Global Fire Suppression Market Size & Outlook, 2023-2030
Global fire suppression market, 2018-2030 (US$M)
Related Markets
Global fire suppression market highlights
- The global fire suppression market generated a revenue of USD 18,619.3 million in 2023 and is expected to reach USD 27,309.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.6% by 2030.
- In terms of segment, fire extinguishers accounted for a revenue of USD 11,365.4 million in 2023.
- Sprinklers 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, Italy is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 18,619.3 million |
| Market revenue in 2030 | USD 27,309.8 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Fire extinguishers |
| Fastest growing segment | Sprinklers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fire Extinguishers, Sprinklers |
Other key industry trends
- In terms of revenue, the North America accounted for 42.4% of the global fire suppression market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 122.9 million by 2030.
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Fire Suppression Market Scope
Fire Suppression Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global fire suppression 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 suppression market will help companies and investors design strategic landscapes.
Fire extinguishers was the largest segment with a revenue share of 61.04% in 2023. Horizon Databook has segmented the Global fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Fire Suppression Product Outlook (Revenue, USD Million, 2018-2030)
- Fire Extinguishers
- Sprinklers
- Fire Detectors
- Fire Alarms
- Global Fire Suppression Application Outlook (Revenue, USD Million, 2018-2030)
- Commercial
- Industrial
- Residential
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Our clientele includes a mix of fire suppression 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 suppression market , including forecasts for subscribers. This global databook contains high-level insights into Global fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global fire suppression market size, by region, 2018-2030 (US$M)
Top 10 countries: Fire suppression market size, 2023 (US$M)
Global fire suppression market share, by product, 2023 & 2030 (%, US$M)
Fire suppression market: Opportunity assessment by country
Global fire suppression market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 736.1 | 799.5 | 817.1 | 883.3 | 952.8 | 1,026.2 | 1,103.5 | 1,185.5 | 1,272.8 | 1,365.9 | 1,465.0 | 1,570.1 | 1,681.9 | 7.3% |
| Europe | 3,637.9 | 3,917.2 | 3,967.9 | 4,251.5 | 4,546.4 | 4,851.2 | 5,165.4 | 5,497.5 | 5,846.4 | 6,213.5 | 6,601.2 | 7,008.2 | 7,435.8 | 6.4% |
| North America | 6,748.3 | 7,091.5 | 7,004.0 | 7,311.8 | 7,611.5 | 7,899.0 | 8,214.2 | 8,484.5 | 8,758.8 | 9,012.2 | 9,280.4 | 9,528.6 | 9,775.2 | 3.6% |
| MEA | 1,028.5 | 1,122.5 | 1,152.7 | 1,251.9 | 1,357.0 | 1,468.3 | 1,586.7 | 1,712.7 | 1,847.5 | 1,991.9 | 2,146.3 | 2,311.1 | 2,486.9 | 7.9% |
| Asia Pacific | 2,290.7 | 2,515.9 | 2,599.9 | 2,841.7 | 3,099.5 | 3,374.6 | 3,666.9 | 3,981.8 | 4,320.7 | 4,685.8 | 5,074.2 | 5,488.1 | 5,930.0 | 8.3% |
| Overall | 14,441.5 | 15,446.6 | 15,541.6 | 16,540.2 | 17,567.2 | 18,619.3 | 19,736.7 | 20,862.0 | 22,046.2 | 23,269.3 | 24,567.1 | 25,906.1 | 27,309.8 | 5.6% |
Related regional statistics
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