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

U.S. Fire Suppression System Market Trends

The U.S. fire suppression system market size was valued at USD 6.49 billion in 2023 and is projected to grow at a CAGR of 2.9% from 2024 to 2030. The market is driven by the growing urban population in the U.S. and the need to safeguard life and the environment from fire emergencies. In addition, the growing importance of compliance with fire safety in the commercial and residential sectors and industrial spaces is further expected to propel the market growth in the country.

The growing safety rules and the implementation of fire safety regulations across the world are expected to augment the global fire suppression system market growth over the forecast period, further fuelling the growth of the market in the U.S. The implementation of new or revised regulations is likely to augment the demand for fire safety protocols and the installation of fire protection systems. For instance, in the U.S., portable fire extinguishers are governed by OSHA (Occupational Safety and Health Administration) and are located in the 29 Code of Federal Regulations (CFR) 1910.157. The standard aims to minimize employee exposure to hazardous situations involving fire and to provide fire protection equipment. In addition, the National Fire Protection Association (NFPA) offers supplementary guidance through the Standard for Portable Fire Extinguishers, NFPA 10. Furthermore, any portable fire extinguisher must be approved by a recognized testing laboratory. In the U.S., fire extinguishers are generally tested and approved by FM Global and Underwriters' Laboratories, Inc. (UL).

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    & 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. Furthermore, 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.

Market Characteristics & Concentration

The growth of the market is low, and the pace of the market is accelerating. The focus on fire safety is significantly increasing thus the demand for effective fire suppression systems is also witnessing growth. Competition in the market is high due to the presence of well-established players with a proven track record in offering fire suppression systems.

Innovation in the market is moderate. Key players are investing in integrating Artificial Intelligence and cloud-based technologies with fire detection and suppression system technologies.

The impact of regulation on the market is high since rising government initiatives to strengthen the laws and regulations for commercial businesses and industrial facilities are anticipated to increase the fire safety protocols and implementation, driving the demand for fire suppression systems.

The market has no significant substitutes for fire suppression systems as this technology is novel and highly specific with respect to the nature of the equipment. Ongoing technological advancements in fire suppression systems, such as the incorporation of big data and the Internet of Things (IoT), are expected to increase the threat of internal substitution in this market in the coming years.

Product Insights

The fire extinguisher segment dominated the market with a revenue share of 71% 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. The implementation of new or revised regulations is likely to increase the installation of fixed or portable fire extinguishing systems.

The sprinklers segment is expected to witness the fastest CAGR during the forecast period. These systems have been recognized as effective systems for protecting lives as well as property and are increasingly being installed in commercial, industrial, and residential buildings. The installation of fire sprinkler systems is increasing rapidly in the world owing to the stringent safety protocols for high-rise buildings. In addition, the construction of high-rise residential buildings is growing across the country, which strongly demands the most up-to-date safety precautions and protocols fueling the demand for sprinkler systems as a safety measure.

Type Insights

The dry chemical powder segment dominated the market with the largest revenue share in 2023. It is also the fastest growing segment. 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. In this fire extinguisher type, a dry chemical powder forms a cloud of dust (inert solids), which smothers the fire by separating the fuel from the oxygen and preventing it from spreading further.

Dry chemical powder fire extinguisher is the commonly used type of fire extinguisher in commercial premises and industrial locations. Moreover, the growth in lithium-ion battery production is expected to boost the demand for dry chemical powder extinguishers.

Application Insights

The industrial segment dominated the market in 2023. The dominance can be attributed to high risk of fire accidents in the industrial sector. 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 expansion of industrial facilities and the continuous updates in fire safety regulations across the world are expected to contribute significantly to the global demand for fire suppression systems.

The residential segment is anticipated to witness the fastest CAGR during 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. The residential segment of the market includes fire suppression systems used in residential buildings, apartments, and houses.

Key U.S. Fire Suppression System Company Insights

The market is highly competitive in nature. With several new players joining the competitive fire suppression system market and existing companies always exploring new opportunities to develop enhanced and novel machines by integrating Industry 4.0 and artificial intelligence. Thus, the market is characterized by high competition.

Recent Development

• In December 2023, Minimax USA LLC launched PVProtect, the first VdS-Approved Fire Suppression System for roof surfaces with photovoltaic systems. The company aims to tackle the risks involved in photovoltaic roof surface systems.

• In September 2022, Siemens AG launched Fire Safety Digital Services, a digital service portfolio for fire safety. The system connects fire safety system to cloud, enabling businesses to move from a reactive, compliance led approach to a total safety through intelligent protection.

U.S. Fire Suppression System Market Report Scope

U.S. Fire Suppression System Market Report Segmentation

This report forecasts revenue growth at 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, and application.

• 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