Asia Pacific Powder Fire Suppression Systems Market Size & Outlook
Asia Pacific powder fire suppression systems market, 2018-2030 (US$Ms)
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Asia Pacific powder fire suppression systems market highlights
- The Asia Pacific powder fire suppression systems market generated a revenue of USD 897.3 millions in 2023.
- The market is expected to grow at a CAGR of 6.5% 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.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 897.3 millions |
| Market revenue in 2030 | USD 1,390.8 millions |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Residential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Asia Pacific region accounted for 20.0% of the global powder fire suppression systems market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,390.8 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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Asia Pacific 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 44.27% in 2023. Horizon Databook has segmented the Asia Pacific powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The deepening trade tensions between the U.S. and China coupled with regional tensions such as the bilateral relationship between South Korea and Japan are anticipated to impact the overall economic growth of the region.
Asia Pacific powder fire suppression systems market is expected to grow significantly over the forecast period owing to the increased fire safety awareness among end users and increased construction activity in growing nations such as India and China.
In addition, increased awareness about the avoidance of spontaneous fires in commercial facilities such as schools, hospitals, and hotels is driving the demand for powder fire suppression systems in the region.
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Our clientele includes a mix of powder fire suppression systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific powder fire suppression systems market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific powder fire suppression systems market size, by country, 2018-2030 (US$Ms)
Asia Pacific Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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