Smoke Detector Market worth 2.52 Billion USD by 2022

1. Smoke Detector Market worth 2.52 Billion USD by 2022 The smoke detector market is expected to grow from USD 1.31 Billion in 2015 to USD 2.52 Billion by 2022, at a CAGR of 9.2% between 2016 and 2022. The base year considered for the study is 2015 and the forecast period is between 2016 and 2022. The market is driven by factors such as increasing number of government mandate policies to install smoke detector in residential sector, increased fire related expenditure of various enterprises and rise in deaths & loss of properties, and technological advancements have created higher level application for smoke detector. Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=162940771 The market is driven by factors such as increasing number of government mandate policies to install smoke alarms in residential sector, increased fire-related expenditure of various enterprises, and rise in deaths & loss of properties, and technological advancements have created higher level application for smoke detectors. Smoke detector manufacturers are investing significantly in R&D that would lead to innovative and efficient fire protection products. The scope of this report covers the smoke detector market based on power source, product, service, end-user industry, and geography. The commercial sector held the largest size of the market in 2015, and is highly regulated sector for market. The smoke detectors installed in commercial space are regulated by EN54, UL268, CCCF and others. The manufacturing sector is also growing significantly owing to the need to safeguard human lives and properties as well as to avoid production halt. There are many fire incidents which have not only caused deaths of many employees but have also damaged properties. The government and industrial associations are making it mandatory for manufacturers to install smoke alarms, which can cater to the needs of the manufacturing sector. The increase in the number of government mandate policies in developed economies to

2. install smoke alarms at homes and rapid development in the residential construction across the world is attributing to the high growth of the smoke alarms market for the residential sector. Fig. On the basis of product, the market has been segmented into photoelectric, ionization, dual sensor, and others. The cause of death from fire burns is mostly from smoldering fires; the instance of fire can only be detected by photoelectric or dual sensors, therefore the market for smoke detectors is expected to show a momentum. The market for ionization detectors has a low growth rate because they frequently give false alarms. Also, since ionization detectors contain radioactive materials their disposal creates additional issues. Key Target Audience: Raw material and manufacturing equipment suppliers Electronic design automation (EDA) and design tool vendors Integrated device manufacturers (IDMs) Smoke detector technology platform developers Smoke detectors semiconductor device manufacturers Component manufacturers Product manufacturers (ODMs) Original equipment manufacturers (OEMs) ODM and OEM technology solution providers

3. Assembly, testing, and packaging vendors Distributors and traders Research organizations Organizations, forums, alliances, and associations Scope of the Report: The research report segments the smoke detector market to following sub-segments: By Power Source: Battery powered Hardwired with battery back up Hardwired without battery back up By Product: Photoelectric smoke detector Ionization smoke detector Dual sensor smoke detector Others By Service: Engineering services Installation & design services Maintenance services Managed services Others By End-User Industry: Commercial Residential Oil, gas & mining Transportation & logistics Telecommunication Manufacturing Others By Geography: North America Europe Asia-Pacific Rest of the World

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