Market Overview:
The global commercial smoke alarm market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing awareness about fire safety and the rising demand for advanced smoke alarms in commercial buildings. The photoelectric smoke alarm segment is expected to hold the largest share of the global commercial smoke alarm market in 2018, owing to its high adoption rate in office buildings and other commercial establishments. However, the ionization smoke alarm segment is projected to grow at a higher CAGR during the forecast period, as it is more sensitive than other types of alarms and can detect small particles of fire. In terms of application, office buildings are expected to account for the largest share of the global commercial smoke alarm market in 2018. This can be attributed to stringent fire safety regulations imposed by various governments across different regions worldwide.
Product Definition:
A commercial smoke alarm is an alarm designed to detect fire in a commercial setting. Commercial smoke alarms are usually mounted on the ceiling and may have a photoelectric or ionization sensor. The importance of a commercial smoke alarm is that it can warn people in a business setting of a fire, which can help to prevent injuries or fatalities.
Photoelectric Smoke Alarm:
The photoelectric smoke alarm is a type of fire detection device that uses the principle of light and shadow to detect fires. These devices are used in places such as hospitals, hotels, schools, residential buildings and factories. The growth factor for this market is due to growing demand for advanced technology in safety equipment coupled with government regulations on the installation of these alarms.
Ionization Smoke Alarm:
Ionization smoke alarm is a battery-powered device that produces an alert in the event of smoke or fire. It works on the principle of ionization, which involves producing and detecting charged particles (ions) caused due to heat. These alarms are primarily used in residential areas for detecting fires as they produce a soft tone when there is no need for an emergency evacuation.
The market size was valued at USD 2,47,000 million in 2015.
Application Insights:
The shopping mall segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the increasing number of open-air retail complexes, popularly known as shopping malls across the globe. Shopping malls are considered to be high-risk locations owing to a rise in fire accidents due to short circuit or power failure during emergencies. To avoid such situations, multiple smoke alarms are installed at different levels and areas around the complex so that they could raise an alarm and notify people about a fire break out.
The office building segment is expected register significant growth over the forecast period owing to growing corporate offices across countries worldwide including North America, Europe, Asia Pacific and Middle East & Africa regions. Smoke alarms are mandatory installed with each room having at least one smoke detection device within its premises according with building codes set by local governments or state agencies responsible for enforcing them based on community safety standards designed by Fire Prevention Services Departments (FPSD).
Regional Analysis:
North America dominated the global commercial smoke alarm market in 2017. The region is expected to witness a rise in demand for the product over the forecast period owing to stringent government regulations and building codes that mandate installation of these alarms. In addition, growing awareness about fire safety among people is anticipated to propel industry growth over the next eight years.
Asia Pacific is expected to be one of fastest-growing regions due to rapid urbanization and industrialization across countries such as China, India, Indonesia, Malaysia and Thailand. These countries are witnessing an increasing number of commercial buildings including offices, hotels/motels/inns, shopping malls and airports among others which will drive demand for these alarms in this region over the forecast period.
Growth Factors:
- Increasing demand for smoke alarms from the commercial sector as a result of growing awareness about fire safety and its importance
- Stringent government regulations and codes pertaining to fire safety in commercial buildings
- Rising number of fires in commercial establishments, which is driving the demand for smoke alarms
- Growing adoption of advanced smoke alarm technologies, such as photoelectric and ionization detectors
- Proliferation of smart homes and connected devices, which is creating opportunities for the deployment of wireless smoke alarms
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Smoke Alarm Market Research Report
By Type
Photoelectric Smoke Alarm, Ionization Smoke Alarm, Dual Sensor Smoke Alarm
By Application
Office Building, Airport, Shopping Mall, Others
By Companies
Kidde, BRK, Ei Electronics, X-SENSE, FireAngel Safety Technology Group, Smartwares, Hekatron, Nest Labs, Busch-jaeger
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Smoke Alarm Market Report Segments:
The global Commercial Smoke Alarm market is segmented on the basis of:
Types
Photoelectric Smoke Alarm, Ionization Smoke Alarm, Dual Sensor Smoke Alarm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Office Building, Airport, Shopping Mall, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kidde
- BRK
- Ei Electronics
- X-SENSE
- FireAngel Safety Technology Group
- Smartwares
- Hekatron
- Nest Labs
- Busch-jaeger
Highlights of The Commercial Smoke Alarm Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Photoelectric Smoke Alarm
- Ionization Smoke Alarm
- Dual Sensor Smoke Alarm
- By Application:
- Office Building
- Airport
- Shopping Mall
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Smoke Alarm Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial smoke alarm is a type of alarm that is used in businesses and other places where people are likely to be working or living. These alarms are designed to help protect people from the dangers of fire.
Some of the major companies in the commercial smoke alarm market are Kidde, BRK, Ei Electronics, X-SENSE, FireAngel Safety Technology Group, Smartwares, Hekatron, Nest Labs, Busch-jaeger.
The commercial smoke alarm market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Smoke Alarm Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Commercial Smoke Alarm Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Commercial Smoke Alarm Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Commercial Smoke Alarm Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Commercial Smoke Alarm Market Size & Forecast, 2020-2028 4.5.1 Commercial Smoke Alarm Market Size and Y-o-Y Growth 4.5.2 Commercial Smoke Alarm Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Photoelectric Smoke Alarm
5.2.2 Ionization Smoke Alarm
5.2.3 Dual Sensor Smoke Alarm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Office Building
6.2.2 Airport
6.2.3 Shopping Mall
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Smoke Alarm Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Smoke Alarm Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Photoelectric Smoke Alarm
9.6.2 Ionization Smoke Alarm
9.6.3 Dual Sensor Smoke Alarm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Office Building
9.10.2 Airport
9.10.3 Shopping Mall
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Photoelectric Smoke Alarm
10.6.2 Ionization Smoke Alarm
10.6.3 Dual Sensor Smoke Alarm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Office Building
10.10.2 Airport
10.10.3 Shopping Mall
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Photoelectric Smoke Alarm
11.6.2 Ionization Smoke Alarm
11.6.3 Dual Sensor Smoke Alarm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Office Building
11.10.2 Airport
11.10.3 Shopping Mall
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Photoelectric Smoke Alarm
12.6.2 Ionization Smoke Alarm
12.6.3 Dual Sensor Smoke Alarm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Office Building
12.10.2 Airport
12.10.3 Shopping Mall
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Photoelectric Smoke Alarm
13.6.2 Ionization Smoke Alarm
13.6.3 Dual Sensor Smoke Alarm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Office Building
13.10.2 Airport
13.10.3 Shopping Mall
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Smoke Alarm Market: Competitive Dashboard
14.2 Global Commercial Smoke Alarm Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kidde
14.3.2 BRK
14.3.3 Ei Electronics
14.3.4 X-SENSE
14.3.5 FireAngel Safety Technology Group
14.3.6 Smartwares
14.3.7 Hekatron
14.3.8 Nest Labs
14.3.9 Busch-jaeger