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Smoke Detector Market Share

Report ID: GMI8094
Published Date: Feb 2024
Report Format: PDF

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Smoke Detector Market Share

The market for smoke detectors is fragmented because of the high level of competition between the players. Most of the players functioning in the global market are taking steps to raise their market footprint by concentrating on product diversification and development. Key players are Honeywell International Inc., ABB Group, and Siemens AG.

Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches as well as collaborations and long-term agreements with clients to capture market share are positively impacting market growth.

Smoke Detector Market Companies

Major players operating in the smoke detector industry are:

ABB Group
Apollo Fire Detectors Ltd.
Bosch Security Systems
BRK Brands, Inc.
Edwards Fire Safety
Gentex Corporation
Honeywell International Inc.
Hochiki Corporation
Johnson Controls
Kidde
Nest Labs
Notifier by Honeywell
Siemens AG
System Sensor
Tyco Fire Protection Products

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The smoke detector industry was valued at over USD 2.5 Billion in 2022 and is estimated to register a CAGR of over 8% between 2024 and 2032 owing to the growing awareness about the importance of fire safety and the potential consequences of fires.

The battery-powered smoke detectors segment had a market share of over 35% in 2024 and will grow through 2032 as they are easy to install without the need for complicated wiring or professional installation.

Europe smoke detector market accounted for a revenue share of over 32% in 2023 and is expected to witness significant growth through 2032, due the increasing stringency of safety regulations, necessitating fire safety measures in both residential and commercial buildings.

ABB Group, Apollo Fire Detectors Ltd., Bosch Security Systems, BRK Brands, Inc., Edwards Fire Safety, Gentex Corporation, Honeywell International Inc., Hochiki Corporation, Johnson Controls, Kidde, Nest Labs, Notifier by Honeywell, Siemens AG, System Sensor, and Tyco Fire Protection Products.