Italy Fire Suppression System Market Size & Outlook
Italy fire suppression system market, 2018-2030 (US$M)
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Italy fire suppression system market highlights
- The Italy fire suppression system market generated a revenue of USD 323.6 million in 2023 and is expected to reach USD 440.6 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.5% 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.
Fire suppression system market data book summary
| Market revenue in 2023 | USD 323.6 million |
| Market revenue in 2030 | USD 440.6 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Sprinklers |
| 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, Italy accounted for 1.5% 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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Italy 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 53.03% in 2023. Horizon Databook has segmented the Italy fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Protracted supply constraints and sharply rising energy prices in Italy darken the near-term outlook. In the near future, diminishing purchasing power of consumers in Italy are projected to impact the real GDP growth of Italy, especially in the consumer services sector.
In 2022 and 2023, investment spending is projected to decelerate in the country due to Russia Ukraine war but remain stable as a result of actions included in the Recovery and Resilience Plan of Italy. Italy stands 2nd in terms of domestic airline seat capacity in Western Europe after Spain.
When compared to other major European countries, domestic market in Spain has witnessed significant growth over the previous five years. In Italy, the aerospace & defense industry is highly advanced. Various standards and norms enforced by different national and international regulatory organizations also had a significant impact on the growth of fire suppression systems Market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy fire suppression system market , including forecasts for subscribers. This country databook contains high-level insights into Italy fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy fire suppression system market size, by product, 2018-2030 (US$M)
Italy Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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