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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

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Smoke Alarm Market Synopsis

Smoke alarm market is expected to garner USD 1.29 million by 2023, at a CAGR of 8.53% during the forecast period. Smoke alarm devices are intensively used in every commercial and industrial sector to protect the premises. The smoke detectors and fire detectors have efficiently detected the fire hazards at early stages and are capable of preventing huge financial and deaths or injuries. Increasing government initiatives and fire safety awareness regarding the Smoke Alarm industry are considered as the major driving factors for the Smoke Alarm market growth.

Smoke detectors are generally mounted in the ceilings as the smokes reach ceilings faster due to their lighter weight. Detecting the smoke, or temperature, or flame, the alarms are triggered which potentially prevent loss of life and properties. Since battery-operated Smoke detectors require regular maintenance and battery replacements, the industrial sectors are increasingly utilizing the hard-wired smoke detectors where the operational areas are generally larger. The combination of ionization smoke detectors and photoelectric smoke detectors is utilized in some industrial sectors for enhanced protection. Especially the oil and gas industries are more prone to fire accidents.

COVID 19 Analysis:

The Pandemic has affected several industrial sectors and commercial sectors. The production was held up due to prolonged lockdown and scarcity of human resources. The markets were increasingly adopting new trends to continue their businesses and manufacturers of healthcare-related products were given preference and adopted different strategies to combat the crisis. During the pandemic, the Smoke detectors were facing both ups and downs in terms of market revenue. The commercial sectors and retail shops were not operational throughout the pandemic, thereby decreasing the demand for the Smoke Alarm market growth. However, the hospital, medical services-related offices were increasing the demand for fire alarm systems and smoke detectors.

On the other hand, the scarcity of the raw materials for the manufacturing of the smoke detectors and the constrained inventory and disruption in the supply chain, with the increasing demand for the electronic components have caused a decline in the Smoke Alarm market value during the pandemic.

Market Dynamics:

Market Drivers:

The potential benefits offered by the Smoke Alarm systems in the residential sectors are primarily driving the overall growth of the Smoke Alarm industry. Additionally, the installation of Smart Smoke alarm and fire alarm systems in the residential units have increased the value of the residential property and are fueling the growth of the real-estate sectors as well.

The San Francisco administration has recently shared the shocking statistics related to the fire-related hazards and accidents, which states that over 4000 people die due to fire-related accidents in the residential areas and over 2500 people get severely injured in such incidences every year, which were primarily due to lack of fire extinguishing systems and smoke detectors. On the other hand, the advent of laser smoke detectors and their capability of providing intense security is driving the overall growth of the Smoke Alarm industry. 

Market Opportunities:

The latest technological advancement in the field and methodology are driving the overall growth of the Smoke Alarm industry. The ionization technologies in the smoke detecting systems have been replaced by photoelectric systems which are highly responsive. The integration of other protective systems, such as fire suppressants, burglar alarms, and cameras integration during the incidences are presenting lucrative opportunities for the Smoke Alarm market growth.

The governmental and non-profit organizations are providing outlines and updating them according to the construction and infrastructure to reduce or prevent fire hazards in the residential and commercial sectors. Further, Smoke detecting systems are increasingly installed in the automotive to increase fire safety while driving. 

Market Restraints:

Prominent industrial players are lacking knowledge about Smoke alarm systems and thereby creating complications in the overall growth of the Smoke Alarm industry. Frequently changing technology and rising installation costs are hindering the overall growth of the Smoke Alarm industry.

The Smoke alarm market is currently picking up pace, however still faces issues with the lack of active participants and professionals in the field of product management and maintenance.

Market Challenges:

The complex installation and regular maintenance are considered as the primary challenge for the overall growth of the Smoke Alarm industry. Locating the right places and prior planning for installing the smoke alarms in the industrial sector for efficient functioning is considered as the major challenge in the overall growth of the Smoke Alarm industry.

The technical challenges and loopholes in the algorithms in detecting the capability of the device and frequent false alarms due to issues in the algorithms are also considered as the major challenges for the overall growth of the Smoke Alarm industry. On the other hand, complete control of the environment is required; disturbance of foreign elements or interruptions caused by animals or counterfeit products or activities could damage the Smoke detecting systems. 

