Smoke Detectors Market is Reaching $2,602 Million Globally by 2023 - PowerPoint PPT Presentation

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

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The demand for global smoke detectors market is expected to grow, owing to its ability to provide fire protection measures with the increase in infrastructural development such as hotels, residential, corporate buildings, educational institution, and others. The global smoke detectors market was valued at from $1,594 million in 2017, and is expected to reach $2,602 million by 2023, registering a CAGR of 8.5% from 2017 to 2023. Asia-Pacific is expected to exhibit the highest growth, owing to the growth in potential startups, consumers disposable income, increase in urbanization & industrialization, along with rise in investments in infrastructure. For More@ – PowerPoint PPT presentation

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


1
GLOBAL SMOKE DETECTORS MARKET 
GLOBAL OPPORTUNITY AND FORECAST 2023
2
 
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
3
 
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.

4
 
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.

5
 
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

Get PDF Sample Copy_at_ https//www.alliedmarketresea
rch.com/request-sample/2536
6
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.
7
 
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.

8
 
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

9
 
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.
alliedmarketresearch.com/smoke-detector-market Ge
t PDF Sample Copy https//www.alliedmarketresearch
.com/smoke-detector-market Follow Allied Market
Research
10
 
ABOUT ALLIED MARKET RESEARCH
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of
Allied Analytics LLP based in Portland, Oregon.
Allied Market Research provides global
enterprises as well as medium and small
businesses with unmatched quality of "Market
Research Reports" and "Business Intelligence
Solutions." AMR has a targeted view to provide
business insights and consulting to assist its
clients to make strategic business decisions and
achieve sustainable growth in their respective
market domain. We are in professional corporate
relations with various companies and this helps
us in digging out market data that helps us
generate accurate research data tables and
confirms utmost accuracy in our market
forecasting. Each and every data presented in the
reports published by us is extracted through
primary interviews with top officials from
leading companies of domain concerned. Our
secondary data procurement methodology includes
deep online and offline research and discussion
with knowledgeable professionals and analysts in
the industry.
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Drive 205, Portland, OR 97220 United States Toll
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