North America Smoke Detectors Market Forecast 2023-2032

North America Smoke Detectors Market Forecast 2023-2032

KEY FINDINGS

The North America smoke detectors market is predicted to project a CAGR of 7.53% during the forecast period, 2023-2032. Smoke alarms are essential in all residences, including rental properties, multi-family homes, dormitories, hotels, single-family houses, etc., given the strict smoke detector rules.

MARKET INSIGHTS

Canada and the United States are assessed for the North America smoke detectors market growth evaluation. In Canada, home fires are a prevailing crisis. As per the Ontario Association of Fire Chiefs, residential fires contribute to 73% of most fire-related fatalities in Canada. Additionally, the monetary expenses of fire damage with regard to residential structure fires in the country have been around $45,000 per unit. Besides, the growing home fire incidences propel the market demands.

Further, smoke alarms are necessitated in all the new sleeping rooms and dwelling units on each floor, as per the National Building Code of Canada. Also, commercial buildings and residential dwellings must meet the standards of a number of national regulatory overseers, including the National Building Code (NBC), which is upgraded every five years, the Provincial Code, and the National Fire Code (NFC). Moreover, stringent fire safety regulations facilitate growth opportunities.

COMPETITIVE INSIGHTS

Some of the key market players include Honeywell International Inc, Johnson Controls International, Google Nest (Google), Ceasefire Industries Pvt Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments