Spain Fire Suppression System Market Size & Outlook
Spain fire suppression system market, 2018-2030 (US$M)
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Spain fire suppression system market highlights
- The Spain fire suppression system market generated a revenue of USD 430.7 million in 2023 and is expected to reach USD 573.5 million by 2030.
- The Spain market is expected to grow at a CAGR of 4.2% 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 430.7 million |
| Market revenue in 2030 | USD 573.5 million |
| Growth rate | 4.2% (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, Spain accounted for 2.0% 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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Spain 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 Spain fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
The key contributors to the economy of Spain are the aerospace & defense, chemicals, and tourism industries. The textiles, food & beverages, metals, chemicals, and shipbuilding industries also account for significant shares of the economy of Spain and contribute significantly to the GDP of the country.
Various other industries in the country have also witnessed consistent growth over the past few years. The construction industry of Spain has been rebounding owing to the economic recovery of the country from the impact of the recession and increased foreign investments.
This is anticipated to surge construction activities in Spain, thereby fueling the demand for fire suppression systems to be installed in these newly constructed buildings and infrastructures over the forecast period.
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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 Spain fire suppression system market , including forecasts for subscribers. This country databook contains high-level insights into Spain fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain fire suppression system market size, by product, 2018-2030 (US$M)
Spain Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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