Lewes, DE -- (SBWIRE) -- 03/17/2016 -- Report forecast the global residential smoke detector market to grow at a CAGR of 5.27% during the period 2016-2020.

The use of smoke detectors in residential buildings is mandatory in many developed countries. Due to safety and security concerns, builders in developing countries are also installing these detectors in residential buildings. Therefore, demand from developing countries is growing. Also, the construction industry in developing countries such and India and China is growing at a rapid rate.

The report covers the present scenario and the growth prospects of the global residential smoke detector market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of residential smoke detectors.

The market is divided into the following segments based on geography:
- North America
- APAC
- Europe
- ROW

According to the report, the support that the governments of most developed countries provide for installing smoke detectors in residences, be it monetary or through initiatives, is one of the major drivers of the market.

Further, the report states that strict regulations governing the disposal of these products could limit their adoption, which in turn could limit market growth over the next five years.

Global Residential Smoke Detector Market 2016-2020, 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.

key players in the Global Residential Smoke Detector Market: Honeywell Security, Hochiki America, Siemens, Tyco, and United Technologies.

Other Prominent Vendors in the market are: Apollo Fire Detectors, Det-Tronics, Emerson Electric, General Monitors, Gentex, Johnson Controls, Mircom, Robert Bosch, System Sensor, Universal Security Instruments, and Xtralis.

Market driver
- Initiatives and support from government bodies
- For a full, detailed list, view our report

Market challenge
- Difficulty disposing of smoke detectors
- For a full, detailed list, view our report

Market trend
- Availability of modified smoke detectors
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 59 pages and 34 Exhibit "Global Residential Smoke Detector Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by power source, Market segmentation by sensor type, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-residential-smoke-detector-market-2016-2020

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