Smoke Detectors Market Size, Share, Forecast, & Trends Analysis by Offering, Power Source, End User & Geography

Description

List of Tables

Global Smoke Detectors Market by Offering (Hardware, Services), Power Source (Battery Powered, Hardwired w/o Battery Backup, Others), End User (Commercial, Industrial, Residential, Public Sector) & Geography-Forecast to 2031

The research report titled, 'Global Smoke Detectors Market by Offering (Hardware, Services), Power Source (Battery Powered, Hardwired w/o Battery Backup, Others), End User (Commercial, Industrial, Residential, Public Sector) & Geography-Forecast to 2031', provides in-depth analysis of smoke detectors market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The smoke detectors market is projected to reach $4.8 billion by 2031, at a CAGR of 7.9% from 2024 to 2031. The growth of the smoke detectors market is driven by the advancements in smoke detection technology and growing investment in smart building projects. However, the high installation cost is a factor restraining the growth of this market.

Furthermore, the stringent government regulations regarding fire safety and the growing initiatives for educating end users about fire safety programs are expected to generate growth opportunities for the stakeholders in this market. However, incidents of false alarms are a major challenge impacting market growth. Additionally, the integration of IoT in fire safety systems and the emergence of aspirating smoke detection systems are prominent trends in the smoke detectors market.

The global smoke detectors market is segmented by offering (hardware (ionization smoke detectors, photoelectric smoke detectors, and dual-sensor smoke detectors) and services (installation services, maintenance & testing services, and engineering services)), power sources (battery powered, hardwired w/o battery backup, and hardwired with battery backup), and end user (residential, commercial (retail, corporate offices, hospitality, education, healthcare, and other commercial end users), public sector (offices, transit hub, museums, & stadiums, and other public sector end users), and industrial (automotive, oil & gas, power generation, manufacturing, chemical & pharmaceutical, aerospace, and other industrial end users)). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on offering, the global smoke detectors market is broadly segmented into hardware and software. In 2024, the hardware segment is expected to account for the larger share of over 86.0% of the global smoke detectors market. The segment's large market share is mainly attributed to growing advancements in smoke detection technology, allowing for a coordinated response to fire incidents, a rise in the adoption of battery-powered smoke detectors, and increased focus of market players on product development with smart features. For instance, in June 2024, Kidde (U.S.), a part of Carrier Global Corporation, launched three new HomeSafe-enabled devices. These additional smart detection products can provide instant notification of home safety threats such as smoke, carbon monoxide (CO), and indoor air quality (IAQ) issues.

Based on power source, the global smoke detectors market is segmented into battery-powered, hardwired w/o battery backup, and hardwired with battery backup. In 2024, the hardwired with battery backup segment is expected to account for the largest share of 38.0% of the global smoke detectors market. The segment's large share is mainly attributed to its ability to always be functional, even during a power outage, and increased adoption of hardwired with battery backup smoke detectors in multi-level homes, apartment buildings, and commercial structures.

Moreover, the hardwired battery backup segment is expected to record the highest CAGR during the forecast period. This segment's growth is mainly driven by its functionality to detect smoke or fire and trigger all the detectors in the system simultaneously, as well as the growing integration of hardwired battery backup smoke detectors with fire alarm systems.

Based on end user, the global smoke detectors market is segmented into residential, commercial, public sector, and industrial. In 2024, the industrial segment is expected to account for the largest share of over 40.0% of the global smoke detectors market.

Moreover, the commercial segment is expected to record the highest CAGR during the forecast period. The growth of this segment is mainly driven by growing urbanization, the growing need to safeguard laborers and employees at workplaces, the growing adoption of wireless smoke detectors with compact and streamlined designs for more appealing aesthetics, the growing use of fire alarm systems with remote monitoring capabilities at commercial spaces and increased focus of market players on the product development for commercial space. For instance, in March 2024, Kidde Commercial (U.S.), a part of Carrier Global Corporation, launched the new Kidde Commercial 2X-A, 2X-AT, and Excellence Series Solution, which offers technologies and features to help better protect workplaces and people from fire and smoke.

