MarketResearchNest.com adds “Global Smart Smoke Detector Market 2017-2021” new report to its research database. The report spread across 65 pages with table and figures in it.
Research analysts forecast the global smart smoke detector market to grow at a CAGR of 47.44% during the period 2017-2021.
About Smart Smoke Detector
Smoke detectors are basically expected to detect the primary products of combustion along with other important components, including carbon dioxide, carbon monoxide, steam, heat, burning hydrocarbons, and various oxygenated organics. The performance of a smart smoke detector may be evaluated based on several factors, including the sensitivity of the detector toward fire effluents, nuisance rejection, energy consumption, installation cost, and response time.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart smoke detector market for 2017-2021. To calculate the market size, the report considers new installations, shipments, sales, volume, value, and the replacement market.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-smart-smoke-detector-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Smart Smoke Detector Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Smart Smoke Detector Market 2017-2021
Technavio recognizes the following companies as the key players in the global smart smoke detector market: Birdi, BRK Brands, Nest Labs.
Other Prominent Vendors in the market are: Halo Smart Labs, Kidde (United Technologies), Universal Security Instruments, Everspring Industry, and Roost.
Commenting on the report, an analyst from Research team said: “One trend in the market is constant connectivity of smart smoke detectors. IoT is one of the factors that is driving the growth of smart devices. However, smart smoke detectors face an issue in case of power failures. While most of the smart smoke detectors are equipped with lithium batteries, Internet modems and Wi-Fi routers generally do not have a power backup.”
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According to the report, one driver in the market is advantages of smart smoke detectors over traditional smoke detectors. Smart smoke detectors are relatively more efficient in terms of delivering functions compared with traditional smoke detectors. Smart smoke detectors help in the prevention of mishaps, assist during mishaps, and can also maintain logs for statistical purposes, which traditional smoke detectors are not capable of doing. Though this has resulted in the premium pricing of the product, the connected features of smart smoke detectors offer several advantages to end-users compared with traditional smoke detectors.
Further, the report states that one challenge in the market is premium pricing. Setting up smart smoke detectors in the existing homes requires high initial investments. Smart smoke detectors employ technologically advanced equipment. In addition, they are almost thrice the price of traditional smoke detectors. Thus, many end-users may not prefer to pay the premium price. The installation of smart smoke detectors in a standard two or three-bedroom home would require an initial investment of around $800. As most of the manufacturers set a 10-year life for smart smoke detectors, the total outlay over 30 years of a home would be liable for an outlay of about $2,400.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain