South Africa Powder Fire Suppression Systems Market Size & Outlook
South Africa powder fire suppression systems market, 2018-2030 (US$Ms)
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South Africa powder fire suppression systems market highlights
- The South Africa powder fire suppression systems market generated a revenue of USD 47.8 millions in 2023 and is expected to reach USD 63.1 millions by 2030.
- The South Africa market is expected to grow at a CAGR of 4% 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 47.8 millions |
| Market revenue in 2030 | USD 63.1 millions |
| Growth rate | 4% (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, South Africa accounted for 1.1% 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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South 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 45.19% in 2023. Horizon Databook has segmented the South Africa powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa is a lucrative market for mining equipment manufacturers where mining dominates social, economic, and political environment. The country is mostly known for producing gold, platinum, diamonds, and coal, as well as hosting chromium, titanium, vanadium, and other minor minerals.
Furthermore, increasing industrialization and growing urban population in South Africa are driving the demand for natural resources such as oil and minerals which is driving the demand for the mining equipment market, which will further drive the demand for powder fire suppression systems in mining industry.
According to industry estimates, mining fires continue to plague the industry, accounting for 27% of all losses. The risk of fire is always present when equipment continues to run at high temperatures and harsh circumstances. Increasing fire incidents along with stringent government mandate to ensure life safety will drive the demand for powder fire suppression systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa powder fire suppression systems market , including forecasts for subscribers. This country databook contains high-level insights into South Africa powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa powder fire suppression systems market size, by application, 2018-2030 (US$Ms)
South Africa Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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