Fire Suppression System Market Size, Share & Trends Analysis Report By Product (Fire Extinguishers, Sprinklers), By Application (Commercial, Industrial, Residential), By Region And Segment Forecasts, 2024 - 2030

Fire Suppression System Market Trends

The global fire suppression system market size was valued at USD 21.11 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2030. Growing demand from the residential sector, along with rising industrial output & expansion of the industrial sector, is projected to fuel the market growth. Fire suppression systems play a vital role in protecting and alerting citizens and occupants in a facility from potential fire hazards. Moreover, a fire suppression system helps save from the potential damage fire can inflict on property and life.

The growing awareness regarding the benefits of fire suppression systems has led to a significant rise in the adoption of fire safety solutions in commercial and residential settings. In addition to that, the growing safety rules and the implementation of fire safety regulations across the world are expected to augment the market growth over the forecast period.

An increasing number of large-scale infrastructure investment projects, such as hotels and hospitals, in the U.S. is expected to propel the construction industry, thus driving the demand for fire suppression systems across commercial buildings in the country. The rising spending capacity of consumers coupled with the growing demand for single-family housing is expected to promote the utilization of fire suppression products in the construction industry. In addition, increasing emphasis by the government to improve the overall fire safety standard of the buildings in the country is expected to boost the growth of the market.

In the U.S., the penetration level of fire suppression equipment such as fire sprinklers across industrial verticals is projected to have strong growth in the upcoming years, as industrial sectors such as energy & power, manufacturing, and oil & gas involve a high risk of fire. This is because materials such as crude oil, coal, petroleum, and flammable gases are being used. Since these materials are susceptible to fire, high-grade fire suppression and detection systems are deployed across these sectors to control and prevent fire.

Moreover, the necessity for severe implementation of fire safety standards in the oil and gas sector has resulted in higher investments by offshore oil and gas operators, which is projected to have a beneficial influence on the market. Rising investments in novel extraction processes are expected to increase demand for fire suppression equipment in the oil and gas sector. Furthermore, mist-based extinguishing technologies and devices such as laser optical smoke detectors, hypoxic air fire suppression systems, and others are likely to gain traction in the global market. For instance, HI-FOG from Marioff Corporation is a specifically designed high-pressure water mist fire suppression solution for offshore platforms and production vessels. Additionally, capacity additions in the industry have further led to the implementation of enhanced fire suppression systems.

Market Concentration & Characteristics

Market growth stage is low, and pace of the market growth is accelerating. The market is characterized by a high degree of innovation owing to rapid technological advancements. Further, the market players have been undertaking strategic initiatives in order to cater to rising demand for fire suppression systems by acquisition & merger, joint venture, product innovation, and research & development activities. For instance, In January 2022, Rusoh launched ELIMINATOR fire extinguisher unit. The product is ergonomically designed, where the top of the extinguisher is significantly large and sturdy while tapering down. There is a separate enclosed large carry handle, and the opening is large enough to accommodate a gloved hand. It also has a large discharge nozzle at the end of the hose.

The fire suppression system industry is also characterized by a moderate level of merger and acquisition (M&A) activity by the leading players. This is due to several factors, including increasing the reach of their products in the market and enhancing the availability of their products & services in diverse geographical areas. Key market players adopting this inorganic growth strategy include Johnson Controls and Halma Plc.

Regulations play a crucial role in shaping the landscape of the market, influencing product development, safety standards, and market access. Market players are increasingly prioritizing sustainability by opting for carbon-efficient processes to manufacture the equipment used in fire suppression. By embracing sustainable operations, manufacturers are able to not only contribute to environmental conservation but also improve their brand positioning and market penetration rate.

Application Insights

Industrial segment accounted for largest market revenue share of 49.03% in 2023 for the global fire suppression system market. Industrial segment of the market consists of fire suppression systems used in manufacturing facilities, warehouses & storage buildings, data hosting centers, etc. These industrial premises are more prone to fire hazards than commercial and residential buildings, as they deal with hazardous and flammable materials very often. According to the Occupational Safety and Health Administration (OSHA) Standard, portable fire extinguishers must be placed within a travel distance of 75 feet in industrial units. The fire suppression system is prerequisite to make industrial floors safe working places. Hence, with the increased focus on workplace safety & implementation of stringent rules pertaining to workers’ safety in industrial sector, the demand for fire suppression system in industrial segment is likely to remain high over the forecast period.

The residential segment is likely to grow at a significant pace over the forecast period. The rising awareness related to fire safety protocols meant for residential applications among end users across the world is expected to fuel the demand for fire suppression systems that are installed in residential buildings. For instance, in November 2022, the Federation of European Fire Officers (FEU) and the European Fire Safety Alliance together launched an EU-wide awareness program. This program aims at increasing awareness among the masses about the benefits and the requirements for installing smoke alarms and fire suppression systems in households. Such programs are anticipated to drive the demand for fire suppression systems in residential applications over the forecast period.

Regional Insights

North America dominated the market and accounted for 36.7% market share in 2023, on account of rising demand for multifamily housing projects and growing consumer awareness regarding fire safety. Rising spending capability of consumers and growing emphasis by the government and regulatory bodies to improve the overall fire safety standard of the buildings in the region are expected to drive the demand for fire suppression systems and, in turn, trigger market growth over the forecast period.

