Smoke Detector Market Size, Share, Statistics and Industry Growth Analysis Report by Power Source (Battery-Powered, Hardwired with battery backup, Hardwired without battery backup), Type (Photoelectric Smoke Detectors, Ionization Smoke Detectors), Service, Distribution Channel - Global Forecast to 2027
Updated on : October 22, 2024
The Smoke Detector Market is poised for significant growth, fueled by an increasing demand for enhanced safety measures in residential, commercial, and industrial settings. As awareness of fire hazards rises and regulatory requirements become more stringent, the adoption of smoke detectors is accelerating. Key trends in the market include the integration of smart technology, enabling features such as mobile alerts and connectivity with other home automation systems, which enhance user convenience and safety. Additionally, advancements in sensor technology, such as photoelectric and dual-sensor detectors, are improving detection accuracy and reducing false alarms. Looking to the future, the smoke detector market is expected to continue expanding, driven by innovations in technology, increasing safety regulations, and the growing trend of smart homes. As consumers prioritize safety and convenience, the evolution of smoke detection solutions will play a critical role in protecting lives and property.
Smoke Detector Market Size
The Smoke Detector Market Report Share is expected to reach USD 3.4 billion by 2027, growing at a CAGR of 8.2% during the forecast period.
The rising government initiatives for the installation of smoke detectors across commercial and residential spaces as well as the increasing technological advancement in the smoke detectors are the major factors driving the growth of the smoke detectors industry.
Moreover, increasing demand of smart smoke detectors is also expected to drive the growth of the market in the near future.
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Smoke Detectors Market Trends & Dynamics
DRIVERS: Rising initiatives and support for smoke detector from government bodies
Smoke detectors play a vital role in the safety and security of spaces such as industrial spaces, public places, residential buildings, and commercial spaces. Installation of smoke detectors in such places helps to avoid casualties and deaths occurring due to fire incidences. To prevent such fatal accidents, various countries' governments have enforced strict laws and regulations for fire and safety purposes. The Queensland Government (an Australian Government body) has enforced a law describing the installation of the interconnected photoelectric smoke detectors compliant with the Australian Standard 3786-2014 (AS 3786-2014) at each house in the country. The smoke detector must be hardwired or battery-powered, and the detector must be in the operating stage when tested.
RESTRAINT: High replacing cost associated with replacing traditional smoke detectors with smart smoke detectors
Traditional smoke detectors which have already been installed on the home premises have limitations. Replacing them with the new smart smoke detectors can be costly. The high cost associated with replacing existing traditional smoke detectors with smart detectors is one of the major constraints for consumers. The cost of installing a smoke detector varies according to the type and smoke detector being used. But on average, installing two smoke detectors in a home would cost around USD 110 and may also cost higher. Additionally, the government encourages the installation of new interconnected smart smoke detectors in various countries, increasing the number of smart detectors at home. This restricts the customers from installing or replacing traditional smoke detectors with the new smart smoke detectors.
OPPORTUNITIES: Smart smoke detectors to capture the market in coming years
With the rapid development of smoke detector technology and the IoT and big data technologies, the concept of smart smoke detectors has come to the market, leading to the expansion of the smoke detectors market. Smart smoke detectors are programmable and can be easily connected to Wi-Fi networks in homes and commercial spaces. These detectors have features such as smoke detection alerts, easy control through mobile devices, and facilitate easy monitoring of the battery status. These devices can send notifications or fire alerts through text messages or email and facilitate color-coded alerts in case hard of hearing people are using the detectors. Smart smoke detectors are also capable of self-monitoring.
CHALLENGES: Difficulties in disposing of smoke detectors
The two types of smoke detectors are ionization and photoelectric detectors. The smoke detector must be disposed of properly and safely. The photoelectric smoke detector has a battery installed, which can be removed easily, and the detector can be disposed of in a trash can. Photoelectric-type smoke detectors do not contain any radioactive material. However, ionization smoke detectors contain radioactive material known as Americium 241, a radioactive isotope. When the detector is in use, the material is covered in a metal sheet, causing no harm, but if dismantled, the radioactive element can be exposed and can cause harm to the surroundings. The amount of radioactive material in ionization smoke detectors is so small that it does not risk human health.
Battery-powered were the most extensively used smoke detector in the market
The battery-powered segment holds the largest share of the smoke detectors market in 2021 and is expected to hold significant share during the forecast period. The battery-powered photoelectric smoke detectors are highly adopted owing to their ability to detect smoldering fires occurring in residential spaces. These detectors are easy to install and have a long life. Besides, battery-powered smoke detectors are easy to install and requires maintenance services. These detectors are unaffected when there is a power outages, hence are highly adopted.
Photoelectric smoke detectors to hold the largest share of smoke detector market
The market for the photoelectric smoke detectors held the largest share in 2021 and is estimated to remain the same during the forecast period. Most residential fires are caused due to devices of electricity origin. Such fires produce more smoke in their initial phase before flashing over to the smoldering stage. Photoelectric smoke detectors are the most-effective detectors in detecting such smoldering fires. Therefore, they are widely adopted by residential end-users. These detectors are also widely adopted by commercial end-users.
