About this market
The advancements in sensing technology is identified as one of the key trends that will gain traction in the market for the next four years. There is an increase in the demand for swimming pool alarms across the globe due to the rising safety awareness and swimming pool safety laws. Technavio's analysts have predicted that the residential and commercial swimming pool alarms market will register a CAGR of over 7% by 2022.
Increased preference for swimming
There is an increase in the demand for fitness activities such as swimming due to the growing awareness about the benefits of healthy living among the global population.
Limited access and adoption of swimming pools in areas with water crisis
The climatic changes,increasing pollution levels, varying consumption patterns, geographical differences, and urbanization leads to water crisis.
For the detailed list of factors that will drive and challenge the growth of the residential and commercial swimming pool alarms market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies and the competitive environment is quite intense. Factors such as the advancements in sensing technology and increased preference for swimming, will provide considerable growth opportunities to residential and commercial swimming pool alarms manufactures. Blue Wave Products, Driven Design, Maytronics, PBM Industries, and Piscines Magiline are some of the major companies covered in this report.