Within the report, entitled, "Smoke Detector Market by Power Source (Battery Powered, Hardwired With Battery Backup, Hardwired Without Battery Backup), Product (Photoelectric, Ionisation, Dual Sensor, & Other Detector), End-User Industry, Service, and Region - Global Forecasts to 2022", Marketsandmarkets have segmented the market into product subsectors including photoelectric smoke detectors, ionisation smoke detectors, dual sensor smoke detectors, and others. The cause of fire deaths in the commercial and residential sectors is mostly from smoldering fires, which can only be detected by these photoelectric or the dual sensors and as a result the market of both smoke detectors is booming. The market for ionisation smoke detectors has a low growth rate because of their false alarm rate, which have led consumers to disable their smoke alarms and also the disposal of ionisation smoke detectors causes an additional problem as they contain radioactive materials. The research analysts estimate that the commercial sector holds the largest market size, whilst the residential sector is to experience the highest growth rate over the forecast period.

The end-user field within the smoke detector market has been broken down into subsectors made up of the commercial sector, the residential sector, oil, gas, and the mining industry, plus the manufacturing sector, telecommunication sector, transportation and logistics, and others. The commercial sector was found to hold the largest portion of the smoke alarm market in 2015 as it is a highly regulated sector for smoke detectors. The smoke detectors installed in commercial space are regulated by EN54, UL268, CCCF, and other similar standards. The increase in the number of government mandate policies in developed economies to install smoke alarms in homes and the rapid development in residential construction across many parts of the world is attributing to the high growth of the smoke alarms market for the residential sector according to the analysts.

The market in Europe is expected to grow at the highest CAGR during the forecast period. Under the influence of government mandate policies, countries in the European region such Austria, France, and Germany are installing smoke alarms in their homes and this is the main reason offered for the growth of the smoke detector market in this region. Also, North America was found to hold the largest market portion of the smoke detector market in 2015. The high demand for smoke alarms from this region is mainly attributed to the rising number of deaths by fire, especially in the residential sector, along with the rise in residential construction in key U.S. states such as Texas, Florida, and California.

Major players in this market identified by Marketsandmarkets in this report are Hochiki Corporation (Japan), Honeywell International (U.S.), United Technologies Corporation (U.S.), Tyco (Ireland), Siemens AG (Germany), Johnson Controls (U.S.), Robert Bosch (Germany), NEC Corporation (U.S.), Nest labs (U.S.), and Schneider Electric (France) among others.