Germany Fire Suppression System Market Size & Outlook
Germany fire suppression system market, 2018-2030 (US$M)
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Germany fire suppression system market highlights
- The Germany fire suppression system market generated a revenue of USD 1,947.5 million in 2023 and is expected to reach USD 2,764.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.1% 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 1,947.5 million |
| Market revenue in 2030 | USD 2,764.6 million |
| Growth rate | 5.1% (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, Germany accounted for 9.2% 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 Europe, Germany fire suppression system market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,416.5 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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Germany 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 59.23% in 2023. Horizon Databook has segmented the Germany fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
According to International Monetary Fund (IMF) forecasts, the GDP of Germany contracted by 4.6% in 2020 due to the spread of COVID-19. The economy is projected to grow by 1.9% in 2022 and 1.7% in 2023 according to Organization for Economic Co-operation and Development (OECD), with the recovery slowed by the Ukraine conflict and the Russian oil embargo.
Rising inflation weakens household purchasing power, dampening the recovery in private consumption. With global supply constraints in intermediate products preventing the local industry from ramping up pace despite robust domestic and international demand, the German economy was struggling to boost activity above and beyond 2% growth in 2021.
Germany is the leading construction market in Europe, and this can be attributed to various factors such as favorable government incentives, economic confidence, digitization, resource productivity, and circular economy.
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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 Germany fire suppression system market , including forecasts for subscribers. This country databook contains high-level insights into Germany fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany fire suppression system market size, by product, 2018-2030 (US$M)
Germany Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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