Market Overview:
The global residential smoke alarm market is expected to grow at a CAGR of 5.5% 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 smoke alarms in residential applications. The photoelectric smoke alarm segment is expected to dominate the global residential smoke alarm market during the forecast period, owing to its high efficiency in detecting smoldering fires. However, the ionization smoke alarm segment is projected to grow at a higher CAGR than other segments during the forecast period, as it is more effective in detecting flaming fires. In terms of application, the home Smoke Alarm segment accounted for majority of share in 2017 and is projected to maintain its dominance throughoutthe forecast period.
Product Definition:
A smoke alarm is a device that detects smoke and issues an alarm to alert people in the vicinity of a possible fire. Smoke alarms are important for residential safety, as they can provide early warning of a fire so that people can evacuate safely.
Photoelectric Smoke Alarms:
The photoelectric smoke alarms are the latest innovation in home safety technology. These devices use a combination of light and electricity to detect fires. The advantage of these alarms is that they can be used even if there is no power supply, unlike ionization or heat-based smoke detectors which require a continuous electric current for operation.
Ionization Smoke Alarms:
Ionization smoke alarms are the most effective type of smoke alarms. They produce a beam of ionizing radiation which is very harmful to the fire. This alarm has an advantage over other types as it not only gives off a loud signal but also provides complete coverage for detecting fires in different parts of the house, making it one of the best choices among consumers.
Ionization smoke detectors have been tested & certified by Underwriters Laboratories (UL).
Application Insights:
The home smoke alarm application segment accounted for the largest revenue share of over 50% in 2017. The growing awareness about the safety and security of homes across various regions is propelling demand for residential smoke alarms. According to a survey conducted by the National Fire Protection Association (NFPA), nearly nine out of ten fire deaths occur in residential structures, which indicates a high demand-supply gap for these devices.
The public places smoke alarm application segment is expected to witness significant growth over the forecast period owing to increasing investments by governments and non-government organizations (NGOs) in improving citizens¢â‚¬â„¢ safety against fire hazards such as electrical short circuits, burning candles, or pilot lights that may lead to fires at any time. Smoke alarms are required by law within certain areas such as hospitals, airports, railway stations etc., so consumers prefer buying them from reliable vendors who offer easy installation services at affordable prices.
Regional Analysis:
North America dominated the global residential smoke alarm market in 2017. The region is expected to witness a considerable growth rate of 5.4% over the forecast period, owing to an increase in home construction and renovation activities across U.S., Canada, and Mexico. In addition, according to statistics published by the National Fire Protection Association (NFPA), around 90% of homes in U.
Growth Factors:
- Increasing awareness about the importance of smoke alarms for home safety
- Stringent government regulations and codes mandating the use of smoke alarms in residential buildings
- Growing demand from emerging markets, especially in Asia Pacific
- Technological advancements that have led to the development of more advanced and sensitive smoke alarms
- Rising number of fires due to faulty wiring, arson, and other causes
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Smoke Alarm Market Research Report
By Type
Photoelectric Smoke Alarms, Ionization Smoke Alarms, Combination Smoke Alarms,
By Application
Home Smoke Alarm, Public Places Smoke Alarm,
By Companies
BRK Brands, Kidde, Honeywell Security, Johnson Controls, Johnson Controls, Halma, Hochiki, FireAngel Safety Technology Group, Universal Security Instruments, Siemens, Ei Electronics, Nohmi Bosai, Panasonic, X-SENSE, Smartwares, Hekatron, Nest, Busch-jaeger, Gulf Security Technology, Nittan, Shanying Fire, Forsafe, D&K Group International, Shenzhen Gabel Electronics
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Residential Smoke Alarm Market Report Segments:
The global Residential Smoke Alarm market is segmented on the basis of:
Types
Photoelectric Smoke Alarms, Ionization Smoke Alarms, Combination Smoke Alarms,
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
Home Smoke Alarm, Public Places Smoke Alarm,
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:
- BRK Brands
- Kidde
- Honeywell Security
- Johnson Controls
- Johnson Controls
- Halma
- Hochiki
- FireAngel Safety Technology Group
- Universal Security Instruments
- Siemens
- Ei Electronics
- Nohmi Bosai
- Panasonic
- X-SENSE
- Smartwares
- Hekatron
- Nest
- Busch-jaeger
- Gulf Security Technology
- Nittan
- Shanying Fire
- Forsafe
- D&K Group International
- Shenzhen Gabel Electronics
Highlights of The Residential 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 Alarms
- Ionization Smoke Alarms
- Combination Smoke Alarms
- By Application:
- Home Smoke Alarm
- Public Places Smoke Alarm
- 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 Residential 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.
How you may use our products:
- Correctly Positioning New Products
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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 residential smoke alarm is a device that detects the presence of smoke and sounds an alarm to warn people in the home. Smoke alarms are typically installed in bedrooms, living rooms, and other areas where people spend a lot of time. When activated, the alarm will send a signal to your phone or other notification system.
