Product Code: CMI4422
Global smoke alarms market is estimated to be valued at US$ 840.9 million in 2024 and is expected to reach US$ 1,534.3 million by 2031, exhibiting a compound annual growth rate (CAGR) of 9% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 840.9 Mn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
9.00% |
2031 Value Projection: |
US$ 1,534.3 Mn |
Figure. Smoke Alarms Market Share (%), By Region 2024
The global smoke alarms market has been witnessing significant growth in recent years owing to rising safety concerns and implementation of stringent fire safety regulations across both developed and developing economies. Smoke alarms play a crucial role in home fire safety by alerting occupants in case of smoke or fire. Technological advances have led to the development of advanced alarms with features such as 10-year sealed battery, programmable alarm sound levels, and interconnectivity allowing multiple alarms to sound in an event of fire. Rising consumer awareness about home safety along with government policies mandating installation of alarms is expected to drive the demand for smoke alarms in the coming years.
Market Dynamics:
The global smoke alarms market is primarily driven by the rising number of residential and commercial construction activities. Additionally, implementation of stringent norms and regulations mandating the installation of smoke alarms in both residential and commercial buildings by regulatory bodies like building codes and fire safety departments across countries is further propelling the market growth. However, availability of cheaper alternatives from local players along with short lifespan of battery-powered alarms pose challenges to market players. On the other hand, development of innovative solutions such as wireless interconnected alarms and alarms with enhanced features provides lucrative opportunities for manufacturers in the industry.
Key Features of the Study:
This report provides in-depth analysis of the global smoke alarms market and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global smoke alarms market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Panasonic Corporation, Halma plc, Hochiki Corporation, Honeywell International, Inc., Johnson Controls, Robert Bosch GMBH, Siemens AG, TYCO, United Technologies Corporation (UTC), Kidde, X-Sense, BRK Electronics, Nest, Smartwares, Universal Security Instruments, Inc., Busch-Jaeger, Ei Electronics, and Hekatron
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global smoke alarms market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global smoke alarms market
Market Segmentation
- By Type Insights (Revenue, USD, 2019 - 2031)
- Photoelectric Smoke Alarm
- Ionization Smoke Alarm
- Dual Sensor Smoke Alarm
- Multi-Criteria Alarms
- By Power Type Insights (Revenue, USD, 2019 - 2031)
- Hardwired
- Battery Powered
- 10 Year Sealed
- Plug-in
- Wireless
- By Application Insights (Revenue, USD, 2019 - 2031)
- Commercial
- Residential
- Industrial
- By Distribution Channel Insights (Revenue, USD, 2019 - 2031)
- E-commerce Channel
- Retail
- Distributors
- Electrical Wholesale
- Clubs
- Retailers
- Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Panasonic Corporation
- Halma plc
- Hochiki Corporation
- Honeywell International, Inc.
- Johnson Controls
- Robert Bosch GMBH
- Siemens AG
- TYCO
- United Technologies Corporation (UTC)
- Kidde
- X-Sense
- BRK Electronics
- Nest
- Smartwares
- Universal Security Instruments, Inc.
- Busch-Jaeger
- Ei Electronics
- Hekatron
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Power Type
- Market Snippet, By Application
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. market dynamics, regulations, and trends analysis
- Market Dynamics
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Smoke Alarms Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Smoke Alarms Market - COVID-19
- Impact Analysis
5. Global Smoke Alarms Market, By Type, 2024-2031, (USD MN)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Photoelectric Smoke Alarm
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Ionization Smoke Alarm
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Dual Sensor Smoke Alarm
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Multi-Criteria Alarms
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
6. Global Smoke Alarms Market, By Power Type, 2024-2031, (USD MN)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hardwired
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Battery Powered
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- 10 Year Sealed
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Plug-in
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Wireless
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Smoke Alarms Market, By Application, 2024-2031, (USD MN)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Commercial
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Residential
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Industrial
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
8. Global Smoke Alarms Market, By Distribution Channel, 2024-2031, (USD MN)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- E-commerce Channel
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Retail
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Distributors
- Clubs
- Retailers
9. Global Smoke Alarms Market, By Region, 2019 - 2031, Value (USD MN)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Power Type, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD MN)
- Countries
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Power Type , 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD MN)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Power Type , 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD MN)
- Countries
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Power Type , 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD MN)
- Countries
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Power Type , 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD MN)
- Countries
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Power Type, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD MN)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD MN)
- Countries
- South Africa
- North Africa
- Central Africa
10. COMPETITIVE LANDSCAPE
- Panasonic Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Halma plc
- Company Highlights
- Product Portfolio
- Key Developments
- Hochiki Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Honeywell International, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Johnson Controls
- Robert Bosch GMBH
- Siemens AG
- TYCO
- United Technologies Corporation (UTC)
- Kidde
- X-Sense
- BRK Electronics
- Nest
- Smartwares
- Universal Security Instruments, Inc.
- Busch-Jaeger
- Ei Electronics
- Hekatron
11. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
12. References and Research Methodology
- References
- Research Methodology
- About us