Mexico Powder Fire Suppression Systems Market Size & Outlook
Mexico powder fire suppression systems market, 2018-2030 (US$Ms)
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Mexico powder fire suppression systems market highlights
- The Mexico powder fire suppression systems market generated a revenue of USD 205.6 millions in 2023 and is expected to reach USD 295.6 millions by 2030.
- The Mexico market is expected to grow at a CAGR of 5.3% 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 205.6 millions |
| Market revenue in 2030 | USD 295.6 millions |
| Growth rate | 5.3% (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, Mexico accounted for 4.6% 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 North America, U.S. powder fire suppression systems market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 295.6 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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Mexico 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 49.61% in 2023. Horizon Databook has segmented the Mexico powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Primary industrial sectors in Mexico include aerospace, automotive, and pharmaceuticals, which are significant sub-sectors of manufacturing industry. Major companies are involved in component manufacturing for automotive and aerospace industries, which is attributed to low labor costs and abundant access to raw materials in the country.
Increasing private investments in the construction of commercial malls, mixed-use buildings such as offices, housing, and commercial spaces, and industrial buildings such as distribution & manufacturing facilities are expected to boost the growth of construction industry, thereby, complementing the growth of the powder fire suppression systems market in the country.
Upcoming construction projects near Mexico–U.S. border implement a mixture of traditional techniques from Mexico and advanced techniques from the U.S. These projects are expected to augment the demand for a wide array of fire safety products in commercial and industrial building constructions for ensuring fire safety.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico powder fire suppression systems market , including forecasts for subscribers. This country databook contains high-level insights into Mexico powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico powder fire suppression systems market size, by application, 2018-2030 (US$Ms)
Mexico Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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