Smoke Detector Market Size, Share & Growth | Forecast [2031]
Smoke Detector Market Size, Share & Growth | Forecast [2031]
Segments - Smoke Detector Market by Technology (Photoelectric, Dual Sensors, and Ionization), End-users (Commercial, Industrial, and Residential), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Trends, Share, Size, and Forecast 2023 – 2031
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| Report ID :CG-423
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| 176 Pages
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Report Description
The Global Smoke Detector Market size was valued at USD 2.01 Billion in 2022 and is expected to surpass USD 3.31 Billion by 2031, expanding at a CAGR of 5.7% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing awareness related to fire safety of buildings as well as wide adoption of the devices in commercial space including malls and construction units.
Several favorable government initiatives combined with the strict regulations for safety of workers and employees have pushed to the wide usage of fire protection equipment in the construction industry. The mandatory inclusion of fire safety device across the commercial, industrial, and residential sectors combined with the occurrence of several ongoing construction projects across the globe are key driving factors for the market expansion.
Rapid growth of the construction industry to enhance the infrastructure development of numerous developed and emerging countries such as the U.S., the U.K., China, Germany, and India have boosted the demand for the smoke detectors. Moreover, with technological developments, several advanced features such as photoelectric and dual sensors are equipped in new devices to improve the response time of the system.
The popularity of smoke detector market is growing rapidly due to rising occurrence of accidental fire in the commercial and residential places. To safeguard the residential buildings and commercial setups from accidental fire, the devices are extensively used. Furthermore, the modern smoke detection system are coming up with innovative solutions to make them less expensive and easy to install.
Market Trends, Drivers, Restraints, and Opportunities
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Rising frequency of accidental fire in commercial and residential spaces is expected to fuel the market growth.
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Growing advancement in the construction sector and rising demand for infrastructure development especially in developing nations are projected to boost the demand for smoke detectors.
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Stringent government regulations for the implementation and mandate of fire safety measures across industries is predicted to propel market growth during the forecast period.
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High cost for initial installation of the device and its maintenance cost is a main restraining factor expected to hamper the market growth.
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Technological advancement that leads to the production of innovative devices with advanced features such as superior suppression system on detecting smoke or spread of fire in the premises. This is estimated to present numerous opportunities for the market expansion.
Scope of Smoke Detector Market Report
The report on the global smoke detector market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in this report.
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Attributes |
Details |
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Report Title |
Smoke Detector Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Technology (Photoelectric, Dual Sensors, and Ionization) and End-users (Commercial, Industrial, and Residential) |
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Regional Scope |
Asia Pacific, Europe, North America, Latin America, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Growth Factors, Competitive Landscape, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Huawei Technologies Co., Ltd.; Xtralis Pty Ltd.; Kidde; BRK Brands, Inc.; Siemens AG; Birdi; Honeywell International Inc.; Johnson Controls; Hochiki Corporation; and Robert Bosch LLC. |
Global Smoke Detector Market Segment Insights
Dual sensors segment is expected to exhibit substantial growth
Based on technology, the market is segmented into photoelectric, dual sensors, and ionization. The dual sensors segment is likely to witness a robust CAGR of 9.2% during the forecast period, 2021 to 2028. The popularity of these dual sensor detectors are rising significantly due to several advantages over photoelectric and ionization technologies.
The dual sensor technology offers effective service and provides both types of solutions to evade any type of fire accidents. Growing production of new and innovative product types of dual sensors due to technology advancement is a key aspect for the segment growth. For instance, Honeywell International Inc. introduced its first dual sensor detector, especially for the use of residential units.
It is professionally monitored and installed wireless devices that effectively detected the release of carbon monoxide (CO) and smoke. The introduction of innovative products and technological advancement are projected to fuel the market growth. However, the photoelectric segment is expected to constitute a large market share in the coming years owing to its effective detection of large smoke particles.
Residential is holding a key market share
On the basis of end-users, the market is classified as commercial, industrial, and residential. The residential segment is expected to record a significant CAGR of 8.9% during the forecast period, 2021 to 2028. Growing number of the global population and their rising demand for residential space are the key factors boosting the segment growth due to the wide adoption of fire safety devices in residential buildings.
Moreover, strict government regulations across the globe to mandatory inclusion of smoke and fire protection equipment in residential houses is another main driving factor for the segment. According to the India brand equity foundation (IBEF), India, the real estate industry of the country is predicted to reach at a valuation of USD 1 billion by 2030 from USD 120 million in 2017.
The significant expansion in urbanization especially in developing countries is likely to propel the residential fire and smoke safety equipment market. According to a report published by the United Nations, around 4 million people or about 54% of the world population were living in urban areas in 2014 and the number is projected to increase to 6 million people that is around 66% of the world population by 2050. The other main factors contributing to the segment expansion include favorable government initiatives, increasing adoption of smart home, policies, and technical advancements in smart home security.
