Global Smoke Detectors Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

11 Oct, 2021

The smoke detectors market consists of sales of smoke detectors and related services used for raising alerts by detecting smoke usually associated with fire. Smoke detectors use sensors that detects smoke and raise an audible and/or visual alarm as a warning signal to alert the occupant of fire. Smoke detectors usually only contain smoke sensor. Smoke detectors use batteries or electric power. These systems are being employed in many commercial, industrial, and residential buildings.

Global Smoke Detectors Market Size And Drivers:

The global smoke detectors market is expected to grow from $1.68 billion in 2020 to $1.87 billion in 2021 at a compound annual growth rate (CAGR) of 11.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.57 billion in 2025 at a CAGR of 8%. The increased number of fire incidents in commercial as well as in residential places is driving the growth of smoke detectors market.

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Trends In The Global Smoke Detectors Market

The use of Internet of Things (IoT) in smoke detectors is one of the trends in the smoke detectors market. The smoke detectors using IoT alerts the user of all possible hazards on their mobile devices at all times from anywhere even if they are away from their property. IoT smoke detectors can work efficiently even in buildings with bad network coverage in basements and corners. The smoke detectors using IoT can report on an ongoing fire in real time. For instance, Huawei Technologies Co., Ltd., a Chinese multinational technology company, launched its plug-and-use NB-IoT smoke detectors with high power efficiency that can run from three to five years on batteries with less than 3000 mAh capacity.

Global Smoke Detectors Market Segments:
The global smoke detectors market is further segmented –
By Product: Photoelectric Smoke Detector, Ionization Smoke Detector, Dual Sensor Smoke Detector, Others
By Power Source: Battery Powered, Hardwired With Battery Backup, Hardwired Without Battery Backup
By End User: Residential, Commercial, Oil, Gas & Mining, Transportation & Logistics, Telecommunications Manufacturing, Others
By Geography: The global smoke detectors market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Smoke Detectors Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides smoke detectors market overviews, analyzes and forecasts market size and growth for the global smoke detectors market, smoke detectors market share, smoke detectors market players, smoke detectors market segments and geographies, smoke detectors market’s leading competitors’ revenues, profiles and market shares. The smoke detectors market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.