Residential smoke detector: Key market research findings
- Availability of modified smoke detectors
- Growing application of smart smoke detectors
Technavio has released a new market research report on the global residential smoke detector market, which is expected to grow at a CAGR of 5% between 2016 and 2020. Due to safety and security concerns, builders in developing countries are installing smoke detectors in residential buildings. Growing security concerns among consumers, particularly in developing countries, are expected to boost the market’s growth during the forecast period. North America dominates the global market for residential smoke detectors, occupying around 39% of the total market share. Much of this region’s growth comes from the stringent government rules mandating the use of smoke detectors in the region.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, there are a number of modified and technologically advanced smoke detectors are available on the market. Vendors have made several prominent improvements such as include individual smoke detector sensitivity adjustment, maintenance-needed indication, and drift compensation. Moreover, vendors have come up with advanced signal analysis via software, which can differentiate between harmless smoke and life-threatening fire. For instance, Xtralis’ VESDA is a gas detector and environment monitor and helps in early detection of smoke,” says Brijesh Kumar Choubey, Lead Analyst, Consumer & Retail, Technavio Research
Smart smoke detectors are gaining traction in this market, owing to rapid development of smoke detector technology coupled with the Internet of Things (IoT) and big data technologies. Smart smoke detectors are programmable and can be connected to Wi-Fi networks. They are convenient to use and reduce the occurrences of nuisance and false alarms. These devices can also send notifications or fire alerts through messages or email and facilitate color-coded alerts in case the detectors are being used by hearing impaired individuals.
The key vendors in the global residential smoke detector market are Hochiki America, Honeywell, Siemens, Tyco and UTC. Intense competition prevails in this market, where the manufacturers are focused on developing new products to cater to the growing demand from end-users as well as to maintain a competitive edge in the market. The market leaders are providing high-quality products with additional features to enhance the performance of their products, while local vendors are providing products with only basic features at reduced costs.
A more detailed analysis is available in the Technavio report, Global Residential Smoke Detector Market 2016-2020
We can customize reports by other regions and specific segments upon request.
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