According to a report, “Smoke Detector Market Size, Share & Trends Analysis Report By Technology (Photoelectric, Dual sensors, Ionization), By End Use (Commercial, Industrial, Residential), And Segment Forecasts, 2019 – 2025”, the rising awareness for fire safety in commercial and construction sector is expected to propel the market growth in the coming years.
Favorable government initiatives coupled with the stringent regulations has surged the usage of fire protection equipment in construction industry. These initiative increased the market scope of the safety equipment. The market is full of opportunities for the new technology and technology innovation owing to the mandatory inclusion of fire safety device across the industrial, commercial, and residential sectors coupled with the presence of various ongoing projects across the globe.
The technological innovations in the construction industry coupled with the successive development of infrastructure in various developed and developing countries such as U.S., U.K., Germany, China, and India has surged the demand for the smoke and fire detection devices. Inclusion of these safety equipment has improved the safety quotient in infrastructure. Furthermore, with technological advancements, photoelectric and dual sensors devices has improved the response time of the system as well as with the help of latest technology it has effectively reduced the frequency of false alarms. Increasing stringency of regulations regarding fire safety are projected to positively influence the market growth.
Smoke Detector Market Report Highlights:
In terms of revenue, dual sensor technology is projected to ascend at a CAGR of 9.3% over the forecast years
Industrial end use led the global smoke detectors market with an overall volume share of over 41.66% in the past few years
North America held the leading market share of 31.68% in the past years. It is anticipated to continue the dominance during the forecast periodss
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Grand View Research has segmented the global smoke detector market on the basis of technology, end use, and region:
Smoke Detector Technology Outlook (Revenue, USD Million, 2015 – 2025)
Smoke Detector End Use Outlook (Revenue, USD Million, 2015 – 2025)
Smoke Detector Regional Outlook (Revenue, USD Million, 2015 – 2025)
Central & South America
Middle East & Africa
List of Key Players for Smoke Detector Market:
Honeywell International Inc.
BRK Brands, Inc.
Huawei Technologies Co., Ltd.;
Xtralis Pty Ltd.;
Robert Bosch LLC
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