Smoke Detectors Market Share, Size, Emerging Growth and Analysis 2016

Technavio Announces the Publication of its Research Report – Global Smoke Detectors Market 2016-2020

Technavio recognizes the following companies as the key players in the global smoke detectors market: BRK, Honeywell, Kidde, Siemens, and Tyco.

Other Prominent Vendors in the market are: System Sensors, USI Electric/Universal, Mircom, Hochiki America, Apollo Fire Detectors, Xtralis, and Gentek.

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Commenting on the report, an analyst from Technavio’s team said: “Retrofitting of existing smoke detectors will be a key trend for market growth. The retrofitting of advanced systems in existing smoke detection devices will enable users to upgrade smoke detectors in a cost-effective way. The cost of replacement of existing traditional smoke detectors with smart detectors is one of the major constraints for the global user. Several vendors are developing retrofitting solutions. One of the prominent examples is developed by Roost in the form of Wi-Fi-connected 9 V battery that can be used with the existing detectors to make them smart. The cost of retrofitting existing detectors can be as low as one-third of the cost of replacement.”

According to the report, rising initiatives and support from government bodies will be a key driver for market growth. The governments of most developed countries provide support for installing smoke detectors in residences, be it monetary or through initiatives. These initiatives not only help increase awareness about the importance of these devices in case of fire, but also improve the sales of smoke detectors, which has a positive impact on the market growth. One such example of government support is the grant worth $110,000 provided by the US federal government to the Berrien Springs’ Oronoko Township Fire Department to raise awareness about smoke detectors. Such measures will aid in the growth of the market over...