Israel Powder Fire Suppression Systems Market Size & Outlook
Israel powder fire suppression systems market, 2018-2030 (US$Ms)
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Israel powder fire suppression systems market highlights
- The Israel powder fire suppression systems market generated a revenue of USD 18.0 millions in 2023 and is expected to reach USD 25.4 millions by 2030.
- The Israel market is expected to grow at a CAGR of 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.
Powder fire suppression systems market data book summary
| Market revenue in 2023 | USD 18.0 millions |
| Market revenue in 2030 | USD 25.4 millions |
| Growth rate | 5% (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, Israel accounted for 0.4% 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 Middle East & Africa, Saudi Arabia powder fire suppression systems market is projected to lead the regional market in terms of revenue in 2030.
- Israel is the fastest growing regional market in Middle East & Africa and is projected to reach USD 25.4 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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Israel 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 45.56% in 2023. Horizon Databook has segmented the Israel powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The Israeli Ministry of Energy's 2030 power generation objective is to replace coal with natural gas principally, achieving an energy mix of 70% natural gas and 30% renewables while retiring all coal units. The electrical industry, which accounts for 79% of generation sources, has led the increase in natural gas use.
Despite rising local demand for natural gas, Israel's export market for natural gas is expanding rapidly. The expansion of various industrial facilities and the presence of stringent fire safety regulations across Israel are expected to contribute significantly to the demand for powder fire suppression systems.
Powder fire suppression systems used for extinguishing fires at the industrial or manufacturing places are considered in this segment. According to the NFPA, structure fires are more common in manufacturing or processing properties. These aforementioned factors will propel the market expansion over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Israel powder fire suppression systems market , including forecasts for subscribers. This country databook contains high-level insights into Israel powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Israel powder fire suppression systems market size, by application, 2018-2030 (US$Ms)
Israel Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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