Leading Smoke Detector Country Markets Databank
The Smoke Detector market was valued at $1,900.0 Million in 2020, and is projected to reach $3,320.1 Million by 2029 growing at a CAGR of 6.44% from 2021 to 2029. Asia-Pacific is expected to be the highest contributor to this market, with $767.6 Million in 2020, and is anticipated to reach $1,460.9 Million by 2029, registering a CAGR of 7.45%. Asia-Pacific and Europe collectively expected to account for about 69.1% share of the Smoke Detector market in 2020, with the former constituting around 40.4% share. Asia-Pacific and North America are expected to witness significant growth rates at a CAGR of 7.45% and 6.24% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 66.7% in the overall Smoke Detector market in 2020, and is anticipated to reach 69.9% by 2029.
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