NEW YORK, Oct. 14, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Global Residential and Commercial Swimming Pool Alarms market size is estimated to grow by USD 132.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 10.03% during the forecast period. Mandatory laws pertaining to fencing and installation of swimming pool alarms is driving market growth, with a trend towards growing demand for smart connected and if this, then that (IFTTT) integrated monitoring system. However, limited access and adoption of swimming pools in areas with a water crisis poses a challenge – Key market players include Blue Wave Products Inc., Briidea, Coral Detection Systems Ltd., Driven Designs Inc., Icloverlights, Lifebuoy, Maytronics Ltd., MG International Sensor Espio, Morri and More GmbH, PBM Industries Inc., PISCINES DESJOYAUX SA, Piscines MAGILINE SAS, Procopi, RJE Technologies Inc., Security Alarm Corp., ShockAlarm LLC, SPQ Brands, SwamCam LLC, and Techko Kobot Inc..
Market Drivers
The increasing demand for smart home devices and the growing awareness of pool safety have driven the growth of the residential and commercial swimming pool alarm market. Key factors contributing to this growth include:
Pool Alarm Systems: A Comprehensive Guide
Introduction
Pool alarm systems have become an essential safety feature in residential and commercial constructions. The government has mandated the installation of pool alarms in new buildings to prevent accidents and ensure a safe environment for occupants. In this article, we will delve into the world of pool alarm systems, exploring their features, benefits, and options.
Types of Pool Alarm Systems
There are two primary types of pool alarm systems: traditional and smart home solutions.
Traditional Pool Alarms
Traditional pool alarms are simple, low-cost, and effective. They consist of a sensor that detects the presence of a person in or around the pool area. When the sensor is triggered, it sends a signal to a control panel, which then alerts the homeowner or pool staff.
The Impact of the Global Water Crisis on Swimming Pools
The global water crisis is having a profound impact on the residential and commercial swimming pool industry. The effects of this crisis are far-reaching, affecting not only the pools themselves but also the people who use them.
Economic Consequences
The economic consequences of the global water crisis on the swimming pool industry are significant. As water levels continue to decline and pollution increases, the costs associated with maintaining and operating pools are rising. This, in turn, is leading to higher water bills and membership fees for commercial pools, making it less appealing for businesses to adopt new pools or expand existing ones.
Environmental Concerns
The environmental concerns surrounding the global water crisis are equally alarming. As water levels decline and pollution increases, the health and well-being of aquatic ecosystems and wildlife are at risk.
Market Overview
The Residential and Commercial Swimming Pool Alarms market is experiencing a significant surge in demand due to the increasing awareness of safety concerns in both residential and commercial constructions. The market is driven by the need to prevent accidents caused by children, pets, and unexpected surface waves.
The market is expected to reach $1.4 billion by 2025, with the residential segment accounting for approximately 70% of the total market share.
Market Overview
The Residential and Commercial Swimming Pool Alarms market is a rapidly growing industry, driven by increasing concerns about swimming pool safety.
Key Drivers
Market Overview
The Residential and Commercial Swimming Pool Alarms market is a rapidly growing industry, driven by increasing awareness of pool safety and the need for effective safety measures. The market is expected to experience significant growth in the coming years, driven by the rising demand for pool safety solutions.
Key Drivers
Market Overview
The Residential and Commercial Swimming Pool Alarms market is a rapidly growing safety tool designed to prevent accidents. The market is driven by the rising population, advanced sensors, and safety devices. Government rules and smart home solutions are also contributing to the market’s growth.
Key Drivers
Market Segmentation
The Residential and Commercial Swimming Pool Alarms market can be segmented into two main categories: residential and commercial.
Residential Pool Alarms
Technavio’s research methodology is based on a combination of primary and secondary research, ensuring that their findings are accurate and reliable.
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Technavio’s Research Methodology
Technavio’s research methodology is based on a combination of primary and secondary research.
The report provides a comprehensive overview of the global market for the specified technology or product, including market size, growth rate, and market share.
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