SAN FRANCISCO, July 4, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Smoke Detector - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass Research Platform
- Complimentary updates for one year
Edition: 7; Released: January 2022
Executive Pool: 18259
Companies: 11 - Players covered include Hochiki Corporation; Honeywell International, Inc.; Johnson Controls, Inc.; NEC Corporation; Nest Labs; Robert Bosch GmbH; Schneider Electric SA; Siemens AG; Tyco International PLC; United Technologies Corporation (UTC) and Others.
Coverage: All major geographies and key segments
Segments: End-Use Industry (Commercial, Residential, Oil, Gas & Mining, Manufacturing, Other End-Use Industries); Power Source (Battery Powered, Hardwired with Battery Backup, Hardwired without Battery Backup); Product (Photoelectric Smoke Detector, Ionization Smoke Detector, Dual Sensor Smoke Detector, Other Products)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry
Global Smoke Detector Market to Reach $2.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Smoke Detector estimated at US$1.5 Billion, is projected to reach a revised size of US$2.5 Billion by 2026, growing at a CAGR of 7.9% over the analysis period. Battery Powered, one of the segments analyzed in the report, is projected to record a 8.9% CAGR and reach US$1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardwired with Battery Backup segment is readjusted to a revised 7.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $449.6 Million in 2021, While China is Forecast to Reach $540.8 Million by 2026
The Smoke Detector market in the U.S. is estimated at US$449.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$540.8 Million by the year 2026 trailing a CAGR of 12.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 7.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Hardwired without Battery Backup Segment to Reach US$345.4 Million by the year 2026
In the global Hardwired without Battery Backup segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$171.5 Million will reach a projected size of US$265.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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