Brazil Fire Suppression Market Size & Outlook, 2023-2030
Brazil fire suppression market, 2018-2030 (US$M)
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Brazil fire suppression market highlights
- The Brazil fire suppression market generated a revenue of USD 425.6 million in 2023 and is expected to reach USD 675.0 million by 2030.
- The Brazil market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, fire extinguishers 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 425.6 million |
| Market revenue in 2030 | USD 675.0 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Fire extinguishers |
| 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, Brazil accounted for 2.3% 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 |
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Brazil 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 76.22% in 2023. Horizon Databook has segmented the Brazil fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil faced unprecedented health, social, and economic challenges as a result of the COVID-19 pandemic, resulting in a 4.1% drop in GDP in 2020, followed by a rebound in 2021. Domestic and external demand recovery, as well as rising commodity prices, are expected to propel GDP growth to 2.8% in 2022.
Rising vaccination rates also contribute to the expected increase in growth rates. Brazil is among the top five countries in the world that have been severely hit by the pandemic. As the world makes its way towards an economic rebound, many OEMs, especially in North America, are likely to choose Brazil and other South American countries as their alternative production base.
This is anticipated to increase the demand for fire suppression products. The growth of the construction industry in Brazil is expected to be driven by the rise in investments for carrying out infrastructure development projects.
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Our clientele includes a mix of fire suppression market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into Brazil fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil fire suppression market size, by product, 2018-2030 (US$M)
Brazil Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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