U.S. Fire Suppression Market Size & Outlook, 2023-2030
U.S. fire suppression market, 2018-2030 (US$M)
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U.S. fire suppression market highlights
- The U.S. fire suppression market generated a revenue of USD 6,733.6 million in 2023 and is expected to reach USD 8,334.5 million by 2030.
- The U.S. 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.
Fire suppression market data book summary
| Market revenue in 2023 | USD 6,733.6 million |
| Market revenue in 2030 | USD 8,334.5 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Fire extinguishers |
| 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, U.S. accounted for 36.2% 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 North America, U.S. fire suppression market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 8,334.5 million by 2030.
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Fire Suppression Market Scope
Fire Suppression Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 71.77% in 2023. Horizon Databook has segmented the U.S. 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, the GDP of the U.S. dropped by 3.5% in 2021 owing to the impact of the COVID-19 pandemic that resulted in the imposition of nationwide lockdowns to contain the spread of coronavirus.
However, the International Monetary Fund has estimated that the GDP of the U.S. is expected to grow at a rate of 2.9% and 1.7% in 2022 and 2023, respectively. In the U.S., the penetration level of fire suppression equipment such as fire sprinklers across industrial verticals is projected to have strong growth in the upcoming years, as industrial sectors such as energy & power, manufacturing, and oil & gas involve a high risk of fire.
This is because materials such as crude oil, coal, petroleum, and flammable gases are being used. Since these materials are susceptible to fire, high-grade fire suppression and detection systems are deployed across these sectors to control and prevent fire.
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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 country-level data and insights on the U.S. fire suppression market , including forecasts for subscribers. This country databook contains high-level insights into U.S. fire suppression market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. fire suppression market size, by product, 2018-2030 (US$M)
U.S. Fire Suppression Market Outlook Share, 2023 & 2030 (US$M)
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