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Smart Hazard Detectors - Guatemala

Guatemala
  • Revenue in the Smart Hazard Detectors market is projected to reach US$1.7m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 19.39%, resulting in a projected market volume of US$4.2m by 2029.
  • In the Smart Hazard Detectors market, the number of active households is expected to amount to 266.3k users by 2029.
  • Household penetration will be 5.3% in 2024 and is expected to hit 7.2% by 2029.
  • The average revenue per installed Smart Home currently is expected to amount to US$9.59.

Definition:

Smart Hazard Detectors market includes devices designed to identify potential hazards in residential and commercial spaces, such as smoke, gas leaks, carbon monoxide, water leaks, floods, and air quality issues. This segment encompasses both standard hazard detectors, like smoke detectors, and smart hazard detectors, which are Wi-Fi-enabled devices capable of integrating with IFTTT (If This Then That) frameworks to automate processes, such as sending alerts to your smartphone when hazards are detected (e.g., First Alert Onelink, Google Nest Protect).
This segment specifically focuses on the detectors themselves and excludes other safety equipment or monitoring services (see Control & Connectivity).

Additional Information:

The market comprises revenue, average revenue per smart home, number of smart homes, and household penetration rates. Sales figures are generated through both online and offline channels, emphasizing consumer (B2C) spending. Key players in this market include First Alert, Google Nest, Bosch, Honeywell, AMS, MSA Safety, and other brands recognized for their innovation and reliability in safety solutions. For more information on the data displayed, use the info button next to the relevant boxes.

In-Scope

  • Smart Smoke Detectors (e.g., Google Nest Protect, First Alert Onelink Safe & Sound)
  • Smart Carbon Monoxide Detectors (e.g., Kidde Smart CO Detector, First Alert CO Alarm)
  • Smart Water Leak Detectors (e.g., GROVE StreamLabs, Aqara Water Leak Sensor)
  • Smart Air Quality Monitors (e.g., Eve Room, Netatmo Healthy Home Coach)

Out-Of-Scope

  • Standard smoke and CO detectors without smart features
  • Analog hazard detectors that lack connectivity
  • Accessories or monitoring systems not linked to hazard detection (e.g., basic alarms, traditional flood sensors)
  • Standalone sensors without integrated communication capabilities.

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Oct 2024

Source: Statista Market Insights

Most recent update: Oct 2024

Source: Statista Market Insights

Product Types

Most recent update: Oct 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Oct 2024

Source: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of smart home products, excluding taxes.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market category. As a basis for evaluating markets, we use the Statista Global Consumer Survey, market data from independent databases and third-party sources, and Statista interviews with market experts. In addition, we use relevant key market indicators and data from country-specific associations, such as household internet penetration and consumer spending for households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting innovative products due to the non-linear growth of technology adoption. The main drivers are GDP/capita, level of digitization, and consumer attitudes toward smart home integration.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated once a year, in case market dynamics change we do more frequent updates.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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Smart home - statistics & facts

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