Market Analysis
The smart smoke detector market will touch USD 1,533 million at an 8.2% CAGR between the forecast period
2017- 2023, states the recent Market Research Future (MRFR) analysis. A smart
smoke detector, simply put, has four compartments- alarm system, communication
system, processing unit, and sensors. The sensor helps to monitor the air in
the environment and also detect smoke particles that can cause hazardous
situations through the smart smoke alarm. These security systems have wide
commercial, industrial, and residential applications.
Various factors are propelling the global smart smoke detector market share.
According to the recent MRFR market estimates, such factors include growing
concerns about fire safety, rising adoption of smart devices, increase in fatal
injuries in industrial premises and commercial buildings, the inclination of
customers towards smart buildings, and adoption of IoT and connected
technologies. Additional factors adding market growth include constant
technological advances to overcome the demerits of traditional or conventional
smoke detectors, plentiful benefits such as push notification, smart security,
convenience and safety, and need for advanced infrastructure in industrial,
commercial, and residential sectors.
On the contrary, the high cost incurred in its deployment and
the COVID-19 impact may deter the global smart smoke detector market growth
over the forecast period.
Key Players
Prominent contenders profiled in the global smart smoke
detector market report include Heiman Co. Limited (China), Full Enterprise
Corp. (Taiwan), Nietzsche Enterprise Co. Ltd (Taiwan), The Crow Group (Israel),
Lowe's Companies Inc. (US), Erlab (US), Xtralis Pty Ltd (Ireland), Hanwei
Electronics Group Corporation (China), UIC Corporation (US), Gentex Corporation
(US), Universal Security Instruments Inc. (US), Elgato (Germany), Netatmo
(France), Birdi (US), United Technologies Corporation (US), AMP Security (US),
Honeywell International Inc. (US), BRK Brands Inc. (US), Huawei Technologies
Co. Ltd (China), Roost Inc. (US), Samsung Electronics Co. Ltd (South Korea),
and Nest Labs (US).
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Market Segmentation
The MRFR report highlights an inclusive segmental analysis of
the global smart smoke detector market based on type, service, power source,
connectivity, and end user.
·
By type, the global
smart smoke detector market is segmented into laser smoke detector (LSD),
aspirating smoke detector (ASD), dual sensor detectors (CO and CO2),
photoelectric detectors, and network ionization detectors. Of these,
photoelectric detectors will lead the market over the forecast period.
·
By service, the global
smart smoke detector market is segmented into maintenance and replacement
services, installation services, testing and inspection services, and others.
Of these, the maintenance and replacement services segment will dominate the
market over the forecast period.
·
By power
source, the global smart smoke detector market is segmented into
battery-powered smoke detectors and hard-wired smoke detectors. Of these, the
battery-powered smoke detectors will dominate the market over the forecast
period.
·
By
connectivity, the global smart smoke detector market is segmented into
ZigBee, Bluetooth, Wi-Fi, and others.
·
By end
user, the global smart smoke detector market is segmented into
commercial, industrial, and residential. Of these, the commercial segment will
spearhead the market over the forecast period.
Regional Analysis
By region, the smart smoke detector market covers the growth
opportunity and recent trends across Europe, North America, the Asia Pacific
(APAC), and the Rest of the World (RoW). Of these, North America will spearhead
the market over the forecast period. Rising cases of fire hazards in the United
States, developed infrastructure, demand for smart devices, advances in IoT,
and the presence of a developed infrastructure are adding to the global smart
smoke detector market growth in the region.
In Europe, the smart smoke detector market is predicted to
hold the second-largest share over the forecast period. The region being
well-established and technically advanced is adding to the growth of the
market.
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Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Smart smoke detector Market Segmentation
8. Smart smoke detector Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
Continued...…
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