Smoke Detector

Smoke Detector

Global Smoke Detector Market to Reach $2.5 Billion by 2026

Amid the COVID-19 crisis, the global market for Smoke Detector estimated at US$1.5 Billion, is projected to reach a revised size of US$2.5 Billion by 2026, growing at a CAGR of 7.9% over the analysis period. Battery Powered, one of the segments analyzed in the report, is projected to record a 8.9% CAGR and reach US$1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardwired with Battery Backup segment is readjusted to a revised 7.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $449.6 Million in 2021, While China is Forecast to Reach $540.8 Million by 2026

The Smoke Detector market in the U.S. is estimated at US$449.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$540.8 Million by the year 2026 trailing a CAGR of 12.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Hardwired without Battery Backup Segment to Reach US$345.4 Million by the year 2026

In the global Hardwired without Battery Backup segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$171.5 Million will reach a projected size of US$265.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 11 Featured) -

• Hochiki Corporation
• Honeywell International, Inc.
• Johnson Controls, Inc.
• NEC Corporation
• Nest Labs
• Robert Bosch GmbH
• Schneider Electric SA
• Siemens AG
• Tyco International PLC
• United Technologies Corporation (UTC)

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