Australia Fire Suppression System Market Size & Outlook
Australia fire suppression system market, 2018-2030 (US$M)
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Australia fire suppression system market highlights
- The Australia fire suppression system market generated a revenue of USD 296.4 million in 2023 and is expected to reach USD 455.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 6.3% 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 system market data book summary
| Market revenue in 2023 | USD 296.4 million |
| Market revenue in 2030 | USD 455.6 million |
| Growth rate | 6.3% (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 | Minimax, Gentex Corp, Halma PLC, Hochiki Corp ADR, Honeywell International Inc, Johnson Controls International PLC, Siemens AG, RTX Corp, Bosch |
Other key industry trends
- In terms of revenue, Australia accounted for 1.4% of the global fire suppression system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China fire suppression system market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 820.9 million by 2030.
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Fire Suppression System Market Scope
Fire Suppression System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia 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 62.11% in 2023. Horizon Databook has segmented the Australia fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Thus, the growing construction industry coupled with the presence of stringent fire safety regulations in the country are expected to drive the market in the coming years.
According to the International Trade Administration, Australia's auto sector growth will be moderate as in 2021, local dealers sold 1,049,831 brand-new passenger cars, SUVs, and commercial vehicles.
The potential use of fire suppression systems in automotive production plants is to ensure the safety of the workforce. These aforementioned factors are expected to drive the demand for fire suppression systems in the coming years.
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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 country-level data and insights on the Australia fire suppression system market , including forecasts for subscribers. This country databook contains high-level insights into Australia fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia fire suppression system market size, by product, 2018-2030 (US$M)
Australia Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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