Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Smoke alarms are widely used in residential, commercial and industrial buildings. Based on application, commercial segment accounted for largest share in global smoke alarms market. Smoke alarm is an electronic fire-protection device which detects the smokes and alert users by warning sound which can help reduces life and economical damage due to fire. Smoke alarms are usually installed over a ceiling in order to detect the smoke. A smart smoke alarm is the latest trend in the global smoke alarm market. A smart smoke alarm is an advanced version of smoke alarm which can detect smoke and alert user over the smart devices such as smartphones, laptops, tablets, and others using cellular connectivity or Wi-Fi. Moreover, these devices also come with various features such as Bluetooth connectivity, Wi-Fi connectivity, native app support (both android and iOS), low battery indication over the app, and others. Many key players in the market are offering smart smoke alarm solutions. For instance, Netatmo, a France-based smart home product developing company, is offering smart smoke alarm with various features such as Wi-Fi connectivity, native app support, ten-year-long battery life, and quick and easy installations
The global smoke alarms market is expected to witness significant growth during the forecast period (2020–2027) due increasing commercial infrastructural investments and implementation of safety standards is expected to drive the global smoke alarms market. The demand for smoke alarms is rapidly growing owing to mandatory government policies in various countries such as the U.S., the U.K., China, and others. The major factor restraining growth of the global Smoke Alarms market is high initial cost. Although various governments have mandated installation of smoke alarms in every residential, commercial, and industrial building; factors such as high initial cost, cost of replacement of existing smoke alarms with new advanced are high which is expected to hamper the global smoke alarm market growth during the forecast period. The National Fire Protection Association (NFPA), an international non-profit organization based in the U.S., has advised people to replace the existing smoke detectors with newly developed advanced smoke detectors after every ten years, which can be a tedious and costly task. According to Worldwide Market Reports’ analysis, in 2019, the average cost to install or replace smoke alarm was around US$ 500-600. In the U.K. installing a grade a fire alarm system can cost up to US$ 3,300.
Smoke Alarms Market Report Coverage
||Market Size in 2019:
||US$ 1,833.3 Mn
|Historical Data for:
||2017 to 2019
||2020 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||US$ 3,315.4 Mn
- North America: U.S. and Canada
- Europe: Germany, Italy, France, U.K., Russia, and Rest of Europe
- Asia Pacific: China, India, Japan, ASEAN, Australia, South Korea, and Rest of Asia Pacific
- Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
- Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
- By Type: Photoelectric Smoke Alarm, Ionization Smoke Alarm, Dual Sensor Smoke Alarm, and Multi-Criteria Alarms
- By Power Type: Hardwired, Battery Powered, 10 Year Sealed, Plug-in, and Wireless
- By Application: Commercial, Residential, and Industrial
- By Distribution Channel: E-commerce Channel, and Retail (Distributors, Electrical Wholesale, Clubs, and Retailers)
Panasonic Corporation, Halma plc, Hochiki Corporation, Honeywell International, Inc., Johnson Controls, Robert Bosch GMBH, Siemens AG, TYCO International plc, United Technologies Corporation (UTC), Kidde, X-Sense Innovations Co., BRK Brands, Inc., Nest Labs, Smartwares, Universal Security Instruments, Inc., Busch-Jaeger, EI Electronics, and Hekatron Vertriebs GmbH
- Stringent Government Regulations Regarding Smoke Alarms
- Increasing Demand for Smoke Detectors in the Residential Segment
|Restraints & Challenges:
The players involved in the market are continuously focusing of merger and acquisition strategy and continuously adding new products in its offering.
Merger and Acquisition:
- In June 2019, Hochiki Europe (UK) Limited, a subsidiary of Hochiki Corporation, acquired Fire and Security Company DES srl. The acquisition supports Hochiki Europe to expand the DES srl distribution channels and further increase its business within the Italian market.
- In January 2016, Tyco International plc merged with Johnson Controls, an Ireland-based security equipment manufacturer. This has helped the company expand its product portfolio and customer base. The company is offering products and solutions under Johnson Controls International plc’s brand.
- In June 2019, Busch-Jaeger Elektro GmbH launched the smoke, heat, and carbon monoxide detectors.
- In January 2017, Kidde launched an intelligent wireless technology at 2017 International Consumer Electronics Show (CES), Las Vegas, U.S. The smoke alarms products equipped with wireless technology can operate without hardwire or Wi-Fi connectivity.
Global Smoke Alarms Market - Impact of Coronavirus (Covid-19) Pandemic
COVID-19 pandemic adversely effected various businesses across the globe including consumer electronics, manufacturing, transportation, and others. According to Worldwide Market Report’ analysis, the impact of coronavirus (COVID-19) pandemic on the global smoke alarms market is moderate. In order to reduce the spread of COVID 19, many companies in the market remained operational with limited employees working on the shop floor and remaining people working from home, which lowered the production capacity of factories. For instance, in April 2020, Robert Bosch GmbH, a Germany-based engineering and technology solution providing company, temporary shutdown the company’s 100 production facilities across the globe in order to reduce the COVID-19 spread, which resulted in to drop in production drastically. Moreover, many key players in the market are also facing challenges in the regular routine check-up for smoke alarms.
North America held dominant position in the global smoke alarms market in 2019
North America held dominant position in the global smoke alarms market in 2019, accounting for 33.1% share in terms of value, followed by Asia Pacific and Europe.
Figure 1: Global Smoke Alarms Market Share (%), By Region, 2019
Asia Pacific and Europe expected to contribute notable share in global smoke alarms market and is anticipated to follow same trend over forecast period. North America is expected to account for the largest market share during the forecast period, owing to the increasing product development by key player such as Tyco International plc, Honeywell International, Inc., and others. For instance, in August 2019, Honeywell launched VESDA-E VES aspirating smoke detectors. This detector reduced the cost of ownership by reducing the installation and operating expenses. Moreover, the VESDA-E VES smoke detectors provide configurable alarm levels. In January 2020, Tyco International plc launched the latest version of TrueAlarm sensors, a series of smoke alarms. This new series is much more reliable in terms of accuracy compared with conventional smoke alarms.
Photoelectric Smoke Alarm segment is expected to drive the market growth during the forecast period
In 2019, the photoelectric smoke alarm segment generated revenue of US$ 679.4 Mn and is expected to reach US$ 1,230.2 Mn by 2027, with a CAGR of 8.5% over the forecast period 2020 – 2027
Photoelectric alarms respond 15 to 50 minutes faster to the fire hat begin with a long period of smoldering (the stage before the smoke breaks into flame) than ionization alarm. These alarms detect the smoke in smoldering and flaming stages of fire. Mostly, these alarms are installed near kitchens. Players such as Universal Security Instruments, Inc. provides photoelectric smoke alarm.
Figure 2: Global Smoke Alarms Market Value (US$ Mn) Analysis and Forecast, 2017 - 2027
The global smoke alarms market was valued at US$ 1,833.3 Mn in 2019 and is expected to reach US$ 3,315.4 Mn by 2027 at a CAGR of 8.5% between 2020 and 2027.
Major players operating in the global smoke alarms market include Panasonic Corporation, Halma plc, Hochiki Corporation, Honeywell International, Inc., Johnson Controls, Robert Bosch GMBH, Siemens AG, TYCO International plc, United Technologies Corporation (UTC), Kidde, X-Sense Innovations Co., BRK Brands, Inc., Nest Labs, Smartwares, Universal Security Instruments, Inc., Busch-Jaeger, EI Electronics, and Hekatron Vertriebs GmbH