Maintenance services hold the largest share
Commercial buildings of retail centers, banks, insurance companies, financial institutions, and other buildings require routine servicing and maintenance of smoke detectors. Smoke detectors require regular maintenance services to check whether the battery requires a replacement. Replacement of batteries results in efficient operating of smoke detectors. As a result, the maintenance services segment is expected to grow in the coming years. Various factors, such as dust and dirt build-up on smoke detectors, tampering, and improper installation of these systems, can hamper the effectiveness of a smoke detector, which can increase the risk of hazardous fires. Hence, timely servicing and maintenance of smoke detectors are needed to ensure their appropriate functioning during an emergency.
Residential end-use industry to hold significant growth rate during the forecast period
Installation of smoke detectors in residential buildings has become common, as these systems are effective in detecting, containing, and extinguishing fire in its early stage. In developed countries, such as the US, Canada, and Japan, government authorities have amended their standard building codes and norms to install residential smoke detection systems, thereby contributing to market growth. Photoelectric and dual-sensor smoke detectors are heavily installed in residential buildings.
Europe is expected to be the leading region in the smoke detectors market during the forecast period
Europe is expected to hold the largest rate of the global smoke detectors market growth during the forecast period. One of the major factors driving the growth of the smoke detectors market in the region is the rising government initiatives for the installation of smoke detectors in the commercial, residential, and industrial applications. The government has mandated the installation of smoke detectors in order to protect occupants and reduce the deaths count due to fire accidents. Besides, the UK significantly contributes to the growth of the smoke detectors market in Europe. Buildings in the UK must follow building regulations 2010 to ensure safety for building occupants. This results into higher installation of smoke detectors in the building which is responsible for the growth of the market.
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Key Market Players
The Smoke Detector Companies is dominated by a few globally established players such as Carrier Global Corporation (US), Honeywell International Inc. (US), HOCHIKI Corporation (Japan), Johnson Controls International plc. (US), and Siemens AG (Germany).
Smoke Detectors Market Report Scope :
|
Report Metric |
Details |
| Estimated Market Size | USD 2.3 Billion |
| Projected Market Size | USD 3.4 Billion |
| Growth Rate | CAGR of 8.2% |
|
Market size available for years |
2021–2027 |
|
On Demand Data Available |
2030 |
|
Report Coverage |
|
|
Segments covered |
|
|
Geographies covered |
|
|
Companies covered |
|
| Key Market Driver | Rising initiatives and support for smoke detectors from government bodies |
| Largest Growing Region | Europe |
| Largest Market Share Segment | Battery-powered Segment |
This research report segments the Smoke Detector Market Size based on power source, type, service, distribution channel, end-use industry, and region.
Based on Power Source, the Smoke Detector Market been Segmented as follows:
- Battery-powered
- Hardwired with battery backup
- Hardwired without battery backup
Based on Type, the Smoke Detector Market been Segmented as follows:
- Photoelectric Smoke Detectors
- Ionization Smoke Detectors
- Dual-Sensor Smoke Detectors
- Beam Smoke Detectors
- Other Types
Based on Service, the Smoke Detector Market been Segmented as follows:
- Engineering Services
- Installation & Design Services
- Maintenance Services
- Managed Services
- Other Services
Based on Distribution Channel, the Smoke Detector Market been Segmented as follows:
- Online
- Offline
Based on End-Use Industry, the Smoke Detector Market been Segmented as follows:
- Commercial
- Residential
- Manufacturing
- Oil, Gas, & Mining
- Transportation & Logistics
- Telecommunications
- Other End-Use Industries
Based on Region, the Smoke Detector Market been Segmented as follows:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Recent Developments
- In April 2021, Siemens AG’s Smart Infrastructure segment expands its offering for the small to medium-sized buildings market by launching the new version of the fire protection system, Cerberus FIT.
- In March 2021, Johnson launched their first microprocessor-based conventional fire detector 700 series, which can monitor and react rapidly to building fire conditions precisely.
- In August 2019., Honeywell International, Inc. launched its VESDA-E VES aspirating smoke detectors. As part of the VESDA-E line of advanced smoke detection technology, VESDA-E VES aspirating smoke detectors allow users to divide protected areas into four distinct sectors to help ensure early detection and warning of a potential threat.
Frequently Asked Questions (FAQ):
What is the total CAGR expected to be recorded for the smoke detector market during 2022-2027?
The global smoke detectors market is expected to record a CAGR of 8.2% from 2022–2027.
Does this report include the impact of COVID-19 on the smoke detectors?
Yes, the report includes the impact of COVID-19 on the smoke detectors market. It illustrates the post- COVID-19 market scenario.
What are the driving factors for the smoke detectors?
Rising initiatives and support for smoke detectors from government bodies, increased fire-related expenditure of various enterprises and rise in deaths & loss of properties, advantages of technological innovations in the smoke detector
Which are the significant players operating in the smoke detector market?
Carrier Global Corporation (US), Honeywell International Inc. (US), HOCHIKI Corporation (Japan), Johnson Controls International plc. (US), and Siemens AG (Germany) are some of the major companies operating in the smoke detectors market.
Which region will lead the smoke detectors market in the future?
Europe is expected to lead the smoke detectors market during the forecast period. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 28)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 SMOKE DETECTORS MARKET: SEGMENTATION
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 34)
2.1 RESEARCH DATA
FIGURE 2 SMOKE DETECTORS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY-SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES OF SMOKE DETECTORS MARKET SIZE
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market size by bottom-up analysis (demand side)
FIGURE 4 MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for capturing market size by using top-down analysis (supply side)
FIGURE 5 MARKET: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RISK ASSESSMENT
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY (Page No. - 46)
FIGURE 7 COVID-19 IMPACT ANALYSIS ON THE SMOKE DETECTORS MARKET
3.1 REALISTIC SCENARIO
3.2 OPTIMISTIC SCENARIO
3.3 PESSIMISTIC SCENARIO
FIGURE 8 PHOTOELECTRIC SMOKE DETECTORS EXPECTED TO DOMINATE MARKET IN 2022
FIGURE 9 BATTERY-POWERED SEGMENT EXPECTED TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
FIGURE 10 MAINTENANCE SERVICES SEGMENT EXPECTED TO GROW AT HIGHEST CAGR FROM 2022 TO 2027
FIGURE 11 RESIDENTIAL SEGMENT EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 12 EUROPEAN MARKET EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 51)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR THE SMOKE DETECTORS MARKET
FIGURE 13 GROWING INITIATIVES AND SUPPORT FROM VARIOUS GOVERNMENT BODIES EXPECTED TO DRIVE MARKET GROWTH
4.2 SMOKE DETECTORS MARKET, BY TYPE
FIGURE 14 PHOTOELECTRIC SMOKE DETECTORS SEGMENT EXPECTED TO ACCOUNT FOR LARGEST SHARE IN 2022
4.3 SMOKE DETECTORS MARKET, BY POWER SOURCE
FIGURE 15 HARDWIRED WITH BATTERY BACKUP SEGMENT EXPECTED TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD
4.4 SMOKE DETECTORS MARKET, BY SERVICE
FIGURE 16 MAINTENANCE SERVICES SEGMENT EXPECTED TO DOMINATE MARKET IN 2022
4.5 SMOKE DETECTORS MARKET, BY END-USE INDUSTRY
FIGURE 17 COMMERCIAL SEGMENT EXPECTED TO DOMINATE BY 2027
4.6 SMOKE DETECTORS MARKET, BY REGION
FIGURE 18 NORTH AMERICA EXPECTED TO ACCOUNT FOR LARGEST MARKET SIZE BY 2027
5 MARKET OVERVIEW (Page No. - 54)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 GLOBAL SMOKE DETECTORS MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising initiatives and support for smoke detectors from government bodies
5.2.1.2 Increased fire-related expenditure of various enterprises and rise in deaths & loss of properties
5.2.1.3 Advantages of the technological innovations in the smoke detector
FIGURE 20 IMPACT OF DRIVERS ON THE MARKET
5.2.2 RESTRAINTS
5.2.2.1 High replacing costs associated with replacing traditional smoke detectors with smart smoke detectors
FIGURE 21 IMPACT OF RESTRAINTS ON MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Smart smoke detectors to capture the market in coming years
5.2.3.2 Increasing installation of smoke detectors in buses, coaches, and specialty vehicles
FIGURE 22 IMPACT OF OPPORTUNITIES ON THE MARKET
5.2.4 CHALLENGES
5.2.4.1 Difficulties in disposing of smoke detectors
FIGURE 23 IMPACT OF CHALLENGES ON THE MARKET
5.3 VALUE CHAIN ANALYSIS
FIGURE 24 SMOKE DETECTORS: VALUE CHAIN
5.4 ECOSYSTEM
FIGURE 25 GLOBAL SMOKE DETECTORS MARKET: ECOSYSTEM
TABLE 2 MARKET: ECOSYSTEM
5.5 PRICING ANALYSIS
5.5.1 AVERAGE SELLING PRICES OF KEY PLAYERS, BY TYPE
FIGURE 26 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TYPE
TABLE 3 AVERAGE SELLING PRICES OF KEY PLAYERS, BY SMOKE DETECTORS TYPE (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
FIGURE 27 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.7 TECHNOLOGY ANALYSIS
5.7.1 IOT-ENABLED SMOKE DETECTOR SYSTEMS
5.7.2 AI-BASED SMOKE DETECTION
5.7.3 ML-EMBEDDED SMOKE DETECTORS
5.7.4 MULTI-CRITERIA SMOKE DETECTORS
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 PORTER’S FIVE FORCE ANALYSIS WITH THEIR IMPACT (2021)
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS & BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 28 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
TABLE 5 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%)
5.9.2 BUYING CRITERIA
FIGURE 29 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
TABLE 6 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
5.10 CASE STUDY ANALYSIS
5.10.1 ROBERT BOSCH GMBH DELIVERS SAFETY AND SECURITY SOLUTIONS FOR CASA SOLLIEVO BIMBI, A HEALTHCARE INSTITUTION IN MILAN
5.10.2 JOHNSON CONTROLS INSTALLS INTEGRATED FIRE ALARM SYSTEM IN EAST COAST MUSEUM
5.10.3 CALDERDALE ROYAL HOSPITAL TO ELIMINATE FALSE ALARMS WITH THE HELP OF HONEYWELL’S NOTIFIER
5.11 TRADE ANALYSIS
FIGURE 30 IMPORT DATA FOR HS CODE 8531, BY KEY COUNTRY, 2016–2020 (USD MILLION)
FIGURE 31 EXPORT DATA FOR HS CODE 8531, BY KEY COUNTRY, 2016–2020 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 32 TOP 10 COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS IN THE LAST 10 YEARS
FIGURE 33 PATENT ANALYSIS RELATED TO MARKET
5.12.1 LIST OF MAJOR PATENTS
5.13 KEY CONFERENCES & EVENTS IN 2022–2023
TABLE 7 SMOKE DETECTORS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.14 TARIFF AND REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 REGULATIONS AND STANDARDS
5.14.2.1 Market standards
5.14.2.1.1 ISO 12239:2021
5.14.2.1.2 NFPA 72
5.14.2.1.3 UL 268
5.14.2.1.4 1910.164 - Fire detection systems
5.14.2.2 Market regulations
5.14.2.2.1 Regulation 76B- South Australian Government
5.14.2.2.2 The Housing (Scotland) Act 1987 (Tolerable Standard) (Extension of Criteria) Order 2019
5.14.2.2.3 The Smoke and Carbon Monoxide Alarm (England) Regulations 2015
5.14.2.2.4 Clause 146A – New South Wales
6 SMOKE DETECTORS MARKET, BY POWER SOURCE (Page No. - 80)
6.1 INTRODUCTION
FIGURE 34 MARKET, BY POWER SOURCE
FIGURE 35 HARDWIRED WITH BATTERY BACKUP SEGMENT EXPECTED TO ACCOUNT FOR LARGEST MARKET SIZE BY 2027
TABLE 12 MARKET, BY POWER SOURCE, 2018–2021 (USD MILLION)
TABLE 13 MARKET, BY POWER SOURCE, 2022–2027 (USD MILLION)
6.2 BATTERY-POWERED
6.2.1 INCREASING DEMAND FOR BATTERY-POWERED SMOKE DETECTORS ACROSS VARIOUS END-USE INDUSTRIES
TABLE 14 BATTERY-POWERED MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 15 BATTERY-POWERED MARKET, BY TYPE, 2022–2027 (USD MILLION)
6.3 HARDWIRED WITH BATTERY BACKUP
6.3.1 IMPROVED PROTECTION DURING POWER OUTAGE
6.3.1.1 Hardwired interconnectable smoke detectors with battery back-up
6.3.1.2 Hardwired wireless inter-connectable smokes detectors with battery back-up
TABLE 16 HARDWIRED SMOKE DETECTORS WITH BATTERY BACKUP MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 17 HARDWIRED SMOKE DETECTORS WITH BATTERY BACKUP MARKET, BY TYPE, 2022–2027 (USD MILLION)
6.4 HARDWIRED WITHOUT BATTERY BACKUP
6.4.1 HARDWIRED WITHOUT BATTERY BACKUP CONNECTED TO AC MAIN POWER SUPPLY
TABLE 18 HARDWIRED SMOKE DETECTORS WITHOUT BATTERY BACKUP MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 19 HARDWIRED SMOKE DETECTORS WITHOUT BATTERY BACKUP MARKET, BY TYPE, 2022–2027 (USD MILLION)
7 SMOKE DETECTORS MARKET, BY TYPE (Page No. - 87)
7.1 INTRODUCTION
FIGURE 36 MARKET, BY TYPE
FIGURE 37 DUAL-SENSOR MARKET EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 20 MARKET, 2018–2021 (USD MILLION)
TABLE 21 MARKET, 2022–2027 (USD MILLION)
TABLE 22 MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 23 MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 24 MARKET FOR TYPES, BY POWER SOURCE, 2018–2021 (USD MILLION)
TABLE 25 MARKET FOR TYPES, BY POWER SOURCE, 2022–2027 (USD MILLION)
TABLE 26 MARKET FOR TYPES, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 27 MARKET FOR TYPES, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
TABLE 28 MARKET FOR TYPES, BY COMMERCIAL SECTOR, 2018–2021 (USD MILLION)
TABLE 29 MARKET FOR TYPES, BY COMMERCIAL SECTOR, 2022–2027 (USD MILLION)
7.2 PHOTOELECTRIC SMOKE DETECTORS
7.2.1 FATAL SMOULDERING FIRES BOOSTING THE PHOTOELECTRIC SMOKE DETECTORS MARKET
TABLE 30 PHOTOELECTRIC MARKET, BY POWER SOURCE, 2018–2021 (USD MILLION)
TABLE 31 PHOTOELECTRIC MARKET, BY POWER SOURCE, 2022–2027 (USD MILLION)
TABLE 32 PHOTOELECTRIC MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 33 PHOTOELECTRIC MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
TABLE 34 PHOTOELECTRIC MARKET, BY COMMERCIAL SECTOR, 2018–2021 (USD MILLION)
TABLE 35 PHOTOELECTRIC MARKET, BY COMMERCIAL SECTOR, 2022–2027 (USD MILLION)
7.3 IONIZATION SMOKE DETECTORS
7.3.1 DETECTION OF VISIBLE AND INVISIBLE PRODUCTS OF COMBUSTION THROUGH IONIZATION SMOKE DETECTORS
TABLE 36 IONIZATION MARKET, BY POWER SOURCE, 2018–2021 (USD MILLION)
TABLE 37 IONIZATION MARKET, BY POWER SOURCE, 2022–2027 (USD MILLION)
TABLE 38 IONIZATION MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 39 IONIZATION MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
TABLE 40 IONIZATION MARKET, BY COMMERCIAL SECTOR, 2018–2021 (USD MILLION)
TABLE 41 IONIZATION MARKET, BY COMMERCIAL SECTOR, 2022–2027 (USD MILLION)
7.4 DUAL-SENSOR SMOKE DETECTORS
7.4.1 ADVANTAGES OVER OTHER SMOKE DETECTORS
TABLE 42 DUAL-SENSOR MARKET, BY POWER SOURCE, 2018–2021 (USD MILLION)
TABLE 43 DUAL-SENSOR MARKET, BY POWER SOURCE, 2022–2027 (USD MILLION)
TABLE 44 DUAL-SENSOR MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 45 DUAL-SENSOR MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
TABLE 46 DUAL-SENSOR MARKET, BY COMMERCIAL SECTOR, 2018–2021 (USD MILLION)
TABLE 47 DUAL-SENSOR MARKET, BY COMMERCIAL SECTOR, 2022–2027 (USD MILLION)
7.5 BEAM SMOKE DETECTORS
7.5.1 INCREASING ADOPTION OF BEAM SMOKE DETECTORS IN OPEN AREAS
7.5.2 REFLECTED BEAM SMOKE DETECTORS
7.5.3 RECEIVER-TRANSMITTER/OPTICAL BEAM SMOKE DETECTORS
TABLE 48 BEAM MARKET, BY POWER SOURCE, 2018–2021 (USD MILLION)
TABLE 49 BEAM MARKET, BY POWER SOURCE, 2022–2027 (USD MILLION)
TABLE 50 BEAM MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 51 BEAM MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
TABLE 52 BEAM MARKET, BY COMMERCIAL SECTOR, 2018–2021 (USD MILLION)
TABLE 53 BEAM MARKET, BY COMMERCIAL SECTOR, 2022–2027 (USD MILLION)
7.6 OTHER TYPES
TABLE 54 OTHER MARKET, BY POWER SOURCE, 2018–2021 (USD MILLION)
TABLE 55 OTHER MARKET, BY POWER SOURCE, 2022–2027 (USD MILLION)
TABLE 56 OTHER MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 57 OTHER MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
TABLE 58 OTHER MARKET, BY COMMERCIAL SECTOR, 2018–2021 (USD MILLION)
TABLE 59 OTHER MARKET, BY COMMERCIAL SECTOR, 2022–2027 (USD MILLION)
8 SMOKE DETECTORS MARKET, BY SERVICE (Page No. - 105)
8.1 INTRODUCTION
FIGURE 38 MARKET, BY SERVICE
FIGURE 39 ENGINEERING SERVICES EXPECTED TO DOMINATE MARKET BY 2027
TABLE 60 MARKET, BY SERVICE, 2018–2021 (USD MILLION)
TABLE 61 MARKET, BY SERVICE, 2022–2027 (USD MILLION)
TABLE 62 MARKET FOR SERVICES, BY POWER SOURCE, 2018–2021 (USD MILLION)
TABLE 63 MARKET FOR SERVICES, BY POWER SOURCE, 2022–2027 (USD MILLION)
TABLE 64 MARKET FOR SERVICES, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 65 MARKET FOR SERVICES, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
TABLE 66 MARKET FOR SERVICES, BY COMMERCIAL SECTOR, 2018–2021 (USD MILLION)
TABLE 67 MARKET FOR SERVICES, BY COMMERCIAL SECTOR, 2022–2027 (USD MILLION)
8.2 ENGINEERING SERVICES
8.2.1 ENGINEERED PLACEMENTS OF SMOKE DETECTORS GIVING ACCURATE COVERUP OF AREA FOR BETTER PROTECTION
8.3 INSTALLATION & DESIGN SERVICES
8.3.1 PROPER DESIGNING AND INSTALLATION CRUCIAL FOR THE RELIABILITY OF SMOKE DETECTORS
8.4 MAINTENANCE SERVICES
8.4.1 SERVICING AND MAINTENANCE FOR LONG-LASTING PERFORMANCE AND RELIABILITY OF SMOKE DETECTORS
8.5 MANAGED SERVICES
8.5.1 MANAGED SERVICES THROUGH REMOTE OPERATION MAKE SERVICES FUNCTION SMOOTHLY
8.6 OTHER SERVICES
9 SMOKE DETECTORS MARKET, BY DISTRIBUTION CHANNEL (Page No. - 112)
9.1 INTRODUCTION
FIGURE 40 MARKET, BY DISTRIBUTION CHANNEL
9.2 ONLINE
9.3 OFFLINE
10 SMOKE DETECTORS MARKET, BY END-USE INDUSTRY (Page No. - 114)
10.1 INTRODUCTION
FIGURE 41 MARKET, BY END-USE INDUSTRY
FIGURE 42 RESIDENTIAL SEGMENT EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 68 MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)
TABLE 69 MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)
10.2 COMMERCIAL
10.2.1 RISING ADOPTION OF SMOKE DETECTORS FROM THE COMMERCIAL INDUSTRY
10.2.2 ACADEMIA & INSTITUTIONAL
10.2.3 RETAIL
10.2.4 HEALTHCARE
10.2.5 HOSPITALITY
10.2.6 BANKING, FINANCIAL SERVICES, & INSURANCE (BFSI)
TABLE 70 MARKET, BY COMMERCIAL SECTOR, 2018–2021 (USD MILLION)
TABLE 71 MARKET, BY COMMERCIAL SECTOR, 2022–2027 (USD MILLION)
TABLE 72 MARKET FOR COMMERCIAL SECTOR, BY TYPE, 2018–2021 (USD MILLION)
TABLE 73 MARKET FOR COMMERCIAL SECTOR, BY TYPE, 2022–2027 (USD MILLION)
TABLE 74 MARKET FOR COMMERCIAL SECTOR, BY REGION, 2018–2021 (USD MILLION)
TABLE 75 MARKET FOR COMMERCIAL SECTOR, BY REGION, 2022–2027 (USD MILLION)
10.3 RESIDENTIAL
10.3.1 GOVERNMENT INITIATIVES BOOSTING THE ADOPTION OF SMOKE DETECTORS
TABLE 76 MARKET FOR RESIDENTIAL SECTOR, BY TYPE, 2018–2021 (USD MILLION)
TABLE 77 MARKET FOR RESIDENTIAL SECTOR, BY TYPE, 2022–2027 (USD MILLION)
TABLE 78 MARKET FOR RESIDENTIAL SECTOR, BY REGION, 2018–2021 (USD MILLION)
TABLE 79 MARKET FOR RESIDENTIAL SECTOR, BY REGION, 2022–2027 (USD MILLION)
10.4 OIL & GAS AND MINING
10.4.1 GROWING ADOPTION OF SMOKE DETECTORS ENSURING SAFETY OF INDUSTRIAL PLANTS
TABLE 80 MARKET FOR OIL & GAS AND MINING SECTOR, BY TYPE, 2018–2021 (USD MILLION)
TABLE 81 MARKET FOR OIL & GAS AND MINING SECTOR, BY TYPE, 2022–2027 (USD MILLION)
TABLE 82 MARKET FOR OIL& GAS AND MINING SECTOR, BY REGION, 2018–2021 (USD MILLION)
TABLE 83 MARKET FOR OIL& GAS AND MINING SECTOR, BY REGION, 2022–2027 (USD MILLION)
10.5 TRANSPORTATION & LOGISTICS
10.5.1 RISING DEMAND FOR BEAM SMOKE DETECTORS TO KEEP WAREHOUSES SAFE FROM FIRE
TABLE 84 MARKET FOR TRANSPORTATION & LOGISTICS SECTOR, BY TYPE, 2018–2021 (USD MILLION)
TABLE 85 MARKET FOR TRANSPORTATION & LOGISTICS SECTOR, BY TYPE, 2022–2027 (USD MILLION)
TABLE 86 MARKET FOR TRANSPORTATION & LOGISTICS SECTOR, BY REGION, 2018–2021 (USD MILLION)
TABLE 87 MARKET FOR TRANSPORTATION & LOGISTICS SECTOR, BY REGION, 2022–2027 (USD MILLION)
10.6 TELECOMMUNICATION
10.6.1 SMOKE DETECTORS TO SAFEGUARD SERVICE CONTINUITY FOR THE TELECOMMUNICATIONS INDUSTRY
TABLE 88 MARKET FOR TELECOMMUNICATIONS SECTOR, BY TYPE, 2018–2021 (USD MILLION)
TABLE 89 MARKET FOR TELECOMMUNICATIONS SECTOR, BY TYPE, 2022–2027 (USD MILLION)
TABLE 90 MARKET FOR TELECOMMUNICATIONS SECTOR, BY REGION, 2018–2021 (USD MILLION)
TABLE 91 MARKET FOR TELECOMMUNICATIONS SECTOR, BY REGION, 2022–2027 (USD MILLION)
10.7 MANUFACTURING
10.7.1 CRITICAL FIRE SAFETY NORMS TO INCREASE DEMAND FOR SMOKE DETECTORS IN MANUFACTURING INDUSTRY
TABLE 92 MARKET FOR MANUFACTURING SECTOR, BY TYPE, 2018–2021 (USD MILLION)
TABLE 93 MARKET FOR MANUFACTURING SECTOR, BY TYPE, 2022–2027 (USD MILLION)
TABLE 94 MARKET FOR MANUFACTURING SECTOR, BY REGION, 2018–2021 (USD MILLION)
TABLE 95 MARKET FOR MANUFACTURING SECTOR, BY REGION, 2022–2027 (USD MILLION)
