Smoke Alarm Market 2021-2027

New Study Reports "Smoke Alarm Market 2021 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027" has been Added on Market Research Future.

Market Overview

This report provides in depth study of “Smoke Alarm Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Smoke Alarm Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

The study objectives of Smoke Alarm Market report are continuously involved in the research of the profile of key players that are established in recent times to keep the record updated. To keep the growth rate very smooth and stable, the research team carefully go through the manufacturing company’s strategy & planning of development and then analyze them for growth opportunity.

The professional study and research Smoke Alarm Market report consider the growth that is estimated according to the market size every year.

Smoke alarm market is expected to grow from USD 804.08 million in 2017 to USD 3000 million by 2027, at a compound annual growth rate (CAGR) of 9% during the forecast period. Rise in government initiatives regarding fire safety awareness and technological advancements in smoke alarms are the key drivers for the smoke alarm market.

A smoke alarm is an all-in-one, self-contained device that consists of a detector that senses smoke and thereby generate an alarm that can be an audible or visual warning. Rise in government initiatives regarding fire safety awareness and technological advancements in smoke alarms are the key drivers for the smoke alarm market. However, high cost of replacement of traditional smoke alarms with smart smoke detectors restrain the market growth.

Key Players

The report has profiled some of the Important players prevalent in the global like – Johnson Controls Inc (US), Protec Fire Detection PLC (UK), Schneider Electric (France), Robert Bosch GmbH (Germany), United Technologies Corporation (US), Nest Labs (US), Siemens AG (Germany), Legrand (France), Newell Brands (US), and Halma Plc (UK). The major players constantly focuses on growth strategies such as strategic partnerships, mergers, acquisitions, and product launch to enhance their product offerings and expand their market reach. The other prominent players in the in the smoke alarm market are Hochiki Corporation (Japan), Honeywell International (US), Secom Co., Ltd (Japan), Minimax Viking GmbH (Germany), Gentex (US), Schrack Seconet AG (Austria), NEC Corporation (Japan), and Ceasefire Industries Pvt. Ltd. (India) and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smoke Alarm.

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Segmentation

Smoke alarm market is segmented based on sensor technology, power backup, end-user, and region.

By sensor technology, the market is segregated into ionization smoke alarm, photoelectric smoke alarms, and combination or dual sensor smoke alarms.

On the basis of power backup, the market is segmented battery powered, hardwired, and hardwired with battery backup.

By end-user, the market is segmented residential, academia & institutional, retail, healthcare, hospitality (hotel/leisure), BFSI, transportation & logistics, manufacturing, and others.

By region, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World.

Regional Analysis

The global market for smoke alarm market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of smoke alarm market is done for North America, Europe, Asia-Pacific, and the rest of the world. 

Asia-Pacific is estimated to register the highest CAGR during the forecast period. The growth in the region is attributable to factors including ongoing infrastructure development, rapid pace of urbanization, and rise in number of residential and commercial spaces including healthcare centers, educational institutions, and malls.

North America is expected to dominate the smoke alarm market from 2018 to 2023 as the region has a sustainable and well-established economy and the region witnesses stringent government mandates with regards to smoke alarms installation in residential and commercial space. Furthermore, the presence of the leading manufacturers in the region further drive the smoke alarm market in these regions.

Key Stakeholders 
Smoke Alarm Market Manufacturers 
Smoke Alarm Market Distributors/Traders/Wholesalers 
Smoke Alarm Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Important Key Points from Table of Content:

1  Executive Summary

2  Market Introduction

3  Research Methodology

4  Market Dynamics

5  Global Smoke Alarm Market, By Component

6  Global Smoke Alarm Market, by Technology

7  Global Smoke Alarm Market, by Application

8  Global Smoke Alarm Market, By Industry

9  Global Smoke Alarm Market, By Region

10  Competitive Landscape

And more

Continued...

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