Smoke Detectors Market to grow by USD 1.62 billion from 2022 to 2027 | Growing replacement demand for smoke detectors to drive the growth- Technavio
NEW YORK, Oct. 8, 2023 /PRNewswire/ -- The smoke detectors market is expected to grow by USD 1.62 billion from 2022 to 2027.
- NEW YORK, Oct. 8, 2023 /PRNewswire/ -- The smoke detectors market is expected to grow by USD 1.62 billion from 2022 to 2027.
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The growing replacement demand for smoke detectors is a key factor driving market growth. - Additionally, 75% of US homes were equipped with smoke detectors as stated by the National Fire Protection Association.
- Smoke detectors may not operate in a timely manner or fail to detect the presence of thick, toxic smoke.