Global Fire Suppression System Market Size & Outlook
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 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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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 size, by regions, 2018-2030 (US$M)
Top 10 countries: Fire suppression system market size, 2023 (US$M)
Global fire suppression system market share, by product, 2023 & 2030 (%, US$M)
Fire suppression system market: Opportunity assessment by country
Global fire suppression system market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 7,608.3 | 7,838.1 | 7,309.3 | 7,377.3 | 7,487.5 | 7,744.7 | 7,942.0 | 8,283.0 | 8,511.6 | 8,697.9 | 8,899.9 | 9,115.2 | 9,344.1 | 2.7% |
| Europe | 5,179.7 | 5,474.1 | 5,240.8 | 5,435.0 | 5,672.8 | 5,932.3 | 6,227.6 | 6,537.2 | 6,885.8 | 7,265.2 | 7,677.9 | 8,127.3 | 8,617.2 | 5.5% |
| Asia Pacific | 3,732.8 | 4,018.8 | 3,919.6 | 4,141.0 | 4,403.2 | 4,699.2 | 4,772.1 | 5,118.6 | 5,499.3 | 5,918.0 | 6,372.8 | 6,869.9 | 7,414.1 | 6.7% |
| Latin America | 916.8 | 973.7 | 936.7 | 976.2 | 1,023.9 | 1,067.3 | 1,103.9 | 1,120.6 | 1,186.9 | 1,259.1 | 1,337.6 | 1,437.2 | 1,516.6 | 5.2% |
| MEA | 1,489.7 | 1,585.8 | 1,529.3 | 1,597.6 | 1,679.6 | 1,669.0 | 1,993.3 | 1,985.2 | 2,053.2 | 2,182.9 | 2,323.9 | 2,463.7 | 2,645.8 | 6.8% |
| Overall | 18,927.2 | 19,890.6 | 18,935.8 | 19,527.0 | 20,267.0 | 21,112.4 | 22,038.8 | 23,044.6 | 24,136.8 | 25,323.0 | 26,612.1 | 28,013.4 | 29,537.7 | 4.9% |
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