“Smoke Detector Market Size, Share & Industry Analysis, By Technology Type (Photoelectric, Dual Sensor, Ionization and Others), By Application (Commercial, Industrial and Residential), and Regional Forecast, 2019-2026
”
The global smoke detector market size is projected to reach USD 3,380.8 million by 2026, exhibiting a CAGR of 7.5% during the forecast period. Rising number of fire accident cases across the globe will be a major growth-driving factor for this market, observes Fortune Business Insights™ in its recent report, titled “Smoke Detector Market” Size, Share and Industry Analysis, By Technology Type (Photoelectric, Dual Sensor, Ionization and Others), By Application (Commercial, Industrial and Residential), and Regional Forecast, 2019-2026”. According to a study conducted by Institute for Health Metrics and Evaluation at the University of Washington, fire-related accidents caused nearly 9 million injuries and were responsible for over 120,000 deaths worldwide in 2017. The injuries were highest in the 5 to 30 years age group and burns affecting less than 20% of the body emerged as the leading cause of disability among the heat-associated accident victims. The study further notes that majority of fire injuries occur in low- and middle-income countries. These findings are evidence that greater and more efficient measures need to be implemented to prevent such accidents and this factor is expected to lead the smoke detector market trends in the coming years.
Request a Sample Copy of the Global Market Research Report:https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/smoke-detector-market-102691
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The report states that the value of the market stood at USD 1,904.4 million in 2018. The report additionally provides the following:
Market Driver
Accelerated Pace of Construction Activities Globally to Fuel the Market
One of the key factors fueling the smoke detectors market growth is the heightened pace at which construction activities around the world are being carried out. Data analysis by Oxford Economics and GCP Global forecasts that by 2030 world construction output will hit USD 15.5 trillion, surging at a rate of 85%. Majority of this rise, around 57%, will be accounted for by China, India, and the US, the analysis suggests. To ensure safety of buildings and its inhabitants, adequate fire prevention measures are required and smoke detectors play a vital role in this regard. Not only do they provide a psychological comfort to people within a building, but they also aid in early evacuation in case of fires, thus saving lives and mitigating the possibility of severe injuries. Thus, rising rate of construction across the globe will augur well for this market.
Regional Analysis
Increasing Investment in Infrastructure to Propel North America to a Leading Position
In terms of revenue, North America generated USD 588.5 million in 2018 and the region is anticipated to lead the smoke detector market share during the forecast period. This is mainly attributable to the heavy investments made in the infrastructure sector, strongly backed by the US government. Other than this, spreading awareness about fire safety measures and higher spending capacity of citizens will further propel the market in the region Increasing number of residential and commercial projects in India and China will enable Asia-Pacific to grow at a considerable rate, while the market in Africa will be driven by the rapid pace of urbanization and industrialization.
Order Complete Reporthttps://www.fortunebusinessinsights.com/checkout-page/102691
Competitive Landscape
Introduction of Products with Superior Capabilities to Stimulate Intense Competition
The smoke detector market forecast predicts a highly dynamic period for the market as key players develop and launch advanced products with superior capabilities. Through these launches, companies are aiming at entrenching their position in this market and expanding their global presence.
Industry Developments:
List of Companies Covered in the Smoke Detector Market Report:
Segmentation
1. By Technology Type
2. By Application
3. By Region
Request for Customizationhttps://www.fortunebusinessinsights.com/enquiry/customization/smoke-detector-market-102691
Smoke Detector Market Landscape and Market Scenario Includes:
Important Features that are under Offering and Key Highlights of the Market Report:
Key Features of Smoke Detector Market Research Report:
Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2026. Additionally, rising adoption of e-financial services is expected to boost the global market.
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
For More information on the analysis of this reporthttps://www.fortunebusinessinsights.com/smoke-detector-market-102691
Table of Content
5.Global Smoke Detector Market Analysis, Insights and Forecast,2020-2026
5.1.Key Findings / Summary
5.2.Market Sizing Estimations and Forecasts By Technology Type (Value)
5.2.1.Photoelectric
5.2.2.Dual Sensor
5.2.3.Ionization
5.2.4.Others (ASD, etc.)
5.3.Market Sizing Estimations and Forecasts By Application (Value)
5.3.1.Commercial
5.3.2.Industrial
5.3.3.Residential
5.4.Market Analysis, Insights and Forecast By Geography (Value)
5.4.1.North America
5.4.2.Europe
5.4.3.Asia Pacific
5.4.4.Middle East and Africa
5.4.5.Latin America
6.North America Smoke Detector Market Analysis, Insights and Forecast,2020-2026
6.1.Key Findings / Summary
6.2.Market Sizing Estimations and Forecasts By Technology Type (Value)
6.2.1.Photoelectric
6.2.2.Dual Sensor
6.2.3.Ionization
6.2.4.Others (ASD, etc.)
6.3.Market Sizing Estimations and Forecasts By Application (Value)
6.3.1.Commercial
6.3.2.Industrial
6.3.3.Residential
6.4.Market Analysis, Insights and Forecast By Country (Value)
6.4.1.U.S
6.4.2.Canada
7.Europe Smoke Detector Market Analysis, Insights and Forecast,2020-2026
7.1.Key Findings / Summary
7.2.Market Sizing Estimations and Forecasts By Technology Type (Value)
7.2.1.Photoelectric
7.2.2.Dual Sensor
7.2.3.Ionization
7.2.4.Others (ASD, etc.)
7.3.Market Sizing Estimations and Forecasts By Application (Value)
7.3.1.Commercial
7.3.2.Industrial
7.3.3.Residential
7.4.Market Analysis, Insights and Forecast By Country (Value)
7.4.1.U.K.
7.4.2.Germany
7.4.3.France
7.4.4.Rest of Europe
8.Asia Pacific Smoke Detector Market Analysis, Insights and Forecast,2020-2026
8.1.Key Findings / Summary
8.2.Market Sizing Estimations and Forecasts By Technology Type (Value)
8.2.1.Photoelectric
8.2.2.Dual Sensor
8.2.3.Ionization
8.2.4.Others (ASD, etc.)
8.3.Market Sizing Estimations and Forecasts By Application (Value)
8.3.1.Commercial
8.3.2.Industrial
8.3.3.Residential
8.4.Market Analysis, Insights and Forecast By Country (Value)
8.4.1.Japan
8.4.2.China
8.4.3.India
8.4.4.Southeast Asia
8.4.5.Rest of Asia Pacific
9.Middle East and Africa Smoke Detector Market Analysis, Insights and Forecast,2020-2026
9.1.Key Findings / Summary
9.2.Market Sizing Estimations and Forecasts By Technology Type (Value)
9.2.1.Photoelectric
9.2.2.Dual Sensor
9.2.3.Ionization
9.2.4.Others (ASD, etc.)
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
https://www.fortunebusinessinsights.com/smoke-detector-market-102691
(Have a Look at Reports Trending in “Machinery and Equipment” Industry)
View Related Reports:
Industrial Racking Systems Market anticipated to reach USD15,186.1 Mn by 2026
Pull Out/Down Kitchen Faucets Market anticipated to reach USD 2,954.3 Mn by 2026
Pallets Market Size expected to reach USD 88.69 Bn by 2026
About us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390UK: +44 2071 939123APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.comFortune Business Insights™LinkedIn | Twitter | Blogs
Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit “Covid-19 Impact on Global Smoke Detector market Growth Opportunities 2020-2026, Business Investment with Leading Companie? Fortune Business Insights “