About Smoke Alarms
Smoke alarms are all-in-one self-contained units that include the smoke sensor and the audible alarm. Smoke alarms, which are properly installed and maintained, play a vital role in reducing fire deaths and injuries. If there is a fire in residential space, smoke spreads fast and people inside the home needs smoke alarms to early get out. According to the latest edition of the NFPA 72 National Fire Alarm and Signaling Code, a user need to install smoke alarms inside every bedroom, outside every sleeping area (like a hallway that connects a bunch of rooms), and on every level of the home, including the basement.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Smoke Alarms market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Smoke Alarms market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Smoke Alarms market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BRK Brands Inc. (United States), Aico Ltd (United Kingdom), American Sensors Inc. (Canada), Vivint Inc. (United States), Walter Kidde Portable Equipment Inc. (United States), Kidde Inc. (United States) and Universal Security Instruments (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Smoke Alarms market by , Application (Residential and Commercial) and Region.
On the basis of geography, the market of Smoke Alarms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sensor Type, the sub-segment i.e. Photoelectric will boost the Smoke Alarms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connection Type, the sub-segment i.e. Wired will boost the Smoke Alarms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Smoke Alarms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Power Supply, the sub-segment i.e. Battery-Powered will boost the Smoke Alarms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
An Emergence of IoT Based Smoke Alarms
Market Growth Drivers:
The Growing incidences of Fire deaths and injuries in the Residential and Commercial Spaces, The Increased Awareness of Safety & Security among the People and The Rising Disposable Income of an Individual
Challenges:
Replacement of Smoke Alarms after Every Ten Years
Restraints:
Risk of Failure to Alert Consumers to a Fire
Opportunities:
The Supportive Government Norms towards Safety & Security and Growing Consumer Base in Developing Countries Owing to Increased Disposable Income and Awareness
Market Leaders and their expansionary development strategies
In May 2019, Kidde is the first smoke alarm manufacturer to receive certification to the UL Standard for Smoke Alarms, UL 217, 8th Edition, set to take effect in May of 2020. The new Kidde smoke alarms utilize Kidde’s TruSense sensor and are designed to reduce common cooking nuisance alarms and respond faster to different types of fire.
In July 2019, Universal Security Instruments Recalls to Inspect Smoke Alarms Due to Risk of Failure to Alert Consumers to a Fire.
Key Target Audience
Smoke Alarms Manufacturers, Smoke Alarms Raw Material Suppliers, Smoke Alarms Traders/Distributors, Smoke Alarms Importer/Exporter, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.