Global Fire Detection Market Size & Outlook, 2023-2030
Global fire detection market, 2018-2030 (US$M)
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Global fire detection market highlights
- The global fire detection market generated a revenue of USD 34,578.1 million in 2023 and is expected to reach USD 54,963.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.8% by 2030.
- In terms of segment, fire detectors accounted for a revenue of USD 17,474.9 million in 2023.
- Fire Alarms is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 34,578.1 million |
| Market revenue in 2030 | USD 54,963.8 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Fire detectors |
| Fastest growing segment | Fire Alarms |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fire Detectors, Fire Alarms |
Other key industry trends
- In terms of revenue, the North America accounted for 33.6% of the global fire detection market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 2,026.7 million by 2030.
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Fire Detection Market Scope
Fire Detection Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global fire detection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fire detection market will help companies and investors design strategic landscapes.
Fire detectors was the largest segment with a revenue share of 50.54% in 2023. Horizon Databook has segmented the Global fire detection market based on fire detectors, fire alarms covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Fire Detection Product Outlook (Revenue, USD Million, 2018-2030)
- Fire Extinguishers
- Sprinklers
- Fire Detectors
- Fire Alarms
- Global Fire Detection Application Outlook (Revenue, USD Million, 2018-2030)
- Commercial
- Industrial
- Residential
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Target buyers of Global fire detection market databook
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Our clientele includes a mix of fire detection market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fire detection market , including forecasts for subscribers. This global databook contains high-level insights into Global fire detection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global fire detection market size, by region, 2018-2030 (US$M)
Top 10 countries: Fire detection market size, 2023 (US$M)
Global fire detection market share, by product, 2023 & 2030 (%, US$M)
Fire detection market: Opportunity assessment by country
Global fire detection market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 1,496.4 | 1,631.7 | 1,674.1 | 1,816.7 | 1,967.3 | 2,126.7 | 2,295.9 | 2,475.7 | 2,667.7 | 2,873.3 | 3,092.8 | 3,326.7 | 3,576.1 | 7.8% |
| Europe | 7,218.4 | 7,851.6 | 8,035.8 | 8,698.6 | 9,395.3 | 10,132.1 | 10,915.2 | 11,741.9 | 12,621.8 | 13,562.4 | 14,566.1 | 15,635.2 | 16,773.7 | 7.5% |
| North America | 9,729.6 | 10,264.8 | 10,178.2 | 10,667.5 | 11,148.9 | 11,615.7 | 12,126.9 | 12,575.7 | 13,034.0 | 13,464.6 | 13,920.5 | 14,349.9 | 14,780.2 | 3.5% |
| MEA | 1,777.6 | 1,946.2 | 2,004.7 | 2,184.0 | 2,374.4 | 2,576.5 | 2,792.0 | 3,022.1 | 3,268.5 | 3,533.1 | 3,816.5 | 4,119.6 | 4,443.4 | 8.2% |
| Asia Pacific | 5,241.6 | 5,815.9 | 6,071.7 | 6,704.6 | 7,387.9 | 8,127.1 | 8,930.0 | 9,799.8 | 10,746.3 | 11,779.0 | 12,890.5 | 14,092.7 | 15,390.4 | 9.6% |
| Overall | 25,463.6 | 27,510.2 | 27,964.5 | 30,071.4 | 32,273.8 | 34,578.1 | 37,060.0 | 39,615.2 | 42,338.3 | 45,212.4 | 48,286.4 | 51,524.1 | 54,963.8 | 6.8% |
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