Europe Fire Suppression System Market Size & Outlook
Europe fire suppression system market, 2018-2030 (US$M)
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Europe fire suppression system market highlights
- The Europe fire suppression system market generated a revenue of USD 5,932.3 million in 2023.
- The market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, sprinklers was the largest revenue generating product in 2023.
- Sprinklers is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 5,932.3 million |
| Market revenue in 2030 | USD 8,617.2 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Sprinklers |
| 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 |
| 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, Europe region accounted for 28.1% of the global fire suppression system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 2,645.7 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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Europe 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.
Sprinklers was the largest segment with a revenue share of 51.1% in 2023. Horizon Databook has segmented the Europe fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is characterized by the presence of several major economies in the world, such as Germany, the UK, France, Spain, Italy, and Russia. Supportive policies, strong growth in wages, and continuous employment creation are some of the factors contributing to the region's economic growth.
However, the recent outbreak of COVID-19 in several countries across the region is expected to have a severe and negative impact on the region’s economic growth. This downturn is the effect of the Russia-Ukraine war and lockdowns in China.
Furthermore, rising commodity costs and supply-side disruptions will fuel inflation. In the coming years, the European economy is projected to expand steadily on account of supportive initiatives such as the European Green Deal and Horizon 2020 program taken by the government, growth in wages, and continuous job creation.
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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 continent-level data and insights on the Europe fire suppression system market , including forecasts for subscribers. This continent databook contains high-level insights into Europe fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe fire suppression system market size, by country, 2018-2030 (US$M)
Europe Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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