The global Residential Sensors market is anticipated to grow significantly at a CAGR of 5.0% during the forecast period. A smoke detector is a gadget having a sensor that detects smoke and alerts the user to a fire. Smoke can be detected using two methods: optical and physical. Photoelectric detectors use an optical mechanism, while ionization detectors employ a physical process. Both strategies are used by some detectors. According to the National Fire Protection Association of the US (NFPA) in 2019, there were around 5 deaths per 1000 houses in homes with functional smoke alarms, compared to 12 deaths in homes without smoke alarms. The usage of smoke detectors has considerably reduced the number of people who have died as a result of a fire.
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The global residential smoke detectors market is hit by the outbreak of COVID-19 in December 2019. China was the epicenter of the pandemic, from where the pandemic spread throughout the globe. As a result, existing safety equipment manufacturing plants were forced to close their operations, while new projects across China were put on hold. Several offices and manufacturing sites have been permanently closed. Apart from it, the outbreak has adversely affected all the manufacturing and industrial sectors, and also it has disrupted the business functions of a wide range of industries across the globe. The nationwide lockdowns imposed to prevent the spread of COVID-19 have had a negative impact on the construction sector, which is the smoke detectors industry’s largest revenue generator. The market will witness “V” shape recovery in near future owing to the restart of activities in major economies.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Residential Smoke Detectors Market Report Segment
By Type
- Photoelectric Smoke Detectors
- Ionization Smoke Detectors
- Dual Sensor Smoke Detectors
- Optical Sensor Smoke Detectors
By Powered Source
- Battery Powered
- Hardwiring
Global Residential Smoke Detectors Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Residential Smoke Detectors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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