Europe Fire Suppression Market Size & Outlook, 2023-2030
Europe fire suppression market, 2018-2030 (US$M)
Related Markets
Europe fire suppression market highlights
- The Europe fire suppression market generated a revenue of USD 4,851.2 million in 2023.
- The market is expected to grow at a CAGR of 6.3% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 4,851.2 million |
| Market revenue in 2030 | USD 7,435.8 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Fire extinguishers |
| 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, Europe region accounted for 26.1% 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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Europe 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 54.73% in 2023. Horizon Databook has segmented the Europe fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is characterized by the presence of several major economies in the world, such as Germany, the UK, France, Spain, Italy, and Russia. Supportive policies, strong growth in wages, and continuous employment creation are some of the factors contributing to the region's economic growth.
However, the recent outbreak of COVID-19 in several countries across the region is expected to have a severe and negative impact on the region’s economic growth. According to Eurostat, the European Union’s total GDP dropped by 5.9% in 2020, proving to be a huge setback for the European economy.
The decline in GDP was due to a reduction in economic activity and restrictions implemented in 2020 as a result of COVID-19. According to the OECD, GDP will expand by 2.6% in 2022 and 1.6% in 2023. This downturn is the effect of the Russia-Ukraine war and lockdowns in China.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe fire suppression market , including forecasts for subscribers. This continent databook contains high-level insights into Europe fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe fire suppression market size, by country, 2018-2030 (US$M)
Europe Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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