(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Smoke Detector Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Smoke Detector Market products.
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Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.
Global Smoke Detector Market was valued at USD 1.64 Billion in the year 2017. Global Smoke Detector Market is further estimated to grow at a CAGR of 8.88% from 2018 to reach USD 3.24 Billion by the year 2025. North America region holds the highest Market share in 2017 and European Market is considered as the fastest growing Market in the forecasted period. At a country level, the U.S. holds the highest Market share in 2017 and it is projected to grow strongly in the coming years.
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The major Market players in smoke Detector Market are Honeywell International Inc., Johnson Controls Inc., Siemens AG, Schneider Electric, Robert Bosch GmbH, Hochiki Corporation, United Technologies Corporation, NEC Corporation and more 10 companies information is provided in research report. Global Smoke Detector Market with Honeywell International Inc. holding the substantial Market share. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
SWOT Analysis of Smoke Detector Market
Strength
Protection of your family, pets, and home
Low-cost product saving the valuable life
Weakness
Maintenance and installation issues
Opportunities
Innovation and Multipurpose Design
Threats
Frequent false alarms
The Global Smoke Detector Market is classified by a power source, by product type, by vertical industry, and by region in the estimated years. The major shares of the Market come from the Commercial sector in Global Smoke Detector Market. Due to the strategies followed by the government of different developing countries for FDI.
Smoke Detector Market Overview by Product Type
Photoelectric
Ionization
Dual Sensor
Others
Smoke Detector Market Overview by Vertical Market
Commercial
Residential
Industrial
Smoke Detector Market Overview by Power Source
Battery Powered Systems
Dual Powered Systems
Hardwired Systems
Smoke Detector Market Overview by Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
Key points covered in this report:
- The historical and current data is provided in the report based on which the future projections are made and the industry analysis is performed.
- The import and export details along with consumption value and production capability of every region is mentioned in the report.
- Porter's five forces analysis, value chain analysis, SWOT analysis are some additional important parameters used for the analysis of market growth.
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Table of Content
1. Introduction
1.1 Industry Vision
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain
4.8. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter's Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Smoke Detector Industry, By Power Source
6.1. Battery Powered Systems
6.2. Hardwired System
6.3. Dual Powered Systems
7. Smoke Detector Industry, By Product Type
7.1. Photoelectric Smoke Detector
7.2. Ionization Smoke Detector
7.3. Dual Sensor Smoke Detector
7.4. Others
8. Smoke Detector Industry, By End-User Industry
8.1. Commercial
8.1.1 Academia & Institutional
8.1.2 Shopping Mall
8.1.3 Healthcare
8.1.4 Hospitality
8.1.5 Banking, Financial Services, & Insurance (BFSI)
8.2. Residential
8.3. Industrial
8.3.1 Oil & Gas and Mining
8.3.2 Transportation & Logistics
8.3.3 Telecommunication
8.3.4 Manufacturing
8.3.5 Others
9. Geographical Analysis
9.1 Introduction
9.2. North America
About Kenneth Research
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