Share on

Smoke Detector Market by Power Source (Battery Powered, Hardwired with Battery Backup, Hardwired Without Battery Backup), Product (Photoelectric, Ionization, Dual Sensor, & Other Detector), End-User (Residential, Commercial, Oil & Gas, Mining, Transportation and Logistics, Telecommunications, Manufacturing and Others), Service (Engineering, Installation and Design Service, Maintenance Service and Management Service), and Region - Forecasts to 2027

Published: January, 2022
ID: 9268
Pages: 175
Formats: report pdf report excel report power bi report ppt

Smoke Detector Market Size & Growth (2022 - 2027):

The Smoke Detector Market size was worth US$ 1.31 billion in 2021, and it is estimated to reach a value of US$ 2.52 billion by the end of 2026, expanding at an annual compound rate of above 9% between 2021 and 2026.

Smoke detectors consist of an interconnected system with sensors. The sensor detects smoke and the system sends a signal to the fire alarm. Therefore, smoke detectors are not independent devices, but a combination of sensors and alarm systems. They function as interconnected systems that can be monitored remotely according to the requirements of different applications. Smoke detectors find a wide range of applications installed in homes and commercial buildings for the safety of people and employers against fire. Due to the failure of conventional sensors to detect smoke and false alarm communications, manufacturers in the global smoke detector market are developing efficient and reliable designs.

Recent Developments:

  • In May 2018, Schneider Electric partnered with the investment company Temasek Holdings to enter into an agreement to acquire the electricity and automation business of Larsen & Toubro Limited.
  • In April 2019, Siemens Smart Infrastructure launched a new ceiling and wall alarm. This portfolio includes acoustic and optical alarms according to European standards EN 54-3 / EN 54-23 and EN 54-17.
  • In March 2017, Honeywell International launched a wireless smoke and carbon monoxide detector for two people with a central station monitoring system.
  • In September 2018, Honeywell International launched VESDA-E advanced intelligent smoke detection technology with the NOTIFIER and Gamewell-FCI commercial building fire systems.

Smoke Detector Market Growth:

As consumers adopt a combined technique, the demand for smart smoke detectors is increasing, which will drive demand further in the future.

Smoke Detector Market Drivers:

Raising awareness about fire safety in buildings is one of the keys to the growth of the global smoke detector market. In addition, as sustainable development in the construction industry increases, the demand for smoke detectors increases. These crucial factors are expected to accelerate the growth of technology. Favorable government initiatives, combined with strict regulations, have increased the use of fire protection equipment in the construction industry. These initiatives have expanded the security equipment market. The market is full of opportunities for new technologies and technological innovations due to the mandatory inclusion of fire safety devices in the industrial, commercial and residential sectors and the presence of several ongoing projects worldwide. 

The global smoke detector market is likely to grow significantly due to the frequency of accidental fires in commercial and residential areas. Residential buildings and industrial facilities are susceptible to damage by small explosions. This factor is supposed to promote the adoption of smoke and fire detection devices as essential safety equipment in the construction industry. The modern commercial and residential infrastructure includes several layers of compact structure, which increases the need to install fire and smoke safety devices. In the infrastructure sector, these increasing safety measures are foreseen to fuel the demand for smoke detectors.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

9%

Segments Covered

Depending on the power, By Product, By service, By end-user

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Hochiki Corporation, Ceasefire Industries Pvt. Ltd., Honeywell International, Protec Fire Detection Plc, Johnson Control Nest labs, Robert Bosch, Schneider Electric, Siemens AG, SECOM Co., Ltd. and United Technologies Corporation.

Smoke Detector Market Restraints:

One of the main factors that are anticipated to slow the growth of the market is the high initial installation costs. Besides, the cost of replacing a conventional detection system with a modern detection system is highly expensive.

Smoke Detector Market Segmentation:

Depending on the power, the global smoke detector market has been segmented as battery-powered, hardwired with a backup battery, hardwired without a backup battery. The battery-powered smoke detector held the most substantial portion of this business.

By product: the global smoke detector market has been categorized into a photoelectric smoke detector, ionized smoke detector, dual sensor smoke detector, etc. The demand for photoelectric smoke detectors was the largest during the review period.

By service: the global smoke detector market was classified in engineering, installation and design service, maintenance service, and management service. The demand for maintenance services was the largest in previous years.

By end-user: the global smoke detector market has been categorized into residential, commercial, oil, gas and mining, transportation and logistics, telecommunications, manufacturing, and other sectors. Among these, the commercial segment held the dominant position in the worldwide marketplace, which is likely to extend in the coming years.

Regional Analysis:

The global smoke detector market is geographically divided into North America, South America, Asia Pacific, and other countries. One of the main factors that drive the growth of the world market worldwide is the increase in fire accidents. 

North America smoke detectors market accounted for the largest chunk of the global business. The demand for smoke detectors in this area is mainly due to the increase in the number of fire deaths, especially in the residential sector as there is an increase in residential construction in major states such as Texas, Florida, and California. An increase in government regulations to protect building occupants from fire outbreaks by installing smoke detectors is leading the market in this region. Asia-Pacific smoke detectors market, with countries, such as India and China, will expand in the future with the increasing awareness in people and vast untapped industry options.

Leading Company:

The new Edwards multiple reference smoke detector with UL 268, 7th edition, UL standard certification for fire alarm systems applied by the manufacturer.

Key Players:

The main players in the global smoke detector market are Hochiki Corporation, Ceasefire Industries Pvt. Ltd., Honeywell International, Protec Fire Detection Plc, Johnson Control Nest labs, Robert Bosch, Schneider Electric, Siemens AG, SECOM Co., Ltd. and United Technologies Corporation

Please wait. . . . Your request is being processed

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: sales@marketdataforecast.com

Click for Request Sample