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The application of IoT in smoke detecting devices is opening new avenues for market vendors. APAC, Latin America, and MEA are expected to be the fastest growing markets during the forecast period. Strong initiatives by global regulatory bodies, increased the need for proactive defense systems, and the growth of home automation will positively affect the market during the forecast period. The study considers the present scenario of the global smart smoke detector market and its market dynamics for the period 2018?2024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply side of the market.

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Blandit Etiam

The major factor attributing to the growth of smart smoke detector market includes growing number of fatal injuries in commercial buildings and industrial premises. Moreover, customers inclination towards smart buildings is fueling the market growth. However, high costs incurred in the deployment of smart smoke sensors might hamper the growth of smart smoke detector market. The market seeks opportunities owing to adoption of IoT and connected technologies by the customers. SegmentationBy type, the market is segmented into network ionization detectors, photoelectric detectors, dual sensor detectors CO and CO2, aspirating smoke detector ASD, and laser smoke detector LSD. By service, the market is segmented into testing and inspection services, installation services, and maintenance and replacement services.