United States Smoke Detectors Market Forecast 2022-2028

United States Smoke Detectors Market Forecast 2022-2028

KEY FINDINGS

The United States smoke detectors market is expected to record a CAGR of 7.11% during the forecast period, 2022-2028. There is a growing demand from the commercial construction sector, since industry products like smoke detectors during the construction phase of commercial projects.

MARKET INSIGHTS

In the United States, the increasing value of private nonresidential construction is linked to the increased demands for fire and smoke alarms in new housing construction. Also, local governments have varied regulations regarding fire & smoke alarms and detectors. Several cities and states require older buildings to undergo retrofitting to comply with updated and new safety standards. Additionally, retrofitting existing multifamily dwellings including town houses and apartments impacts the market share.

Further, international trade is evaluated as another determinant of the fire & smoke alarm manufacturing industry’s performance. At the same time, replacing or installing fire alarm systems in the existing nonresidential structures, including residential dormitories and commercial enterprises, boosts market prospects. Moreover, the market projects a high level of market share competition, entailing a small number of national manufacturers with considerable influence on the overall direction and a number of regional manufacturers serving niche markets.

COMPETITIVE INSIGHTS

Some of the eminent companies include Schneider Electric, Honeywell International Inc, BRK Brands Inc, Google Nest (Google), Carrier Global Corporation, 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