North America Smoke Detector Market 2023-2030
MARKET OUTLOOK
According to Triton’s analysis, the smoke detector market in North America is likely to develop with a CAGR of 7.74% in the estimated period from 2023 to 2030. The United States and Canada are assessed in the market in this region.
Several states and cities in the US have implemented laws that mandate the installation of smoke detectors in homes. Data shows that, almost 3 of every 5 residential fire mortalities are reported in houses with no smoke detectors or no functional smoke detectors.
Thus, the National Fire Alarm and Signaling Code (NFPA 72) mandates smoke detectors and alarms to be installed inside every bedroom, hallway, and on every level of the residential unit. Strict legislation concerning the deployment of smoke detectors supports the growth of the market in the United States.
It has been mandated for all commercial buildings and residential units in Canada to meet the standards of numerous national regulatory codes, including the Provincial Code, the National Building Code (NBC), and the National Fire Code (NFC). As per the NBC, it is compulsory to install smoke detectors in all new housing units, bedrooms, and on every floor of the housing units. Strict regulations pertaining to fire safety are thus driving the growth of the Canadian smoke detector market in the coming years.
COMPETITIVE OUTLOOK
Huawei Technologies Co Ltd, Carrier Global Corporation, Johnson Controls International Plc, ABB Ltd, Protec Fire and Security Group Ltd, Ceasefire Industries Pvt Ltd, and Honeywell International Inc are some of the eminent players in the smoke detector market.
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