Smoke Detector Market Growing at 9.2% CAGR to 2022 Led by Europe
PUNE, India, June 6, 2016 /PRNewswire/ --
Global smoke detector market is rising from $1.31 billion in 2015 to $2.52 billion by 2022, at a CAGR of 9.2% driven by increasing support and initiatives from government bodies of several countries while hardwired with battery backup detectors to witness highest growth rate, according to this new research study.
Complete report on global smoke detector market spread across 150 pages, profiling 10 companies and supported with 75 tables and 67 figures is now available at http://www.rnrmarketresearch.com/smoke-detector-market-by-power-source-battery-powered-hardwired-with-battery-backup-hardwired-without-battery-backup-product-photoelectric-ionization-dual-sensor-other-detector-end-user-industry-servic-ts-to-2022-market-report.html .
The smoke detector market is driven by factors such as increasing number of government mandate policies to install smoke alarms in residential sector, increased fire related expenditure of various enterprises and rise in deaths & loss of properties, and technological advancements have created higher level application for smoke detectors.
The battery-powered smoke detectors need to be replaced frequently owing to exhausted battery or disposition of battery chemicals in the enclosure of the smoke detector which needs to be cleaned timely. Therefore, the demand for hardwired with battery backup smoke detector is gaining popularity among the customers and is expected to grow at the highest CAGR during the forecast period
Several European countries have submitted new smoke alarm regulations because of the increasing home fires that are causing many fatalities and casualties every year. The installation of smoke alarm has become obligatory by law in many parts of the Europe such as Austria, France, and Germany. The development and introduction of such laws is a considerable opportunity for manufacturers and installers.
To determine the market size of various segments and sub-segments of the PIM market, extensive secondary research is done. In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (22%), Tier 2 (45%) and Tier 3 (33%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (43%), Manager Level (57%) from various key organizations operating in the global smoke detector market. The primary interviews were conducted worldwide covering regions such as North America (12%), Europe (38%), APAC (25%) and Row (25%).
Due to the rapid development of smoke detector technology along with the Internet of Things, the smoke detector market finds huge opportunity to proliferate in the next six years especially in the residential sector.
Various key players in the smoke detector market profiled in this report such as Hochiki Corporation (Japan), Honeywell International (U.S.), United Technologies Corporation (U.S.), Tyco (Ireland), Siemens AG (Germany), Johnson Control (U.S.), Robert Bosch (Germany), NEC Corporation (U.S.), Nest labs (U.S.) and Schneider Electric (France). Order a copy of Smoke Detector Market by Power Source (Battery Powered, Hardwired with Battery Backup, and Hardwired without Battery Backup), Product (Photoelectric, Ionization, Dual Sensor, & Other Detector), End-User Industry, Service, and Region - Global Forecasts to 2022 research report available at http://www.rnrmarketresearch.com/contacts/purchase?rname=606049 .
From an insight perspective, this research report has focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the smoke detector market; high-growth regions; and market drivers, restraints, and opportunities.
On a related note, another research on Infrared Detector Market Global Forecast to 2020 says, the global market for infrared detector is expected to reach USD 405.2 million by 2020, growing at a CAGR of 9.83% between 2015 and 2020 driven by people and motion sensing application. Companies like Excelitas Technologies Corp., Nippon Ceramic Co., Ltd, Hamamatsu Photonic K.K., Murata Manufacturing Co., Ltd, Texas Instruments Inc., Raytheon Company, Omron Incorporation and Sofradir are the key player in this market and have been profiled in this 161 pages research report available at http://www.rnrmarketresearch.com/infrared-detector-market-by-type-mct-ingaas-pyroelectric-thermopile-microbolometer-and-others-technology-cooled-infrared-and-uncooled-infrared-wavelength-short-medium-and-long-infrared-application-and-geography-global-forecas-market-report.html .
Explore more reports on Information Technology & Telecommunication market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication .
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