Global Fire Suppression System Market Size & Outlook
The fire suppression system industry worldwide is expected to reach a projected revenue of US$ 29,537.7 million by 2030. A compound annual growth rate of 4.9% is expected of the worldwide fire suppression system industry from 2024 to 2030.
Revenue, 2023 (US$M)
$21,112.4
Forecast, 2030 (US$M)
$29,537.7
CAGR, 2024 - 2030
4.9%
Report Coverage
Worldwide
Global fire suppression system market, 2018-2030 (US$M)
Related Markets
Global fire suppression system market highlights
- The global fire suppression system market generated a revenue of USD 21,112.4 million in 2023 and is expected to reach USD 29,537.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.9% by 2030.
- In terms of segment, fire extinguishers accounted for a revenue of USD 12,148.8 million in 2023.
- Sprinklers is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 21,112.4 million |
| Market revenue in 2030 | USD 29,537.7 million |
| Growth rate | 4.9% (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 |
Other key industry trends
- In terms of revenue, the North America accounted for 36.7% of the global fire suppression system market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 7,728.2 million by 2030.
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Fire Suppression System Market Scope
Fire suppression system market segmentation & scope
Fire Suppression System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global fire suppression system 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 system market will help companies and investors design strategic landscapes.
fire extinguishers was the largest segment with a revenue share of 57.54% in 2023. Horizon Databook has segmented the Global fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Fire Suppression System Product Outlook (Revenue, USD Million, 2018-2030)
- Fire Extinguishers
- Gas
- Water
- Dry Chemical Powder
- Other Fire Extinguishers
- Sprinklers
- Fire Extinguishers
- Global Fire Suppression System Application Outlook (Revenue, USD Million, 2018-2030)
- Commercial
- Industrial
- Residential
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Our clientele includes a mix of fire suppression system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fire suppression system market , including forecasts for subscribers. This global databook contains high-level insights into Global fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global fire suppression system market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Fire suppression system market size, 2023 (USD Million)
Top 10 countries: Fire suppression system market size, 2023 (USD Million)
Global fire suppression system market, by region, 2023 (US$M)
Related regional statistics
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