Smoke Detector Market is accounted for $1.51 billion in 2017 and is expected to reach $3.48 billion by 2026 growing at a CAGR of 9.7% during the forecast period. Growing industrial infrastructural savings, rising government policy, and quick industrializations are the key factors driving the market. However, difficulties related with the installation are the factors restraining the market growth.
Smoke Detector is a sensing device used for combating flames by signaling out indication of smoke incidences. These detectors use a visual sensor that signals the fire alarm board during fire alarm sounds. They are installed in housing & industrial sectors and transmit a signal to the fire alarm manage board. While household smoke detectors transmit out visual alarms.
Major Key Players of the Smoke Detector Market are:
Hochiki Corporation, Honeywell International Inc, Johnson Controls Inc, NEC Corporation, Nest Labs, Robert Bosch GmbH, Schneider Electric, Siemens AG, Tyco, and United Technologies Corporation (UTC).
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