India Powder Fire Suppression Systems Market Size & Outlook
India powder fire suppression systems market, 2018-2030 (US$Ms)
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India powder fire suppression systems market highlights
- The India powder fire suppression systems market generated a revenue of USD 120.4 millions in 2023 and is expected to reach USD 207.7 millions by 2030.
- The India market is expected to grow at a CAGR of 8.1% 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 120.4 millions |
| Market revenue in 2030 | USD 207.7 millions |
| Growth rate | 8.1% (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, India accounted for 2.7% 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 Asia Pacific, China powder fire suppression systems market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 207.7 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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India 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 45.18% in 2023. Horizon Databook has segmented the India powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The economy of India is progressing rapidly owing to the launch of the “Make in India” program along with the ongoing infrastructural development projects in the country and rising government and private sector investments. According to various industry sources, the country is anticipated to become the third-largest construction market worldwide by 2022.
Due to expanding investment in industries such as automotive, power, nuclear, construction, and oil & gas, India is likely to contribute a major portion of global demand for powder fire suppression systems. The low production costs and easy raw material procurement in India can be ascribed to ample raw material availability, low transportation costs, and labor expenses.
100% FDI in the Indian construction industry is predicted to drive foreign investments in the sector, coupled with stringent fire safety regulations in the construction sector, and is driving the demand for powder fire suppression systems 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 India powder fire suppression systems market , including forecasts for subscribers. This country databook contains high-level insights into India powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India powder fire suppression systems market size, by application, 2018-2030 (US$Ms)
India Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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