Smoke Detector Market to Register 7.5% CAGR till 2026; Rising Demand for Smart Fire Alarms in Industrial Plants to Bolster Market Opportunities: Fortune Business Insights™

Top Players in Smoke Detector Market are Microsoft, Cisco Systems, Inc., BlackBerry Limited, Infosys Limited, IBM Corporation, SAP SE, Honeywell International Inc, Capgemini, Accenture, HCL Technologies Limited, Oracle Corporation


Pune, India, April 08, 2021 (GLOBE NEWSWIRE) -- The worldwide smoke detector market size is projected to arrive at USD 3,380.8 million by 2028, displaying a CAGR of 7.5% during the conjecture time frame. The rising number of fire mishap cases across the globe will be a significant development driving element for this market, notices Fortune Business Insights™ in its new report, named "Smoke alarm Market" Size, Share and Industry Analysis, By Technology Type (Photoelectric, Dual Sensor, Ionization and Others), By Application (Commercial, Industrial and Residential), and Regional Forecast, 2021-2028". As per an investigation led by the Institute for Health Metrics and Evaluation at the University of Washington, fire-related mishaps caused almost 9 million wounds and were answerable for more than 120,000 passings worldwide in 2021. The wounds were most elevated in the 5 to 30 years age gathering and consume influencing under 20% of the body arose as the main source of incapacity among the warmth-related mishap casualties. The examination further notes that most fire wounds happen in low-and center pay nations. These discoveries are proof that more noteworthy and more effective estimates should be actualized to forestall such mishaps and this factor is relied upon to lead the smoke alarm market patterns in the coming years.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

Please visit:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreaks across industries to help you prepare for the future.

The report states that the value of the market stood at USD 1,904.4 million in 2021. The report additionally provides the following:

  • A comprehensive evaluation of the current and expected market trends and opportunities;
  • Careful segmentation of the market and thorough study of the individual segments;
  • In-depth analysis of the market drivers and restraints; and
  • Detailed research into the regional and competitive dynamics of the market.

Market Driver

Accelerated Pace of Construction Activities Globally to Fuel the Market

One of the key factors fueling the smoke detectors market growth is the heightened pace at which construction activities around the world are being carried out. Data analysis by Oxford Economics and GCP Global forecasts that by 2030 world construction output will hit USD 15.5 trillion, surging at a rate of 85%. The majority of this rise, around 57%, will be accounted for by China, India, and the US, the analysis suggests. To ensure the safety of buildings and its inhabitants, adequate fire prevention measures are required and smoke detectors play a vital role in this regard. Not only do they provide psychological comfort to people within a building, but they also aid in early evacuation in case of fires, thus saving lives and mitigating the possibility of severe injuries. Thus, the rising rate of construction across the globe will augur well for this market.

Request a Sample Copy of the Global Market Research Report:

Regional Analysis

Increasing Investment in Infrastructure to Propel North America to a Leading Position

In terms of revenue, North America generated USD 588.5 million in 2021 and the region is anticipated to lead the smoke detector market share during the forecast period. This is mainly attributable to the heavy investments made in the infrastructure sector, strongly backed by the US government. Other than this, spreading awareness about fire safety measures and higher spending capacity of citizens will further propel the market in the region Increasing number of residential and commercial projects in India and China will enable Asia-Pacific to grow at a considerable rate, while the market in Africa will be driven by the rapid pace of urbanization and industrialization.

Competitive Landscape

Introduction of Products with Superior Capabilities to Stimulate Intense Competition

The smoke detector market forecast predicts a highly dynamic period for the market as key players develop and launch advanced products with superior capabilities. Through these launches, companies are aiming at entrenching their position in this market and expanding their global presence.

Industry Developments:

  • September 2021: Bosch, the German engineering giant, launched the Smart Home Twinguard, the company’s newest smart fire protection system. The system can be linked to smoke alarm devices and has embedded within it an alarm siren for burglaries and an air quality sensor. In case of fire, the device will activate all cameras in the house and can be integrated with Bosch Smart Home System.
  • August 2021: The American MNC Honeywell International unveiled the VESDA-E VES Smoke Detectors, its advanced smoke detection system featuring zoning capabilities. The aspirating fire detectors enable the division of the concerned areas into four zones that will ensure early detection of threats and send out early warning signals to the residents. Moreover, the system also is designed to reduce the overall cost of ownership.

Request for Customization

List of Companies Covered in the Smoke Detector Market Report:

  • Nest
  • United Technology Corporation
  • Huawei
  • Robert Bosch
  • Honeywell International Inc.
  • Hochiki Corp.
  • ABB
  • Schneider Electric
  • Siemens
  • Johnson Controls

Quick Buy -:

Table of Content

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends of Market
  • Key Insights
    • Macro and Micro Economic Factors
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
  • Global Smoke Detector Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Sizing Estimations and Forecasts – By Technology Type (Value)
      • Photoelectric
      • Dual Sensor
      • Ionization
      • Others (ASD, etc.)
    • Market Sizing Estimations and Forecasts – By Application (Value)
      • Commercial
      • Industrial
      • Residential
    • Market Analysis, Insights and Forecast – By Geography (Value)
      • North America
      • Europe
      • Asia Pacific
      • The Middle East and Africa
      • Latin America

TOC Continued…!

Speak To Our Analyst- 

Have a Look at Related Research Insights:

Automated Guided Vehicle (AGV) Market Size, Share & COVID-19 Impact Analysis, By Type (Tow Vehicles, Automated Forklift Trucks, Underride/ Tunnelling Vehicles, Assembly Line Vehicles & Others), By Navigation Technology (Laser Guided, Magnetic Guided, Vision Guided, and Others), By Application (Transportation & Distribution, Storage & Assembly, Packaging), By Industry (Automotive, Food & Beverage, E-Commerce) and Regional Forecast, 2020-2027

Energy Recovery Ventilators (ERV) Market Size, Share & Industry Analysis, By Type (Wall-mount, Ceiling-mount, Cabinet), By Application (Residential, Commercial, Others) and Regional Forecast, 2020-2027

Industrial Mezzanines Market Size, Share & Industry Analysis, By Type (Prefabricated, Structured, Free-standing, Perimeter), By Number of Storey (Single – level, Multilevel), By Application (Processing Plants, Industrial Facilities and Warehouse, Distribution Center, Retails Stores, Office buildings), and Regional Forecast, 2019-2026

Electrodynamic Shaker Systems Market Size, Share & COVID-19 Impact Analysis, By Product Type (Air Cooled System and Water Cooled System), By Application (Automotive, Aerospace, Military & Defense, Consumer Electronics, Education & Research and Others), and Regional Forecast, 2021-2028

Cooling Towers Market Size, Share & Covid-19 Impact Analysis, By Type (Wet Towers, Dry Towers, and Hybrid Towers), By Application (Chemicals & Petrochemicals, Pharmaceutical, Power Generation, HVAC, Food & Beverages and Others), and Regional Forecast, 2020-2027

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants uses industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Read Press Release