Japan Fire Suppression Market Size & Outlook, 2023-2030
Japan fire suppression market, 2018-2030 (US$M)
Related Markets
Japan fire suppression market highlights
- The Japan fire suppression market generated a revenue of USD 492.4 million in 2023 and is expected to reach USD 781.5 million by 2030.
- The Japan 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 492.4 million |
| Market revenue in 2030 | USD 781.5 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, Japan accounted for 2.6% 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 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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Japan 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 57.74% in 2023. Horizon Databook has segmented the Japan fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Monetary Fund, the GDP growth of Japan declined by 4.6% in 2020 in the wake of the COVID-19 pandemic. The economic growth of Japan is expected to recover owing to increased business investments and rising consumer spending supported by shopping rebates.
IMF estimated that the GDP growth of Japan 2.5% in 2022. Fire protection systems play a significant role in safeguarding and alerting residents and occupants of a facility from potential fire hazards. A fire suppression system helps to save lives and property from the potential damages that fire can inflict.
The increased awareness regarding the vast benefits of fire protection systems has led to a notable rise in the adoption of a variety of fire safety solutions in residential and commercial settings.
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Target buyers of Japan fire suppression market databook
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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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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 Japan fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into Japan fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan fire suppression market size, by product, 2018-2030 (US$M)
Japan Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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