Middle East & Africa Fire Suppression Market Size & Outlook
Middle East & Africa fire suppression market, 2018-2030 (US$M)
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MEA fire suppression market highlights
- The MEA fire suppression market generated a revenue of USD 1,468.3 million in 2023.
- The market is expected to grow at a CAGR of 7.8% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,468.3 million |
| Market revenue in 2030 | USD 2,486.9 million |
| Growth rate | 7.8% (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, MEA region accounted for 7.9% 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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Middle East & Africa 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 55.24% in 2023. Horizon Databook has segmented the Middle East & Africa fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as the rolling out of the COVID-19 vaccine, improving oil prices, and ongoing government initiatives to provide economic stimulus to various countries in the region are fueling the GDP growth of the Middle East & Africa.
Oil producers in the region are potentially profiting from the increasing oil prices. According to the World Bank MENA Economic Update, the economy of the Middle East & North Africa (MENA) is expected to grow post-pandemic by 5.2%.
The Middle East & Africa is characterized by several developing as well as underdeveloped countries. Some of the major countries in the region include Saudi Arabia, the UAE, Qatar, Oman, Egypt, and South Africa.
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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 Middle East & Africa fire suppression market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA fire suppression market size, by country, 2018-2030 (US$M)
Middle East & Africa Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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