PRZOOM - /newswire/ -
Palo Alto, CA, United States, 2007/09/26 - New analysis from Frost & Sullivan (buildingtechnologies.frost.com), U.S. Carbon Monoxide Detectors Market, finds that this market earned revenues of $352.9 million in 2006 and estimates this to reach $537.8 million in 2010.
New housing and building codes are being implemented and adopted in certain states of the U.S. and are set to drive significant growth of the carbon monoxide (CO) detectors market. As this trend increases in more states, CO detectors will become virtually ubiquitous in residential and commercial buildings as smoke detectors did in the 1990s.
New analysis from Frost & Sullivan, U.S. Carbon Monoxide Detectors Market, finds that this market earned revenues of $352.9 million in 2006 and estimates this to reach $537.8 million in 2010.
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"New housing and building codes require that every building occupied wholly or partially for residential purposes have appropriate CO alarms in place," notes Frost & Sullivan Research Analyst Jorge Moreno. "Commercial buildings are also required to install CO alarms, as stipulated by the National Fire Protection Association (NFPA), while the Recreational Vehicle Industry Association (RVIA) requires all new recreational vehicles (RVs) to have CO detectors at the time of sale."
Security systems increasingly implement CO detectors to offer families enhanced protection from various threats such as thefts and fires. This will allow security system companies to offer integrated solutions and more value to potential customers.
Simultaneously, the trend toward integration of CO detectors with security systems and other detection systems such as fire alarms leads to increased acquisitions and mergers among companies. Larger companies benefit by this trend as it enhances their product portfolios and strengthens distribution channels, thereby expanding market penetration.
"Combining resources also allows manufacturers to achieve better economies of scale and compete more effectively by being able to offer lower prices," says Moreno. "On the other hand, smaller companies will have to either partner with or serve well-established manufacturers that have a strong distribution network, while technologically innovative companies stand a chance of being acquired by larger companies."
A key challenge faced in the CO detectors market is demand for these products that is largely dictated by the enforcement of building codes. Under compulsion to install detectors to comply with these codes, consumers may choose a product based on price rather than its suitability for the end application.
End users have a tendency to install only the essentials for individual projects instead of a complete line of products. For instance, if a code requires three devices in one room but installing five is more effective, consumers treating the building codes as the maximum requirement for safety will likely opt for installing only three devices. This can cause the manufacturer to lose out on sales of two additional detectors.
The cost factor expects to drive the demand for battery-operated CO detectors over competing product types due to lower prices. Consumers’ inclination to buy the most cost-effective product that adequately meets the building code specifications favors the battery-operated segment.
U.S. Carbon Monoxide Detectors Market, part of the Building Management Technologies Growth Partnership Service, provides revenue and unit shipment forecasts, market share analysis and a breakdown of competitive structure by market. Frost & Sullivan's expert analysts thoroughly examine the following end-user markets: residential, commercial and recreational. Interviews with the press are available.
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