LATIN AMERICA SMOKE DETECTOR MARKET 2023-2030

ICT | Security

LATIN AMERICA SMOKE DETECTOR MARKET 2023-2030

Market by Type, Power Source, End-user, and Country Outlook | Forecast 2023-2030

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As per Triton Market Research’s report, the smoke detector market in Latin America is likely to grow with a CAGR of 9.07% in the forecast years between 2023 and 2030.




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The countries included in this region are:

•         Mexico

•         Brazil

•         Rest of Latin America

In Latin America, Brazil is expected to grow at the fastest rate over the forecast period. The governments in the region have prioritized housing development. Growing demand for luxury residences and smart homes has also been observed. The rising number of housing projects has called for enhanced adoption of smoke detectors. This, in turn, will support the expansion of the studied market in the forthcoming period. 

Brazil’s real estate sector witnessed robust growth in 2021, with increased demand from the commercial, residential, and industrial sectors. Moreover, the sales of luxury properties in the two largest luxury markets of the country, Rio de Janeiro and São Paulo, increased by double digits. There has been a significant rise in the demand for residences worth over $2 million in these cities. These developments are expected to influence the demand for smoke detectors in the country.

In Mexico, the demand for housing has increased, owing to the decline in the number of people living together. As per estimates, the nation would require to invest approximately 4% of its annual GDP in constructing 800,000 housing units every year over the next 20 years, in order to keep up with the surging demand. The Mexican Department of Public Safety has mandated all house owners to install and maintain smoke alarms. Thus, the enhanced demand for housing is estimated to bolster the smoke detector market in the country in the coming years.

The transportation equipment industry, garment industry, food industry, paper industry, electrical equipment industry, wood industry, petroleum industry, leather industry, textile mill industry, etc., constitute the manufacturing industry. Smoke detectors are deployed in the manufacturing sector for safety purposes, as the manufacturing process involves complicated procedures.

The report assesses the market as per end-user, type, and power source. Here, the end-user segment is classified into manufacturing, commercial, automotive, oil & gas, residential, telecommunication, and other end-users.

The distinguished players in the smoke detector market include Hochiki Corporation, Honeywell International Inc, Johnson Controls International Plc, BRK Brands Inc (Acquired by Resideo Technologies Inc), Huawei Technologies Co Ltd, and Robert Bosch GmbH.

Johnson Controls International Plc is a multi-industrial company engaged in developing smart buildings, efficient energy solutions, and integrated infrastructure. It also designs, develops, and manufactures, smoke detection systems, security systems, fire suppression solutions, HVAC equipment, HVAC controls, and energy management systems. The company’s smoke detector product portfolio consists of multisensor detectors and photoelectric sensors, among others. Johnson Controls International Plc was established in 1885. It has a notable business presence in Mexico.

Key deliverables of the report:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the smoke detector market revenue growth in Latin America and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model


      A wide-ranging study of factors that will challenge the LA smoke detector market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here

