South Africa Fire Safety Equipment Market Size & Outlook
South Africa fire safety equipment market, 2018-2030 (US$M)
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South Africa fire safety equipment market highlights
- The South Africa fire safety equipment market generated a revenue of USD 1,261.0 million in 2023 and is expected to reach USD 2,245.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.6% 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 1,261.0 million |
| Market revenue in 2030 | USD 2,245.0 million |
| Growth rate | 8.6% (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, South Africa accounted for 2.4% 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 Middle East & Africa, South Africa fire safety equipment market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,245.0 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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South Africa 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 South Africa fire safety equipment market based on detection, suppression covering the revenue growth of each sub-segment from 2018 to 2030.
In comparison to other African nations, South Africa has the strictest fire prevention and protection laws, giving it the highest market share in the continent. Yet, other nations like Algeria, Egypt, Morocco, Tunisia, and others all adhere to fire safety regulations.
A key factor in the expansion of the market for fire safety systems and equipment is the growing tourism industries in South Africa, Morocco, Egypt, and Tunisia, which are driving the installation of these systems in the hospitality and retail industries.
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Target buyers of South Africa 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 South Africa fire safety equipment market , including forecasts for subscribers. This country databook contains high-level insights into South Africa fire safety equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa fire safety equipment market size, by solution, 2018-2030 (US$M)
South Africa Fire Safety Equipment Market Outlook Share, 2023 & 2030 (US$M)
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