Smoke Detector Market To Generate Revenue Of $3.01 Billion By 2025 Owing To Increasing Sustainable Development In The Infrastructure Sector: Grand View Research Inc. 1
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According to a recent report published by Grand View Research, Inc, the growing concern for safety in commercial buildings is expected to propel the market growth in the coming years. Increasing sustainable development in the infrastructure sector coupled with stringent government policies and regulations are projected to surge the application smoke and fire detection devices.

According to a report, “Smoke Detector Market Size, Share & Trends Analysis Report By Technology (Photoelectric, Dual sensors, Ionization), By End Use (Commercial, Industrial, Residential), And Segment Forecasts, 2019 – 2025”, the rising awareness for fire safety in commercial and construction sector is expected to propel the market growth in the coming years. 

Favorable government initiatives coupled with the stringent regulations has surged the usage of fire protection equipment in construction industry. These initiative increased the market scope of the safety equipment. The market is full of opportunities for the new technology and technology innovation owing to the mandatory inclusion of fire safety device across the industrial, commercial, and residential sectors coupled with the presence of various ongoing projects across the globe.

The technological innovations in the construction industry coupled with the successive development of infrastructure in various developed and developing countries such as U.S., U.K., Germany, China, and India has surged the demand for the smoke and fire detection devices. Inclusion of these safety equipment has improved the safety quotient in infrastructure. Furthermore, with technological advancements, photoelectric and dual sensors devices has improved the response time of the system as well as with the help of latest technology it has effectively reduced the frequency of false alarms. Increasing stringency of regulations regarding fire safety are projected to positively influence the market growth.

North America smoke detector market size, by technology, 2015 - 2025 (USD Million)

Smoke Detector Market Report Highlights:

In terms of revenue, dual sensor technology is projected to ascend at a CAGR of 9.3% over the forecast years

Industrial end use led the global smoke detectors market with an overall volume share of over 41.66% in the past few years

North America held the leading market share of 31.68% in the past years. It is anticipated to continue the dominance during the forecast periodss

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Grand View Research has segmented the global smoke detector market on the basis of technology, end use, and region:

Smoke Detector Technology Outlook (Revenue, USD Million, 2015 – 2025)

Photoelectric

Dual Sensors

Ionization

Smoke Detector End Use Outlook (Revenue, USD Million, 2015 – 2025)

Commercial

Industrial

Residential

Smoke Detector Regional Outlook (Revenue, USD Million, 2015 – 2025)

North America

U.S.

Europe

U.K.

Germany

Asia Pacific

China

India

Central & South America

Middle East & Africa

List of Key Players for Smoke Detector Market:

Kidde

Honeywell International Inc.

Johnson Controls; 

BRK Brands, Inc.

Siemens AG

Birdi

Hochiki Corporation; 

Huawei Technologies Co., Ltd.; 

Xtralis Pty Ltd.; 

Robert Bosch LLC

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Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.

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