Global Smoke Detectors Market to grow at a CAGR of 8.45% during the period 2016 - 2020; Finds New Report

Report forecast the global smoke detectors market to grow at a CAGR of 8.45% during the period 2016-2020.

A smoke detector can detect a fire breakout and prevent it from spreading by enabling security measures. Smoke detectors are connected to alarm systems, which emit a high-pitched alarm tone to warn residents of potential danger, thus, preventing accidents. The requirements of smoke detectors vary on the types of residences. Few residences might require battery-powered detectors, whereas, others might need interconnected hard-wired detectors.

The report covers the present scenario and the growth prospects of the global smoke detectors market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of smoke detectors.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, rising initiatives and support from government bodies will be a key driver for market growth. The governments of most developed countries provide support for installing smoke detectors in residences, be it monetary or through initiatives. These initiatives not only help increase awareness about the importance of these devices in case of fire, but also improve the sales of smoke detectors, which has a positive impact on the market growth. One such example of government support is the grant worth $110,000 provided by the US federal government to the Berrien Springs’ Oronoko Township Fire Department to raise awareness about smoke detectors. Such measures will aid in the growth of the market over the next five years.

Further, the report states that increase in price wars among existing vendors will be a challenge for the market. The increase in price wars among vendors is one of the major challenges in the global smoke detectors market in the US. Some of the existing major vendors are enjoying a good market share, but the market growth for smoke detectors has attracted new vendors into the market. Several vendors are trying to provide products at low prices in order to gain market share. However, this will lead to vendors suffering from reduced profit margins in the long run. Major players like Nest, owned by Google, are relaunching their products at low prices. Nest Protect was relaunched in the US in 2014 with a price tag of $99, a significant decrease from the previous price of $130.

Global Smoke Detectors Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global smoke detectors market:  BRK, Honeywell, Kidde, Siemens, and Tyco.

Other Prominent Vendors in the market are: System Sensors, USI Electric/Universal, Mircom, Hochiki America, Apollo Fire Detectors, Xtralis, and Gentek.

Market driver

• Increase in residential construction
• For a full, detailed list, view our report

Market challenge

• Late or no set-off of smoke detectors
• For a full, detailed list, view our report

Market trend

• Integration of smoke detectors with building systems
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 84 pages and 25 Exhibit “Global Smoke Detectors Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by sensor type, Market segmentation by end-users, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://mrr.cm/JtS

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