Europe Smoke Detector Market, By Power Source (Battery Powered, Hardwired with Battery Backup and Hardwired without Battery Backup), Product Type (Photoelectric Smoke Detector, Ionization Smoke Detector, Dual Sensor Smoke Detector and Others), Service (Engineering Services, Installation and Design Services, Maintenance Services, Managed Services and Other Services), End Use (Commercial, Residential, Oil & Gas and Mining, Transportation and Logistics, Telecommunication, Manufacturing and Others), Country (Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe ) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Europe Smoke Detector Market
The smoke detector market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.4% in the forecast period of 2021 to 2028 and is expected to reach USD 288.10 million by 2028. Growing adoption of smart smoke detectors amongst the customers to enhance safety and reduce fire events is expected to act as a major driving factor for the growth of the smoke detector market.
Smoke detectors are electronic fire protection devices that automatically sense smoke for key indication of fire and alerts, a warning sign to building occupants. Fire can occur in a variety of ways and on any property. Smoke detectors are the first key step towards the safety of lives and properties. There are two basic types of smoke detectors, namely photoelectric (optical) and ionization.
Rising safety concerns due to various fire incidents and accidents made it necessary for the consumers to adopt smoke detectors, which is expected to act as a major driving factor for the growth of the smoke detector market. High investment required for installation and upgradability of smoke detectors to the connected system or IOT is expected to act as a major restraint factor for the growth of the smoke detector market. Rapid adoption of IOT for smart smoke detectors is expected to act as a lucrative opportunity for the growth of the smoke detector market. Smoke detectors have various limitations related to detection range, which is expected to act as a major challenge for the growth of the smoke detector market.
This smoke detector market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the smoke detector market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Smoke Detector Market Scope and Market Size
The smoke detector market is segmented on the basis of power source, product type, service and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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 held the larger share in the market due to the dependency on power supply and battery back-up.
- On the basis of product type, the smoke detector market has been segmented into photoelectric smoke detector, ionization smoke detector, dual sensor smoke detector and others. In 2021, photoelectric smoke detector segment accounted for maximum share in the market due to factors such as rising safety concerns due to fire accidents, stringent government regulations for fire prevention and technological innovations in smoke detection system in countries such as Germany, U.K, Russia and others.
- On the basis of service, the smoke detector market has been segmented into engineering services, installation and design services, maintenance services, managed services and other services. In 2021, maintenance services segment held the largest share in the market owing to high revenue generation in maintenance and repair services.
- On the basis of end use, the smoke detector market has been segmented into commercial, residential, oil & gas and mining, transportation and logistics, telecommunication, manufacturing and others. In 2021, commercial segment held maximum share in the market due to emerging trend of smart homes and buildings.
Europe Smoke Detector Market Country Level Analysis
Europe smoke detector market is analysed and market size information is provided by the country, power source, product type, service and end use as referenced above.
The countries covered in Europe smoke detector market report are the Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe in Europe.
Germany dominates the Europe smoke detectors market owing to various factors such as growing adoption of smart smoke detectors, rising safety concerns due to fire accidents and stringent government regulations for fire prevention.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East and Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Safety Concerns due to Fire Accidents
The smoke detector market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in smoke detector and changes in regulatory scenarios with their support for the smoke detector market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Smoke Detector Market Share Analysis
The smoke detector market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East and Africa presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe smoke detector market.
The major players covered in the Europe smoke detector market report are Honeywell International Inc., Johnson Controls, Emerson Electric Co., Schneider Electric, Hochiki Corporation, ABB, Siemens, Carrier, ADT Inc., SECOM CO., LTD, Apollo Fire Detectors, Securiton AG, Protec Fire & Security Group Ltd, Gentex Corporation, Argus Spectrum International among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of the smoke detector market.
- In April 2021, Siemens announced the launch of new version of the fire protection system named as Cerberus FIT. Cerberus FIT maximizes fire safety and enhances productivity for those working on protecting the buildings. This launch will expand the company’s offering for the small to medium-sized buildings market and will help the company to grow in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for smoke detector through expanded range of size.
Customization Available: Europe Smoke Detector Market
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