LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global residential smart smoke detectors market to grow at a CAGR of almost 39% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global residential smart smoke detectors market for 2017-2021. Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.
The global residential smart smoke detectors market is expected to grow at a CAGR of over 39%. The use of smoke detectors in residential buildings is mandatory in many developed countries. Growing smart home adoption in various countries is enabling the demand for residential smart smoke detectors. Due to safety and security concerns, builders in developing countries are also installing these detectors in residential buildings. Therefore, demand from developing countries is growing.
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Technavio consumer and retail analysts highlight the following three factors that are contributing to the growth of the global residential smart smoke detectors market:
Connected feature offering premium feature advantage to product offerings thereby enabling premium pricing
Smart smoke detectors are highly priced when compared to the normal traditional smoke detectors because of an additionally connected feature to the app. Smart smoke detectors providers such as OneLink, Halo, and Birdi, monitor home for smoke, fire, and carbon monoxide. Some of the smart smoke detectors also warn about oncoming natural disasters and storms.
Poonam Saini, a lead retail goods and services research analyst at Technavio, says, “Smart smoke detectors can be connected to the phone through a Wi-Fi or Bluetooth. It sends alerts directly to mobile when the smoke or CO rises in the home. Additionally, the user can cut down on annoying false alarms that are caused by cooking or steam.”
Technological advances
The advancement in smoke detectors technology is one of the major drivers in the market. Some of the prominent technological advances include individual smoke detector sensitivity adjustment, maintenance-needed indication, and drift compensation. These technology advancements are mainly directed toward reducing nuisance alarms and increase the rate of detection of actual fire.
“One of the major areas of technology advances that are expected to significantly impact the adoption of smoke detectors is the advanced signal analysis via software. The technology involves the conversion of sensor signals to mathematical formulas, which are then converted to sophisticated algorithms to differentiate between harmless smoke and emergency fire,” adds Poonam.
Connected fire alarm enabling remote notifications on fire/smoke
Rapid development in smoke detectors technology as well as Internet of Things (IoT) and big data technologies has led to the expansion of smart smoke detectors. These are programmable detectors connected to Wi-Fi. The high connectivity features of smart smoke detectors facilitate easy monitoring of battery status, receive alerts of smoke detection, and control operations through mobile devices from discrete locations.
The application of smart smoke detectors has provided convenience to users, leading to a subsequent reduction in nuisance alarms. Smart smoke detectors can send notifications or fire alerts through SMS or email and also facilitate color-coded alerts in case detectors are being used by hearing impaired person.
Top vendors:
- Birdi
- BRK Brands
- Everspring Industry
- Halo Smart Labs
- Nest Labs
Browse Related Reports:
- Global Commercial Smoke Detector Market 2016-2020
- Global Smoke Detectors Market 2016-2020
- Global Residential Smoke Detector Market 2016-2020
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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