Spain Powder Fire Suppression Systems Market Size & Outlook
Spain powder fire suppression systems market, 2018-2030 (US$Ms)
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Spain powder fire suppression systems market highlights
- The Spain powder fire suppression systems market generated a revenue of USD 94.6 millions in 2023 and is expected to reach USD 122.2 millions by 2030.
- The Spain market is expected to grow at a CAGR of 3.7% 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 94.6 millions |
| Market revenue in 2030 | USD 122.2 millions |
| Growth rate | 3.7% (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, Spain accounted for 2.1% 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 Europe, Germany powder fire suppression systems market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 380.6 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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Spain 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 45.14% in 2023. Horizon Databook has segmented the Spain powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
The key contributors to the economy of Spain are the aerospace & defense, chemicals, and tourism industries. The textiles, food & beverages, metals, chemicals, and shipbuilding industries also account for significant shares of the economy of Spain and contributes significantly to the GDP of the country. Various other industries in the country have also witnessed consistent growth over the past few years.
The construction industry of Spain has been rebounding owing to the economic recovery of the country from the impact of the recession and increased foreign investments. This is anticipated to surge construction activities in Spain, thereby fueling the demand for powder fire suppression systems to be installed in these newly constructed buildings and infrastructures over the forecast period.
According to ICEX, Spain is the second-largest producer of cars in Europe, after Germany. It is the eighth-largest car producer in the world, with approximately 2.2 million vehicles manufactured in the country in 2020.
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Horizon Databook provides a detailed overview of country-level data and insights on the Spain powder fire suppression systems market , including forecasts for subscribers. This country databook contains high-level insights into Spain powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain powder fire suppression systems market size, by application, 2018-2030 (US$Ms)
Spain Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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