Smoke Detectors Market is Reaching $2,602 Million Globally by 2023

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GLOBAL SMOKE DETECTORS MARKET 
GLOBAL OPPORTUNITY AND FORECAST 2023
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SMOKE DETECTORS ANALYST REVIEW
Europe is expected to witness a significant
demand for smoke detectors owing to the
increasing and compulsory installations of smoke
detectors in all residential buildings as per the
government regulations. Vineet
Kumar Research Manager, CM and ICT
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CURRENT AND FUTURE MARKET SCENARIO

• The global smoke detectors market was valued at
  from 1,594 million in 2017.
• The global smoke detectors market is expected to
  reach 2,602 million by 2023.
• The global smoke detectors market registering a
  CAGR of 8.5 from 2017 to 2023. 
• Global smoke detectors market is expected to grow
  at the CAGR of 8.5 during the forecast period,
  thereby expanding the opportunities for global
  smoke detectors industry.
• The dual sensor smoke detectors segment is
  expected to witness the highest CAGR as compared
  to other product types.

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TOP IMPACTING FACTORS TO MARKET GROWTH

• Increase in Infrastructural Investments.
• The rise in number of constructions initiate the
  increase in concern for fire safety measures,
  thereby boosting the demand for global smoke
  detectors industry.
• Growth in Industrialization.
• Rapid industrialization across all regions is
  expected to boost the global smoke detectors
  industry.
• Rapid Population Growth Urbanization.
• The population growth globally is attributed to
  increase in urbanization, acceleration in
  migration, and change in fertility rates.
• Complications of Smoke Detectors.
• Smoke detectors are not designed to function in
  places of extreme heat or cold, dust, and in
  places where smoke is usually detected to avoid
  unnecessary detection.

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SMOKE DETECTORS MARKET SEGMENTATION

• BY PRODUCT
• Optical Sensor Smoke Detector
• Photoelectric Smoke Detector
• Dual Sensor Smoke Detector
• Others

• BY END-USER INDUSTRY
• Commercial
• Manufacturing
• Telecommunication
• Residential
• Oil, gas, and mining
• Others

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The photoelectric smoke detectors segment is
expected to generate the maximum revenue in the
global market during the forecast period.
The dual sensor smoke detectors segment is
expected to witness the highest CAGR as compared
to other product types.
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GEOGRAPHICAL OVERVIEW

• Based on region, it is analyzed across North
  America, Europe, Asia-Pacific, and LAMEA.
• North America is expected to be the highest
  revenue contributor with 572 million in 2017,
  and is estimated to reach 904 million by 2023,
  growing at a CAGR of 8.

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DOMINATING MARKET PLAYERS

• Ceasefire Industries Pvt. Ltd
• Hochiki Corporation
• Honeywell International
• Johnson Control
• Nest labs
• Protec Fire Detection Plc
• Robert Bosch
• SECOM CO., LTD
• Schneider Electric
• Siemens AG
• United Technologies Corporation

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A Report Titled Smoke Detectors Market-
Opportunities And Forecasts, 2017 2023 has been
recently published by Allied Market Research. It
makes an In-depth Analysis of current trends,
drivers, and restraining factors that affect
Financial Ratios relevant to the industry.
Company profiles for key vendors in business
builds a comprehensive picture of profitable
opportunities from Stakeholders Perspective. To
Know More About Smoke Detectors Market-
Opportunities and Forecasts 2017-2023 https//www.
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