Residential Smoke Detector (Smoke Detector) Market Size Value
Jersey City, New Jersey, October 05, 2021 (GLOBE NEWSWIRE) – Verified Market Research recently published a report, “Residential Smoke Detector Market (Smoke Detectors)”By power source (wired and battery powered), by application (photoelectric smoke detector, ionization smoke detector, dual sensor smoke detector and others) and by geography. According to verified market research, the global residential smoke detector (smoke detector) market size was valued at USD 447.82 million in 2020 and is expected to reach USD 980.59 million by 2028, with a CAGR of 10 , 61% from 2021 to 2028.
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202 – Slips
126 – Tables
37 – Figures
Global Residential Smoke Detector (Smoke Detector) Market Overview
The Residential Smoke Detector (Smoke Detector) market is expected to grow due to the growing awareness among the population about the potential benefits of installing smoke detectors in their homes and due to increasingly stringent government regulations and other organizations, and the implementation of residential systems security standards.
The implementation of fire safety standards in residential apartments is very important because the residential area includes a larger percentage of the population. Thus, the governments of various countries take the initiative to establish strict regulations in the construction of buildings to implement fire safety standards. In addition, the construction industry across the world is growing because in both developed and developing countries the rate of construction is higher due to urbanization and industrial development. Thus, these countries make it compulsory to adopt safety standards during the construction of buildings. Thus increasing the demand for a residential smoke detector.
North America accounted for the largest market share and is expected to grow at a CAGR of 10.35% during the forecast period. This is due to government regulations favoring the mandatory installation of smoke detectors in buildings. For example, US Consumer Product Safety Commission (CPSC) staff participate in voluntary standardization and code activities for smoke detectors. The growing number of fire deaths, particularly in the residential sector, as well as the increase in residential construction in key states such as Texas, Florida and California. This factor increases the demand for smoke detectors in residential areas.
- Honeywell’s VESDA-E VES smoke detectors feature advanced zoning to improve threat identification and reduce losses.
- KIDDE has launched a carbon monoxide (CO) education effort as the 2020 hurricane season approaches a record high for most named storms.
The main players in the market are Honeywell, BRK, X-SENSE, Kidde, Google, Ei Electronics, Sprue Aegis, Smartwares, Hekatron and Busch-jaeger. Our market analysis also includes a section dedicated solely to these major players in which our analysts provide an overview of the financial statements of all major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the aforementioned players globally.
Verified market research segmented the global residential smoke detector (smoke detector) market on the basis of power source, application, and geography.
- Residential Smoke Detector (Smoke Detector) Market, By Power Source
- Residential Smoke Detector (Smoke Detector) Market, By Application
- Photoelectric smoke detector
- Ionization smoke alarm
- Dual sensor smoke detector
- Residential Smoke Detector (Smoke Detector) Market By Geography
- North America
- The rest of europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
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