Maintenance Services to Account for 36.64% Global Smoke Detector Market Share

Smoke detectors are electronic fire protection devices that detect the presence of smoke as a vital indicator of a fire and inform building occupants with a warning sign. Fires can start in a variety of places and at any time. Smoke detectors are the first and most important step toward ensuring the protection of people and property. Photoelectric and ionization smoke detectors are the two most common types. A photoelectric smoke detector is a type of smoke detector that comprises of a light emitting diode that emits infrared, visible, or ultraviolet light and a light-sensitive sensor positioned inside a chamber. A smoke detector that uses a small amount of radioactive material to ionize air in an interior sensor chamber is known as an ionization smoke detector.

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Data Bridge Market Research analyses that the smoke detector market is expected to grow at a CAGR of 8.7% in the forecast period of 2021 to 2028 and is expected to reach USD 3,808.63 million by 2028. Rising safety concerns as a result of fire incidents, as well as the developing trend of smart homes and buildings, are some of the drivers driving the market. Some of the aspects that are propelling growth of the market include the growing acceptance of internet of things (IoT) technology in smoke detectors and rising investment in the building industry.  

• The smoke detector market is anticipated to reach a value of USD 3,808.63 million by 2028, with a CAGR of around 8.7% during the forecast period from 2021 to 2028.
• North America dominated the smoke detector market in 2021 due to the surging cases of fire accidents, and strong fire protection laws in this region.
• Asia-Pacific is expected to register lucrative growth over the forecast period of 2021 to 2028 due to the infrastructure development and the rising adoption of smart smoke detectors in this region.
• The photoelectric smoke detector segment accounted for the largest share in 2021 at 60.54% as it responds faster to smouldering smoke, and also it has several properties such as longer shelf life, better to work in the harsh atmosphere, less prone to false alarms, and contains no radioactive materials.  
• The smoke detector market was negatively affected by COVID-19 outbreak. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations.

The rising frequency of accidental fire in the commercial and in residential places is expected to drive the market's growth rate during the forecast period.

Due to the rising frequency of accidental fires in both commercial and residential settings, the smoke detection equipment market is expected to rise significantly. Residential and commercial structures are more vulnerable to fire, even if it is a small fire. Smoke and fire detection devices are expected to become required safety equipment in the construction industry as a result of this aspect. Multiple stories with compact structures are common in modern business and residential infrastructure, necessitating the installation of smoke and fire protection equipment. Increased safety requirements in the infrastructure industry are estimated to drive demand even higher.

Report Scope and Market Segmentation

Segment Analysis:

The smoke detector market is segmented on the basis of power source, product type, service and end use.

• On the basis of power source, the smoke detector market is segmented into battery powered, hardwired with battery backup and hardwired without battery backup. In 2021, hardwired with battery backup segment is expected to dominate the market with a 56.43% market share due to factor such as, dependency on the power supply and battery backup. Moreover, these two are interconnected, if the fire is detected in an area, then it will automatically send alert to other smoke detector.

In 2021, the hardwired with battery backup segment of power source segment is anticipated to dominate the smoke detector market

In 2021, the hardwired with battery backup segment of this market will dominate the smoke detector market due to factor such as, dependency on the power supply and battery backup. Moreover, these two are interconnected, if the fire is detected in an area, then it will automatically send alert to other smoke detector. The hardwired with battery backup segment is expected reach the highest CAGR of 9.2% in the forecast period of 2021-2028.

• On the basis of product type, the smoke detector market is segmented into photoelectric smoke detector, ionization smoke detector, dual sensor smoke detector and others. In 2021, the photoelectric smoke detector is expected to dominate the market with a 60.54% market share as it responds faster to smouldering smoke, and also it has several properties such as longer shelf life, better to work in the harsh atmosphere, less prone to false alarms, and contains no radioactive materials.

In 2021, the photoelectric smoke detector segment is projected to hold the largest share of product type segment in the smoke detector market

In 2021, photoelectric smoke detector segment is anticipated to hold the largest share of global smoke detector market as it responds faster to smouldering smoke, and also it has several properties such as longer shelf life, better to work in the harsh atmosphere, less prone to false alarms, and contains no radioactive materials. The photoelectric smoke detector segment is growing with a CAGR of 8.8% in the forecast period of 2021 to 2028.

