North America Fire Suppression Market Size & Outlook
North America fire suppression market, 2018-2030 (US$M)
Related Markets
North America fire suppression market highlights
- The North America fire suppression market generated a revenue of USD 7,899.0 million in 2023.
- The market is expected to grow at a CAGR of 3.1% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 7,899.0 million |
| Market revenue in 2030 | USD 9,775.2 million |
| Growth rate | 3.1% (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, North America region accounted for 42.4% 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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North 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 72.02% in 2023. Horizon Databook has segmented the North America fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
North America held a significant share of the market for fire suppression systems in 2021 on account of rising demand for multifamily housing projects and growing consumer awareness regarding fire safety.
Rising spending capability of consumers and growing emphasis by the government and regulatory bodies to improve the overall fire safety standard of the buildings in the region are expected to drive the demand for fire suppression systems and, in turn, trigger the market growth over the forecast period.
The Federal, state, and local codes in the region mandate the implementation of effective fire detection and protection measures to suppress fire in the initial phase. These codes are largely adopted by nonresidential buildings to prevent severe damage in terms of human life and property.
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Our clientele includes a mix of fire suppression market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America fire suppression market , including forecasts for subscribers. This continent databook contains high-level insights into North America fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America fire suppression market size, by country, 2018-2030 (US$M)
North America Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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