Brazil Fire Suppression System Market Size & Outlook
Brazil fire suppression system market, 2018-2030 (US$M)
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Brazil fire suppression system market highlights
- The Brazil fire suppression system market generated a revenue of USD 545.8 million in 2023 and is expected to reach USD 790.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.4% 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 545.8 million |
| Market revenue in 2030 | USD 790.6 million |
| Growth rate | 5.4% (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, Brazil accounted for 2.6% 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 Latin America, Brazil fire suppression system market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 790.6 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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Brazil 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 76.22% in 2023. Horizon Databook has segmented the Brazil fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil faced unprecedented health, social, and economic challenges as a result of the COVID-19 pandemic, resulting in a 4.1% drop in GDP in 2020, followed by a rebound in 2021. Domestic and external demand recovery, as well as rising commodity prices, are expected to propel GDP growth to 2.8% in 2022.
Rising vaccination rates also contribute to the expected increase in growth rates. Brazil is among the top five countries in the world that have been severely hit by the pandemic.
As the world makes its way towards an economic rebound, many OEMs, especially in North America, are likely to choose Brazil and other South American countries as their alternative production base.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil fire suppression system market , including forecasts for subscribers. This country databook contains high-level insights into Brazil fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil fire suppression system market size, by product, 2018-2030 (US$M)
Brazil Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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