380.8 million by 2026, exhibiting a CAGR of 7.5% during the forecast period.
Smoke detectors are designed to identify a fire while in its smoldering or inception flame stages. These detectors are able to sense the fire based on the type, density, and volume of smoke produced during fire accidents. This market is gaining recognition with the increasing consumer awareness for security. Also, stringent government standards imposed on commercial, residential, and industrial constructions are compelling construction vendors to align the projects with fire and safety norms, thus further propelling the Smoke Detector Market growth. In addition to this, widening smart city projects, emergent technology in detectors, and increasing research & development spending by key players are fueling the progress of the market. For instance, in July 2018, a European company, Hochiki Europe, introduced FIREscape+, an innovative system integrated with multi-functionalities including fire detection and emergency lighting.
Request a Free sample to learn more about this report.
Integration of Advanced Technologies in Smoke Detectors to Contribute to Market Growth
The growing trend of smart devices has transformed the traditional range of products. Technologies including Artificial Intelligence (AI), robotic process automation (RPA), Machine Learning (ML), Internet of Things (IoT), etc. integrated with smoke detectors have enhanced security solutions systems. They offer advanced risk monitoring, help customers to prevent false alarms, and allow taking necessary action in critical situations. Also, IoT-based smoke detectors notify the user for regular maintenance and need for replacement of existing accessories or batteries. Moreover, construction of smart cities and industrial automation are creating a potential impact on the market trends for the Smoke Detector.
Imposition of Stringent Government Norms to Trigger the Market
Rising count of fire accidents across various settings is becoming a major concern for governmental bodies. According to the National Fire Protection Association (NFPA) based in United States, the fire loss reports states that the home fires fell by 51%, from 734,000 in 1980 to 363,000, in 2018. One of the main reasons for this fall is the mandatory inclusion of fire safety systems. Furthermore, some other standards held on various applications are the driving the market demand. For instance, the National Fire Alarm and Signaling Code and NFPA 72 were recently mandated for residential spaces having a floor size greater than 1,000 square feet.
Range Limits of Smoke Detectors to Inhibit Market Growth
The capability of a smoke detector in sensing a fire is limited to a specific distance. For instance, if the fire develops on the first floor of the building, the detectors may not alert the second floor of the building. This may increase the density of the fire flames, resulting in accidents. This leads to installing these detectors at every level of building, resulting in higher expenditures. Similarly, these detectors sometimes may not sense a fire developing on the other side of the closed door. In such cases, detectors have to be placed on the both sides of the door.
To know how our report can help streamline your business, Speak to Analyst
Photoelectric Segment to Show Higher Growth Rate in the Coming Years
On the basis of technology type, the market is divided into photoelectric, dual sensor, ionization, and others.
The photoelectric segment is expected to grow at a higher rate in the forecast period owing to its characteristics of sudden sensing and responds an average of 15 to 50 minutes faster to fires in their early smoldering stage. Also, it quickens the triggering of the alarm once the smoke enters the detector chambers. Furthermore, government initiatives to invest in infrastructure development are further expected to flourish this Market.
Ionization and dual sensor segments are expected to grow at a considerable rate in the coming years owing to their easy functionalities, capability of early detecting fire fumes, etc. Also, manufacturers are focusing on upgrading the existing fire protection technologies and introducing dual sensor smoke detectors.
Residential Segment to Grow Significantly in the Forecast Period
Based on application, the market is further segregated into commercial, industrial, and residential.
The residential segment is expected to grow significantly in the future owing to the increasing number of accidents occurring at residential places, rising urbanization, and increasing population. Moreover, smoke detector vendors are focusing on introducing products explicitly for residential applications. For instance, in March 2017, Honeywell International Inc. came up with dual sensor detector for residential application, which is monitored professionally and integrated wireless combination carbon monoxide (CO).
Commercial and industrial segments are anticipated to exhibit a considerable growth rate in the coming years with rising smart city projects, growing trends of smart factories, and Industry 4.0 and industrial automation. Also, increasing Foreign Direct Investment (FDI) is also propelling commercial projects and further fueling the market revenue.
North America Smoke Detector Market, 2018 (USD Million)
To get more information on the regional analysis of this market, Request a Free sample
Geographically, the global Smoke Detector Market is segmented across five major regions, namely North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. They are further categorized into countries.
North America market generated the highest revenue in 2018 owing to government initiatives to allocate funds for developing new and existing infrastructure projects, growing awareness about fire safety and protection, and presence of major manufacturers operating in the United States and Canada. Furthermore, during these five years (2013-2017), US fire department estimated an average of 354,400 home structure fires per year. In order to reduce the accidents, US government is formulating stringent norms and regulations, further strengthening the region’s hold on the market share.
Asia-Pacific is expected to grow significantly in the coming years owing to the presence of registered and unregistered Chinese local players operating in the market. Also, growing number of industrial hubs and commercials projects including hotels, malls, office buildings, etc. are the developments which are complementing the growth of this market.
Europe, Middle East and Africa, and Latin America are anticipated to flourish at a considerable rate as a result of rising urbanization and growing infrastructure development. Moreover, countries such as Kuwait and Bahrain, where the oil & gas sector is growing rapidly, is creating a potential for growth for this market. In addition to this, major manufacturers are focusing on expanding their businesses in the developing economies to gain a competitive edge and increase their customer base.
Key Players to Focus on Collaborating with Other Competitors to Expand Global Footprint
Vendors are emphasizing on acquiring others players to strengthen their market position across developed and developing economies. For instance, In May 2017, DEF Network integrated with Detectomat GmbH specifically to book significant presence in Germany and the European fire protection systems market.
Smoke Detector Manufacturers are Introducing Technologically Advanced Products to Gain Competitive Edge in the Market
Furthermore, key suppliers are focusing on upgrading their existing fire protection systems to align them with the needs of the consumers and a competitive edge in the dynamic environment. For instance, In April 2019, ABB launched a smoke detector with smoke, heat, and carbon monoxide (CO) detecting capability for industrial and residential applications.
The report provides detailed information regarding various insights of the industry. Some of them are growth drivers, restraints, competitive landscape, regional
An Infographic Representation of Smoke Detector Market
To get information on various segments, share your queries with us
Smoke Detector Market analysis, and challenges. It further offers an analytical depiction of the trends and estimations to illustrate the forthcoming investment pockets. The market is quantitatively analyzed from 2019 to 2026 to provide financial competency. The information gathered in the report has been taken from several primary and secondary sources.
Value (USD million)
By Technology Type
As per Fortune Business Insights, the market was worth USD 1,904.4 million in 2018.
The market is expected to reach USD 3,380.8 million in the future.
The market is projected to grow at a CAGR of 7.5% during the forecast period (2019-2026).
Residential application segment is expected to lead the market
Emergence of advanced technologies integrated in the detectors is the key factor driving the market.
Johnson Controls, Hochiki Corp., and Siemens are the top companies in the market.
Asia-Pacific is expected to hold the highest CAGR in the market.
The ionization type holds the major market share.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry