Global Smoke Detector Market is segmented By Power Source (Hardwired (with battery backup), Battery Powered, Hardwired (without battery backup), By Product Type (Photoelectric, Ionization, Dual Sensor, Others), By Service (Engineering Services, Installation and Design Services, Maintenance Services, Managed Services, Other Services), By End-User (Commercial, Residential, Oil, Gas, and Mining, Transportation and Logistics, Telecommunication, Manufacturing, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024 - 2031
Market Overview
The global "Smoke Detector Market" is estimated to reach at a high CAGR of 7.5% during the forecast period (2024-2031).
Smoke detectors are pieces of equipment employed to ensure individual safety by detecting smoke in the possible event of a fire engulfing a building. Some detectors are classified into household and commercial, depending on the building it serves. Traditionally, a smoke detector issues warning signals or alarms on detection of smoke, an indicator of fire.
However, in commercial smoke detectors, the device issues the alert to the central fire alarm control panel rather than directly triggering an alarm sound on its own. Photoelectric or physical methods such as ionization are usually the working principles behind smoke detectors. The shape, size and material used for the outer encasement of smoke detectors vary as per the requirement of smoke detectors and the industry in which the devices are utilized.
Source: DataM Intelligence Analysis (2021)
Market Dynamics
Stringent governmental regulations, technological advancements and increasing smoke detectors adoption in the residential sector is significant drivers for the global smoke detector market.
Growing adoption of smoke detectors in households and technological advancements in smoke detectors
The economic benefits and the growing adoption of smoke detectors in the residential market are considered a primary driving factor for the global smoke detectors market. Furthermore, installing smart smoke and fire detection systems in residential units has improved residential property's value. As a result, the respective market is expected to grow with the growth associated with the real-estate sector.
As per data provided by the San Francisco administration, fire-related hazards and accidents resulted in deaths of 4000 people and severe injury of over 2500 people due to the lack of fire extinguishing systems and smoke detectors. Since installing smoke detectors would reduce the numbers associated with accidents and deaths, the respective fact would further improve the market prospect of smoke detectors. Additionally, the introduction of laser smoke detectors and their capacity to provide high levels of protection is propelling the smoke detectors market forward.
The growing concerns regarding radiation poisoning from smoke detectors
Although the accusation that smoke detectors could expose people to toxic radiation is baseless, the respective parameter constricts the growth of the global smoke detectors market, as per the U.S. Department of Agriculture, Forest Service, Technology and Development. However, ionization type smoke detectors contain americium-241, a radioactive metal; the radiation exhibited by the metal is only 1/100 millirem per year, which is way below the background radiation level limit of 360 millirems per year.
However, due to growing speculations regarding the radioactivity induced by smoke detectors, a fear has been instilled in the heart of many consumers, mainly residential customers. The respective factor could restrict the market growth of the global smoke detector market and diminish its revenue and sales potential.
COVID-19 Impact Analysis
Several industrial and economic sectors have been affected by the pandemic due to a prolonged lockdown, scarcity of human resources and halt in manufacturing processes. Markets were progressively embracing new trends to keep their businesses afloat, and makers of healthcare-related items were given special consideration and employed various techniques to tackle the problem.
In terms of revenue, smoke detectors saw ups and downs during the epidemic. During the epidemic, the commercial sector and retail shops were closed, reducing the overall demand for smoke alarms. However, the need for fire alarm systems and smoke detectors was expanding in hospitals and medical offices. On the other hand, the scarcity of raw materials for the manufacture of smoke detectors and constrained inventories and supply chain disruptions, combined with rising demand for electronic components, has resulted in a fall in the smoke detector market.
Segment Analysis
The smoke detector market is segmented into commercial, residential, oil, gas and mining, transportation and logistics, telecommunication, manufacturing, and others based on end-user.
The residential sector dominates the transportation segment of the smoke detector market due to increasing fire accidents and stringent government regulations associated with fire and safety.
Smoke and fire detectors are becoming more common in homes, and as a result, people become more concerned about their safety. The governmental regulations are also growing to be more stringent to protect the residents. As per NFPA 72 and National Fire Alarm and Signaling Code regulations, any residence with a floor space of more than 1,000 square feet (excluding garage areas) mandates smoke alarms to be put on the ceiling.
Typically in residential buildings, photoelectric and ionization smoke detectors are extensively employed due to their efficiencies in producing a response. Photoelectric alarms are highly responsive to smoldering flames in a domestic context, but ionization detectors are better for raging fires. As a result of similar governmental regulations and growing fear regarding fire-related accidents have resulted in the growth of the residential segment of the global smoke detectors market.
Source: DataM Intelligence Analysis (2021)
Geographical Analysis
Stringent safety regulations and the exhaustive buying potential of consumers help North America dominate the global smoke detector market.
North America dominates the market in terms of expansion among the competitive regions and generates the most revenue and sales in the smoke detector market during the forecast period. The widespread growth of North America in the global smoke detector market is mainly due to the following factors:
- The high economic stability of North America, consumers' substantial buying potential and interest in modern security gadgets.
- The rising number of manufacturers of smoke detectors and similar security-related equipment in the region.
- The stringent government regulations in the region associated with fire and safety mandate people to utilize smoke detectors.
- The region's growing economy and the introduction of numerous industrial ventures also play a pivotal role in increasing the number of commercial smoke detector units sold.
Asia-Pacific has also exhibited a remarkable rise in the demand for smoke detectors in the forecast period due to expanding infrastructure and increasing urbanization. The growing demand for smoke detectors in critical services sectors such as health centers, educational institutions, malls and theatres also upscale the growth of smoke detector markets throughout the Asia Pacific region.
Source: DataM Intelligence Analysis (2021)
Smoke Detector Competitive Landscape
The smoke detector market is competitive due to many key players present in the region and growing incidents of fire, governmental regulations associated with fire safety and increasing demand for fire safety products. Some of the key players in the market are Honeywell Global, Inc., Siemens, ABB, Robert Bosch GmbH, Schneider Electric, Emerson Electric Co., BRK Brands, Inc., Johnson Controls, Protec Fire & Security Group Ltd, ADT INC, among other domestic and global players. The companies are adopting various new strategies to dominate the market, such as launching new schemes, acquisitions and collaborations, contributing to the worldwide growth of the smoke detectors market.
- For instance, In 2019, Siemens launched a smoke alarm system with acoustic and optical laser facilities approved by European standards. Voice alarms along with fire protection are an added advantage of the products.
Robert Bosch GmbH
Overview:
Robert Bosch GmbH focuses on manufacturing and supplying technology and services in business segments such as mobility solutions, industrial technology, consumer goods, energy and building technology. The company was founded in 1886 and is headquartered in Gerlingen, Germany. The company has a presence in the Americas, Asia-Pacific, Europe, Middle East and Africa. The company employed 395,000 people and generated annual revenue of US$ 80.64 million in 2020.
Product Portfolio: The Company offers various products, including:
Automatic fire detectors
Robert Bosch GmbH manufactures an exclusive range of automatic fire detectors that are conventional and addressable with single, double and multi-variants. Some of the products in the segment include FAP‑520 Automatic Fire Detectors LSN improved version, FAS-420-TM Aspiration smoke detector series LSN improved, FAS‑420 Aspiration smoke detector series LSN improved, FCP‑320/FCH‑320 Conventional Automatic Fire Detectors, FCS-320-TM Conventional aspiration smoke detector series, among others.
Key Development: In 2021, Bosch introduced the Smart Smoke Alarm System, which integrates a burglar alarm and an ambient air sensor, which enhanced the system's overall performance and quality. The system also comes with inbuilt cameras that will be automatically triggered as per the scenario. The system's unique features set it apart from the competition.
Why Purchase the Report?
- Visualize the smoke detector market segmentation by power source, product type, service, end-user, and region, highlighting the key commercial assets and players.
- Identify commercial opportunities in the smoke detectors market by analyzing trends and co-development deals.
- Excel data sheet with thousands of smoke detector market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Component mapping in excel for the key product of all major market players
The global Smoke Detector market report would provide approximately 69 market data tables, 74 figures, and 180 pages.
Target Audience
- Smoke Detector System Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Distributors/Suppliers
- Emerging Companies
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