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Global Smoke Detectors Market to Exhibit 8.0% CAGR 2016-2020, to Benefit from Rising Residential Construction Projects

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Published on : Aug 31, 2016

ALBANY, New York, August 31, 2016: Technological changes have taken smoke detectors to a different level in recent years. Fire officials, fire protection engineers, and building owners are now using the newest smoke detectors and fire alarm systems in protecting properties. Recent advances in the technology have added many features to the preexisting design of smoke detectors. Indicators that indicate the need for maintenance, smoke detector sensitivity alteration systems, and drift compensation are some of the recent advances in smoke detectors. Such advances have shortened the time required by smoke detectors to sense actual fires.

The increasing use of these smart devices for the safety of residential and commercial properties is expected to propel the global smoke detectors market, states a new report added to the database of ResearchMoz.us. The report, titled “Global Smoke Detectors Market 2016-2020,” states that the market is predicted to exhibit an 8.0% CAGR during the period between 2016 and 2020.

The rise in residential construction has led to the growth of the global smoke detectors market. The increasing number of defective smoke detectors are expected to hamper the growth of the market. However, recent advancements in technology have helped manufacturers introduce new features in smoke detectors, which is expected to propel the market throughout the forecast period. 

Advanced features have made smoke detectors highly reliable, easy to use, and effective. New smoke detectors not only match the changing trends but also offer higher security to the properties where they are installed. The demand for battery-powered smoke detectors is expected to increase among house owners. The demand for interconnected wired smoke detectors will also continue to increase, predict the analysts.

Click here to get more info with TOC in a PDF Format: https://www.researchmoz.us/enquiry.php?type=S&repid=785436

For a competitive study, the global smoke detectors market is segmented on the basis of end users, sensor type, and region. Based on sensor type, the global smoke detectors market is classified into ionization smoke detectors, photoelectric smoke detectors, and dual sensors smoke detectors. 

To understand the geographical reach of key players, the global smoke detectors market is divided by region into the Americas, APAC, and EMEA. BRK, Honeywell, Kidde, Siemens, Tyco, System Sensors, SI Electric/Universal, Mircom, Hochiki America, Apollo Fire Detectors, Xtralis, and Gentek are the key organizations operating in the global smoke detectors market. By end use, the global smoke detectors market is classified into industrial, commercial, and residential. The rising number of fire-related accidents in various industries has boosted the demand for smoke detectors in the industrial sector. The growing awareness about smoke detectors in various industries is predicted to boost the sale of new products. 

Protecting commercial and residential properties has become the need of the hour. Considering the growing number of fire-related accidents, the governments of many nations have made it compulsory for construction companies to install smoke detectors in their projects. With the rising number of residential and construction projects, the demand for smoke detectors is also expected to increase. This is predicted to propel the global market for smoke detectors throughout the forecast period.

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