Mexico Fire Suppression Market Size & Outlook, 2023-2030
Mexico fire suppression market, 2018-2030 (US$M)
Related Markets
Mexico fire suppression market highlights
- The Mexico fire suppression market generated a revenue of USD 284.6 million in 2023 and is expected to reach USD 525.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.1% from 2024 to 2030.
- In terms of segment, sprinklers 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 284.6 million |
| Market revenue in 2030 | USD 525.0 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Sprinklers |
| 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, Mexico accounted for 1.5% 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 Latin America, Brazil fire suppression market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 525.0 million by 2030.
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Fire Suppression Market Scope
Fire Suppression Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico 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.
Sprinklers was the largest segment with a revenue share of 61.7% in 2023. Horizon Databook has segmented the Mexico 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’s (IMF) Economic Outlook, Mexico’s GDP growth rate dropped by 8.24 % in 2020. This decline can be attributed to the nationwide lockdown implemented to limit the spread of COVID-19.
According to the OECD, Mexico’s GDP is expected to rise by 1.9% in 2022 and 2.1% in 2023. Primary industrial sectors in Mexico include aerospace, automotive, and pharmaceuticals, which are significant sub-sectors of manufacturing industry.
Major companies are involved in component manufacturing for automotive and aerospace industries, which is attributed to low labor costs and abundant access to raw materials in the country. The increasing manufacturing activities coupled with rising awareness about fire safety are anticipated to propel the growth of the fire suppression systems market in the country 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 country-level data and insights on the Mexico fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into Mexico fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico fire suppression market size, by product, 2018-2030 (US$M)
Mexico Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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