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The Europe Smoke Detector Market would witness market growth of 7.9% CAGR during the forecast period (2017 - 2023). Smoke Detector is a sensing device and it is used in containing fire incidences efficiently. The smoke detecting devices are largely installed in residential & commercial setups to raise alarm during fire incidences. The demand for the smoke detectors would witness significant growth due to rapid infrastructural development, such as hotels, residential & corporate buildings, educational institutions, entertainment buildings, and other commercial buildings.
Additionally, growing incidences of fire accidents have further added to the market growth, globally. Growing sectors such as food & beverages, industrial & automotive, and electronic would add to market attractiveness. Nevertheless, the complications associated with installation of smoke detectors are expected to limit the growth of the smoke detectors market. Based on Types, the market report segments the market into Product and Services. Product Types includes Photoelectric Smoke Detector, Ionization Smoke Detector, Dual Sensor Smoke Detector, and Other Type.
Based on Verticals, the Europe Smoke Detector Market is segmented into Commercial, Oil & Gas and Mining, Telecom & IT, Automotive, Manufacturing, Residential, and Others. Based on Countries, the market report segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the Europe Smoke Detector Market. Key companies profiled in the report include Ceasefire Industries Pvt. Ltd. Hochiki Corporation, Honeywell International, Inc., Johnson Controls International Plc., Google Inc. (Nest Labs), Protec's Fire Detection Plc., .Robert Bosch, Secom Co. Ltd., Scheinder Electric, and Siemens AG.