U.S. Powder Fire Suppression Systems Market Size & Outlook
U.S. powder fire suppression systems market, 2018-2030 (US$Ms)
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U.S. powder fire suppression systems market highlights
- The U.S. powder fire suppression systems market generated a revenue of USD 1,663.6 millions in 2023 and is expected to reach USD 2,202.3 millions by 2030.
- The U.S. market is expected to grow at a CAGR of 4.1% 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 1,663.6 millions |
| Market revenue in 2030 | USD 2,202.3 millions |
| Growth rate | 4.1% (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, U.S. accounted for 37.0% 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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U.S. 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 44.61% in 2023. Horizon Databook has segmented the U.S. powder fire suppression systems market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Powder fire suppression systems are expected to witness considerable expansion in the U.S. in the coming years as industrial sectors such as energy & electricity, manufacturing, and oil & gas involve a high risk of fire. This is due to the utilization of resources such as coal, crude oil, petroleum, and flammable gases.
As these materials are flammable, high-quality powder fire suppression systems are used in these industries to control and prevent fires. For instance, in October 2022, Pye-Barker Fire & Safety LLC, a Virginia-based company, acquired New Jersey-based Survivor Fire & Safety Equipment Co., Inc. to expand its reach in the Northeast region of the U.S.
Furthermore, the U.S. government's increased emphasis on improving the overall fire safety standard of the country's buildings is likely to drive market expansion. The National Fire Protection Association, or NFPA, establishes codes that govern fire suppression systems. This organization creates codes, regulations, and recommendations for fire suppression system installation and maintenance.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. powder fire suppression systems market , including forecasts for subscribers. This country databook contains high-level insights into U.S. powder fire suppression systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. powder fire suppression systems market size, by application, 2018-2030 (US$Ms)
U.S. Powder Fire Suppression Systems Market Outlook Share, 2023 & 2030 (US$Ms)
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