Global Flame and Smoke Detectors Market to Reach $9.0 Billion by 2029

According to the latest BCC research study, the demand for Global Flame and Smoke Detectors Markets expected to grow from $6.3 billion in 2023 and will reach $9.0 billion by the end of 2029 at a compound annual growth rate (CAGR) of 6.4% from 2024 through 2029.

This report analyzes the flame and smoke detectors market by breaking it down into types of detectors, applications, and regions. It looks at the market both globally and regionally, and provides insights into leading companies, including their products, revenues, and employee numbers. The report also covers patent analysis, environmental, social, and governance (ESG) factors, emerging technologies, and the competitive landscape.

The analysis uses 2023 as the base year, with estimates for 2024 and forecasts from 2024 to 2029. It includes market values in millions of dollars and growth rates in percentages.

In the UAE, starting from January 2024, the Ministry of Interior has required all homeowners to install fire alarms, significantly improving fire safety in residential buildings.

The European Smoke Alarm Day campaign states that installing a smoke alarm can reduce the likelihood of fire hazards in homes by 75% and make it four times less likely to result in loss of life.

According to Informa Markets, the U.K. saw about 38% of fire alarms being false in 2023, which is an 18% increase from the previous year.