Italy Fire Suppression Market Size & Outlook, 2023-2030
Italy fire suppression market, 2018-2030 (US$M)
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Italy fire suppression market highlights
- The Italy fire suppression market generated a revenue of USD 113.8 million in 2023 and is expected to reach USD 122.9 million by 2030.
- The Italy market is expected to grow at a CAGR of 1.1% 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 113.8 million |
| Market revenue in 2030 | USD 122.9 million |
| Growth rate | 1.1% (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, Italy accounted for 0.6% 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 Europe, Germany fire suppression market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,242.9 million by 2030.
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Fire Suppression Market Scope
Fire Suppression Market Companies
| Name | Profile | # Employees | HQ | Website |
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Italy 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 57.73% in 2023. Horizon Databook has segmented the Italy fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Protracted supply constraints and sharply rising energy prices in Italy darken the near-term outlook. In the near future, the diminishing purchasing power of consumers in Italy is projected to impact the real GDP growth of Italy, especially in the consumer services sector.
In 2022 and 2023, investment spending is projected to decelerate in the country due to Russia Russia-Ukrainian war but remain stable as a result of actions included in the Recovery and Resilience Plan of Italy. Italy stands 2nd in terms of domestic airline seat capacity in Western Europe after Spain.
When compared to other major European countries, the domestic market in Spain has witnessed significant growth over the previous five years. In Italy, the aerospace & defense industry is highly advanced. It recorded sales worth USD 12.3 billion in 2020.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into Italy fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy fire suppression market size, by product, 2018-2030 (US$M)
Italy Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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