Middle East & Africa Powder Fire Suppression Systems Market Size & Outlook
Middle East & Africa powder fire suppression systems market, 2018-2030 (US$Ms)
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MEA powder fire suppression systems market highlights
- The MEA powder fire suppression systems market generated a revenue of USD 257.6 millions in 2023.
- The market is expected to grow at a CAGR of 3.6% 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.
- Country-wise, Israel is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 257.6 millions |
| Market revenue in 2030 | USD 329.5 millions |
| Growth rate | 3.6% (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, MEA region accounted for 5.7% 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.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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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Middle East & Africa 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 46.12% in 2023. Horizon Databook has segmented the Middle East & Africa powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle Eastern governments' increasing emphasis on lowering their reliance on the energy industry, along with increasing measures to raise domestic production output in the petrochemicals, chemicals, and other industrial sectors, are likely to increase the use of powder fire suppression systems.
The UAE produces 3.2 million barrels of petroleum and liquids per day on average. The oil & gas industry in Middle East & Africa generated a considerable part of the market in 2022 as a result of sustained investments in exploration and refining capacity expansion.
According to industry analysts, a fire incident on an offshore or onshore site occurs every 2-3 years on average, resulting in large-scale fatalities. These aforementioned factors will drive the demand for powder fire suppression systems in the coming years.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa powder fire suppression systems market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA powder fire suppression systems market size, by country, 2018-2030 (US$Ms)
Middle East & Africa Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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