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Swimming Pool Alarms Market Size & Share Report, 2021-2028

Swimming Pool Alarms Market Size, Share & Trends Analysis Report By Product (Surface Wave, Subsurface Disturbance Sensor, Safety Wearable, Gate), By Distribution Channel, By Region, And Segment Forecasts, 2021 - 2028

Report ID: MN17620216  |  Published: April 2021  |  No of Pages: 85
Format: Electronic (PDF)  |  Industry: Sporting Goods & Equipment  |  Publisher: Grand View Research

Report Summary

The global swimming pool alarms market size was valued at USD 122.9 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.7% from 2021 to 2028. Increasing awareness towards human safety of underwater and swimming pool premises is expected to promote the market reach over the next few years. Both commercial and residential swimming pools should have these alarms to protect kids and adults from bad incidents such as accidental falls in the swimming pool. These products also detect the changes in the surface wave and subsurface disturbances in the water of the swimming pool. Considering the safety of living things, government authorities have published rules and regulations to set up such alarms.

U.S. swimming pool alarms market size, by distribution channel, 2017 - 2028, (USD Million)With increasing health awareness and the benefits of swimming, consumers prefer safety underwater and around the pools. These products are useful for the safety of kids and elderly persons when they are around the swimming pool.

The manufacturers are offering a wide range of alarms for various purposes such as surface wave, subsurface disturbance, wearables, and gate. However, the implantation of government guidelines in countries such as the U.S., Germany, the U.K., and Australia, is expected to increase the installation of swimming pool alarms. For instance, in the U.S., Consumer Product Safety Commission (CPSC) published guidelines for the residential swimming pools which would help avoid submersion incidents in the case of kids. CPSC believes that the safety guidelines recommended will make pools safer, promote pool safety awareness, and save lives. The published safety guidelines for the swimming pools by the government definitely boost the market.

The financial crisis caused by the COVID-19 pandemic has increased the price sensitivity among the commercial and middle-income consumer groups. As a result, the price-conscious buyers have refrained to invest in the swimming pool alarms. This shift in demand is for a short duration resulting in promoting the use of swimming pool alarms post-COVID pandemic. Thus, the market for swimming pool alarms is expected to witness a healthy growth rate in the upcoming years.

Distribution Channel Insights

The offline channel segment dominated the market for swimming pool alarms and accounted for a revenue share of more than 63.0% in 2020. Swimming pool alarm manufacturers use the traditional retail channel to sell by advertising and marketing. Such channels are expected to maintain their dominance as they provide a choice of physical verification to the buyers.

The online segment is expected to register a CAGR of 8.1% from 2021 to 2028. The use of online shopping portals and mobile apps is getting popular among the young population group, who are the industry's major consumers on a global level.

Product Insights

The safety wearable segment dominated the market for swimming pool alarms and accounted for the largest revenue share of more than 42.0% in 2020. The segment is expected to witness the fastest CAGR from 2021 to 2028. Availability of Internet of Things (IoT) and connectivity devices have increased the adoption of the safety wearable swimming pool alarms. With safe wearable swimming pool alarms, individuals can be monitored in the swimming pool premises and inside the water. Hence, safety wearables are gaining popularity among buyers as they provide convenient features to consumers.

Global swimming pool alarms market share, by product, 2020, (%)Safety wearable alarms are gaining popularity as these alarms add an additional layer of safety for individuals within the swimming pool premises. In addition, the safety wearable alarms alert the individual about dangerous situations.

Regional Insights

North America dominated the swimming pool alarms market and accounted for the largest revenue share of over 30.0% in 2020. In the region, countries like the U.S. and Canada, increasing awareness among the citizen about the safety devices at swimming pools to warn or alert the individuals and authorities regarding any dangerous situation, is expected to drive the demand for the product over the next few years.

In the Asia Pacific, the market for swimming pool alarms is expected to witness a CAGR of 8.5% from 2021 to 2028. In Australia, the trend for safe wearable swimming pool alarms has been gaining popularity among young adults, especially females. This factor is boosting the demand for swimming pool alarms in the region.

Key Companies & Market Share Insights

The market is characterized by the presence of various well-established players and several small and medium players. In March 2018, Safety Turtle launched Safety Turtle 2.0 Pool Alarm as a wristband for the guests to protect them at swimming pool premises. The wrist band would trigger as soon as it will get wet. Such initiatives are expected to boost the adoption rate of the product among consumers. The swimming pool alarm manufacturers are aggressively following organic as well as inorganic strategies to expand their footprints across the globe. Some of the prominent players in the swimming pool alarms market include:

• Blue Wave Products Inc.
• Piscines MAGILINE SAS
• Coral Detection Systems Ltd.
• iSmart Alarm Inc.
• Maytronics US Inc.
• SafetyTurtle
• SPQ Brands
• Security Alarm Corporation

Swimming Pool Alarms Market Report Scope

Report Attribute

Details

The market size value in 2021

USD 132.3 million

The revenue forecast in 2028

USD 222.2 million

Growth Rate

CAGR of 7.7% from 2021 to 2028

The base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product,distribution channel,region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany;U.K.; China;Australia; Brazil; South Africa

Key companies profiled

Blue Wave Products Inc.; Piscines Magiline SAS; Coral Detection Systems Ltd.; iSmart Alarm Inc.; Maytronics US Inc.; SafetyTurtle; SPQ Brands; Security Alarm Corporation

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global swimming pool alarms market report on the basis of product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2017 - 2028)
    • Surface Wave
    • Subsurface Disturbance Sensor
    • Safety Wearable
    • Gate

• Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2017 - 2028)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • The Asia Pacific
        • China
        • Australia
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

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