According to the recent study the residential fire detector market is projected to reach an estimated $0.60 billion by 2028 from $0.38 billion in 2023, at a CAGR of 9.6% from 2023 to 2028. Growth in this market is primarily driven by increasing consumer awareness of the benefits of installations of fire detectors in houses and growing demand for fire sprinkler systems among residential users.
A more than 150 – page report is developed to understand trends, opportunities and forecast in residential fire detector market by product (smoke detectors, heat detectors, and others), technology (ZigBee, Wi-Fi, NB-IOT, wired, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Wi-Fi market is expected to remain the largest segment during the forecast period.”
Based on technology, the residential fire detector market is segmented into ZigBee, Wi-Fi, NB-IOT, wired, and others. Lucintel forecasts that the Wi-Fi market is expected to remain the largest segment due to the widespread adoption of IoT-based fire detectors in household technologys.
“Within the residential fire detector market, the smoke detector segment is expected to remain the largest product”
Based on product the smoke detector segment is expected to witness the highest growth over the forecast period due to increasing government regulations for mandating the installation of fire and smoke detection devices in the personal buildings.
“Asia pacific will dominate the residential fire detector market in near future”
APAC will remain the largest region due to the growing demand for fire safety equipment from expanding infrastructure construction in the region.
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Major players of residential fire detector market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Honeywell, Johnson Controls, London Security, Hochiki, and Academy Fire are among the major residential fire detector providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/residential-fire-detector-market.aspx or [email protected]