Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 7.6% during the review period (2022 to 2027)
Commercial Smoke Detectors are employed to detect smoke in the surrounding environment. In case of a fire emergency, the system can trigger alarms and activate safety systems. The systems come in different types depending on the use and environment used where both photoelectric and ionization detectors are effective smoke sensors. These systems are really important and are being employed in many commercial and residential areas. With increasing focus on safety across homes, smoke and fire detectors are increasingly being used. Photoelectric and ionization smoke detectors are widely used in residential properties. In a residential setting, photoelectric alarms are more responsive to smoldering fires, whereas ionization detectors are better for flaming fires.
Some of the factors which are driving the market are rising safety concerns due to fire accidents, and the emerging trend of smart homes and buildings. The high cost for installation and upgradability of smoke detectors to connected systems or IoT is restraining the Asia-Pacific smoke detector market growth. The growing adoption of IoT Technology in smoke detectors and rising investment in the construction industry are some of the factors which are opening lucrative opportunities for the market. Complexities involved in designing to reduce false alarms are acting as a major challenge for the market growth.
The Commercial Smoke Detectors Market is rising at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for numerous end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Honeywell Security, Panasonic, Johnson Controls, Hochiki, FireAngel Safety Technology Group, Halma, Ei Electronics, Universal Security Instruments, Nohmi Bosai, Siemens, Gulf Security Technology, Shanying Fire, Nittan, X-SENSE, Nest, Hekatron, D&K Group International, Busch-jaeger, Smartwares, Forsafe, Shenzhen Gabel Electronics
27th October 2021: IDC announces GBM as Strategic Partner for CIO Summit
As preparations get under way for the IDC Middle East CIO Summit 2022, International Data Corporation (IDC) has announce that Gulf Business Machines (GBM) has been appointed as the event’s Strategic Partner.
Commercial Smoke Detectors Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications, it is segmented into
The global Smoke Detector Market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to hold the largest smoke detector market share throughout the study period and Europe is expected to grow at the fastest rate.
The Commercial Smoke Detectors Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Commercial Smoke Detectors Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 7.6% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Honeywell Security, Panasonic, Johnson Controls, Hochiki, FireAngel Safety Technology Group, Halma, Ei Electronics, Universal Security Instruments |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages |
135
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Customization Available | Yes, the report can be customized as per your needs |
All our reports are custom made to your company's's needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Commercial Smoke Detectors Market is studied from 2022-2027.
Who are the Prime players in the Commercial Smoke Detectors Market?
ABB Group, Siemens, GE, Schneider Electric, Wärtsilä, MAN, KONGSBERG, Becker Marine Systems
Which region held the largest share in the Commercial Smoke Detectors Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant types of Commercial Smoke Detectors Market?
Energy-Saving Devices, Software and System, Other
What are the major applications of Commercial Smoke Detectors Market?
Tanker Vessels, Container Vessels, Bulk Vessels, Other
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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