GLOBAL SMOKE DETECTORS MARKET GLOBAL OPPORTUNITY AND FORECAST 2023

SMOKE DETECTORS ANALYST REVIEW Europe is expected to witness a significant demand for smoke detectors owing to the increasing and compulsory installations of smoke detectors in all residential buildings as per the government regulations. Vineet Kumar Research Manager, C&M and ICT

CURRENT AND FUTURE MARKET SCENARIO The global smoke detectors market was valued at from $1,594 million in The global smoke detectors market is expected to reach $2,602 million by The global smoke detectors market registering a CAGR of 8.5% from 2017 to Global smoke detectors market is expected to grow at the CAGR of 8.5% during the forecast period, thereby expanding the opportunities for global smoke detectors industry. The dual sensor smoke detectors segment is expected to witness the highest CAGR as compared to other product types.

TOP IMPACTING FACTORS TO MARKET GROWTH Increase in Infrastructural Investments. The rise in number of constructions initiate the increase in concern for fire safety measures, thereby boosting the demand for global smoke detectors industry. Growth in Industrialization. Rapid industrialization across all regions is expected to boost the global smoke detectors industry. Rapid Population Growth & Urbanization. The population growth globally is attributed to increase in urbanization, acceleration in migration, and change in fertility rates. Complications of Smoke Detectors. Smoke detectors are not designed to function in places of extreme heat or cold, dust, and in places where smoke is usually detected to avoid unnecessary detection.

SMOKE DETECTORS MARKET SEGMENTATION Get PDF Sample BY PRODUCT Optical Sensor Smoke Detector Photoelectric Smoke Detector Dual Sensor Smoke Detector Others BY END-USER INDUSTRY Commercial Manufacturing Telecommunication Residential Oil, gas, and mining Others

DOMINATING SEGMENTS DUAL SENSOR SMOKE DETECTORS SEGMENT PHOTOELECTRIC SMOKE DETECTORS SEGMENT The dual sensor smoke detectors segment is expected to witness the highest CAGR as compared to other product types. The photoelectric smoke detectors segment is expected to generate the maximum revenue in the global market during the forecast period.

GEOGRAPHICAL OVERVIEW Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America is expected to be the highest revenue contributor with $572 million in 2017, and is estimated to reach $904 million by 2023, growing at a CAGR of 8%.

DOMINATING MARKET PLAYERS Ceasefire Industries Pvt. Ltd Hochiki Corporation Honeywell International Johnson Control Nest labs Protec Fire Detection Plc Robert Bosch SECOM CO., LTD Schneider Electric Siemens AG United Technologies Corporation

A Report Titled “Smoke Detectors Market- Opportunities And Forecasts, 2017– 2023” has been recently published by Allied Market Research. It makes an In-depth Analysis of current trends, drivers, and restraining factors that affect Financial Ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from Stakeholder’s Perspective. To Know More About Smoke Detectors Market- Opportunities and Forecasts Get PDF Sample Copy Follow Allied Market Research

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