10.8 OTHER END-USE INDUSTRIES
TABLE 96 MARKET FOR OTHER INDUSTRIES, BY TYPE, 2018–2021 (USD MILLION)
TABLE 97 MARKET FOR OTHER INDUSTRIES, BY TYPE, 2022–2027 (USD MILLION)
TABLE 98 MARKET FOR OTHER INDUSTRIES, BY REGION, 2018–2021 (USD MILLION)
TABLE 99 MARKET FOR OTHER INDUSTRIES, BY REGION, 2022–2027 (USD MILLION)
11 GEOGRAPHICAL ANALYSIS (Page No. - 132)
11.1 INTRODUCTION
FIGURE 43 SMOKE DETECTORS MARKET, BY REGION
FIGURE 44 MARKET IN FRANCE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 100 MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)
TABLE 101 MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)
11.2 NORTH AMERICA
FIGURE 45 NORTH AMERICA: SMOKE DETECTORS MARKET SNAPSHOT
FIGURE 46 US EXPECTED TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD
TABLE 102 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 103 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.2.1 US
11.2.1.1 Presence of prominent players in market
11.2.2 CANADA
11.2.2.1 Government initiatives boosting adoption of smoke detectors in newly constructed buildings
11.2.3 MEXICO
11.2.3.1 Adoption of smoke detectors in growth phase
11.3 EUROPE
FIGURE 47 EUROPE: SMOKE DETECTORS MARKET SNAPSHOT
FIGURE 48 FRANCE EXPECTED TO ACHIEVE HIGHEST GROWTH DURING FORECAST PERIOD
TABLE 104 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 105 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.3.1 UK
11.3.1.1 Major contributor to market
11.3.2 GERMANY
11.3.2.1 Favorable government policies to fuel smoke detectors market
11.3.3 FRANCE
11.3.3.1 Mandates pertaining to compulsory installation of smoke detectors in residential homes
11.3.4 REST OF EUROPE
11.4 ASIA PACIFIC
FIGURE 49 ASIA PACIFIC: SMOKE DETECTORS MARKET SNAPSHOT
FIGURE 50 CHINA EXPECTED TO DOMINATE THROUGHOUT FORECAST PERIOD
TABLE 106 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 107 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
11.4.1 CHINA
11.4.1.1 China to emerge as a major market
11.4.2 JAPAN
11.4.2.1 Mandatory installation of smoke detectors in residential buildings
11.4.3 SOUTH KOREA
11.4.3.1 Awareness about fire prevention and safety regulations among citizens
11.4.4 REST OF ASIA PACIFIC
11.5 REST OF THE WORLD (ROW)
FIGURE 51 MIDDLE EAST & AFRICA EXPECTED TO DOMINATE THROUGHOUT FORECAST PERIOD
TABLE 108 ROW: MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 109 ROW: MARKET, BY REGION, 2022–2027 (USD MILLION)
11.5.1 MIDDLE EAST & AFRICA (MEA)
11.5.1.1 Rising commercial construction fueling growth
11.5.2 SOUTH AMERICA
11.5.2.1 Increasing adoption of smoke detectors in multiple sectors
12 COMPETITIVE LANDSCAPE (Page No. - 149)
12.1 INTRODUCTION
TABLE 110 KEY DEVELOPMENTS IN THE SMOKE DETECTORS MARKET (2018–2021)
12.1.1 REVENUE ANALYSIS OF TOP FIVE COMPANIES
FIGURE 52 MARKET: REVENUE ANALYSIS (2021)
12.2 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2021
TABLE 111 SMOKE DETECTORS MARKET: DEGREE OF COMPETITION
12.3 COMPANY EVALUATION QUADRANT, 2021
12.3.1 STARS
12.3.2 EMERGING LEADERS
12.3.3 PERVASIVE PLAYERS
12.3.4 PARTICIPANTS
FIGURE 53 SMOKE DETECTORS MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
12.4 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2021
12.4.1 PROGRESSIVE COMPANIES
12.4.2 RESPONSIVE COMPANIES
12.4.3 DYNAMIC COMPANIES
12.4.4 STARTING BLOCKS
FIGURE 54 MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021
12.4.5 SMOKE DETECTORS MARKET: COMPANY FOOTPRINT
TABLE 112 COMPANY TYPE FOOTPRINT
TABLE 113 COMPANY INDUSTRY FOOTPRINT
TABLE 114 COMPANY REGION FOOTPRINT
TABLE 115 COMPANY FOOTPRINT
12.5 COMPETITIVE BENCHMARKING
TABLE 116 MARKET: DETAILED LIST OF KEY STARTUP/SMES
TABLE 117 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.6 COMPETITIVE SCENARIO AND TRENDS
