Dublin, Feb. 15, 2023 (GLOBE NEWSWIRE) -- The "Smoke Detectors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Smoke Detectors estimated at US$4.1 Billion in the year 2022, is projected to reach a revised size of US$6.3 Billion by 2030, growing at a CAGR of 5.5% over the analysis period 2022-2030
. Hardwired with Battery Backup, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$3.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Battery Powered segment is readjusted to a revised 5.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 9.1% CAGR
The Smoke Detectors market in the U.S. is estimated at US$1.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 9.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$862.4 Million by the year 2030.
Select Competitors (Total 11 Featured) -
- Hochiki Corporation
- Honeywell International, Inc.
- Johnson Controls, Inc.
- NEC Corporation
- Nest Labs
- Robert Bosch GmbH
- Schneider Electric SA
- Siemens AG
- Tyco International PLC
- United Technologies Corporation (UTC)
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 279 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $4.1 Billion |
| Forecasted Market Value (USD) by 2030 | $6.3 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Commercial Wireless Smoke Detectors
- Aircraft Smoke Detection and Fire Extinguishing System
- Advanced Early Warning Laser Smoke Detection Technology
- Types of Heat and Smoke Detection
- Commercial Fire Alarm Systems Application
- Smoke Detector - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rise in Infrastructural Investments Drives Installation of Smoke Detectors
- Rapid Urbanization Supports Installations of Smoke Detectors
- Smart Phone or Camera-Enabled Device
- IoT Smoke Detectors Devices
- Voice Annunciation Detectors
- Smart Smoke Detectors
- Safety Innovations of Smoke Alarms
- Advancements Enabled by Technology: Smoke Detection & Fire Detection Options
- Fire Safety Technology
- Recovery in Construction Industry and Impact of Fire & Smoke Alarm Manufacturing Industry Revenues
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/4j4ibe-detectors?w=12
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