Global Smoke Detector Market 2024–2033

Reports Description

As per the current market research conducted by CMI Team, the Global Smoke Detector Market is expected to record a CAGR of 8.6% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 2.38 Billion. By 2032, the valuation is anticipated to reach USD 4.70 Billion.

Smoke Detector Market: Overview

A smoke detector is an appliance that detects smoke as a signal of a fire. Smoke can be identified visually (photoelectric) or physically (ionization). Detectors may employ either one or both sensing mechanisms. Smoking in prohibited locations may be detected and discouraged using sensitive alarms. In big commercial and industrial buildings, smoke detectors are typically linked to a central fire suppression system.

Residential smoke detectors, also termed smoke alarms, often emit an audible or visual signal from the detector itself or numerous detectors if several devices are interconnected. Individual battery-powered smoke detectors to numerous interconnected devices with battery backup are available in the home. If any of the interconnected units senses smoke, alarms will sound at all of them. The alarm continues even if the electricity goes off in the house.

Smoke Detector Market: COVID–19 Impact Analysis

The outbreak of the COVID-19 disease negatively impacted economic activities across the globe. The rapid spread of the disease resulted in shortages in the supply of raw materials, lack of labour, and halts in manufacturing facilities.

The lockdown measures adopted by the government across the globe to curb the spread of the COVID-19 disease resulted in partial or complete closure of production facilities. The lockdown restrictions negatively impacted the construction sector, which subsequently hampered the demand for smoke detectors across the globe.

The lack of raw materials in the construction sector and other associated challenges that arose due to the outbreak of the COVID-19 pandemic delayed the completion of residential and non-residential real estate projects, which indirectly hampered the growth of the smoke detectors during 2020.

Moreover, the supply chain disruptions due to the closure of national and international boundaries further contributed to the decrease in demand for smoke detectors across the globe. The construction output fell by around 3.0% in 2020, globally.

Global Smoke Detector Market: Growth Drivers

Technological advancements in smoke alarms

Technological advances are one of the important aspects that help to entice the interest of the consumer and encourage them to go for the new advanced product. Currently, a false alarm is one of the biggest technological glitches that is creating confusion in the mind of consumers and misguiding them.

As a result, manufacturers have considered the building’s surroundings and what creates false alarms, leading to the creation of multi-sensor systems. To trigger an alert situation, multi-sensor detection employs dual criteria. Photoelectric and thermal components are combined in a dual-criteria sensor. It may alter the alarm thresholds dynamically in response to changes in the environment.

In addition to the provision of a multi-sensor detector, the producers have produced a quad criteria detector, a one-of-a-kind detector capable of detecting all four key aspects of a fire. This sophisticated sensor detects carbon monoxide, infrared, photoelectric, and thermal aspects of combustion and has been shown to decrease false alerts.

The introduction of technological advancement is expected to increase the sales and adoption of smoke detectors, which is expected to fuel market growth.

Global Smoke Detector Market: Segmentation Analysis

The smoke detector market is segmented based on technology, end-use, and region. On the basis of technology, it is segmented into photoelectric, dual, and ionization. On the basis of end use, it is segmented into commercial, industrial, and residential.

According to global smoke detector market analysis, based on technology, the ionization segment gained a major share in the Global market in 2021 and is expected to sustain its market share during the forecast period as the Ionization smoke detectors detect ions, or charged particles, in the atmosphere.

When smoke reaches the detector, it disturbs the flow of ions, causing the alarm to sound. It is readily available in the market and major smoke detector manufacturers are using ionization technology as consumer knowledge of ionization technology is high compared to others.

According to global smoke detector market trends, based on end-user, the commercial segment gained a major share in the market in 2021 and is expected to sustain its market share during the forecast period. Commercial property requires the need for safeguarding property from manmade accidents is a crucial factor as it helps to continue the flow of operations smoothly.

Additionally, food preparation using stoves and ovens is the main cause of fires in commercial buildings including hotels, restaurants, and cafés, while electrical failures are a major contributor to fire incidents in shopping malls. Therefore, the requirement of installing smoke detectors is mandatory in the commercial site to ensure proper safety is maintained.

According to global smoke detector market trends, based on region, North America gained a major share of the market in 2021 and is expected to sustain its market share during the forecast period. The commercial industry & industrial sector in the U.S. is an important sector in the North American market and holds a major share of the country’s economy.

With the development of residential and commercial properties, the need for fire safety solutions is also increasing. The increasing growth of food & beverages, oil & gas, materials & chemicals, and other industries in the North American region is creating a platform for the growth of smoke detectors as product knowledge and product requirement is increasing in the market.

Report Scope

Key Insights:

• Based on technology segmentation, the ionization segment is estimated to hold the largest market share during the forecast period.
• Based on end-use, the commercial segment is the leading revenue-generating category during the forecast period.
• Based on region, North America is the leading revenue-generating region during the forecast period.

Recent Development

• Johnson Controls introduced the 700 Series Functional fire detectors in March 2021. These are the most recent fire detectors that are microprocessor-based conventional and properly monitor and respond to building fire situations.
• Honeywell Inc. announced a relationship with Sine Group, an Adelaide, Australia-based technology and software as service company that provides mobile-friendly supply chain solutions as well as visitor management and workplace solutions, in December 2020.

Region Landscape

Throughout the projection period, North America is likely to remain one of the most appealing regions, accounting for a prominent share of market revenue. U.S. is an important region in the North American market and the construction industry holds a major share of the country’s economy.

The need for fire protection solutions is growing in tandem with the expansion of residential and commercial structures. The rising expansion of global food and beverage, oil and gas, materials and chemicals, and other industries is establishing a platform for the growth of smoke detectors as product knowledge and product demand expand in the market.

Consumers are becoming more interested in the market’s dual-sensor and photoelectric smoke detectors, which is leading them to transition from traditional smoke detectors to smart smoke detectors for use and boosting workplace safety.

Competitive Landscape

Our report offers both quantitative and qualitative insights into the smoke detector market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

List of the prominent players in the Global smoke detector market:

• Hochiki Corporation
• Johnson Controls
• Siemens AG
• Honeywell International Inc.
• Bosch Security & Safety Systems
• GENTEX Corporation
• Schneider Electric
• Ceasefire Industries Pvt. Ltd
• BRK Brands Inc.
• ABB Group
• Others

The Global smoke detector market is segmented as follows:

Based on Power Source

• Battery-Powered
• Hardwired With Battery Backup
• Hardwired Without Battery Backup

Based on Type

• Photoelectric Smoke Detectors
• Ionization Smoke Detectors
• Dual-Sensor Smoke Detectors
• Beam Smoke Detectors
• Other Types

Based on Service

• Engineering Services
• Installation & Design Services
• Maintenance Services
• Managed Services
• Other Services

Based on Distribution Channel

• Online
• Offline

Based on End-Use Industry

• Commercial
• Residential
• Manufacturing
• Oil, Gas, & Mining
• Transportation & Logistics
• Telecommunications
• Other End-Use Industries

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America