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Table of Content

1. LATIN AMERICA SMOKE DETECTOR MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE SMOKE DETECTOR MARKET

2.2. MARKET MATURITY ANALYSIS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. KEY MARKET STRATEGIES

2.5.1. ACQUISITIONS

2.5.2. DIVESTITURES

2.6. MARKET DRIVERS

2.6.1. INCREASE IN FIRE INCIDENTS

2.6.2. INCREASING FIRE SAFETY CONCERNS

2.6.3. GROWING AWARENESS ABOUT THE BENEFITS OF SMOKE DETECTORS

2.7. MARKET CHALLENGES

2.7.1. EXPENSIVE SMART SMOKE DETECTORS

2.7.2. DISADVANTAGES OF SMOKE DETECTORS

2.8. MARKET OPPORTUNITIES

2.8.1. GROWING ACCEPTANCE OF SMART SMOKE DETECTORS

2.8.2. USE OF LASER SMOKE DETECTORS FOR EARLY FIRE DETECTION

2.9. ANALYST PERSPECTIVE

3. LATIN AMERICA SMOKE DETECTOR MARKET OUTLOOK – BY TYPE

3.1. PHOTOELECTRIC

3.2. IONIZATION

3.3. DUAL SENSOR

3.4. OTHER TYPES

4. LATIN AMERICA SMOKE DETECTOR MARKET OUTLOOK – BY POWER SOURCE

4.1. HARDWIRED SMOKE DETECTORS

4.2. BATTERY-POWERED SMOKE DETECTORS

4.3. OTHERS (HARDWIRED WITH BATTERY)

5. LATIN AMERICA SMOKE DETECTOR MARKET OUTLOOK – BY END-USER

5.1. COMMERCIAL

5.2. MANUFACTURING

5.3. TELECOMMUNICATION

5.4. RESIDENTIAL

5.5. AUTOMOTIVE

5.6. OIL & GAS

5.7. OTHER END-USERS

6. LATIN AMERICA SMOKE DETECTOR MARKET – COUNTRY OUTLOOK

6.1. COUNTRY ANALYSIS

6.1.1. BRAZIL

6.1.1.1. BRAZIL SMOKE DETECTOR MARKET FORECAST & PROSPECTS

6.1.2. MEXICO

6.1.2.1. MEXICO SMOKE DETECTOR MARKET FORECAST & PROSPECTS

6.1.3. REST OF LATIN AMERICA

6.1.3.1. REST OF LATIN AMERICA SMOKE DETECTOR MARKET FORECAST & PROSPECTS

7. COMPETITIVE LANDSCAPE

7.1. BRK BRANDS INC (ACQUIRED BY RESIDEO TECHNOLOGIES INC)

7.1.1. OVERVIEW

7.1.2. PORTFOLIO

7.1.3. KEY STRENGTHS

7.1.4. KEY CHALLENGE

7.2. CEASEFIRE INDUSTRIES PVT LTD

7.2.1. OVERVIEW

7.2.2. PORTFOLIO

7.2.3. KEY STRENGTHS

7.2.4. KEY CHALLENGE

7.3. CARRIER GLOBAL CORPORATION

7.3.1. OVERVIEW

7.3.2. PORTFOLIO

7.3.3. KEY STRENGTHS

7.3.4. KEY CHALLENGE

7.4. ABB LTD

7.4.1. OVERVIEW

7.4.2. PORTFOLIO

7.4.3. KEY STRENGTHS

7.4.4. KEY CHALLENGES

7.5. GOOGLE NEST (GOOGLE)

7.5.1. OVERVIEW

7.5.2. PORTFOLIO

7.5.3. KEY STRENGTHS

7.5.4. KEY CHALLENGE

7.6. HOCHIKI CORPORATION

7.6.1. OVERVIEW

7.6.2. PORTFOLIO

7.6.3. KEY STRENGTHS

7.6.4. KEY CHALLENGE

7.7. JOHNSON CONTROLS INTERNATIONAL PLC

7.7.1. OVERVIEW

7.7.2. PORTFOLIO

7.7.3. KEY STRENGTHS

7.7.4. KEY CHALLENGE

7.8. HONEYWELL INTERNATIONAL INC

7.8.1. OVERVIEW

7.8.2. PORTFOLIO

7.8.3. KEY STRENGTHS

7.8.4. KEY CHALLENGE

7.9. HUAWEI TECHNOLOGIES CO LTD

7.9.1. OVERVIEW

7.9.2. PORTFOLIO

7.9.3. KEY STRENGTHS

7.9.4. KEY CHALLENGES

7.10. ROBERT BOSCH GMBH

7.10.1. OVERVIEW

7.10.2. PORTFOLIO

7.10.3. KEY STRENGTHS

7.10.4. KEY CHALLENGE

7.11. SECOM CO LTD

7.11.1. OVERVIEW

7.11.2. PORTFOLIO

7.11.3. KEY STRENGTH

7.11.4. KEY CHALLENGE

7.12. SIEMENS AG

7.12.1. OVERVIEW

7.12.2. PORTFOLIO

7.12.3. KEY STRENGTHS

7.12.4. KEY CHALLENGE

7.13. SCHNEIDER ELECTRIC

7.13.1. OVERVIEW

7.13.2. PORTFOLIO

7.13.3. KEY STRENGTHS

7.13.4. KEY CHALLENGE

7.14. PROTEC FIRE AND SECURITY GROUP LTD

7.14.1. OVERVIEW

7.14.2. PORTFOLIO

7.14.3. KEY STRENGTHS

7.14.4. KEY CHALLENGE

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: LATIN AMERICA SMOKE DETECTOR MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: LIST OF ACQUISITIONS

TABLE 3: LIST OF DIVESTITURES

TABLE 4: FIRE DEATH RATE BY COUNTRY (PER 100,000)

TABLE 5: LATIN AMERICA SMOKE DETECTOR MARKET, BY TYPE, 2023-2030 (IN $ MILLION)

TABLE 6: LATIN AMERICA SMOKE DETECTOR MARKET, BY POWER SOURCE, 2023-2030 (IN $ MILLION)

TABLE 7: LATIN AMERICA SMOKE DETECTOR MARKET, BY END-USER, 2023-2030 (IN $ MILLION)

TABLE 8: LATIN AMERICA SMOKE DETECTOR MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: LATIN AMERICA SMOKE DETECTOR MARKET, BY TYPE, 2022 & 2030 (IN %)

FIGURE 3: LATIN AMERICA SMOKE DETECTOR MARKET, BY PHOTOELECTRIC, 2023-2030 (IN $ MILLION)

FIGURE 4: LATIN AMERICA SMOKE DETECTOR MARKET, BY IONIZATION, 2023-2030 (IN $ MILLION)

FIGURE 5: LATIN AMERICA SMOKE DETECTOR MARKET, BY DUAL SENSOR, 2023-2030 (IN $ MILLION)

FIGURE 6: LATIN AMERICA SMOKE DETECTOR MARKET, BY OTHER TYPES, 2023-2030 (IN $ MILLION)

FIGURE 7: LATIN AMERICA SMOKE DETECTOR MARKET, BY POWER SOURCE, 2022 & 2030 (IN %)

FIGURE 8: LATIN AMERICA SMOKE DETECTOR MARKET, BY HARDWIRED SMOKE DETECTORS, 2023-2030 (IN $ MILLION)

FIGURE 9: LATIN AMERICA SMOKE DETECTOR MARKET, BY BATTERY-POWERED SMOKE DETECTORS, 2023-2030 (IN $ MILLION)

FIGURE 10: LATIN AMERICA SMOKE DETECTOR MARKET, BY OTHERS (HARDWIRED WITH BATTERY), 2023-2030 (IN $ MILLION)

FIGURE 11: LATIN AMERICA SMOKE DETECTOR MARKET, BY END-USER, 2022 & 2030 (IN %)

FIGURE 12: LATIN AMERICA SMOKE DETECTOR MARKET, BY COMMERCIAL, 2023-2030 (IN $ MILLION)

FIGURE 13: LATIN AMERICA SMOKE DETECTOR MARKET, BY MANUFACTURING, 2023-2030 (IN $ MILLION)

FIGURE 14: LATIN AMERICA SMOKE DETECTOR MARKET, BY TELECOMMUNICATION, 2023-2030 (IN $ MILLION)

FIGURE 15: LATIN AMERICA SMOKE DETECTOR MARKET, BY RESIDENTIAL, 2023-2030 (IN $ MILLION)

FIGURE 16: LATIN AMERICA SMOKE DETECTOR MARKET, BY AUTOMOTIVE, 2023-2030 (IN $ MILLION)

FIGURE 17: LATIN AMERICA SMOKE DETECTOR MARKET, BY OIL & GAS, 2023-2030 (IN $ MILLION)

FIGURE 18: LATIN AMERICA SMOKE DETECTOR MARKET, BY OTHER END-USERS, 2023-2030 (IN $ MILLION)

FIGURE 19: LATIN AMERICA SMOKE DETECTOR MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 20: BRAZIL SMOKE DETECTOR MARKET 2023-2030 (IN $ MILLION)

FIGURE 21: MEXICO SMOKE DETECTOR MARKET 2023-2030 (IN $ MILLION)

FIGURE 22: REST OF LATIN AMERICA SMOKE DETECTOR MARKET 2023-2030 (IN $ MILLION)

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