Smoke Detectors Market Size, Share and Industry Growth 2027
The global smoke detectors market size is expected to grow from USD 2.3 billion in 2022 to USD 3.4 billion by 2027, at a CAGR of 8.2%. The growth of the market is attributed to the rising fire-related expenditure of various enterprises and increase in the deaths & loss of properties. However, high replacing cost associated with replacing traditional smoke detectors with smart smoke detectors is restraining the market growth.
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