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The global smart smoke detector market is expected to reach more than $2 billion by 2024, growing at a CAGR of over 12% during 2018 2024. The surge in demand for photoelectric and hardwired battery detectors will drive the global market during the forecast period. The increasing need for fire safety devices is influencing the adoption of smart smoke detecting systems in the commercial sector. Constant product enhancements and the launch of new features are the keys to achieving high sales growth in the global market. The application of IoT in smoke detecting devices is opening new avenues for market vendors. APAC, Latin America, and MEA are expected to be the fastest growing markets during the forecast period. Strong initiatives by global regulatory bodies, increased the need for proactive defense systems, and the growth of home automation will positively affect the market during the forecast period. The study considers the present scenario of the global smart smoke detector market and its market dynamics for the period 2018?2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply side of the market. It profiles and analyzes leading companies and several other prominent companies operating in the global smart smoke detector market.

Posted March, 2011 by Admin

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Posted February, 2011 by Admin

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