India Fire Suppression Market Size & Outlook, 2023-2030
India fire suppression market, 2018-2030 (US$M)
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India fire suppression market highlights
- The India fire suppression market generated a revenue of USD 338.3 million in 2023 and is expected to reach USD 708.9 million by 2030.
- The India market is expected to grow at a CAGR of 11.1% 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 338.3 million |
| Market revenue in 2030 | USD 708.9 million |
| Growth rate | 11.1% (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, India accounted for 1.8% 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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India 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 61.37% in 2023. Horizon Databook has segmented the India fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IMF, India’s GDP declined by 8% in 2020 due to the outbreak of COVID-19. The entire country was in lockdown for a few months, which impacted its GDP negatively, however, the GDP growth reached 12.5% by 2021.
Stringent regulations regarding the fire safety are anticipated to fuel the demand for fire suppression systems over the forecast period. The economy of India is progressing rapidly owing to the launch of the Make in India program, along with ongoing infrastructural development projects in the country and rising government and private sector investments.
According to India Brand Equity Foundation (IBEF), the country is anticipated to become the third-largest construction market worldwide by 2022. From 2019 to 2023, India plans to spend USD 1.4 trillion on infrastructure development projects through its National Infrastructure Pipeline, this, in turn, projected to drive the demand for fire suppression systems over the forecast period.
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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 country-level data and insights on the India fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into India fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India fire suppression market size, by product, 2018-2030 (US$M)
India Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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