Mexico Fire Suppression System Market Size & Outlook
Mexico fire suppression system market, 2018-2030 (US$M)
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Mexico fire suppression system market highlights
- The Mexico fire suppression system market generated a revenue of USD 271.1 million in 2023 and is expected to reach USD 364.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.3% 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 271.1 million |
| Market revenue in 2030 | USD 364.4 million |
| Growth rate | 4.3% (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, Mexico accounted for 1.3% 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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Mexico 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 60.64% in 2023. Horizon Databook has segmented the Mexico fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
Primary industrial sectors in Mexico include aerospace, automotive, and pharmaceuticals, which are significant sub-sectors of manufacturing industry.
Major companies are involved in component manufacturing for automotive and aerospace industries, which is attributed to low labor costs and abundant access to raw materials in the country.
The increasing manufacturing activities coupled with rising awareness about fire safety are anticipated to propel the growth of the fire suppression systems market in the country over the forecast period.
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Target buyers of Mexico fire suppression system market databook
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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 Mexico fire suppression system market , including forecasts for subscribers. This country databook contains high-level insights into Mexico fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico fire suppression system market size, by product, 2018-2030 (US$M)
Mexico Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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