• On the basis of service, the smoke detector market is segmented into engineering services, installation and design services, maintenance services, managed services and other services. In 2021, maintenance services are expected to dominate the market with a 36.64% market share owing to factors such high revenue generation in maintenance and repair services, also the need for continuous maintenance of the smoke detectors for critical early warning, and maintaining the optimum operating performance of the smoke alarms is highly required for their better functionality.
• On the basis of end use, the global smoke detector market is segmented into commercial, residential, oil & gas and mining, transportation and logistics, telecommunication, manufacturing and others. In 2021, the commercial segment is expected to dominate the market with a 28.59% market share due increased chances of fire incidents in commercial spaces and the wide installation of smoke detectors in commercial buildings.

Major Players

Data Bridge Market Research recognizes the following companies as the major smoke detector market players in smoke detector market are Honeywell International Inc. (U.S.), HOCHIKI Corporation (Japan), Johnson Controls International plc. (U.S.), Siemens (Germany), Emerson Electric Co. (U.S.), Robert Bosch GmbH (Germany), Schneider Electric (France), ABB (Switzerland).   

Market Development - 

• In April 2021, Siemens AG’s Smart Infrastructure segment announced the launch of the new version of the fire protection system named Cerberus FIT with the aim of expanding its offering for the small to medium-sized buildings market. Cerberus FIT improves fire safety by increasing functionality and productivity for individuals responsible for defending buildings. The technician can install, commission, and maintain the system quickly, easily, and reliably due to the intuitive interface and auto setup tool.
• In March 2021, Johnson announced the launch of their first microprocessor-based conventional fire detector 700 series, which can monitor and react rapidly to building fire conditions precisely. Because these traditional detectors have a microprocessor, they can run advanced algorithms, resulting in the same detection performance and false alarm rejection as the company's latest non-Fastlogic Gen6 detectors. The 700 Series Detectors are appropriate for small commercial buildings such as retail outlets and business campuses since they provide a complete fire detection solution, including drift correction.

Regional Analysis

Geographically, the countries covered in the smoke detector market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe, China, India, Japan, South Korea, Australia, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific, South Africa, Egypt, Saudi Arabia, U.A.E, Israel, Rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

North America is the dominant region in smoke detector market during the forecast period 2021 - 2028

North America will continue to dominate the smoke detector market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2021-2028. It has the highest number of fire accidents and deaths due to fire incidents which subsequently increases the need for a smoke detector in the region. U.S. dominates the North America region due to the surging cases of fire accidents, strong fire protection laws, and strong presence of major players in this region.

Asia-Pacific is estimated to be the fastest growing region in smoke detector market the forecast period 2021 - 2028

Asia-Pacific region is anticipated to grow at the highest rate during the forecast period of 2021-2028 due to the infrastructure development and the rising adoption of smart smoke detectors in the region. China is anticipated to hold the largest market share in Asia-Pacific region due to the presence of small number of manufacturers for smoke detectors in this region.

COVID-19 Impact Analysis

The worldwide economy and all industries have been negatively impacted by COVID-19. Lockdowns have been enacted by governments around the world to stop the pandemic from spreading. People's livelihoods and quality of life were badly disrupted by the global lockdown during the early stages of the pandemic in several countries. The supply chains all around the world are experiencing interruptions. As a result of a significant drop in product demand, economies all around the world have suffered. Due to the epidemic, which resulted in a shortage of raw materials, production across industries has been slowed. The drop in production is primarily due to a decrease in exports and supply chain interruptions.

During the first half of 2020, the COVID-19 outbreak had an impact on the smoke detector market. Because of the virus's quick spread, many industries have been compelled to implement lockdown and shutdown procedures, causing supply chain disruptions, manpower shortages, manufacturing delays, and delays in the export of smoke detector products and other components. The resumption of manufacturing activities in the second half of 2020, however, has resulted in a significant increase in smoke detector adoption in the healthcare, residential, and manufacturing end-use industries.

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