The Smoke Detectors Global Market Report 2023 by The Business Research Company, provides smoke detectors market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Smoke Detectors Global Market Report 2023, the market size is expected to grow from $2.03 billion in 2022 to $2.08 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global smoke detectors is expected to grow to $2.57 billion in 2027 at a CAGR of 5.4%.
The increased number of fire incidents in commercial as well as in residential places is driving the growth of the smoke detectors market. The use of synthetic building materials and variety of plastics, synthetic textiles in furnishing of commercial and residential buildings has made them vulnerable to fire accidents. Fire accidents leads to severe life and property losses. Early detection of fire through smoke detectors can reduce the risk of life and property due to fire incidents.
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The smoke detectors market is segmented:
1) By Product: Photoelectric Smoke Detector, Ionization Smoke Detector, Dual Sensor Smoke Detector, Other Products
2) By Power Source: Battery Powered, Hardwired With Battery Backup, Hardwired Without Battery Backup
3) By End User: Residential, Commercial, Oil, Gas & Mining, Transportation & Logistics , Telecommunications Manufacturing, Other End-Users
The use of Internet of Things (IoT) in smoke detectors is one of the trends in the smoke detectors market. The smoke detectors using IoT alerts the user of all possible hazards on their mobile devices at all times from anywhere even if they are away from their property. IoT smoke detectors can work efficiently even in buildings with bad network coverage in basements and corners. The smoke detectors using IoT can report on an ongoing fire in real time. For instance, Huawei Technologies Co., Ltd., a Chinese multinational technology company, launched its plug-and-use NB-IoT smoke detectors with high power efficiency that can run from three to five years on batteries with less than 3000 mAh capacity.
The smoke detectors market report table of contents includes:
1. Executive Summary
2. Smoke Detectors Market Characteristics
3. Smoke Detectors Market Trends And Strategies
4. Smoke Detectors Market – Macro Economic Scenario
..............
25. Middle East Smoke Detectors Market
26. Africa Smoke Detectors Market
27. Smoke Detectors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smoke Detectors Market
29. Smoke Detectors Market Future Outlook and Potential Analysis
30. Appendix
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