NORTH AMERICA SMOKE DETECTORS MARKET FORECAST 2022-2030

The North America smoke detectors market is set to project a CAGR of 6.93% during the forecast period, 2022-2030, and reach a revenue of $1080.78 million by 2030.

The smoke detectors market growth in North America is attributed to the vast use of smoke detectors across residential and commercial sectors in the US. Additionally, the stringent regulations by the government to make use of fire detectors in all residential buildings offer market growth opportunities. Also, as per the National Fire Protection Association (NFPA), around 3 out of 5 home fire deaths in the United States are caused by fires in homes with no smoke alarms or malfunctioning smoke alarms.

To know more about this report, request a free sample copy

The North America smoke detectors market growth analysis includes the assessment of Canada and the United States. According to studies, almost 4000 Americans die annually in house fires. According to the Ontario Association of Fire Chiefs, residential fires comprise 73% of the total fire-related fatalities in Canada. Besides, fire damages associated with residential structures can incur thousands of dollars. Furthermore, North America houses several important companies like BRK Brands Inc, Honeywell International Inc, Carrier Global Corporation, etc. Such aspects drive the smoke detectors market growth in North America.

The North America smoke detectors market scope includes the analysis of product type, end-user, and power source. The end-user segment includes oil & gas, automotive, commercial, manufacturing, residential, telecommunication, and other end-users.

The oil & gas industry is one of the biggest sectors globally, generating around $3.3 trillion in revenue every year. Oil is vital to the global economic framework, particularly for its largest producers, China, Canada, Russia, Saudi Arabia, and the United States. The exploration and production (E&P) or upstream companies locate reservoirs and drill oil & gas wells.

Further, downstream companies undertake the refining and sale of finished products, and midstream companies undertake the transportation from the wells to refineries. Additionally, the systems and processes involved in producing and distributing oil & gas need state-of-the-art technologies, and are highly complex and capital intensive. Accordingly, the oil & gas industry needs smoke detectors.

The automotive sector comprises a diverse group of organizations and companies engaged in automobiles marketing, design, sale, manufacturing, and development. It is one of the largest industries globally in terms of revenue. The primary products are light trucks, including sports utility vehicles, vans, and pickups, and passenger automobiles. Moreover, smoke detectors are used in automotive manufacturing plants.

The residential sector entails building and selling multi-family and individual dwellings. The industry participants encompass surveyors, building firms, and developers. Several countries require local planning authority or government permission for new buildings. At the same time, regulations govern construction methods.

Further, developers are following several fire safety norms documented in the International Building Code (IBC) with the rising number of fire accidents globally. Moreover, the residential sector is one of the fastest-growing end-users of smoke detectors.

Some of the leading companies operating in the North America smoke detectors market include Honeywell International Inc, Hochiki Corporation, Google Nest (Google), Ceasefire Industries Pvt Ltd, etc.

Honeywell International Inc is a diversified technology & manufacturing company that offers aerospace products & services, businesses & transportation, electronic & advanced materials, safety & security technologies for buildings, industries, and homes, energy & security, etc. The company serves aerospace, buildings & industries, refining & petrochemicals, etc. It is headquartered in Charlotte, North Caroline, the United States, with operations in Asia-Pacific, the Middle East & Africa, Latin America, Europe, and North America.

One of its key products is the 100 Series™ Low-Profile Plug-In Smoke Detector, that offers optimal performance and reliability. It comes with a low-profile, sleek design.

Report Synopsis

To request a free sample copy of this report, please complete the form below:

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.