Germany Powder Fire Suppression Systems Market Size & Outlook
Germany powder fire suppression systems market, 2018-2030 (US$Ms)
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Germany powder fire suppression systems market highlights
- The Germany powder fire suppression systems market generated a revenue of USD 318.4 millions in 2023 and is expected to reach USD 391.1 millions by 2030.
- The Germany market is expected to grow at a CAGR of 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 318.4 millions |
| Market revenue in 2030 | USD 391.1 millions |
| Growth rate | 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, Germany accounted for 7.1% 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 Europe, Germany powder fire suppression systems 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 380.6 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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Germany 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 42.21% in 2023. Horizon Databook has segmented the Germany powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
In 2021, the country struggled to achieve a growth rate of 2% owing to global supply bottlenecks in intermediate items that prevented the local sector from accelerating despite healthy domestic and foreign demand.
In addition, geopolitical and policy uncertainties persist in Germany that may delay the return of the country to pre-crisis economic growth levels. Moreover, there is a rise in interest rates in the U.S. and Europe and continuous supply chain challenges in Germany that have resulted in the lack of metals, stainless steel, and other raw materials in the country.
Germany is a leading construction market in Europe owing to the presence of favorable government incentives, economic confidence, digitization, resource productivity, and adoption of a circular economy. In addition, demographic changes such as the growing elderly population in the country are expected to drive the construction of hospitals and community centers in Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany powder fire suppression systems market , including forecasts for subscribers. This country databook contains high-level insights into Germany powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany powder fire suppression systems market size, by application, 2018-2030 (US$Ms)
Germany Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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