Global Smoke Detector Industry was valued at USD 1.64 Billion in the year 2017. Global Smoke Detector Industry is further estimated to grow at a CAGR of 8.88% from 2018 to reach USD 3.24 Billion by the year 2025. North America region holds the highest Industry share in 2017 and European Industry is considered as the fastest growing Industry in the forecasted period. At a country level, the U.S. holds the highest Industry share in 2017 and it is projected to grow strongly in the coming years.
Global Smoke Detector Industry Size and Share by 2025 (USD Billion)
The major Industry players in smoke Detector Industry are Honeywell International Inc., Johnson Controls Inc., Siemens AG, Schneider Electric, Robert Bosch GmbH, Hochiki Corporation, United Technologies Corporation, NEC Corporation and more 10 companies information is provided in research report. Global Smoke Detector Industry with Honeywell International Inc. holding the substantial Industry share. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Smoke Detector Industry
Protection of your family, pets, and home
Low-cost product saving the valuable life
Maintenance and installation issues
Innovation and Multipurpose Design
Frequent false alarms
The Global Smoke Detector Industry is classified by a power source, by product type, by vertical industry, and by region in the estimated years. The major shares of the Industry come from the Commercial sector in Global Smoke Detector Industry. Due to the strategies followed by the government of different developing countries for FDI.
Smoke Detector Industry Overview by Product Type
Smoke Detector Industry Overview by Vertical Industry
Smoke Detector Industry Overview by Power Source
Battery Powered Systems
Dual Powered Systems
Smoke Detector Industry Overview by Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa