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The market for residential smoke detectors in the US is anticipated to grow at a CAGR of more than 7% until 2020 and will be positively affected by the increase in residential construction and replacement demand for smoke detectors. A critical factor that spurs the prospects for growth in this market is the increasing government support in the form of grants to the fire departments of various states in the US for the installation of smoke detectors. Furthermore, factors such as technological advancements in smoke detector technologies, growing awareness among the end users, and aging residential infrastructure in the country will aid in the growth of this market during the estimated period.
Technavio’s market research analyst have estimated eminent factors, such as the integration of smoke detectors with building systems, to impel market growth during the forecast period. The integration of smoke detectors with building systems yields various operational and economic benefits, which includes reduced cost of the overall systems, decreased energy usage and enhanced communication during emergency situations. Honeywell’s EBI integrates life safety solutions with other building management systems that help the user to not only maintain more cost-effective control over their facilities but also respond faster and more effectively to emergencies.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Statistics
PART 07: Market segmentation by product type
PART 08: Segmentation by power source
PART 09: Segmentation by type of residential building
PART 10: Key leading states
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Key vendor analysis
PART 18: Appendix
PART 19: Explore Technavio
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