The Role of Smoke Detectors Market in Retail Industry
The Smoke Detectors Market is anticipated to expand at a CAGR of 8.2% between 2022 and 2027. The market is anticipated to reach USD 3.4 billion by 2027 from an estimated USD 2.3 billion in 2022. Increased government initiatives and support for smoke detector installation, as well as rising fire-related spending by various businesses, are the main drivers of this growth. Government agencies' mandated installation of smoke detectors in coaches, buses, and speciality vehicles also helps the market expand. Battery-powered holds the largest market share in 2021 The market share leader in 2021 will be smoke detectors that operate on batteries. These detectors are well-liked because of how simple they are to install and how well they work in power outages. Lithium-ion batteries used in sealed battery smoke detectors have a longer lifespan of up to 10 years. These detectors frequently include DIY instructions as well. Demand for battery-powered smoke detectors is rising across a r...