The Europe Smoke Detector Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 12,822.2 thousand Units, showcasing a growth of 7.8% (2019-2022).
In both residential and non-residential structures, smoke is detected by means of smoke detectors. Since produced smoke ascends and is lighter than interior air, they are predominantly mounted on walls or ceilings. In order to prevent property loss and loss of life caused by fire hazards, a smoke alarm is activated when smoke is detected within an area and notifies the personnel. Moreover, most battery-powered smoke detectors are hardwired or connected via cables. The risk of sudden fire outbreaks and damage to structures and lives is diminished when smoke detectors are installed by meticulous planning.
Additionally, photoelectric and ionization smoke detectors are the two varieties available on the market. In contrast, a market-available product combines the aforementioned varieties. The report also examines smoke detectors that utilize air sampling and linear beam technology. These technologies are predominantly found in hospitals, manufacturing facilities, warehouses, auditoriums, and industrial spaces, among other commercial and industrial structures. The high ceilings complicate operating photoelectric and ionization smoke detectors in these expansive structures.
Moreover, according to the US Energy Information Administration, France's proven oil reserves totalled 83 million barrels as of January 1, 2023. Oil extraction and processing facilities often involve various industrial processes that may pose fire hazards. Installing smoke detectors becomes crucial for early fire detection and ensuring the safety of personnel and assets. Therefore, the factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Smoke Detector Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $255.3 million by 2030. The UK market is experiencing a CAGR of 6.9% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 8.7% during (2023 - 2030).
Based on Installation Type, the market is segmented into Hardwired, and Battery-operated. Based on Product Type, the market is segmented into Photoelectric, Ionization, Dual Sensor, and Others. Based on End User, the market is segmented into Commercial, Oil Gas, Residential, Manufacturing, Telecom IT, Automotive, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smoke Detector Market will Hit USD 3.8 Billion by 2030, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hochiki Corporation, Honeywell International, Inc., Ceasefire Industries Pvt. Ltd., Johnson Controls International PLC, Google LLC (Alphabet Inc.), ABB Group, Robert Bosch GmbH, Secom Co. Ltd., Schneider Electric SE, and Siemens AG.
By Installation Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Product Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End User (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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