Canada Fire Suppression System Market Size & Outlook
Canada fire suppression system market, 2018-2030 (US$M)
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Canada fire suppression system market highlights
- The Canada fire suppression system market generated a revenue of USD 982.4 million in 2023 and is expected to reach USD 1,251.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.5% 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 982.4 million |
| Market revenue in 2030 | USD 1,251.5 million |
| Growth rate | 3.5% (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, Canada accounted for 4.7% 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 North America, U.S. fire suppression system market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 364.4 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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Canada 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 73.51% in 2023. Horizon Databook has segmented the Canada fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Business Development Bank of Canada, the economy of the country grew moderately a rate of 4.5% owing to the widespread administering of the COVID-19 vaccine in Canada.
The reopening of the U.S. economy is anticipated to have a positive impact on the economy of Canada owing to the surging exchange of goods and services between both countries. According to OECD, the real GDP of Canada is projected to grow by 3.8% , respectively.
Diverse municipal infrastructure investments, certified site programs, and streamlined regulations fuel private sector industrial investments and expansions across Canada. Through public-private partnerships, the country is advancing its industrial agenda.
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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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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 Canada fire suppression system market , including forecasts for subscribers. This country databook contains high-level insights into Canada fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada fire suppression system market size, by product, 2018-2030 (US$M)
Canada Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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