Based on geography, the smoke detectors market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of over 36.0% of the global smoke detectors market. The large market share of this region is attributed to stringent safety regulations, increased adoption of smart factories and industrial 4.0, increased manufacturing facilities across the region, and safety standards and regulations set by governments.

Moreover, Asia-Pacific is projected to register the highest CAGR of 9.0% during the forecast period. The growth of this region is attributed to growing industrialization & urbanization, growing technological advancements in the smart home market, and increasing in infrastructural and real estate projects.

Key Players:

The key players operating in the smoke detectors market are Emerson Electric Co. (U.S.), Honeywell International Inc. (U.S.), Johnson Controls International plc (Ireland), Schneider Electric SE (France), ABB Ltd (Switzerland), Siemens AG (Germany), Carrier Global Corporation (U.S.), Gentex Corporation (U.S.), Robert Bosch GmbH (Germany), Analog Devices, Inc. (U.S.), Mircom Group of Companies (Canada), BRK Brands, Inc. (U.S.), HOCHIKI Corporation (Japan), Protec Fire and Security Group Ltd (U.K.), and Apollo Fire Detectors Ltd. (U.K.).

Key questions answered in the report-

Which are the high-growth segments in the smoke detectors market based on offering, power source, and end user?
What was the historical market size for smoke detectors across the globe?
What are the market forecasts and estimates for the period 2024-2031?
What are the major drivers, restraints, and opportunities in the smoke detectors market?
Who are the major players, and what shares do they hold in the smoke detectors market?
What is the competitive landscape like in the smoke detectors market?
What are the recent developments in the smoke detectors market?
What are the different strategies adopted by the major players in the smoke detectors market?
What are the key geographic trends, and which are the high-growth countries in the smoke detectors market?
Who are the local emerging players in the global smoke detectors market, and how do they compete with the other players?

Scope of the report:

Smoke Detectors Market Assessment-by Offering

Hardware
- Ionization Smoke Detectors
- Photoelectric Smoke Detectors
- Dual-sensor Smoke Detectors
Services
- Installation Services
- Maintenance & Testing Services
- Engineering Services

Smoke Detectors Market Assessment-by Power Source

Battery Powered
Hardwired w/o Battery Backup
Hardwired with Battery Backup

Smoke Detectors Market Assessment-by End User

Residential
Commercial
- Retail
- Corporate Offices
- Hospitality
- Education
- Healthcare
- Other Commercial End Users
Public Sector
- Offices
- Transit Hub
- Museums & Stadiums
- Other Public Sector End Users
Industrial
- Automotive
- Oil & Gas
- Power Generation
- Manufacturing
- Chemical & Pharmaceutical
- Aerospace
- Other Industrial End Users

Smoke Detectors Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Sweden
- Switzerland
- Netherlands
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Malaysia
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- Israel
- UAE
- Rest of Middle East & Africa

Product Code: MRSE - 1041147

1. Introduction

1.1 Market Definition & Scope
1.2 Currency & Limitations
- 1.2.1 Currency
- 1.2.2 Limitations

2. Research Methodology

2.1 Research Approach
2.2 Process of Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3 Market Sizing and Forecast
- 2.3.1 Market Size Estimation Approach
- 2.3.2 Growth Forecast
2.4 Assumptions for the Study

3. Executive Summary

3.1 Overview
3.2 Market Analysis, by Offering
3.3 Market Analysis, by Battery Source
3.4 Market Analysis, by End User
3.5 Market Analysis, by Geography
3.6 Competition Analysis

