South Africa Fire Suppression Market Size & Outlook
South Africa fire suppression market, 2018-2030 (US$M)
Related Markets
South Africa fire suppression market highlights
- The South Africa fire suppression market generated a revenue of USD 422.9 million in 2023 and is expected to reach USD 790.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.3% 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 422.9 million |
| Market revenue in 2030 | USD 790.2 million |
| Growth rate | 9.3% (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, South Africa accounted for 2.3% 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 |
|---|
South 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.
Sprinklers was the largest segment with a revenue share of 61.69% in 2023. Horizon Databook has segmented the South Africa fire suppression market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is a lucrative market for mining equipment manufacturers where mining dominates social, economic, and political environment. The country is mostly known for producing gold, platinum, diamonds, and coal, as well as hosting chromium, titanium, vanadium, and other minor minerals.
Furthermore, increasing industrialization and growing urban population in South Africa are driving the demand for natural resources such as oil and minerals which is driving the demand for the mining equipment market, which will further drive the demand for fire suppression systems in mining industry.
According to industry estimates, mining fires continue to plague the industry, accounting for 27% of all losses. The risk of fire is always present when equipment continues to run at high temperatures and harsh circumstances.
Reasons to subscribe to South Africa 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 South Africa 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 South Africa fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into South Africa fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa fire suppression market size, by product, 2018-2030 (US$M)
South Africa 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
