Asia Pacific Fire Suppression Market Size & Outlook
Asia Pacific fire suppression market, 2018-2030 (US$M)
Related Markets
Asia Pacific fire suppression market highlights
- The Asia Pacific fire suppression market generated a revenue of USD 3,374.6 million in 2023.
- The market is expected to grow at a CAGR of 8.4% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,374.6 million |
| Market revenue in 2030 | USD 5,930.0 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Sprinklers |
| 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 |
| 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, Asia Pacific region accounted for 18.1% of the global fire suppression market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,930.0 million by 2030.
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Fire Suppression Market Scope
Fire Suppression Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 50.8% in 2023. Horizon Databook has segmented the Asia Pacific fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
According to a report by the International Monetary Fund (IMF), the GDP growth in Asia Pacific was - 1.5% in 2020, considering the containment measures and global economic slowdown during the COVID19 pandemic. The regional GDP is projected to witness growth at 7.6% in 2021, moderating to 5.4% in 2022.
The deepening trade tensions between the U.S. and China coupled with regional tensions such as the bilateral relationship between South Korea and Japan are anticipated to impact the overall economic growth of the region.
Growing manufacturing sector in emerging economies, especially China, Japan, and India, is positively impacting the growth of the fire suppression systems market. The Asia Pacific fire suppression systems market is projected to register the substantial growth over the forecast period.
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Target buyers of Asia Pacific fire suppression market databook
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Our clientele includes a mix of fire suppression 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 continent-level data and insights on the Asia Pacific fire suppression market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific fire suppression market size, by country, 2018-2030 (US$M)
Asia Pacific Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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