The report forecasts the global commercial smoke detector market to grow at a CAGR of 4.7% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One of latest trends in the market is integration of smoke detectors with building systems. Smoke detectors are being increasingly integrated with global building systems. The integration yields various operational and economic benefits. Some of the benefits include reduced cost of the overall systems, decreased energy use, and enhanced communication during emergency situations. The smoke detector industry is setting basic standards for dependability of smoke detection systems with other building systems. Various safety standards are being set to prevent any human error that may cause disconnection of smoke detectors. Systems are being developed to prioritize smoke detection systems in case of heavy protocol traffic in the building systems. Vendors like Honeywell provide customized integration-based solutions for safety systems. Honeywell's EBI integrates life safety solutions with other building management systems that allow the user to not only maintain more cost-effective control over increasingly complex facilities but also respond faster and more effectively to emergencies.
According to the report, one of the primary drivers in the market is increased investment and growth in construction industry. Development in the construction industry gives a significant boost to the global commercial smoke detector market. Construction activities in the commercial sector have increased the demand for smoke detectors as they improve building safety, thus generating high revenue for the global commercial smoke detector market. Stringent codes and standards imposed for commercial buildings, and growing awareness about fire safety have enabled manufacturers of smoke detectors to increase their market foothold.