The North America Smoke Detector Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 18,496.7 thousand Units, showcasing a growth of 7.2% (2019-2022).
Implementation of residential safety standards is driving the market. The increased concern about fire safety has prompted the US Fire Administration (USFA) to set guidelines. Smoke detectors must now be installed inside every bedroom, outside each sleeping area, and on each level of the home, including the basement, and one carbon monoxide detector on each level and in each sleeping area. Photoelectric detectors are generally utilized in homes, as they quickly detect smoke from burning fabrics and furnishings. One of the most emerging trends in the market is the amalgamation of smartphones.
Smartphone-connected smoke detectors are convenient since they can be easily disabled and work well in any home prone to steam or cooking smoke, such as the kitchen or near bathrooms. In addition to establishing escape routes and early warning systems, the Building Regulations, which government agencies publish, establish the framework for preventing the spread of fire. Numerous governments have mandated the installation of smoke detection systems in both residential and commercial buildings in accordance with these regulations.
Furthermore, according to the National Institute of Standards and Technology, in 2021, manufacturing contributed $2.3 trillion to U.S. GDP, amounting to 12.0 % of total U.S. GDP. Including direct and indirect (i.e., purchases from other industries) value-added, manufacturing contributed an estimated 24 % of GDP. Manufacturing facilities in the U.S. are subject to stringent safety regulations and standards. Compliance with these regulations often mandates the installation of reliable fire safety systems, including smoke detectors, to protect workers and assets. As a result, these aspects will boost the market growth in the coming years.
The US market dominated the North America Smoke Detector Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $893.8 million by 2030. The Canada market is showcasing a CAGR of 9.7% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 8.8% during (2023 - 2030).
Based on Installation Type, the market is segmented into Hardwired, and Battery-operated. Based on Product Type, the market is segmented into Photoelectric, Ionization, Dual Sensor, and Others. Based on End User, the market is segmented into Commercial, Oil Gas, Residential, Manufacturing, Telecom IT, Automotive, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smoke Detector Market is Predict to reach USD 3.8 Billion by 2030, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hochiki Corporation, Honeywell International, Inc., Ceasefire Industries Pvt. Ltd., Johnson Controls International PLC, Google LLC (Alphabet Inc.), ABB Group, Robert Bosch GmbH, Secom Co. Ltd., Schneider Electric SE, and Siemens AG.
By Installation Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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