Some of the major companies in the residential smoke alarm market are BRK Brands, Kidde, Honeywell Security, Johnson Controls, Johnson Controls, Halma, Hochiki, FireAngel Safety Technology Group, Universal Security Instruments, Siemens, Ei Electronics, Nohmi Bosai, Panasonic, X-SENSE, Smartwares, Hekatron, Nest, Busch-jaeger, Gulf Security Technology, Nittan, Shanying Fire, Forsafe, D&K Group International, Shenzhen Gabel Electronics.
The residential smoke alarm market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential Smoke Alarm Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Residential Smoke Alarm Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Residential Smoke Alarm Market - Supply Chain
4.5. Global Residential Smoke Alarm Market Forecast
4.5.1. Residential Smoke Alarm Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Residential Smoke Alarm Market Size (000 Units) and Y-o-Y Growth
4.5.3. Residential Smoke Alarm Market Absolute $ Opportunity
5. Global Residential Smoke Alarm Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Residential Smoke Alarm Market Size and Volume Forecast by Type
5.3.1. Photoelectric Smoke Alarms
5.3.2. Ionization Smoke Alarms
5.3.3. Combination Smoke Alarms
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Residential Smoke Alarm Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Residential Smoke Alarm Market Size and Volume Forecast by Application
6.3.1. Home Smoke Alarm
6.3.2. Public Places Smoke Alarm
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Residential Smoke Alarm Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Residential Smoke Alarm Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Residential Smoke Alarm Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Residential Smoke Alarm Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Residential Smoke Alarm Demand Share Forecast, 2019-2026
9. North America Residential Smoke Alarm Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Residential Smoke Alarm Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Residential Smoke Alarm Market Size and Volume Forecast by Application
9.4.1. Home Smoke Alarm
9.4.2. Public Places Smoke Alarm
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Residential Smoke Alarm Market Size and Volume Forecast by Type
9.7.1. Photoelectric Smoke Alarms
9.7.2. Ionization Smoke Alarms
9.7.3. Combination Smoke Alarms
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Residential Smoke Alarm Demand Share Forecast, 2019-2026
10. Latin America Residential Smoke Alarm Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Residential Smoke Alarm Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Residential Smoke Alarm Market Size and Volume Forecast by Application
10.4.1. Home Smoke Alarm
10.4.2. Public Places Smoke Alarm
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Residential Smoke Alarm Market Size and Volume Forecast by Type
10.7.1. Photoelectric Smoke Alarms
10.7.2. Ionization Smoke Alarms
10.7.3. Combination Smoke Alarms
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Residential Smoke Alarm Demand Share Forecast, 2019-2026
11. Europe Residential Smoke Alarm Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Residential Smoke Alarm Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Residential Smoke Alarm Market Size and Volume Forecast by Application
11.4.1. Home Smoke Alarm
11.4.2. Public Places Smoke Alarm
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Residential Smoke Alarm Market Size and Volume Forecast by Type
11.7.1. Photoelectric Smoke Alarms
11.7.2. Ionization Smoke Alarms
11.7.3. Combination Smoke Alarms
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Residential Smoke Alarm Demand Share, 2019-2026
12. Asia Pacific Residential Smoke Alarm Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Residential Smoke Alarm Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Residential Smoke Alarm Market Size and Volume Forecast by Application
12.4.1. Home Smoke Alarm
12.4.2. Public Places Smoke Alarm
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Residential Smoke Alarm Market Size and Volume Forecast by Type
12.7.1. Photoelectric Smoke Alarms
12.7.2. Ionization Smoke Alarms
12.7.3. Combination Smoke Alarms
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Residential Smoke Alarm Demand Share, 2019-2026
13. Middle East & Africa Residential Smoke Alarm Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Residential Smoke Alarm Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Residential Smoke Alarm Market Size and Volume Forecast by Application
13.4.1. Home Smoke Alarm
13.4.2. Public Places Smoke Alarm
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Residential Smoke Alarm Market Size and Volume Forecast by Type
13.7.1. Photoelectric Smoke Alarms
13.7.2. Ionization Smoke Alarms
13.7.3. Combination Smoke Alarms
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Residential Smoke Alarm Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Residential Smoke Alarm Market: Market Share Analysis
14.2. Residential Smoke Alarm Distributors and Customers
14.3. Residential Smoke Alarm Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BRK Brands
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Kidde
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Honeywell Security
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Johnson Controls
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Johnson Controls
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Halma
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hochiki
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. FireAngel Safety Technology Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Universal Security Instruments
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Siemens
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ei Electronics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nohmi Bosai
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Panasonic
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. X-SENSE
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Smartwares
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Hekatron
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nest
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Busch-jaeger
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Gulf Security Technology
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Nittan
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
