Argentina Powder Fire Suppression Systems Market Size & Outlook
Argentina powder fire suppression systems market, 2018-2030 (US$Ms)
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Argentina powder fire suppression systems market highlights
- The Argentina powder fire suppression systems market generated a revenue of USD 43.2 millions in 2023 and is expected to reach USD 66.4 millions by 2030.
- The Argentina market is expected to grow at a CAGR of 6.3% from 2024 to 2030.
- In terms of segment, industrial was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
Powder fire suppression systems market data book summary
| Market revenue in 2023 | USD 43.2 millions |
| Market revenue in 2030 | USD 66.4 millions |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Residential |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Residential, Commercial, Industrial |
| Key market players worldwide | Johnson Controls International PLC, Carrier Global Corp Ordinary Shares, Reliable Fire Equipment, Koorsen fire & security, Gielle Industries, Afex, American Fire Technologies, Stat-X, Buckeye Fire Equipment Company, Amerex Corporation, Siex 2001, Hochiki Corp ADR, NAFFCO Group, Halma PLC |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global powder fire suppression systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil powder fire suppression systems market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 66.4 millions by 2030.
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Powder Fire Suppression Systems Market Scope
Powder Fire Suppression Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina powder fire suppression systems 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 powder fire suppression systems market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 43.75% in 2023. Horizon Databook has segmented the Argentina powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina’s mining sector has enormous potential. The mineable ore minerals in Argentina are gold, silver, and copper and the country is home to the third-largest lithium resource in the world. The increasing mining projects in the country will pave the way for equipment manufacturers and its market’s growth.
According to the Portfolio of Mining Construction Projects 2020 from the Ministry of Energy and Mines, the government has 46 mining projects with a joint investment of USD 51 Billion. When equipment is kept running in hard conditions and high temperatures, there is always a risk of fire.
The market for powder fire suppression systems will rise in response to an increase in fire accidents and strict government regulations to safeguard life safety. These aforementioned factors will drive the demand for powder fire suppression systems in the mining industry over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina powder fire suppression systems market , including forecasts for subscribers. This country databook contains high-level insights into Argentina powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina powder fire suppression systems market size, by application, 2018-2030 (US$Ms)
Argentina Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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