Canada Powder Fire Suppression Systems Market Size & Outlook
Canada powder fire suppression systems market, 2018-2030 (US$Ms)
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Canada powder fire suppression systems market highlights
- The Canada powder fire suppression systems market generated a revenue of USD 179.4 millions in 2023 and is expected to reach USD 246.4 millions by 2030.
- The Canada market is expected to grow at a CAGR of 4.6% 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 179.4 millions |
| Market revenue in 2030 | USD 246.4 millions |
| Growth rate | 4.6% (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, Canada accounted for 4.0% 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 North America, U.S. powder fire suppression systems 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 295.6 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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Canada 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 47.83% in 2023. Horizon Databook has segmented the Canada powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Diverse municipal infrastructure investments, certified site programs, and streamlined regulations fuel private sector industrial investments and expansions across Canada. Through public-private partnerships, the country is advancing its industrial agenda.
Canada is the fifth-largest crude oil producer in the world, according to the U.S. Energy Information Administration (EIA). As a result, Canada is seen as a prominent market in which various energy businesses wish to invest. Canadian refineries can process roughly 2 million barrels of crude oil per day, according to Employment and Social Development Canada.
In 2020, Canada produced 46 million tons of coal, 57% of which was metallurgical coal used in steel making. The aforementioned factors coupled with rising fire safety awareness are likely to drive the demand for powder fire suppression products in the country over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada powder fire suppression systems market , including forecasts for subscribers. This country databook contains high-level insights into Canada powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada powder fire suppression systems market size, by application, 2018-2030 (US$Ms)
Canada Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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