The Asia Pacific market is likely to grow at a significant CAGR over the forecast period. Factors such as rising awareness about fire safety among end users and the increasing construction activity in developing economies, such as India & China has been driving the market. Furthermore, growing demand for intelligent home automation systems and smart buildings, which deliver optimum security and safety, is likely to boost the adoption of fire suppression systems across the region. Also, rising awareness concerning prevention from sudden fire accidents in commercial buildings such as schools, hospitals, and hotels is propelling the demand for the installation of fire suppression systems across the region.

Product Insights

Fire extinguishers segment led the market and accounted for 57.5% of the global market revenue in 2023. The growing safety rules and the implementation of fire safety regulations across the world are expected to augment the segment growth over the forecast period. For instance, in May 2022, the UK government introduced new duties under the Fire Safety Order for building owners or managers. The implementation of new or revised regulations is likely to drive the fire extinguishers segment.

The sprinklers segment is likely to grow at a significant pace over the forecast period. In addition, the construction of high-rise residential buildings is growing across the world, which strongly demands the most up-to-date safety precautions and protocols. Major cities in Asia and the Middle East have been constructing tall buildings. Currently, countless high-rise buildings are under construction, according to the Council on Tall Buildings and Urban Habitat - CTBUH. This increasing number of tall buildings is expected to drive the market.

Fire Extinguishers Type Insights

Dry chemical powder-type fire extinguishers accounted for the largest market revenue share of 37.16% in 2023 and are likely to grow at a higher rate over the forecast period. This type of extinguisher is ideal for extinguishing class A, B, and C fires, which involve the burning of solids, liquids, and gases. The growth of the dry chemical powder fire extinguisher is driven by the rising awareness among end users about the benefits of the product. Its ability to handle different kinds of fires and easy storage without the need for pressurized equipment has resulted in its rising popularity. It is the commonly used type of fire extinguisher in commercial premises and industrial locations.

Key Companies & Market Share Insights

Some of the key players operating in the market include Honeywell International Inc., Johnson Controls, and Halma Plc

• Honeywell International Inc., is a diversified technology provider and manufacturing company that offers automotive products, sensing and security technologies, electronic and advanced materials, and energy-efficient products and solutions. It also offers fire alarms and detectors under its subsidiary NOTIFIER by Honeywell. Additionally, the company also provides home automation systems, lighting controls, video surveillance, and access control services. Further, the company has a complex product portfolio & high brand equity. Due to these factors the company is considered as a mature player in the market.

• Johnson Controls was established in 1885 and has an employee strength of more than 101,000 employees. The company operates through four business segments, namely, Building Solutions North America, Building Solutions EMEA/LA, Building Solutions Asia Pacific, and Global Products. The products related to fire alarm & detection are offered through the building efficiency segment and have operations in over 53 countries. The building efficiency segment has numerous brands and is segregated into six categories: fire and security brands, cooling and heating equipment brands, building automation brands, refrigeration brands, air distribution brands, and parts brands. Due to these factors, the company is considered a mature player in the market.

• GENTEX Corporation, Raytheon Technologies Corporation, and Minimax USA LLC are some of the emerging market participants in the fire suppression system market.

• Raytheon Technologies Corporation is engaged in providing advanced systems and services for military, commercial, and government customers worldwide. The company operates its business through various segments, including Collins Aerospace Systems, Raytheon Intelligence & space, Pratt & Whitney, and Raytheon Missiles & Defense. The Collins Aerospace System segment offers advanced aerospace & defense products and aftermarket service solutions for airlines, aircraft manufacturers, regional, business & general aviation, and defense & commercial space operations.

• GENTEX Corporation sells its products to distributors, electrical goods wholesalers, and OEMs of fire protection systems primarily in North America and in different regions through regional sales managers and manufacturer representative organizations. To retain its market position, the company continues to invest a significant portion of its total annual revenue in engineering and R&D activities. The company has operations in Germany, Japan and China.

Recent Developments

• In January 2023, Halma Plc acquired Thermocable (Flexible Elements) Ltd. to integrate Thermocable’s special detection technologies in its safety sector fire detection company, Apollo Fire Detectors Limited. The acquisition enabled Halma Plc to expand Apollo’s range of devices in the commercial and industrial fire detection markets.

• In September 2022, Siemens AG introduced a suite of managed and digital fire safety services that connect fire safety systems to the cloud, enabling organizations to switch from a compliance-driven, reactive approach to total protection.

Fire Suppression System Market Report Scope

Global Fire Suppression System Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the fire suppression system market report based on product, application, and country.

• Product Outlook (Revenue, USD Billion; 2018 - 2030)

  • Fire Extinguishers

    • Gas

    • Water

    • Dry Chemical Powder

    • Others

  • Sprinklers

• Application Outlook (Revenue, USD Billion; 2018 - 2030)

  • Commercial

  • Industrial

  • Residential

• Region Outlook (Revenue, USD Billion; 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • U.K.

    • Germany

    • France

    • Spain

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa