TMCnet News
Global Smoke Detectors Market Outlook to 2030: Revenues for Photoelectric, Ionization, Dual Sensor, and Other Smoke DetectorsDUBLIN, April 1, 2020 /PRNewswire/ -- The "Smoke Detectors Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering. The global smoke detectors market was worth $10.09 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 5.32% and reach $12.41 billion by 2023. North America was the largest region in the smoke detectors market in 2019. The increased number of fire incidents in commercial as well as in residential places is driving the growth of 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. According to the U.S National Fire Protect Act (NFPA), in 2018, out of the total 499,000 structure fires, 387,000 were residential structure fires whereas 112,000 were nonresidential structure fires. The NFPA in 2017, estimated that fires caused $9.7 billion in property damageas well as 2,716 civilian deaths and 14,651 civilian injuries. Considering these losses, major number of residential and commercial buildings are required to be equipped with smoke detectors thus positively impacting the growth of the smoke detectors market. In 2017, Honeywell International Inc., a U.S based provider of commercial and consumer products, engineering services and aerospace systems, acquired SCAME Sistemi S.R.L. for an undisclosed amount. Through the acquisition, Honeywell aims to expand its fire business by utilizing new fire and gas safety capabilities of SCAME Sistemi S.R.L. and expanding its product line. SCAME Sistemi S.R.L. is an Italy based provider of all-in-one systems that deliver management of fire and gas detection, and fire extinguishing systems. Major players in the market are Honeywell International Inc., Tyco, Siemens AG, Ceasefire Industries Pvt. Ltd, Secom PLC, Unisafe Fire Protection LLC, 3M , Nowatec AS, Johnson Control, and Robert Bosch. Key Topics Covered 1. Executive Summary 2. Smoke Detectors Market Characteristics 3. Smoke Detectors Market Size and Growth 3.1. Global Smoke Detectors Historic Market, 2015 - 2019, $ Billion 3.1.1. Drivers of the Market 3.1.2. Restraints on the Market 3.2. Global Smoke Detectors Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion 3.2.1. Drivers of the Market 3.2.2. Restraints on the Market 4. Smoke Detectors Market Segmentation 4.1. Global Smoke Detectors Market, Segmentation by Product, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Smoke Detectors Market, Segmentation by Power Source, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.3. Global Smoke Detectors Market, Segmentation by End User, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Smoke Detectors Market Regional and Country Analysis
For more information about this report visit https://www.researchandmarkets.com/r/xvt3kd Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-smoke-detectors-market-outlook-to-2030-revenues-for-photoelectric-ionization-dual-sensor-and-other-smoke-detectors-301033317.html SOURCE Research and Markets |