Latin America Smoke Detector Market 2023-2030
MARKET OUTLOOK
Latin America’s smoke detector market is anticipated to grow, with a CAGR of 9.07% over the forecast years from 2023 to 2030, according to the report by Triton Market Research. Mexico, Brazil, and Rest of Latin America are included in the market in this region.
The Brazilian government intends to serve around 1.6 million low-income families with a housing finance scheme under the Casa Verde e Amarela housing development program. This scheme also offers housing improvement facilities, which is expected to fuel the adoption of smoke detectors.
The oil & gas sector is vulnerable to fires, explosions, and other safety issues. Smoke detectors are largely deployed by the end-users in this sector. Petrobras’ Offshore Oil Field Development project at Jubarte is expected to be completed by the 4th quarter of FY2024. Such developments present opportunities to increase the deployment of smoke detection systems, thus driving the Brazilian market growth.
Argentina is among the key nations studied in the Rest of Latin America region. The Argentine construction industry had witnessed a significant downturn after the outbreak of the COVID-19 pandemic. However, the economic outlook is stabilizing gradually, and the industry is on the path to recovery. In November 2021, the national government announced its plans to invest $310 million in public infrastructure development projects. The growth of the construction sector is thus anticipated to augment the use of smoke detectors in the country. This will consequently drive the smoke detector market growth over the forecasted period.
COMPETITIVE OUTLOOK
The distinguished players in the smoke detector market include BRK Brands Inc (Acquired by Resideo Technologies Inc), Johnson Controls International Plc, ABB Ltd, Huawei Technologies Co Ltd, Google Nest (Google), and Protec Fire and Security Group Ltd.
- 1. Latin America Smoke Detector Market – Summary
- 2. Industry Outlook
- 2.1. Impact Of Covid-19 On The Smoke Detector Market
- 2.2. Market Maturity Analysis
- 2.3. Porter’s Five Forces Analysis
- 2.3.1. Threat Of New Entrants
- 2.3.2. Threat Of Substitutes
- 2.3.3. Bargaining Power Of Buyers
- 2.3.4. Bargaining Power Of Suppliers
- 2.3.5. Threat Of Competitive Rivalry
- 2.4. Market Attractiveness Index
- 2.5. Key Market Strategies
- 2.5.1. Acquisitions
- 2.5.2. Divestitures
- 2.6. Market Drivers
- 2.6.1. Increase In Fire Incidents
- 2.6.2. Increasing Fire Safety Concerns
- 2.6.3. Growing Awareness About The Benefits Of Smoke Detectors
- 2.7. Market Challenges
- 2.7.1. Expensive Smart Smoke Detectors
- 2.7.2. Disadvantages Of Smoke Detectors
- 2.8. Market Opportunities
- 2.8.1. Growing Acceptance Of Smart Smoke Detectors
- 2.8.2. Use Of Laser Smoke Detectors For Early Fire Detection
- 2.9. Analyst Perspective
- 3. Latin America Smoke Detector Market Outlook – By Type
- 3.1. Photoelectric
- 3.2. Ionization
- 3.3. Dual Sensor
- 3.4. Other Types
- 4. Latin America Smoke Detector Market Outlook – By Power Source
- 4.1. Hardwired Smoke Detectors
- 4.2. Battery-powered Smoke Detectors
- 4.3. Others (Hardwired With Battery)
- 5. Latin America Smoke Detector Market Outlook – By End-user
- 5.1. Commercial
- 5.2. Manufacturing
- 5.3. Telecommunication
- 5.4. Residential
- 5.5. Automotive
- 5.6. Oil & Gas
- 5.7. Other End-users
- 6. Latin America Smoke Detector Market – Country Outlook
- 6.1. Country Analysis
- 6.1.1. Brazil
- 6.1.1.1. Brazil Smoke Detector Market Forecast & Prospects
- 6.1.2. Mexico
- 6.1.2.1. Mexico Smoke Detector Market Forecast & Prospects
- 6.1.3. Rest Of Latin America
- 6.1.3.1. Rest Of Latin America Smoke Detector Market Forecast & Prospects
- 7. Competitive Landscape
- 7.1. Brk Brands Inc (Acquired By Resideo Technologies Inc)
- 7.1.1. Overview
- 7.1.2. Portfolio
- 7.1.3. Key Strengths
- 7.1.4. Key Challenge
- 7.2. Ceasefire Industries Pvt Ltd
- 7.2.1. Overview
- 7.2.2. Portfolio
- 7.2.3. Key Strengths
- 7.2.4. Key Challenge
- 7.3. Carrier Global Corporation
