LONDON--(BUSINESS WIRE)--The global residential and commercial swimming pool alarms market to register an incremental growth of USD 54.12 million, witnessing a CAGR of almost 6% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the residential and commercial swimming pool alarms market in optimistic, probable, and pessimistic forecast scenarios.
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The residential and commercial swimming pool alarms market will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.
Residential and Commercial Swimming Pool Alarms Market 2020-2024: Vendor Analysis
The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.
Major Residential and Commercial Swimming Pool Alarms market participants are
- Blue Wave Products Inc.
- CEC International Inc.
- Coral Detection Systems Ltd.
- Driven Designs Inc.
- iSmart Alarm Inc.
- Lifebuoy Ltd.
- Maytronics US Inc.
- PBM Industries Inc.
- Piscines MAGILINE SAS
- SafetyTurtle
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Residential and Commercial Swimming Pool Alarms Market 2020-2024: Segmentation
Residential and Commercial Swimming Pool Alarms Market is segmented as below:
-
End-User
- Residential
- Commercial
-
Distribution Channel
- Offline
- online
-
Product
- Surface wave sensors
- Sub-surface disturbance sensors
- Pool gate and door alarms
- Wristbands
Surface wave sensors will account for the largest share due to the various technological advancements and an increase in the number of in-ground swimming pools across the globe.
-
Geography
- APAC
- Europe
- North America
- South America
- MEA
North America region will account for the highest incremental growth during the forecast period due to the factors such as the availability of user-friendly and effective products and the increasing demand for smart swimming pool alarms, which have various add-on functions such as ultraviolet (UV) measure and water evaporation measuring mechanism.
The residential and commercial swimming pool alarms market is driven by rapid improvements in sensor technology and product innovation leading to portfolio extensions and product premiumization, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Communication Services industry.
For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio’s Communication Services section
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Surface wave sensors
- Sub-surface disturbance sensors
- Pool gate and door alarms
- Wristbands
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Blue Wave Products Inc.
- CEC International Inc.
- Coral Detection Systems Ltd.
- Driven Designs Inc.
- iSmart Alarm Inc.
- Lifebuoy Ltd.
- Maytronics US Inc.
- PBM Industries Inc.
- Piscines MAGILINE SAS
- SafetyTurtle
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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