Mexico Fire Safety Equipment Market Size & Outlook
Mexico fire safety equipment market, 2018-2030 (US$M)
Related Markets
Mexico fire safety equipment market highlights
- The Mexico fire safety equipment market generated a revenue of USD 848.5 million in 2023 and is expected to reach USD 1,491.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, detection was the largest revenue generating solution in 2023.
- Suppression is the most lucrative solution segment registering the fastest growth during the forecast period.
Fire safety equipment market data book summary
| Market revenue in 2023 | USD 848.5 million |
| Market revenue in 2030 | USD 1,491.6 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Detection |
| Fastest growing segment | Suppression |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Detection, Suppression |
| Key market players worldwide | Eaton Corp PLC, Gentex Corp, Halma PLC, Hochiki Corp ADR, Honeywell International Inc, Johnson Controls International PLC, NAPCO Security Technologies Inc, Robert Bosch Engineering & Business Solutions, Siemens AG, United Technologies Corporation |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.6% of the global fire safety equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil fire safety equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,491.6 million by 2030.
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Fire Safety Equipment Market Scope
Fire Safety Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico fire safety equipment 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 safety equipment market will help companies and investors design strategic landscapes.
Detection was the largest segment with a revenue share of 66.46% in 2023. Horizon Databook has segmented the Mexico fire safety equipment market based on detection, suppression covering the revenue growth of each sub-segment from 2018 to 2030.
The rising fire outbreak in the country has led to increase adoption of fire safety equipment within the buildings and commercial sectors. The introduction of new products has further fueled the market growth.
A novel fire prevention and fighting solution for data centers was shown in Mexico City by fire systems expert Marioff. It employs high-pressure water mist to fight fires without harming the machinery used to safeguard very sensitive and priceless data in so-called "clouds," or protected locations.
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Target buyers of Mexico fire safety equipment market databook
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Our clientele includes a mix of fire safety equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico fire safety equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico fire safety equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico fire safety equipment market size, by solution, 2018-2030 (US$M)
Mexico Fire Safety Equipment Market Outlook Share, 2023 & 2030 (US$M)
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