Saudi Arabia Fire Suppression Market Size & Outlook
Saudi Arabia fire suppression market, 2018-2030 (US$M)
Related Markets
Saudi Arabia fire suppression market highlights
- The Saudi Arabia fire suppression market generated a revenue of USD 198.2 million in 2023 and is expected to reach USD 324.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.3% 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 198.2 million |
| Market revenue in 2030 | USD 324.0 million |
| Growth rate | 7.3% (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, Saudi Arabia accounted for 1.1% 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 Middle East & Africa, South Africa fire suppression market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 790.2 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Fire Suppression Market Scope
Fire Suppression Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 59.69% in 2023. Horizon Databook has segmented the Saudi Arabia fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
The Saudi Arabian government controls the country's oil-based economy's key economic activity. Saudi Arabia contains almost 17% of the world's proven petroleum reserves, and is a key member of OPEC, one of the global crude oil exporters & producers, and is an oil refiner and natural gas producer.
Furthermore, according to the U.S. Energy Information Administration, exports for petroleum accounted for about 70% of total exports in terms of value in 2020, while oil accounted for approximately 53% of Saudi government revenues.
Thus, growing oil & gas industry coupled with stringent government regulations related to fire safety in oil & gas industry will drive the demand for fire suppression system in the coming years. Saudi Arabia is an appealing mining location owing to government support for investors, low-cost energy for output processing, and continuous infrastructure investment.
Reasons to subscribe to Saudi Arabia fire suppression market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Saudi Arabia fire suppression market databook
-
Our clientele includes a mix of fire suppression market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 Saudi Arabia fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Saudi Arabia fire suppression market size, by product, 2018-2030 (US$M)
Saudi Arabia Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
