Smoke detector is a sensing device, used for combating fire through signaling out indications of smoke incidences. It is installed in commercial & residential sectors and transmits a signal to fire alarm control panel, while household smoke detectors send out audible or visual alarms. It consists of two major parts: sensor and loud electric horn. Sensor signals the fire alarm panel by fire alarm sounds or flash lights. It is used in entertainment malls, corporate buildings, auditoriums, residential buildings, and other public places. It is classified as wireless smoke detector and carbon monoxide smoke detectors. Both are linked to specific alert mechanism, for instance vibrating pillow pads and remote warning handsets.
According to study, “World Smoke Alarm (Smoke Detector) Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world smoke alarm (smoke detector) market are BRK, TycoFIS (Tyco International Ltd), Halma, Johnson Controls International Plc., ABB Group, Sprue Aegis, Hochiki Corp., Siemens AG, Xtralis, Ei Electronics, Honeywell Security, Panasonic Eco Solutions, Nohmi Bosai, Schneider Electric, Universal Security Instruments, Yamato Protec, Nittan Co. Ltd., System Sensor, Gulf Security Technology, Angels Intelligent Equipment, Shanghai Nohmi Secom, Shanying Fire, Forsafe, Longsin, Ceasefire Industries Pvt. Ltd., Shenzhen Security Group, D&K Group, Mircom Group, AneyWell, Gabel, Kidde Fire Safety (United Technologies Corporation), Heiman Technology, Nest labs (Google LLC), Robert Bosch GmbH, Protec Fire Detection Plc., Secrui, Shanghai Belling, Yongchangda Electronics, Nanjing Fire Group, Sureland. The key players are shifting towards adopting digital assistance such as IoT and AI.
Based on product type, smoke detector market is segmented into photoelectric smoke alarms, combination smoke alarms, ionization smoke alarms, public places smoke alarm, home smoke alarm and others. Based on power source, market is segmented into hardwired without battery backup, hardwired with battery backup and battery powered. Based on service type, market is segmented into engineering services, maintenance services, installation & design services, managed services and other services. Based on pricing, market is segmented into low priced, medium priced and premium priced. In addition, based on end-use industry, market is segmented into oil & gas and mining, commercial (healthcare, academia & institutional, hospitality, retail, residential, banking, financial services, & insurance (BFSI), telecommunication, transportation & logistics, manufacturing and others.
The smoke detector market is driven by increase in commercial infrastructural investments, followed by rise in population & increase in urbanization, rise in technological advancements & innovations, increase in fire-related expenditure of various enterprise, rise in penetration of smart homes, implementation of residential safety standards, rapid industrializations, growth in urbanization, increase in sensor technology and rise in government regulations. However, complications associated with the installations and high cost of replacing traditional smoke detectors with smart smoke detectors may impact the market. Moreover, rapid development of smoke detector technology along with internet of things (IoT), growth in popularity of carbon monoxide (CO) smoke detectors and advancements of Conventional Photoelectric Smoke Detector (CPS systems) are a key opportunities for market.
Based on geography, USA country holds major share in smoke detector market owing to rise in strictness of fire safety regulations in the country. Europe, China and India are expected to witness lucrative growth due to growth of the construction industry in residential & non-residential, and civil engineering sectors over the forecast period.
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Ankur Gupta, Head Marketing & Communications