China Fire Sprinkler Systems Market Size & Outlook
The fire sprinkler systems market in China is expected to reach a projected revenue of US$ 1,849.4 million by 2030. A compound annual growth rate of 10.5% is expected of China fire sprinkler systems market from 2023 to 2030.
Revenue, 2022 (US$M)
$829.9
Forecast, 2030 (US$M)
$1,849.4
CAGR, 2023 - 2030
10.5%
Report Coverage
China
China fire sprinkler systems market, 2017-2030 (US$M)
Related Markets
China fire sprinkler systems market highlights
- The China fire sprinkler systems market generated a revenue of USD 829.9 million in 2022 and is expected to reach USD 1,849.4 million by 2030.
- The China market is expected to grow at a CAGR of 10.5% from 2023 to 2030.
- In terms of segment, product was the largest revenue generating component in 2022.
- Product is the most lucrative component segment registering the fastest growth during the forecast period.
Fire sprinkler systems market data book summary
| Market revenue in 2022 | USD 829.9 million |
| Market revenue in 2030 | USD 1,849.4 million |
| Growth rate | 10.5% (CAGR from 2022 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Product |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Service |
| Key market players worldwide | Honeywell International Inc, Reliance Industries Ltd GDR - 144A, Johnson Controls International PLC, Viking Therapeutics Inc, Victaulic, HD Fire Protect, Minimax, Potter Electric Signal |
Other key industry trends
- In terms of revenue, China accounted for 10.2% of the global fire sprinkler systems market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China fire sprinkler systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 505.7 million by 2030.
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Fire Sprinkler Systems Market Scope
Fire sprinkler systems market segmentation & scope
Wet-pipe Sprinkler System
Dry-pipe Sprinkler System
Pre-action Sprinkler System
Deluge Sprinkler System
Service
Fire Sprinkler Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China fire sprinkler systems 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 sprinkler systems market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 73.44% in 2022. Horizon Databook has segmented the China fire sprinkler systems market based on product, service covering the revenue growth of each sub-segment from 2017 to 2030.
- China Fire Sprinkler Systems Component Outlook (Revenue, USD Million, 2017-2030)
- Product
- Wet-pipe Sprinkler System
- Dry-pipe Sprinkler System
- Pre-action Sprinkler System
- Deluge Sprinkler System
- Service
- Product
- China Fire Sprinkler Systems End Use Outlook (Revenue, USD Million, 2017-2030)
- Residential
- Commercial
- Industrial
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Horizon Databook provides a detailed overview of country-level data and insights on the China fire sprinkler systems market, including forecasts for subscribers. This country databook contains high-level insights into China fire sprinkler systems market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China fire sprinkler systems market report size, by component, 2017-2030 (US$M)
China Fire Sprinkler Systems Market Share, 2022 & 2030 (US$M)
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