Consumer & Retail

According to a market report by Lucintel, the future of the smoke detector market looks promising with opportunities in the commercial, industrial, and residential end use industries. The global smoke detector market is expected to reach an estimated $2.40 billion by 2028 with a CAGR of 10.2% from 2023 to 2028. The major drivers for this market are increasing awareness towards fire safety in private and public buildings, growing government regulations for adoption of smoke detectors, and rising trend of IoT-enabled smart smoke detection services.



In this market, photoelectric, dual sensors, and ionization are the major technology segments. Lucintel forecasts that photoelectric will remain the largest technology segment over the forecast period due to its increasing usage in residential application for detecting smouldering fires. 



Within this market, residential is projected to witness the highest growth rate due to rapid urbanization and increasing government initiatives to equip homes with fire and smoke protection devices.



North America will remain the largest region due to the increasing installation of smoke detectors and carbon monoxide detectors in homes as per the guidelines of US Fire Administration guidelines (USFA).

Kidde, Honeywell, Johnson Controls, BRK Brands, Siemens AG, and Hochiki are the major suppliers in the global smoke detector market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global smoke detector market by technology, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Smoke 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 smoke detector market by technology, end use industry, 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 smoke detector market by technology (photoelectric, dual sensors, and ionization), end use industry (commercial, industrial, and residential), 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?