North America Smoke Detectors Market Forecast 2023-2032
KEY FINDINGS
The North America smoke detectors market is predicted to project a CAGR of 7.53% during the forecast period, 2023-2032. Smoke alarms are essential in all residences, including rental properties, multi-family homes, dormitories, hotels, single-family houses, etc., given the strict smoke detector rules.
MARKET INSIGHTS
Canada and the United States are assessed for the North America smoke detectors market growth evaluation. In Canada, home fires are a prevailing crisis. As per the Ontario Association of Fire Chiefs, residential fires contribute to 73% of most fire-related fatalities in Canada. Additionally, the monetary expenses of fire damage with regard to residential structure fires in the country have been around $45,000 per unit. Besides, the growing home fire incidences propel the market demands.
Further, smoke alarms are necessitated in all the new sleeping rooms and dwelling units on each floor, as per the National Building Code of Canada. Also, commercial buildings and residential dwellings must meet the standards of a number of national regulatory overseers, including the National Building Code (NBC), which is upgraded every five years, the Provincial Code, and the National Fire Code (NFC). Moreover, stringent fire safety regulations facilitate growth opportunities.
COMPETITIVE INSIGHTS
Some of the key market players include Honeywell International Inc, Johnson Controls International, Google Nest (Google), Ceasefire Industries Pvt Ltd, 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. North America
- 8.1.1. Market Size & Estimates
- 8.1.2. North America Smoke Detectors Market Drivers
- 8.1.3. North America Smoke Detectors Market Challenges
- 8.1.4. Key Players In North America Smoke Detectors Market
- 8.1.5. Country Analysis
- 8.1.5.1. United States
- 8.1.5.1.1. United States Smoke Detectors Market Size & Opportunities
- 8.1.5.2. Canada
- 8.1.5.2.1. Canada 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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