home monitoring security service
The residential end user segment is likely to witness rapid and considerable growth in CAGRs during the forecast period due to the rise in home automation and the implementation of stringent fire safety regulations. The global smart smoke detector market by power sources is divided into hardwired, battery powered, and hardwired with battery. In terms of revenue, the hardwired segment is likely to dominate the global market during the forecast period. The implementation of stringent safety regulations is a primary driver for hardwired devices. Easy installation and long battery life are the factors attributed to the increased demand for battery powered detectors. However, the battery powered segment is likely to face strong competition from the hardwired and hardwired with battery detector segments.