According to the latest report by IMARC Group “Smoke Detector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global smoke detector market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 9% during 2021-2026.
A smoke detector stands for a smoke sensing device that is used for the early detection of fire. It comprises two components, a smoke sensor and a smoke alarm that alerts people when the sensor detects the smoke. The smoke detector is cost-effective, easy to install, and prevents the risk of fire accidents. Besides this, smoke detectors are extensively installed in commercial buildings, residential spaces, industrial hubs, and other public places.
Rapid urbanization, growing infrastructural investments, and increasing consumer awareness are primarily driving the global smoke detector market. Moreover, the prevalent trend of digitalization, along with the rising penetration of IoT-enabled devices, is augmenting the demand for smart smoke detectors across the globe. Additionally, the introduction of several government initiatives for curbing fire accidents, coupled with the growing construction of data centers, IT hubs, and smart buildings, will continue to further propel the global smoke detector over the forecasted period.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product Type:
Breakup by Power Source:
Breakup by End User:
Breakup by Region:
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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