- 7.3.1. Overview
- 7.3.2. Portfolio
- 7.3.3. Key Strengths
- 7.3.4. Key Challenge
- 7.4. Abb Ltd
- 7.4.1. Overview
- 7.4.2. Portfolio
- 7.4.3. Key Strengths
- 7.4.4. Key Challenges
- 7.5. Google Nest (Google)
- 7.5.1. Overview
- 7.5.2. Portfolio
- 7.5.3. Key Strengths
- 7.5.4. Key Challenge
- 7.6. Hochiki Corporation
- 7.6.1. Overview
- 7.6.2. Portfolio
- 7.6.3. Key Strengths
- 7.6.4. Key Challenge
- 7.7. Johnson Controls International Plc
- 7.7.1. Overview
- 7.7.2. Portfolio
- 7.7.3. Key Strengths
- 7.7.4. Key Challenge
- 7.8. Honeywell International Inc
- 7.8.1. Overview
- 7.8.2. Portfolio
- 7.8.3. Key Strengths
- 7.8.4. Key Challenge
- 7.9. Huawei Technologies Co Ltd
- 7.9.1. Overview
- 7.9.2. Portfolio
- 7.9.3. Key Strengths
- 7.9.4. Key Challenges
- 7.10. Robert Bosch Gmbh
- 7.10.1. Overview
- 7.10.2. Portfolio
- 7.10.3. Key Strengths
- 7.10.4. Key Challenge
- 7.11. Secom Co Ltd
- 7.11.1. Overview
- 7.11.2. Portfolio
- 7.11.3. Key Strength
- 7.11.4. Key Challenge
- 7.12. Siemens Ag
- 7.12.1. Overview
- 7.12.2. Portfolio
- 7.12.3. Key Strengths
- 7.12.4. Key Challenge
- 7.13. Schneider Electric
- 7.13.1. Overview
- 7.13.2. Portfolio
- 7.13.3. Key Strengths
- 7.13.4. Key Challenge
- 7.14. Protec Fire And Security Group Ltd
- 7.14.1. Overview
- 7.14.2. Portfolio
- 7.14.3. Key Strengths
- 7.14.4. Key Challenge
- 8. Research Methodology & Scope
- 8.1. Research Scope & Deliverables
- 8.2. Sources Of Data
- 8.3. Research Methodology
- List Of Tables
- Table 1: Latin America Smoke Detector Market, By Country Outlook, 2023-2030 (In $ Million)
- Table 2: List Of Acquisitions
- Table 3: List Of Divestitures
- Table 4: Fire Death Rate By Country (Per 100,000)
- Table 5: Latin America Smoke Detector Market, By Type, 2023-2030 (In $ Million)
- Table 6: Latin America Smoke Detector Market, By Power Source, 2023-2030 (In $ Million)
- Table 7: Latin America Smoke Detector Market, By End-user, 2023-2030 (In $ Million)
- Table 8: Latin America Smoke Detector Market, By Country Outlook, 2023-2030 (In $ Million)
- List Of Figures
- Figure 1: Market Attractiveness Index
- Figure 2: Latin America Smoke Detector Market, By Type, 2022 & 2030 (In %)
- Figure 3: Latin America Smoke Detector Market, By Photoelectric, 2023-2030 (In $ Million)
- Figure 4: Latin America Smoke Detector Market, By Ionization, 2023-2030 (In $ Million)
- Figure 5: Latin America Smoke Detector Market, By Dual Sensor, 2023-2030 (In $ Million)
- Figure 6: Latin America Smoke Detector Market, By Other Types, 2023-2030 (In $ Million)
- Figure 7: Latin America Smoke Detector Market, By Power Source, 2022 & 2030 (In %)
- Figure 8: Latin America Smoke Detector Market, By Hardwired Smoke Detectors, 2023-2030 (In $ Million)
- Figure 9: Latin America Smoke Detector Market, By Battery-powered Smoke Detectors, 2023-2030 (In $ Million)
- Figure 10: Latin America Smoke Detector Market, By Others (Hardwired With Battery), 2023-2030 (In $ Million)
- Figure 11: Latin America Smoke Detector Market, By End-user, 2022 & 2030 (In %)
- Figure 12: Latin America Smoke Detector Market, By Commercial, 2023-2030 (In $ Million)
- Figure 13: Latin America Smoke Detector Market, By Manufacturing, 2023-2030 (In $ Million)
- Figure 14: Latin America Smoke Detector Market, By Telecommunication, 2023-2030 (In $ Million)
- Figure 15: Latin America Smoke Detector Market, By Residential, 2023-2030 (In $ Million)
- Figure 16: Latin America Smoke Detector Market, By Automotive, 2023-2030 (In $ Million)
- Figure 17: Latin America Smoke Detector Market, By Oil & Gas, 2023-2030 (In $ Million)
- Figure 18: Latin America Smoke Detector Market, By Other End-users, 2023-2030 (In $ Million)
- Figure 19: Latin America Smoke Detector Market, By Country Outlook, 2022 & 2030 (In %)
- Figure 20: Brazil Smoke Detector Market 2023-2030 (In $ Million)
- Figure 21: Mexico Smoke Detector Market 2023-2030 (In $ Million)
- Figure 22: Rest Of Latin America Smoke Detector Market 2023-2030 (In $ Million)
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