Smoke Alarms Market: 30% of Growth Coming From Asia Pacific, Commercial & Public Segment Will Matter for Revenue Generation – Technavio – Yahoo Finance | Region & Cash

NEW YORK, July 26, 2022 /PRNewswire/ — The smoke alarm market will continue to grow $461.19 million from 2020 to 2025 according to the latest Technavio market report. The report forecasts that the market will advance at a CAGR of 4.71%. 30% of market growth will come from APAC during the forecast period. China and India are the key markets for smoke detectors in APAC. Market growth in APAC will be faster than market growth in other regions. The presence of strict regulatory requirements and heightened awareness of fire safety compliance in the end-user industries will facilitate the growth of the APAC smoke alarm market during the forecast period.

Technavio has announced its latest market research report, titled Smoke Detectors Market by End-User, Type and Geography – Forecast and Analysis 2021-2025

Technavio has announced its latest market research report, titled Smoke Detectors Market by End-User, Type and Geography – Forecast and Analysis 2021-2025

Further highlights of the regional segment – Request a sample now!

Smoke Detectors Market: Segmentation Analysis

The market research report segments the smoke detectors market by end user (commercial and public, residential and industrial), Type (photoelectric, dual sensor, ionization and others) and Geography (North America, EuropeAPAC, South Americaand MEA).

  • Revenue-generating segment – The market share growth of smoke detectors in the commercial and public segments is important for generating sales. The commercial and public segment includes commercial facilities such as office buildings, shopping malls, multiplexes, data centers, art galleries, warehouses, hotels, motels, and supermarkets, as well as public facilities such as train stations, museums, subway stations, hospitals, government buildings, and airports. The commercial and public sector segment is expected to grow steadily during the forecast period due to the increasing growth in commercial and public buildings as well as the regulations that mandate and underlie the installation of smoke detectors.

  • To know the market contribution of each segment – Click now!

Smoke Alarms Market: Market Dynamics

That increase in housing construction will drive Smoke Detector market size growth. Residential building owners are the primary users of smoke alarms. In recent years, there has been an increasing emphasis on safety measures, mainly due to accidents and related fatalities in residential buildings. As a result, new residential safety guidelines such as NFPA 74 and EN 54-7:2018 have been adopted, mainly in western countries such as the US and UK. Governments in other countries have also started to adopt safety standards for residential buildings. Implementation of sufficient safety measures and compliance with specific safety regulations have been mandated, which has helped the global home security market, including the global residential smoke detector market, remain buoyant.

However, the factors like that Disposal of smoke detectors can hamper market growth. The holistic analysis of the drivers and challenges helps to derive end goals and refine marketing strategies to achieve a competitive advantage.

To learn more about market dynamics – Get a sample now!

Get ready to achieve great business results with this exclusive offer smoke alarm market Report by Technavio. The report will include highlights of the overall market including FAQs such as:

  • What are historical sales figures and estimated sales figures and CAGR during the forecast period?

  • What is the current trend in the market?

  • Which business tactics will influence competitive scenarios and define the growth potential of the market?

  • What are market drivers, restraints, and challenges impacting the demand and growth of the market?

  • Which regions and segments will generate massive sales and become market leaders in the coming years?

The competitive scenario in the smoke alarm market report analyses, evaluates and positions companies based on various performance indicators. Some of the factors considered for this analysis include financial performance of companies in recent years, growth strategies, product innovation, new product launches, investments, market share growth, etc. Don’t wait, strategize and increase your business goals with our Smoke Detector Market Forecast Report – Buy now!

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Market Scope for Smoke Detectors

report coverage

details

page number

120

base year

2020

forecast period

2021-2025

Growth Dynamics & CAGR

Accelerate with a CAGR of 4.71%

Market growth 2021-2025

$461.19 million

market structure

fragmented

YoY Growth (%)

3.97

Regional Analysis

North America, Europe, APAC, South America and MEA

make a market contribution

APAC at 30%

Important consumer countries

USA, Germany, China, Canada and India

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

ABB Ltd., BRK Brands Inc., Carrier Global Corp., Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG and Universal Security Instruments Inc.

market dynamics

Stem Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, Impact of COVID 19 and Future Consumer Dynamics, Market Condition Analysis for Forecast Period,

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

Table of Contents

summary

market landscape

  • market ecosystem

  • Analysis of the value chain

market size

Five Forces Analysis

  • bargaining power of buyers

  • bargaining power of suppliers

  • The threat of new entrants

  • Danger from substitutes

  • threat of rivalry

  • market condition

Market segmentation by end user

  • market segments

  • Comparison by end user

  • Commercial and Public – Market Size and Forecast 2020-2025

  • Residential – market size and forecast 2020-2025

  • Industry – Market Size and Forecast 2020-2025

  • Market opportunity by end users

Market segmentation by type

  • market segments

  • Comparison by type

  • Photoelectric – Market Size and Forecast 2020-2025

  • Dual Sensor Market Size and Forecast 2020-2025

  • Ionization – Market Size and Forecast 2020-2025

  • Others – Market Size and Forecast 2020-2025

  • Market Opportunities by Type

customer landscape

geographic landscape

  • Geographic Segmentation

  • Geographical comparison

  • North America – Market Size and Forecast 2020-2025

  • Europe – Market Size and Forecast 2020-2025

  • APAC – Market Size and Forecast 2020-2025

  • South America – Market Size and Forecast 2020-2025

  • MEA – Market Size and Forecast 2020-2025

  • Important Leading Countries

  • Market Opportunities by Geography

  • market leader

  • market challenges

  • market trends

provider landscape

Vendor Analysis

  • providers covered

  • Market positioning of providers

  • ABB Ltd.

  • BRK Brands Inc.

  • Carrier Global Corp.

  • Hochiki America Corp.

  • Honeywell International Inc.

  • Johnson Controls International Plc

  • Robert Bosch GMBH

  • Schneider Electric SE

  • Siemens AG

  • Universal Security Instruments Inc.

Appendix

About Technavio

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies from 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

contacts

Technavio Research
Jess Maida
Media and Marketing Executive
United States: +1 844 364 1100
UK: +44 203 893 3200
E-mail: media@technavio.com
Website: www.technavio.com/

Technavio (PRNews photo/Technavio)

Technavio (PRNews photo/Technavio)

decision

decision

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