Market revenue in 2023 | USD 372.6 million |
Market revenue in 2030 | USD 597.5 million |
Growth rate | 7% (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 |
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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 68.68% in 2023. Horizon Databook has segmented the South Africa fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is a lucrative market for mining equipment manufacturers where mining dominates social, economic, and political environment. The country is mostly known for producing gold, platinum, diamonds, and coal, as well as hosting chromium, titanium, vanadium, and other minor minerals.
Furthermore, increasing industrialization and growing urban population in South Africa are driving the demand for natural resources such as oil and minerals which is driving the demand for the mining equipment market, which will further drive the demand for fire suppression systems in mining industry.
According to industry estimates, mining fires continue to plague the industry, accounting for 27% of all losses. The risk of fire is always present when equipment continues to run at high temperatures and harsh circumstances.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa fire suppression system market , including forecasts for subscribers. This country databook contains high-level insights into South Africa fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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