Smoke Alarm industry 2021-2027
New Study Reports ” Smoke Alarm industry 2021, Global Industry Segmentation, Demand, Growth, Strategies, Trend, Opportunity Forecasts 2027” has been Added on MarketResearchFuture.
Report Overview
Smoke Alarm industry is expected to grow from USD 804.08 million in 2017 to USD 2.90 million by 2026, at a compound annual growth rate (CAGR) of 8.53% during the forecast period.
The report published on the Smoke Alarm industry is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2021 to 2027 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of the Smoke Alarm industry along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
Rise in government initiatives regarding fire safety awareness and technological advancements in smoke alarms are the key drivers for the Smoke Alarm industry.
The global Smoke Alarm industry has been witnessing a steady rise over the past few years. The market growth attributes to stringent government regulations to minimize rising fire death rates due to inhalation of toxic smoke. About eighty percent of fire deaths happen due to inhalation of toxic smoke. Smoke detectors sense smoke early and warn occupants with a loud siren to save them from being intoxicated by smoke.
The Smoke Alarm industry is projected to witness increasing traction worldwide in the years to come. According to Market Research Future (MRFR), the global Smoke Alarm industry is expected to garner exponential revenues by 2027, registering a staggering CAGR throughout the forecast period (2020-2027). Besides, the range of benefits that fire alarms offer, such as précised smoke detection and easy installation, boosts market share.
Additional factors bolstering the Smoke Alarm industry include the widespread awareness about safety and the rising use of fire detection systems across end-use industries. Conversely, the lack of awareness about the benefits of these systems is a major factor impeding market growth. Nevertheless, rising government funding for free distribution and incentives to motivate manufacturers would support the market growth throughout the assessment period.
Key Players
The report has profiled some of the Important players prevalent in the global like – Johnson Controls Inc (US), Protec Fire Detection PLC (UK), Schneider Electric (France), Robert Bosch GmbH (Germany), United Technologies Corporation (US), Nest Labs (US), Siemens AG (Germany), Legrand (France), Newell Brands (US), and Halma Plc (UK). The major players constantly focus on growth strategies such as strategic partnerships, mergers, acquisitions, and product launch to enhance their product offerings and expand their market reach. The other prominent players in the in the Smoke Alarm industry are Hochiki Corporation (Japan), Honeywell International (US), Secom Co., Ltd (Japan), Minimax Viking GmbH (Germany), Gentex (US), Schrack Seconet AG (Austria), NEC Corporation (Japan), and Ceasefire Industries Pvt. Ltd. (India) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smoke Alarm.
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Global Smoke Alarm industry – Segmentations
The smoke alarm (smoke detector) market is segmented into sensor technology, power backup, end-users, and others.
The sensor technology segment is sub-segmented into ionization smoke alarms, photoelectric smoke alarms, combination/dual sensor smoke alarms, and others.
The power backup segment is sub-segmented into battery-powered, hardwired & hardwired with battery backup, and others.
The end-user segment is sub-segmented into residential, academia & institutional, retail, healthcare, hospitality (hotel/leisure), BFSI, transportation & logistics, manufacturing, and others.
The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.
Smoke Alarm industry –Geographical Analysis
North America dominates the global Smoke Alarm industry. The largest market share attributes to the stringent government mandates about smoke alarm installation in residential and commercial space. Besides, the sustainable and well-established economy in the region allows increasing demand for smoke detectors. The strong presence of leading industry players in the region further drives the Smoke Alarm industry growth.
The Smoke Alarm industry in the Asia Pacific region accounts for the second-largest market globally. The growing demand from the consumer goods manufacturing sectors alongside the expanding production capacities in the region fosters the market’s growth. Additionally, ongoing infrastructure development projects, the rapid pace of urbanization, and the rise in residential and commercial spaces push the Smoke Alarm industry.
The European Smoke Alarm industry accounts for a promising share globally. The extensive demand for smoke detection technologies from various well-established industries such as automotive and construction influences the regional market share. The rapid consumption in developed end-user industries and innovations fire detection technologies fosters the Smoke Alarm industry growth.
Key Stakeholders
Smoke Alarm industry Manufacturers
Smoke Alarm industry Distributors/Traders/Wholesalers
Smoke Alarm industry Subcomponent Manufacturers
Industry Association
Downstream Vendors
Industry/Innovation/Related News:
Apr 15, 2021 —- Xiaomi launched a smoke detector with five years of battery life, increasing its smart home product line. The new Xiaomi smoke detector is jointly developed by Xiaomi and Honeywell. It is presently available on sale via the Youpin platform.
Mar 02, 2021 —- X-Sense, a leading global home safety brand, launched a new Smart Smoke Detector – XS01-WT. This new smart device is a Wi-Fi-connected smoke alarm powered by X-Sense’s proprietary technology and innovations. The XS01-WT smoke detectors are the best smart home tech that looks identical to the interconnected model XS01-WR, but it adds a key feature that major alarm lacks.
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Complete Report Details@ https://www.marketresearchfuture.com/reports/smoke-alarm-market-7478
1 Executive Summary
1.1 Market Attractiveness Analysis
1.2 Global Smoke Alarm industry, By Sensor Technology
1.3 Global Smoke Alarm industry, By Power Backup
1.4 Global Smoke Alarm industry, By End-User
1.5 Global Smoke Alarm industry, By Region
….
12 Company Profiles
12.1 Johnson Controls Inc.
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Product Offerings
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.1.6 Key Strategy
12.2 Protec Fire Detection PLC
12.2.1 Company Overview
12.2.2 Financial Overview
12.2.3 Product Offerings
12.2.4 Key Developments
12.2.5 SWOT Analysis
12.2.6 Key Strategy
12.3 Schneider Electric
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Product Offerings
12.3.4 Key Developments
12.3.5 SWOT Analysis
12.3.6 Key Strategy
12.4 Robert Bosch GmbH
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Product Offerings
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategy
And more
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