Cumulative Growth Analysis:

The potential advantages of installing Smoke Alarm systems in the residential sectors and growing awareness across the globe are the primary reasons for the Smoke Alarm market growth. The increasing disposable income and reputed builders are thriving to increase the quality of the residential buildings and commercial buildings are aiding the Smoke Alarm market growth.

The smoke detectors in the residential units are expected to comply with the updated norms of National Fire Alarm and Signaling Code requirements. The standards are diversified based on the varied types of detectors. Some of the detectors are categorized as Automatic Fire detector, Automatic fire extinguisher and suppression system, Fire-gas detector, Flame detector, gas detector, heat detector, and so on. The placement of the system and the functionalities and overall design of the systems should comply with the standards imposed by NFPA 72. The demand for fire alarm systems and smoke detecting systems that come under the NFPA 72 regulations is rapidly increasing amongst the industrial and residential sectors.

Value Chain Analysis:

The manufacturers are focusing on integrating several security-based systems, associated with the requirements of residential units. Several governments of developing countries are focusing on building smart cities in their respective countries. Some of the leading manufacturers are designing a system that helps in reducing the overall ownership costs. Such strategy includes diving the concerned areas into zones and properly installing the fire detecting systems in those zones for early detection of the fire hazard. The technological development in the Smoke Alarm industry and increasing investments are expected to boost the overall Smoke Alarm market growth.

The smoke alarm or detector is increasingly installed in the vehicles due to highway vehicle fire accidents. There were around 175,000 fire accident cases recorded between the years 2018 and 2019, which was reported by the National Fire Protection Association. Another report from the same association has claimed that deaths due to vehicle fires were 4.5 times higher than the deaths caused by non-residential structure fires and about 1.6 times higher than that of apartment fires. Such factors have propelled the automotive industry to install fire detecting systems in vehicles. This has increased the overall Smoke Alarm Market growth in recent years.

Segment Overview:

Based on Connectivity:

  • Wi-Fi

  • Bluetooth 

  • Zigbee

  • Others

Based on Service:

  • Monitoring and inspection

  • Installation services

  • Maintenance and replacement services 

  • Others

Based on Power Sources:

  • Hard-wired

  • Battery-powered 

Based on End-User:

  • Residential 

  • Commercial

  • Industrial 

  • Telecommunications

  • Manufacturing

  • Oil, Gas, and mining

  • Transportation and logistics

Regional Analysis:

North America and Asia Pacific regions are likely to witness more revenue generation in the forecast period, among other competitive regions. North America is considered one of the most sustainable and well-established economical regions. Additionally, the manufacturers of smoke alarms and other security-based systems are increasing in the region. The growing economy has also increased the number of commercial and residential units in the region. Such factors have presented lucrative opportunities for the Smoke Alarm market growth in the forecast period. A recent study shows that North America has developed about USD 588.5 million in the year 2021 owing to the increasing investments and financial support from the US government.

Asia-pacific is also showcasing higher CAGR in recent years owing to the developing infrastructure and growing urbanization. The residential and commercial spaces are rapidly increasing with the increasing population, the demand for essential services such as healthcare centers, educational centers, malls; theaters are also increasing in the Asia Pacific region. Such factors are likely to increase the Smoke Alarm market growth in the forecast period.

Competitive Landscape:

  • 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)

Recent Developments:

In the year 2019, Siemens has launched its Smoke alarm system which could be integrated with the voice alarms and can afford protection against fire. It has also gotten approval from European standards for its acoustic and optical laser facilities. 

In the year 2021, Bosch has launched the Smart Smoke alarm system which has a couple of essential integrations that adds value to the system, the smoke detector system was integrated with burglar alarm and air quality sensor, which has enhanced the overall performance and value of the system. The cameras integrated with the system will be activated in the case of emergencies. Such features of the system made it stand out in the market.

Report Overview:

This report has covered:

  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments

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.

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    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.