Asia Pacific emerges as a fast-growing region
In terms of regions, the global smoke detector market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America held a major market share of more than 23% in 2020 and is expected to reach USD 1 billion by 2028. The regional market growth can be attributed to several governments’ initiatives and regulations ensuring mandatory installation of smoke detectors across various spaces particularly in residential places.
As per a report of the National Fire Protection Association (NFPA), U.S., almost three out of every five house fire in the country are caused in those houses that has no smoke alarms (40%) or no working smoke alarms (17%). Meanwhile, the market in Asia Pacific is anticipated to be a fast-growing market owing to its rising population, booming of the real estate, and increasing government investment for infrastructural development in the region.
Segments
The global smoke detector market has been segmented in terms of
Products
- Photoelectric
- Dual Sensors
- Ionization
End-users
- Commercial
- Industrial
- Residential
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Huawei Technologies Co., Ltd.
- Xtralis Pty Ltd.
- Kidde
- BRK Brands, Inc.
- Siemens AG
- Birdi
- Honeywell International Inc.
- Johnson Controls
- Hochiki Corporation
- Robert Bosch LLC.
Competitive Landscape
Some major manufacturers competing in the global smoke detector market include Huawei Technologies Co., Ltd.; Xtralis Pty Ltd.; Kidde; BRK Brands, Inc.; Siemens AG; Birdi; Honeywell International Inc.; Johnson Controls; Hochiki Corporation; and Robert Bosch LLC.
These manufacturers are implementing numerous strategic steps such as mergers, acquisitions, capacity expansions, and technical innovations to expand their geographical reach, particularly in emerging countries to acquire maximum consumer base. Formation of R&D centers combined with strategic partnerships with investment companies to bring new advanced technologies and innovative products play a critical role for expansion of the business operations. For instance, Melrose Domino’s, NFPA, and Stoneham Fire Department have entered into a partnership to create awareness about the need for fire protection devices and promote safety.
Recently, Schneider Electric came into partnership with Temasek Holdings, an investment company and signed an agreement to gain the electrical and automation business of Larsen & Toubro Limited. This deal was a major step forward to combine Larsen & Toubro’s low voltage & industrial automation technology to enhance its business operation in India.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Smoke Detector Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smoke Detector Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smoke Detector Market - Supply Chain
4.5. Global Smoke Detector Market Forecast
4.5.1. Smoke Detector Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smoke Detector Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Smoke Detector Market Absolute $ Opportunity
5. Global Smoke Detector Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Smoke Detector Market Size and Volume Forecast by End Users
5.3.1. Commercial
5.3.2. Industrial
5.3.3. Residential
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Smoke Detector Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Smoke Detector Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Smoke Detector Demand Share Forecast, 2019-2026
7. North America Smoke Detector Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Smoke Detector Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Smoke Detector Market Size and Volume Forecast by End Users
7.4.1. Commercial
7.4.2. Industrial
7.4.3. Residential
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Smoke Detector Demand Share Forecast, 2019-2026
8. Latin America Smoke Detector Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Smoke Detector Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Smoke Detector Market Size and Volume Forecast by End Users
8.4.1. Commercial
8.4.2. Industrial
8.4.3. Residential
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Smoke Detector Demand Share Forecast, 2019-2026
9. Europe Smoke Detector Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Smoke Detector Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Smoke Detector Market Size and Volume Forecast by End Users
9.4.1. Commercial
9.4.2. Industrial
9.4.3. Residential
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Smoke Detector Demand Share Forecast, 2019-2026
10. Asia Pacific Smoke Detector Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Smoke Detector Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Smoke Detector Market Size and Volume Forecast by End Users
10.4.1. Commercial
10.4.2. Industrial
10.4.3. Residential
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Smoke Detector Demand Share Forecast, 2019-2026
11. Middle East & Africa Smoke Detector Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Smoke Detector Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Smoke Detector Market Size and Volume Forecast by End Users
11.4.1. Commercial
11.4.2. Industrial
11.4.3. Residential
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Smoke Detector Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Smoke Detector Market: Market Share Analysis
12.2. Smoke Detector Distributors and Customers
12.3. Smoke Detector Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Huawei Technologies Co. Ltd.
12.4.2. Xtralis Pty Ltd.
12.4.3. Kidde
12.4.4. BRK Brands, Inc.
12.4.5. Siemens AG
12.4.6. Birdi
12.4.7. Honeywell International Inc.
12.4.8. Johnson Controls
12.4.9. Hochiki Corporation
12.4.10. Robert Bosch LLC
12.4.11.
12.4.12.
Methodology
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