Australia Fire Suppression Market Size & Outlook
Australia fire suppression market, 2018-2030 (US$M)
Related Markets
Australia fire suppression market highlights
- The Australia fire suppression market generated a revenue of USD 305.1 million in 2023 and is expected to reach USD 479.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.7% 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 305.1 million |
| Market revenue in 2030 | USD 479.3 million |
| Growth rate | 6.7% (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, Australia accounted for 1.6% 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 Asia Pacific, China fire suppression 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 708.9 million by 2030.
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Fire Suppression Market Scope
Fire Suppression Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 63.49% in 2023. Horizon Databook has segmented the Australia fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
A USD 1 billion funding package for smaller-scale projects in all states was announced by the Australian federal government in July 2020 to promote job development, which includes the Marinus underwater energy link between Victoria and Tasmania, the Olympic Dam extension in South Australia, emergency municipal water projects in NSW, and the rail, road, and iron-ore plants in Western Australia are all on the priority list of 15 infrastructure projects, totaling over USD 72 billion in public and private investment have started construction.
Thus, the growing construction industry coupled with the presence of stringent fire safety regulations in the country is expected to drive the market in the coming years. According to the International Trade Administration, Australia's auto sector growth will be moderate as in 2021, local dealers sold 1,049,831 brand-new passenger cars, SUVs, and commercial vehicles (up from 916,968 in 2020).
The potential use of fire suppression systems in automotive production plants is to ensure the safety of the workforce. These aforementioned factors are expected to drive the demand for fire suppression systems in the coming years.
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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 country-level data and insights on the Australia fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into Australia fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia fire suppression market size, by product, 2018-2030 (US$M)
Australia Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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