12.6.1 PRODUCT LAUNCHES
TABLE 118 MARKET: PRODUCT LAUNCHES, JUNE 2018 – OCTOBER 2021
12.6.2 DEALS
TABLE 119 SMOKE DETECTORS MARKET: DEALS, OCTOBER 2021
13 COMPANY PROFILES (Page No. - 166)
13.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
13.1.1 EMERSON ELECTRIC CO.
TABLE 120 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW
FIGURE 55 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 121 EMERSON ELECTRIC CO.: PRODUCT OFFERING
13.1.2 GENTEX CORPORATION
TABLE 122 GENTEX CORPORATION: BUSINESS OVERVIEW
FIGURE 56 GENTEX CORPORATION: COMPANY SNAPSHOT
TABLE 123 GENTEX CORPORATION: PRODUCT OFFERING
13.1.3 HOCHIKI CORPORATION
TABLE 124 HOCHIKI CORPORATION: BUSINESS OVERVIEW
FIGURE 57 HOCHIKI CORPORATION: COMPANY SNAPSHOT
TABLE 125 HOCHIKI CORPORATION: PRODUCT OFFERING
13.1.4 BRK BRANDS, INC.
TABLE 126 BRK BRANDS, INC.: BUSINESS OVERVIEW
TABLE 127 BRK BRANDS, INC.: PRODUCT OFFERING
13.1.5 JOHNSON CONTROLS INTERNATIONAL PLC.
TABLE 128 JOHNSON CONTROLS INTERNATIONAL PLC.: BUSINESS OVERVIEW
FIGURE 58 JOHNSON CONTROLS INTERNATIONAL PLC.: COMPANY SNAPSHOT
TABLE 129 JOHNSON CONTROLS INTERNATIONAL PLC.: PRODUCT OFFERING
13.1.6 HONEYWELL INTERNATIONAL, INC.
TABLE 130 HONEYWELL INTERNATIONAL, INC.: BUSINESS OVERVIEW
FIGURE 59 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 131 HONEYWELL INTERNATIONAL, INC: PRODUCT OFFERINGS
13.1.7 MIRCOM GROUP OF COMPANIES
TABLE 132 MIRCOM GROUP OF COMPANIES: BUSINESS OVERVIEW
TABLE 133 MIRCOM GROUP OF COMPANIES: PRODUCT OFFERING
13.1.8 ABB
TABLE 134 ABB: BUSINESS OVERVIEW
FIGURE 60 ABB: COMPANY SNAPSHOT
TABLE 135 ABB: PRODUCT OFFERING
13.1.9 NEST LABS (GOOGLE NEST)
TABLE 136 NEST LABS (GOOGLE NEST): BUSINESS OVERVIEW
FIGURE 61 NEST LABS (GOOGLE NEST): COMPANY SNAPSHOT
TABLE 137 NEST LABS (GOOGLE NEST): PRODUCT OFFERING
13.1.10 PROTEC FIRE & SECURITY GROUP LTD.
TABLE 138 PROTEC FIRE & SECURITY GROUP LTD.: BUSINESS OVERVIEW
TABLE 139 PROTEC FIRE & SECURITY GROUP LTD.: PRODUCT OFFERING
13.1.11 ROBERT BOSCH GMBH
TABLE 140 ROBERT BOSCH GMBH: BUSINESS OVERVIEW
FIGURE 62 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
TABLE 141 ROBERT BOSCH GMBH: PRODUCT OFFERING
13.1.12 CARRIER GLOBAL CORPORATION
TABLE 142 CARRIER GLOBAL CORPORATION: BUSINESS OVERVIEW
FIGURE 63 CARRIER GLOBAL CORPORATION: COMPANY SNAPSHOT
TABLE 143 CARRIER GLOBAL CORPORATION: PRODUCT OFFERING
13.1.13 SCHNEIDER ELECTRIC
TABLE 144 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW
FIGURE 64 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 145 SCHNEIDER ELECTRIC: PRODUCT OFFERING
13.1.14 SIEMENS AG
TABLE 146 SIEMENS AG: BUSINESS OVERVIEW
FIGURE 65 SIEMENS AG: COMPANY SNAPSHOT
TABLE 147 SIEMENS AG: PRODUCT OFFERING
13.1.15 ANALOG DEVICES, INC.
TABLE 148 ANALOG DEVICES, INC.: BUSINESS OVERVIEW
FIGURE 66 ANALOG DEVICES, INC.: COMPANY SNAPSHOT
TABLE 149 ANALOG DEVICES, INC.: PRODUCT OFFERING
13.2 OTHER PLAYERS
13.2.1 APOLLO FIRE DETECTORS
13.2.2 FIKE CORPORATION
13.2.3 CEASEFIRE INDUSTRIES PVT. LTD.
13.2.4 NAPCO SECURITY TECHNOLOGIES
13.2.5 SECOM CO., LTD.
13.2.6 SECURITON AG
13.2.7 UNIVERSAL SECURITY INSTRUMENTS, INC.
13.2.8 HEKATRON VERTRIEBS GMBH
13.2.9 ADT INC.
13.2.10 NETATMO
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14 ADJACENT & RELATED MARKETS (Page No. - 211)
14.1 INTRODUCTION
14.2 LIMITATIONS
14.3 SMART HOME MARKET, BY SALES CHANNEL
14.3.1 INTRODUCTION
14.4 DIRECT SALES CHANNEL
14.4.1 PLAYERS WITH LIMITED SALES CHANNELS AND DISTRIBUTION NETWORKS OPT FOR DIRECT SALES OF SMART HOME PRODUCTS
TABLE 150 SMART HOME MARKET FOR DIRECT SALES, BY REGION, 2017–2020 (USD BILLION)
TABLE 151 SMART HOME MARKET FOR DIRECT SALES, BY REGION, 2021–2026 (USD BILLION)
14.5 INDIRECT SALES CHANNEL
14.5.1 INDIRECT SALES OF SMART HOME PRODUCTS AND SOLUTIONS HAVE INCREASED POST-COVID-19 OUTBREAK
TABLE 152 SMART HOME MARKET FOR INDIRECT SALES, BY REGION, 2017–2020 (USD BILLION)
TABLE 153 SMART HOME MARKET FOR INDIRECT SALES, BY REGION, 2021–2026 (USD BILLION)
15 APPENDIX (Page No. - 215)
15.1 INSIGHTS OF INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 AVAILABLE CUSTOMIZATIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the smoke detectors market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred for identifying and collecting information important for the smoke detectors market study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, and certified publications; articles from recognized authors; directories; and databases.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts, such as CEOs, VPs, marketing directors, technology and innovation directors, and related key executives from major companies and organizations operating in the smoke detectors market. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both the top-down and bottom-up approaches have been used to estimate and validate the size of the overall smoke detectors market based on segments. The research methodology used to estimate the market size has been given below:
- Key players operating in the smoke detectors market have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined by using secondary sources and verified through primary sources.
Global smoke detectors market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall smoke detectors market size—using the estimation processes explained above—the market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides of the smoke detectors market.
Report Objectives:
- To describe and forecast the smoke detectors market, in terms of value, based on power source, type, service, distribution channel, and end-use industry.
- To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To provide a comprehensive overview of the value chain of the smoke detectors ecosystem
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market.
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2, and provide a detailed competitive landscape of the market.
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the smoke detectors.
- To analyze competitive strategies, such as product launches and acquisitions, adopted by key market players in the smoke detectors market.
Available Customizations:
Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Smoke Detector Market