A smoke detector is a smoke sensing device that triggers an alarm and visual signal when there is an abundance of smoke particles in the air. The demand for the global smoke detector market is expected to grow with the increase in security concern in commercial, residential and industrial buildings. The market is segmented on […]
Tag Archives: Smoke Detector Market
The global smoke detector market size was valued at USD 1.66 billion in 2018 and is expected to record an average annual growth rate of 8% over the forecast period. Increasing awareness of fire safety in buildings is one of the key factors driving growth. Also, as the sustainable development of the construction industry has […]
The global residential smoke detectors market is anticipated to grow considerably at a CAGR of 5.0% during the forecast period (2021-2027). The key companies across the globe are adopting different business strategies including expanding their technological advancements, geographic presence, R&D activities, new product launches, mergers & acquisitions, partnerships, and collaborations to increase market share. Among […]