Argentina Fire Suppression Market Size & Outlook
Argentina fire suppression market, 2018-2030 (US$M)
Related Markets
Argentina fire suppression market highlights
- The Argentina fire suppression market generated a revenue of USD 60.5 million in 2023 and is expected to reach USD 92.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, sprinklers was the largest revenue generating product in 2023.
- Sprinklers is the most lucrative product segment registering the fastest growth during the forecast period.
Fire suppression market data book summary
| Market revenue in 2023 | USD 60.5 million |
| Market revenue in 2030 | USD 92.0 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Sprinklers |
| Fastest growing segment | Sprinklers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fire Extinguishers, Sprinklers |
| Key market players worldwide | Maximus Inc, Gentex Corp, Halma PLC, Hochiki Corp ADR, Honeywell International Inc, Johnson Controls International PLC, Robert Bosch Engineering & Business Solutions, Siemens AG, RTX Corp, Fike |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.3% of the global fire suppression 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 suppression 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 525.0 million by 2030.
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Fire Suppression Market Scope
Fire Suppression Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina 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.
Sprinklers was the largest segment with a revenue share of 61.65% in 2023. Horizon Databook has segmented the Argentina fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina’s mining sector has enormous potential. The mineable ore minerals in Argentina are gold, silver, and copper and the country is home to the third-largest lithium resource in the world. The increasing mining projects in the country will pave the way for equipment manufacturers and its market’s growth.
According to the Portfolio of Mining Construction Projects 2020 from the Ministry of Energy and Mines, the government has 46 mining projects with a joint investment of USD 51 Billion. When equipment is kept running in hard conditions and high temperatures, there is always a risk of fire.
The market for fire suppression systems will rise in response to an increase in fire accidents and strict government regulations to safeguard life safety. These aforementioned factors will drive the demand for fire suppression systems in the mining industry over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into Argentina fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina fire suppression market size, by product, 2018-2030 (US$M)
Argentina Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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