Smoke Alarm Market Research Report – Global Forecast till 2027

Smoke Alarm Market Research Report, by Sensor Technology (Ionization Smoke Alarm, Photoelectric Smoke Alarms, and Combination or Dual Sensor Smoke Alarms), Power Backup (Battery Powered, Hardwired and Hardwired with Battery Backup), End-Users (Residential, Academia & Institutional, Retail, Healthcare, Hospitality (Hotel/Leisure), BFSI, Transportation & Logistics, Manufacturing and Others) - Forecast till 2027

ID: MRFR/SEM/6009-HCR | February 2021 | Region: Global | 100 pages

Please note that assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill sample form for updated data.

Market Synopsis


Global smoke alarm market is expected to grow from USD 804.08 million in 2017 to USD 1.29 million by 2023, at a CAGR of 8.53% during the forecast period.


A smoke alarm is an all-in-one, self-contained device that consists of a detector that senses smoke and thereby generate an alarm that can be an audible or visual warning. Rise in government initiatives regarding fire safety awareness and technological advancements in smoke alarms are the key drivers for the smoke alarm market. However, high cost of replacement of traditional smoke alarms with smart smoke detectors restrain the market growth.


By sensor technology, the market is segmented into ionization smoke alarm, photoelectric smoke alarms, and combination or dual sensor smoke alarms. The combination/dual sensor market segment is expected to register the highest CAGR during the forecast period. These category of smoke alarms are more reliable as they provide benefits such as more presice smoke detection and are easy to dispose in comparison to ionized smoke alarms that contain radioactive materials.


On the basis of end-user, the market is segmented into residential, academia & institutional, retail, healthcare, hospitality (hotel/leisure), BFSI, transportation & logistics, manufacturing, and others. The residential segment is estimated to dominate the market throughout the forecast period. The increase in the number of government mandate policies with regards to smoke alarms installation at residential spaces and growth in residential construction projects across the globe drive the smoke alarms market for residential segment.


The key players profiled in the smoke alarm market research report are Johnson Controls Inc (US), Protec Fire Detection PLC (UK), Schneider Electric (France), Robert Bosch GmbH (Germany), United Technologies Corporation (US), Nest Labs (US), Siemens AG (Germany), Legrand (France), Newell Brands (US), and Halma Plc (UK).


The major players constantly focuses on growth strategies such as strategic partnerships, mergers, acquisitions, and product launch to enhance their product offerings and expand their market reach. For instance, in 2018, legrand announced the acquisition of the french hardware startup Netamato. Netamato, a leading manufacturer of smoke alarms integrated as a brand in Legrand’s portfolio.


Smoke Alarms Market


Smoke Alarms Market


Source: MRFR Analysis


Segmentation


Smoke alarm market is segmented based on sensor technology, power backup, end-user, and region.


By sensor technology, the market is segregated into ionization smoke alarm, photoelectric smoke alarms, and combination or dual sensor smoke alarms.


On the basis of power backup, the market is segmented battery powered, hardwired, and hardwired with battery backup.


By end-user, the market is segmented residential, academia & institutional, retail, healthcare, hospitality (hotel/leisure), BFSI, transportation & logistics, manufacturing, and others.


By region, the market is segmented into North America, Europe, Asia-Pacific and the Rest of the World.


Regional analysis


The global market for smoke alarm market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of smoke alarm market is done for North America, Europe, Asia-Pacific, and the rest of the world. 


North America is expected to dominate the smoke alarm market from 2018 to 2023 as the region has a sustainable and well-established economy and the region witnesses stringent government mandates with regards to smoke alarms installation in residential and commercial space. Furthermore, the presence of the leading manufacturers in the region further drive the smoke alarm market in these regions.


Asia-Pacific is estimated to register the highest CAGR during the forecast period. The growth in the region is attributable to factors including ongoing infrastructure development, rapid pace of urbanisation, and rise in number of residential and commercial spaces including healthcare centers, educational institutions, and malls.


Competitive Analysis


The smoke alarm market has witnessed the rising demand across the globe owing to government mandate policies in developed economies such as the US to install smoke alarms in residential premises. Key players to further strenghten their market position have opted for partnerships and new product launches as their key organic growth strategy. In december 2018, FirstAlert launched a new OneLinksmart smoke and carbon monoxide alarm that works with both Apple HomeKit and Amazon Echo connected home support.


Key players


The prominent players in the smoke alarm market are Johnson Controls Inc (US), Protec Fire Detection PLC (UK), Schneider Electric (France), Robert Bosch GmbH (Germany), United Technologies Corporation (US), Nest Labs (US), Siemens AG (Germany), Legrand (France), Newell Brands (US), Halma Plc (UK), Hochiki Corporation (Japan), Honeywell International (US), Secom Co., Ltd (Japan), Minimax Viking GmbH (Germany), Gentex (US), Schrack Seconet AG (Austria), NEC Corporation (Japan), and Ceasefire Industries Pvt. Ltd. (India).


Intended 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

  • Assembly, testing, and packaging vendors

  • Distributors and traders

  • Research organizations

  • Organizations, forums, alliances, and associations



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 1.29 Million
  CAGR   8.53%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Sensor Technology, Power Backup, End-Users
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Johnson Controls Inc (US), Protec Fire Detection PLC (UK), Schneider Electric (France), Robert Bosch GmbH (Germany), United Technologies Corporation (US), Nest Labs (US), Siemens AG (Germany), Legrand (France), Newell Brands (US), Halma Plc (UK), Hochiki Corporation (Japan), Honeywell International (US), Secom Co., Ltd (Japan), Minimax Viking GmbH (Germany), Gentex (US), Schrack Seconet AG (Austria), NEC Corporation (Japan), and Ceasefire Industries Pvt. Ltd. (India)
  Key Market Opportunities   Rapid technological advancement in smoke alarms has produced a generation of devices that can rapidly and effectively signal the presence of smoke.
  Key Market Drivers

  • Rise in government initiatives regarding fire safety awareness.
  • Technological advancements in smoke alarms.
  • Growing Consumer Awareness about Fire Safety.


  • Frequently Asked Questions (FAQ) :


    Schneider Electric (France), Nest Labs (US), Robert Bosch GmbH (Germany), Protec Fire Detection PLC (UK), United Technologies Corporation (US), and Siemens AG (Germany) are directing the market in the coming years.

    A CAGR of 8.53% is predicted to influence the expansion of the market in the imminent years.

    The existence of a sustainable and well-established economy in the North American region has soared the market.

    Power backup, sensor technology, end-user, and region are the distinguishable segments in the market.

    The intensification in government plans concerning fire safety awareness is anticipated to spur the market in the coming period.