Consumer & Retail

According to a market report by Lucintel, the future of the residential fire detector market looks promising with opportunities in smoke detectors and heat detectors. The global residential fire detector market is expected to reach an estimated $0.60 billion by 2028 with a CAGR of 9.6% from 2023 to 2028. The major drivers for this market are increasing consumer awareness of the benefits of installations of fire detectors in houses and growing demand for fire sprinkler systems among residential users.



In this market, ZigBee, Wi-Fi, NB-IOT, and wired are the major technology segments. Lucintel forecasts that the Wi-Fi segment is expected to witness the highest growth over the forecast period due to the widespread adoption of IoT-based fire detectors in household applications. 



Within this market, the smoke detector is expected remain the largest segment over the forecast period due to increasing government regulations for mandating the installation of fire and smoke detection devices in the personal buildings. 



APAC will remain the largest region due to the growing demand for fire safety equipment from expanding infrastructure construction in the region.

Honeywell, Johnson Controls, United Technologies, London Security, and Hochiki are the major suppliers in the global residential fire detector market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global residential fire detector market by product, technology, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Residential Fire Detector Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global residential fire detector market by residential fire detector market by product, technology, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the residential fire detector market by product (smoke detectors, heat detectors, and others), technology (ZigBee, Wi-Fi, NB-IOT, wired, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?