U.S. Fire Suppression System Market Size & Outlook
U.S. fire suppression system market, 2018-2030 (US$M)
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U.S. fire suppression system market highlights
- The U.S. fire suppression system market generated a revenue of USD 6,491.2 million in 2023 and is expected to reach USD 7,728.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.5% from 2024 to 2030.
- In terms of segment, fire extinguishers 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 6,491.2 million |
| Market revenue in 2030 | USD 7,728.2 million |
| Growth rate | 2.5% (CAGR from 2023 to 2030) |
| Largest segment | Fire extinguishers |
| 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, U.S. accounted for 30.7% 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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U.S. 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.
Fire extinguishers was the largest segment with a revenue share of 71.4% in 2023. Horizon Databook has segmented the U.S. fire suppression system market based on fire extinguishers, sprinklers covering the revenue growth of each sub-segment from 2018 to 2030.
In the U.S., the penetration level of fire suppression equipment such as fire sprinklers across industrial verticals is projected to have strong growth in the upcoming years, as industrial sectors such as energy & power, manufacturing, and oil & gas involve a high risk of fire.
This is because materials such as crude oil, coal, petroleum, and flammable gases are being used. Since these materials are susceptible to fire, high-grade fire suppression and detection systems are deployed across these sectors to control and prevent fire.
The codes established by the National Fire Protection Association, generally known as the NFPA, control fire suppression systems. This organization develops codes, regulations, and recommendations for the installation and maintenance of fire suppression systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. fire suppression system market , including forecasts for subscribers. This country databook contains high-level insights into U.S. fire suppression system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. fire suppression system market size, by product, 2018-2030 (US$M)
U.S. Fire Suppression System Market Outlook Share, 2023 & 2030 (US$M)
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