Aspirating Smoke Detector Market Growth Analysis Market 2024-2030

 The Aspirating Smoke Detector market, valued at US$ 289 million in 2023, is projected to reach US$ 427 million by 2030, demonstrating a Compound Annual Growth Rate (CAGR) of 5.68% during the forecast period of 2024-2030.


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Regional Analysis


North America:


  • The North American market for Aspirating Smoke Detectors was valued at $69.64 million in 2023.
  • It is expected to reach $100.48 million by 2030, with a CAGR of 5.33% during the forecast period.
  • Notably, the well-known brands are primarily situated in the United States, contributing significantly to the regional market's growth.


Europe:


  • The European market for Aspirating Smoke Detectors was valued at $152.80 million in 2023.
  • It is anticipated to reach $211.98 million by 2030, witnessing a CAGR of 4.73% during the forecast period.
  • Similar to North America, Europe hosts several prominent brands, driving market expansion.


China:


  • China emerges as a significant producer of aspirating smoke detectors, particularly focusing on low-end products.
  • The region has experienced rapid growth in recent years and is forecasted to grow at a CAGR of 10.54% from 2024 to 2030.

Key Manufacturers


Global Leaders:


  • Honeywell, encompassing brands such as VESDA, ICAM, FAAST, and FMST, stands as one of the major manufacturers.
  • Carrier Global Corporation, with brands including Edwards, Kidde, and GST, also holds a significant market share.
  • Other key players include WAGNER, Bosch (covering Bosch and Protec), Securiton AG, Nohmi Bosai Limited, and Siemens, collectively contributing to approximately 85% of the revenue in 2023.


Emerging Chinese Players:


  • In recent years, a surge in Chinese manufacturers has been observed, including Bokang, Hikvision, Shenzhen ChaZhi Technology, Tiancheng Fire Protection Equipment, and Zhejiang Dahua Technology.
  • These players are anticipated to play a more prominent role in the global market in the future, signaling a shift in the industry landscape.


Report Scope


This report aims to provide a comprehensive presentation of the global market for Aspirating Smoke Detector, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Aspirating Smoke Detector.


The Aspirating Smoke Detector market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Aspirating Smoke Detector market comprehensively. Regional market sizes, concerning products by Method, By Application, and by players, are also provided.


For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.


The report will help the Aspirating Smoke Detector manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Method, By Application, and by regions.


Market Segmentation


By Company


  • Honeywell (Xtralis)
  • Carrier Global Corporation
  • WAGNER
  • Bosch
  • Securiton AG
  • Nohmi Bosai Limited
  • Siemens
  • Hochiki
  • Patol Limited
  • Nittan Group
  • Minimax
  • Panasonic Fire & Security
  • Zeta Alarms
  • Bokang
  • AVA PREVENT
  • Hikvision
  • Shenzhen ChaZhi Technology


By Method


  • Laser Based ASD
  • Cloud Chamber ASD


By Application


  • Commercial
  • Industrial
  • Government & Public Utility
  • Residential


Production & Consumption by Region


  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

Trends:


Opportunities:


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