China Fire Suppression Market Size & Outlook, 2023-2030
China fire suppression market, 2018-2030 (US$M)
Related Markets
China fire suppression market highlights
- The China fire suppression market generated a revenue of USD 1,403.0 million in 2023 and is expected to reach USD 2,524.7 million by 2030.
- The China market is expected to grow at a CAGR of 8.8% 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 1,403.0 million |
| Market revenue in 2030 | USD 2,524.7 million |
| Growth rate | 8.8% (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, China accounted for 7.5% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Fire Suppression Market Scope
Fire Suppression Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 61.23% in 2023. Horizon Databook has segmented the China fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IMF World Economic Outlook, the GDP growth rate of China was 8.1% in 2021, which can be attributed to the large-scale capital investments financed by large domestic savings and foreign investment coupled with rapid growth in productivity.
The economic growth in China was impacted severely by the deepening U.S.–China trade tensions as well as the outbreak of COVID-19 in 2020. The country’s GPP growth is estimated to be 8.4% and 5.6% in 2021 and 2022, respectively.
Rapid urbanization in China is one of the primary factors boosting the growth of the construction sector. The government has implemented the National New-type Urbanization Plan 2014–2020 to manage excessive growth in urban areas.
Reasons to subscribe to China fire suppression market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of China fire suppression market databook
-
Our clientele includes a mix of fire suppression market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the China fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into China fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China fire suppression market size, by product, 2018-2030 (US$M)
China Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
