Global Smoke Detector Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smoke Detector Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Smoke detectors are utilized for identification of presence of smoke in residential and non-residential buildings. They are mainly mounted on ceilings or walls as the generated smoke mainly travels upwards, being lighter than the indoor air. When the smoke is detected, a smoke alarm is triggered to alert the occupants such that fatalities of life and loss of property is avoided due to fire hazards.

Market Overview:

The latest research study on the global Smoke Detector market finds that the global Smoke Detector market reached a value of USD 1738.07 million in 2022. It’s expected that the market will achieve USD 3518.66 million by 2028, exhibiting a CAGR of 12.47% during the forecast period.

Coronavirus Disease 2020 (COVID-19) Impact Will Have a Severe Impact on Global Growth

To put this number in perspective, global GDP was estimated at around 84.54 trillion U.S. dollars in 2020 – meaning that a 4.5 percent drop in economic growth results in almost 2.96 trillion U.S. dollars of lost economic output. The economic damage caused by the COVID-19 pandemic is largely driven by a fall in demand, meaning that there are less consumers willing to purchase the goods and services available in the global economy. This dynamic could be clearly seen in heavily affected industries such as travel and tourism. To slow the spread of the virus, countries have placed restrictions on travel and many people could not purchase flights for holidays or business trips. This reduction in consumer demand was the reason why airlines lost planned revenue and as a result they had to cut their expenses by reducing the number of flights they operated.

For the smoke detector industry, the 2020 (COVID-19) outbreak has had a disproportionately negative impact on the global manufacturing industry. For example, 2020 (COVID-19) has caused problems with the raw materials and supply chain of this product, and raw materials such as electronic components and plastic parts are difficult to supply due to the blockade policy. At the same time, the disruption of the transportation and logistics industry, the reduction of mining activities, the reduction of business activities, etc., the reduction of business activities in the entire downstream industry of smoke detectors will also have a negative impact on the demand in the downstream market.

Opportunities and Drivers
With the rapid development of the economy and the continuous improvement of the level of urban modernization, the fire factors are also increasing day by day, and the fires are becoming more and more diverse and complex. ; The high concentration of population and material; the wide use of various new materials, new energy, new processes and new technologies; the emergence of various large-scale industrial buildings and special civil buildings; the rapid development of high fire risk industries such as petroleum, chemical, and building materials development, etc. The above factors also make it more difficult to put out a fire in the event of a fire, not only causing huge economic losses, but also frequent casualties. Therefore, improving the construction of fire protection system plays a vital role in preventing fires. As the front-end early warning equipment of fire protection system, Smoke Detector occupies an important position in the entire fire protection product system. With the overall development of the fire protection industry, Smoke Detector will have a huge market space.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Kidde, Siemens AG, BRK with the revenue market share of 25.10%, 9.76%, 7.86% in 2021.

Kidde is the world's leading manufacturer of fire safety products for industry leaders, and firefighters, as well as consumers (residential and commercial smoke alarms, carbon monoxide alarms, fire extinguishers and other life safety products).

Siemens AG is an engineering and manufacturing company. The Company focuses on areas of electrification, automation, and digitalization. Siemens also provides engineering solutions in automation and control, power, transportation, and medical diagnosis.

Segmentation Overview:

Among different product types, Photoelectric Smoke Detector segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Smoke Detector market covered in Chapter 3:

Hochiki Corporation
Nest labs
SECOM CO., LTD.
ABB Group
BRK
Johnson Control
Protec Fire Detection Plc (Robert Bosch GmbH)
Kidde
Siemens AG
Schneider Electric
Honeywell International

In Chapter 4 and Chapter 14.2, on the basis of types, the Smoke Detector market from 2018 to 2029 is primarily split into:

Photoelectric smoke detector
Ionization smoke detector
Dual sensor smoke detector

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smoke Detector market from 2018 to 2029 covers:

Residential
Commercial
Oil, gas & mining
Transportation & logistics
Telecommunications Manufacturing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)