Middle East & Africa Fire Suppression System Market Size & Outlook
Middle East & Africa fire suppression system market, 2018-2030 (US$M)
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MEA fire suppression system market highlights
- The MEA fire suppression system market generated a revenue of USD 1,669.0 million in 2023.
- The market is expected to grow at a CAGR of 6.8% 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, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,669.0 million |
| Market revenue in 2030 | USD 2,645.7 million |
| Growth rate | 6.8% (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, MEA region accounted for 7.9% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Fire Suppression System Market Scope
Fire Suppression System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 57.08% in 2023. Horizon Databook has segmented the Middle East & Africa fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as the rolling out of the COVID-19 vaccine, improving oil prices, and ongoing government initiatives to provide economic stimulus to various countries in the region are fueling the GDP growth of the Middle East & Africa.
Oil producers in the region are potentially profiting from the increasing oil prices. According to the World Bank MENA Economic Update, the economy of the Middle East & North Africa (MENA) is expected to grow post-pandemic by 5.2%. The Middle East & Africa is characterized by several developing as well as underdeveloped countries.
Some of the major countries in the region include Saudi Arabia, the UAE, Qatar, Oman, Egypt, and South Africa. According to Flitch Rating and International Monetary Fund, robust government spending in GCC is expected to increase the expenditure on the construction of hospitals, leisure projects, and schools, which, in turn is, expected to propel the market growth of fire protection in the region.
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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 continent-level data and insights on the Middle East & Africa fire suppression system market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA fire suppression system market size, by country, 2018-2030 (US$M)
Middle East & Africa Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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