Europe Smoke Detectors Market Forecast 2023-2032
KEY FINDINGS
The Europe smoke detectors market is set to record a CAGR of 8.38% during the forecast period, 2023-2032. The thriving residential building sector is contributing to market demands in Europe. Also, the European nations’ affordable housing initiatives boost market prospects. However, the building construction and civil engineering slump in various nations pose commercial challenges.
MARKET INSIGHTS
Spain, Italy, France, Germany, Belgium, the United Kingdom, Poland, and Rest of Europe are evaluated for the Europe smoke detectors market growth analysis. In Germany, more than people die in fires annually, with fumes constituting 95% of the deaths. Also, 6000 are injured every year and suffer long-term damage to their health. In addition, thirteen German states enacted legislation obligation the installation of smoke detectors, which applies throughout the country. At the same time, the requirements differ according to the state. The state building code of each state determines the authority responsible for installation and maintenance and the rooms where smoke detectors are required. Besides, stringent safety legislation and standards promote the market demands.
In Belgium, residential and infrastructural construction activities picked up in the second quarter of 2021, after a stagnation of 4.7% in 2020. As the economic recovery gains traction, the construction output it set to rise. Accordingly, the growing residential constriction drives the demand for smoke detectors. Furthermore, smoke detectors are necessitated for home modifications, rental properties, and new construction in Belgium. Moreover, as of January 1, 2020, the Flemish government has mandated the smoke detector installations in all private residences. Such aspects boost the market growth.
COMPETITIVE INSIGHTS
Some of the eminent market players include Robert Bosch GmbH, Schneider Electric, Protec Fire & Security Group Ltd, Johnson Controls International, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.5. Major Market Findings
- 2.5.1. Emergence Of Smart Smoke Detectors
- 2.5.2. Integration Of Advanced Technologies In Smoke Detectors
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Increasing Fire Safety Concerns
- 3.1.2. Growing Awareness About Smoke Detectors’ Benefits
- 3.1.3. Rising Fire Incidences
- 3.2. Key Restraints
- 3.2.1. Expensive Smart Smoke Detectors
- 3.2.2. Disadvantages Of Smoke Detectors
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.4. Market Maturity Analysis
- 4.5. Market Concentration Analysis
- 5. Market By Product Type
- 5.1. Photoelectric
- 5.2. Ionization
- 5.3. Dual Sensor
- 5.4. Other Product Types
- 6. Market By Power Source
- 6.1. Hardwired Smoke Detectors
- 6.2. Battery-powered Smoke Detectors
- 6.3. Other Power Sources
- 7. Market By End-user
- 7.1. Commercial
- 7.2. Manufacturing
- 7.3. Telecommunication
- 7.4. Residential
- 7.5. Automotive
- 7.6. Oil & Gas
- 7.7. Other End-users
- 8. Geographical Analysis
- 8.1. Europe
- 8.1.1. Market Size & Estimates
- 8.1.2. Europe Smoke Detectors Market Drivers
- 8.1.3. Europe Smoke Detectors Market Challenges
- 8.1.4. Key Players In Europe Smoke Detectors Market
- 8.1.5. Country Analysis
- 8.1.5.1. United Kingdom
- 8.1.5.1.1. United Kingdom Smoke Detectors Market Size & Opportunities
- 8.1.5.2. Germany
- 8.1.5.2.1. Germany Smoke Detectors Market Size & Opportunities
- 8.1.5.3. France
- 8.1.5.3.1. France Smoke Detectors Market Size & Opportunities
- 8.1.5.4. Italy
- 8.1.5.4.1. Italy Smoke Detectors Market Size & Opportunities
- 8.1.5.5. Spain
- 8.1.5.5.1. Spain Smoke Detectors Market Size & Opportunities
- 8.1.5.6. Belgium
- 8.1.5.6.1. Belgium Smoke Detectors Market Size & Opportunities
- 8.1.5.7. Poland
- 8.1.5.7.1. Poland Smoke Detectors Market Size & Opportunities
- 8.1.5.8. Rest Of Europe
- 8.1.5.8.1. Rest Of Europe Smoke Detectors Market Size & Opportunities
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Acquisitions
- 9.1.2. Divestitures
- 9.2. Company Profiles
- 9.2.1. Abb Limited
- 9.2.1.1. Company Overview
- 9.2.1.2. Products / Services List
- 9.2.1.3. Strengths & Challenges
- 9.2.2. Brk Brands Inc (Acquired By Resideo Technologies Inc)
- 9.2.2.1. Company Overview
- 9.2.2.2. Products / Services List
- 9.2.2.3. Strengths & Challenges
- 9.2.3. Carrier Global Corporation
- 9.2.3.1. Company Overview
- 9.2.3.2. Products / Services List
- 9.2.3.3. Strengths & Challenges
- 9.2.4. Ceasefire Industries Pvt Ltd
- 9.2.4.1. Company Overview
- 9.2.4.2. Products / Services List
- 9.2.4.3. Strengths & Challenges
- 9.2.5. Google Nest (Google)
- 9.2.5.1. Company Overview
- 9.2.5.2. Products / Services List
- 9.2.5.3. Strengths & Challenges
- 9.2.6. Hochiki Corporation
- 9.2.6.1. Company Overview
- 9.2.6.2. Products / Services List
- 9.2.6.3. Strengths & Challenges
- 9.2.7. Honeywell International Inc
- 9.2.7.1. Company Overview
- 9.2.7.2. Products / Services List
- 9.2.7.3. Strengths & Challenges
- 9.2.8. Huawei Technologies Co Ltd
- 9.2.8.1. Company Overview
- 9.2.8.2. Products / Services List
- 9.2.8.3. Strengths & Challenges
- 9.2.9. Johnson Controls International Plc
- 9.2.9.1. Company Overview
- 9.2.9.2. Products / Services List
- 9.2.9.3. Strengths & Challenges
- 9.2.10. Protec Fire And Security Group Ltd
- 9.2.10.1. Company Overview
- 9.2.10.2. Products / Services List
- 9.2.10.3. Strengths & Challenges
- 9.2.11. Robert Bosch Gmbh
- 9.2.11.1. Company Overview
- 9.2.11.2. Products / Services List
- 9.2.11.3. Strengths & Challenges
- 9.2.12. Schneider Electric
- 9.2.12.1. Company Overview
- 9.2.12.2. Products / Services List
- 9.2.12.3. Strengths & Challenges
- 9.2.13. Secom Co Ltd
- 9.2.13.1. Company Overview
- 9.2.13.2. Products / Services List
- 9.2.13.3. Strengths & Challenges
- 9.2.14. Siemens Ag
- 9.2.14.1. Company Overview
- 9.2.14.2. Products / Services List
- 9.2.14.3. Strengths & Challenges
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