Smoke Detector Market Revenue, Top Companies, Analysis, Forecast 2027
The Smoke Detectors Market Size is estimated to be USD 2.3 billion in 2022 and projected to reach USD 3.4 billion by 2027, at a CAGR of 8.2%. The rising government support as well as initiatives for the installation of smoke detectors and rising expenditure related to fire of various enterprises are driving the demand for the Smoke Detectors Market. Additionally, the installation of smoke detectors is increasing rapidly in various coaches, buses, and specialty vehicles; mandated by the government bodies which is also responsible for the growth of the market. Battery-powered holds the largest market share in 2021 Battery-powered Smoke Detectors are easy to install and work during power outages. Besides, the sealed battery-powered smoke detectors are powered by sealed lithium-ion batteries, which have a longer life of 10 years. These detectors come up with the Do-It-Yourself instructions. The rapid innovations in the battery technology have led to the development of smoke de...