Latin America Powder Fire Suppression Systems Market Size & Outlook
Latin America powder fire suppression systems market, 2018-2030 (US$Ms)
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Latin America powder fire suppression systems market highlights
- The Latin America powder fire suppression systems market generated a revenue of USD 215.0 millions in 2023.
- The 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 215.0 millions |
| Market revenue in 2030 | USD 302.9 millions |
| Growth rate | 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, Latin America region accounted for 4.8% 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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Latin America 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 45.91% in 2023. Horizon Databook has segmented the Latin America powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Central and South America generates the world’s three most significant commodities: iron ore, copper, and gold. Brazil leads the region’s mining industry with its massive iron-ore mines, while Chile is the second-largest producer of mined metals.
The region of Central and South America is anticipated to grow over the forecast period as significant expenditures are strengthening mineral exploration activity. Central and South America has a higher potential for exploration as compared to North America and Europe.
Mining firms in Peru have already started to adopt fire safety culture to improve their capabilities. Thus, the rising mining industries in the region is expected to fuel the market demand over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America powder fire suppression systems market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America powder fire suppression systems market size, by country, 2018-2030 (US$Ms)
Latin America Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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