This region-based industry research report presents a detailed overview of the residential smoke detectors market in the US 2016-2020 and includes segmentations based on the sensor type (photoelectric, ionization, dual sensors, and others) and the power source (battery powered, hardwiring with backup batteries, and hardwiring without backup batteries). The leading vendors in this market are BRK, Honeywell, Kidde, and Siemens.
Technavio’s market research analysts estimate the residential smoke detector market in the US, to grow at a CAGR of more than 7% between 2016 and 2020. Increase in residential construction and replacement demand for smoke detectors has boosted the sales of residential smoke detectors in the US. There are different types of smoke detectors available in the US market depending on the sensor technology. Dual sensor smoke detector is the fastest-growing smoke detector in the US market as it offers better fire protection.
The new market research report from Technavio provides a breakdown and analysis of the smoke detector segments by technology.
“Integration of smoke detectors in residential building offers several benefits such as reduced cost of the overall systems, decreased energy usage, and enhanced communication during emergency situations. Several vendors like Honeywell are providing customized integration based solutions for safety systems. Moreover, the market is also witnessing increased application of CCTV as video image smoke detectors owing to various advantages they offer,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
The battery powered smoke detectors segment is the largest market segment, accounting for 60% of the overall market share. This market segment currently dominates the market for residential smoke detectors in the US and is envisaged to retain its dominating hold over the market until 2020 owing to the high current replacement demand. By 2020, this market segment will account for an impressive market share of more than 59%.
Residential smoke detectors by power source
Source: Technavio, 2016
The key vendors in the residential smoke detector market in the US are BRK, Honeywell, Kidde, and Siemens. The market is competitive as the vendors strive to provide high-quality products with additional features to the end users. The rapidly changing technological environment will negatively affect the vendors’ growth potential as customers expect continual innovations and upgrades. The present market scenario is forcing vendors to alter and refine their unique value proposition to achieve a strong market presence.
A more detailed analysis is available in the Technavio report, Residential Smoke Detector Market in the US 2016-2020.
We can customize reports by other regions and specific segments upon request.
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