North America Powder Fire Suppression Systems Market Size & Outlook
North America powder fire suppression systems market, 2018-2030 (US$Ms)
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North America powder fire suppression systems market highlights
- The North America powder fire suppression systems market generated a revenue of USD 2,048.6 millions in 2023.
- The market is expected to grow at a CAGR of 4.3% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,048.6 millions |
| Market revenue in 2030 | USD 2,744.3 millions |
| Growth rate | 4.3% (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, North America region accounted for 45.6% 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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North 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 45.4% in 2023. Horizon Databook has segmented the North America powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
North America is the largest and most influential economy globally, and it witnesses significant growth owing to the industrial dynamics and commodity abundance in its countries. The region is characterized by substantial growth in the information, automotive, mining, textile, and chemical industries.
In 2021, the urban population share globally is expected to rise to 56.5%. The share is mostly greater in the developed world (such as North America) 79.5% in 2021 than in the developing world (51.8%). Rising investments in industrial sector across North America are expected to boost the demand for powder fire suppression systems in industrial sector.
Furthermore, powder fire suppression systems are expected to be in high demand due to ongoing urbanization and increased government investments in tourism industry and commercial development activities.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America powder fire suppression systems market , including forecasts for subscribers. This continent databook contains high-level insights into North America powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America powder fire suppression systems market size, by country, 2018-2030 (US$Ms)
North America Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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