Smoke detectors are fire protection systems which automatically detects and warns about smoke. They are used in the residential sector which gives audible or visual warnings, whereas in the commercial sectors they send signals to the fire alarm system.
Smoke detectors are normally installed in a small, circular plastic case and mounted on the roof where fire or fire hazards risk can easily be detected.
Market size for smoke detectors
The global smoke detector market size is expected to reach approximately US$ 3 billion by the end of 2026 from the US$ 1.2 billion in 2019.
Analysis of the smoke detectors market
The global demand for smoke detectors has steadily increased due to smart home trend, increased awareness and regulations about safety issues. The market for smoke detectors will further be supported by public building such as entertainment, hotels, schools and other commercial buildings.
In the coming years, the rapid development of data centres, IT hubs and smart buildings will further fuel the global smoke detector market.
In addition, the convergence of smoke detectors with digitalisation such as internet of things (IoT) and artificial intelligence (AI) will also play a key role in improving demand for smoke detectors demand around the world.
Apart from this, the implementation of several government initiatives and fire-reduction policies, especially in emerging economies, will provide monetary support for the installation of smoke detectors in homes. These initiatives will help to increase the demand for smoke and fire detections alarms.
However, the higher installation and replacement costs as a result of the transition from traditional to modern detectors will pose significant challenges to the global smoke detectors market.