Latin America Fire Suppression Market Size & Outlook
Latin America fire suppression market, 2018-2030 (US$M)
Related Markets
Latin America fire suppression market highlights
- The Latin America fire suppression market generated a revenue of USD 1,026.2 million in 2023.
- The market is expected to grow at a CAGR of 7.3% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,026.2 million |
| Market revenue in 2030 | USD 1,681.9 million |
| Growth rate | 7.3% (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, Latin America region accounted for 5.5% 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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Latin America 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 53.59% in 2023. Horizon Databook has segmented the Latin America fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Economic growth in the U.S. is expected to benefit the manufacturing sector in Central & South America, as the region relies on the U.S. as a significant export destination. The positive growth of the manufacturing industry is likely to drive the demand for various fire suppression products in the region, thereby increasing market demand.
In countries such as Brazil, Peru, and Argentina, net exports from the manufacturing sector have returned to pre-pandemic levels, resulting in economic growth. After a 6.9% rebound in 2021, the regional GDP is projected to increase by 2.3% in 2022 and 2.2% in 2023, with the majority of countries recouping GDP losses incurred during the pandemic crisis, according to the International Monetary Fund (IMF).
Rising investment in exploration and production and refining capacity expansion projects is expected to promote the use of the products in the oil and gas sector. Furthermore, increasing investment by automotive companies in the region for capacity expansion and rising exports of various goods are expected to propel demand for fire suppression products 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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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 Latin America fire suppression market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America fire suppression market size, by country, 2018-2030 (US$M)
Latin America Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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