4. Market Insights

4.1 Overview
4.2 Factors Affecting Market Growth
- 4.2.1 Drivers
  - 4.2.1.1 Advancements in Smoke Detection Technology
  - 4.2.1.2 Growing Investment in Smart Building Projects
- 4.2.2 Restraints
  - 4.2.2.1 High Installation Cost
- 4.2.3 Opportunities
  - 4.2.3.1 Stringent Government Regulations Regarding Fire Safety
  - 4.2.3.2 Growing Initiatives for Educating End Users about Fire Safety Programs
- 4.2.4 Challenges
  - 4.2.4.1 Incidents of False Alarms
4.3 Key Trends
- 4.3.1 Integration of IoT in Fire Safety Systems
- 4.3.2 Emergence of Aspirating Smoke Detection Systems
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of Substitutes
- 4.4.4 Threat of New Entrants
- 4.4.5 Degree of Competition
4.5 Vendor Selection Criteria/Factors Influencing Buying Decisions
4.6 Value Chain Analysis

5. Smoke Detectors Market Assessment-by Offering

5.1 Overview
5.2 Hardware
- 5.2.1 Ionization Smoke Detectors
- 5.2.2 Photoelectric Smoke Detectors
- 5.2.3 Dual-sensor Smoke Detectors
5.3 Services
- 5.3.1 Installation Services
- 5.3.2 Maintenance & Testing Services
- 5.3.3 Engineering Services

6. Smoke Detectors Market Assessment-by Power Source

6.1 Overview
6.2 Battery Powered
6.3 Hardwired w/o Battery Backup
6.4 Hardwired with Battery Backup

7. Smoke Detectors Market Assessment-by End User

7.1 Overview
7.2 Residential
7.3 Commercial
- 7.3.1 Retail
- 7.3.2 Corporate Offices
- 7.3.3 Hospitality
- 7.3.4 Education
- 7.3.5 Healthcare
- 7.3.6 Other Commercial End Users
7.4 Public Sector
- 7.4.1 Offices
- 7.4.2 Transit Hub
- 7.4.3 Museams, & Stadiums
- 7.4.4 Other Public Sector End Users
7.5 Industrial
- 7.5.1 Automotive
- 7.5.2 Oil & Gas
- 7.5.3 Power Generation
- 7.5.4 Manufacturing
- 7.5.5 Chemical & Pharmaceutical
- 7.5.6 Aerospace
- 7.5.7 Other Industrial End User

8. Smoke Detectors Market Assessment-by Geography

8.1 Overview
8.2 Europe
- 8.2.1 U.K.
- 8.2.2 Germany
- 8.2.3 France
- 8.2.4 Italy
- 8.2.5 Spain
- 8.2.6 Sweden
- 8.2.7 Switzerland
- 8.2.8 Netherlands
- 8.2.9 Rest of Europe
8.3 Asia Pacific
- 8.3.1 China
- 8.3.2 Japan
- 8.3.3 India
- 8.3.4 South Korea
- 8.3.5 Singapore
- 8.3.6 Australia
- 8.3.7 Malaysia
- 8.3.8 Rest of Asia Pacific
8.4 North America
- 8.4.1 U.S.
- 8.4.2 Canada
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 Middle East & Africa
- 8.6.1 Israel
- 8.6.2 UAE
- 8.6.3 Rest of Middle East & Africa

9. Competition Analysis

9.1 Overview
9.2 Key Growth Strategies
9.3 Competitive Benchmarking
9.4 Competitive Dashboard
- 9.4.1 Industry Leaders
- 9.4.2 Market Differentiators
- 9.4.3 Vanguards
- 9.4.4 Emerging Companies
9.5 Market Ranking, by Key Players

10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

10.1 Emerson Electric Co.
10.2 Honeywell International Inc.
10.3 Johnson Controls International plc
10.4 Schneider Electric SE
10.5 ABB Ltd
10.6 Siemens AG
10.7 Carrier Global Corporation
10.8 Gentex Corporation
10.9 Robert Bosch GmbH
10.10 Analog Devices, Inc.
10.11 Mircom Group of Companies
10.12 BRK Brands, Inc.
10.13 HOCHIKI Corporation
10.14 Protec Fire and Security Group Ltd
10.15 Apollo Fire Detectors Ltd.

(Note: SWOT analysis of the top 5 companies will be provided.)

11. Appendix

11.1 Available Customization
11.2 Related Reports