DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Smoke Detector Market - Forecasts from 2016 to 2021" report to their offering.
Smoke Detector Market is projected to witness a compound annual growth rate of 10.32% to reach a total market size of US$1.936 billion by 2021, from US$1.074 billion in 2015.
Major factors driving the market growth are an increase in expenditure of safety solutions by enterprises and government regulations mandating installation of smoke detectors especially in the residential and commercial buildings. Rising number of accidents leading to death and loss of property due to fire related accidents is also fueling the demand for these detectors.
Heavy investment in research and development by the manufacturers of these products has led to the development of new products like smart smoke detectors, which can be monitored from a remote location. High installation costs and high replacement costs incurred to replace traditional detectors with smart detectors are the major restraining factors.
Key industry players covered as part of this section are Honeywell International Inc., Robert Bosch GmbH, Tyco, Johnson Controls Inc. and Siemens AG among others.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Smoke Detector Market Forecast by Power Source (US $ billion)
6. Smoke Detector Market Forecast by Product Type (US$ billion)
7. Smoke Detector Market Forecast by Industry Verticals (US$ billion)
8. Smoke Detector Market Forecast by Geography (US$ billion)
9. Competitive Intelligence
10. Company Profiles
- Honeywell International Inc.
- Robert Bosch GmbH
- Johnson Controls Inc.
- Siemens AG
- Hochiki Corporation
- Nest Labs
- NEC Corporation
- Schneider Electric
For more information about this report visit http://www.researchandmarkets.com/research/33sgq6/smoke_detector