Fire Suppression Systems Market
Fire Suppression Systems Market Analysis by Product (Fire Extinguisher, Fire Sprinkler), by Fire Extinguisher Type (Gas, Water, Dry Chemical Powder, Others), by Application (Commercial, Industrial, Residential) and by Region- 2022 to 2032
Analysis of Fire Suppression Systems market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Fire Suppression System Market Outlook for 2022 to 2032
The market for fire suppression systems was valued at nearly US$ 17 Billion as of 2021, and is expected to surge Y-o-Y at a rate of 5.8% in 2022, reaching US$ 18 Billion. By the end of the forecast period 2022 to 2032, the market is likely to have grown 1.6x in value terms to reach US$ 30 Billion.
Toughening fire safety regulations combined with technological advancements in firefighting capabilities are some factors expected to steer market growth. By product, fire extinguishers will account for 52% of total revenue, while dry chemical powder based fire suppression systems will account for 1/3rd of global market share.
| Report Attributes | Values |
|---|---|
| Market Value as of 2021 | US$ 17 Billion |
| Market Value for 2022 | US$ 18 Billion |
| Projected Market Value for 2032 | US$ 30 Bn |
| Global Growth Rate (2022 to 2032) | 5.2% CAGR |
| Market Share of North America in 2022 | 42% |
| Expected Growth Rate of Asia Pacific (2022 to 2032) | 7.3% CAGR |
| Key Companies Profiled | Robert Bosch GmbH; Gentex Corporation; Minimax Viking GmbH; Honeywell International; Raytheon Technologies (United Technologies Corporation); Halma Plc; Siemens AG; Johnson Controls International |
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Fire Suppression System Demand Analysis 2015 to 2021 vs. Market Outlook 2022 to 2032
According to Fact.MR- market research and competitive intelligence provider- fire suppression systems sales expanded at a CAGR of 4.8% from 2015 to 2021, reaching US$ 17 Bn by the end of the aforementioned historical period. As construction and industrial activity keep flourishing, demand for advanced fire safety measures is rising, promoting the use of fire suppression systems.
During the COVID-19 pandemic, the industry experienced varying degrees of fluctuations. In the initial months of the lockdown, demand contracted significantly, attributed to cessation of industrial and construction activity. Eventually, this was offset with the lifting of restrictions. On the residential and commercial front, however, demand continued to incline, as hospitals and houses enforced fire safety precautions to prevent casualties in case of accidents.
In the forecast period, demand for fire suppression systems are expected to be reliant on a resurgent and unceasing construction industry, particularly across emerging economies of the Asia Pacific. Furthermore, revision of legal fire safety standards by governments combined with deployment of smart fire safety technologies will further broaden growth scope of the market. From 2022 to 2032, the industry is slated to surge at a CAGR of 5.2%.
Which are Some Prominent Drivers Influencing Fire Suppression Systems Market Growth?
Promulgation of Stringent Fire Safety Regulations Widening Prospects
According to the National Fire Protection Association (NFPA), over 1.3 million fire incidences were reported in the United States. These incidences caused over 3000 deaths and property loss of worth US$ 10.6 billion.
Due to this, NFPA has enacted guidelines for commercial business infrastructures to deploy fire suppression system such as sprinklers and clean agent suppression systems. Additionally, NFPA has included two important requirements of regular maintenance and training of personnel of the clean agent fire suppression systems.
Various enterprises across the world have increased their expenditure on fire suppression for safeguarding infrastructure and reducing human losses. Enterprises rely on equipment such as sensors and detectors, fire sprinklers, fire extinguishers, and other devices to implement fire suppression systems within their premises. This increase in spending by a number of enterprises and SMEs worldwide to safeguard human lives and property is driving the demand for fire suppression systems.
Rising Deployment of Automated Fire Detection Systems Generating New Growth Opportunities
Almost every industry, including fire safety and suppression, is experiencing widespread penetration of automation, smart technology and IoT. Recent years have experienced increased reliance on human-machine interface (HMI) based firefighting systems. Electromechanical devices, including switches, keypads and pointing devices are integrated with HMIs to control equipment involved in suppressing fires.
This has translated into numerous product and technology launches in the past few years. For instance, Honeywell International’s HS-81 Fire and Gas (F&G) Controller manages detection, notification and extinguishing functions. This all-in-one solution is meant for both process areas and personnel stations.
It can perform flame, smoke and gas detection, and manage extinguishing/agent release. It features a unique ‘hot swap’ capability for the replacement and auto-configuration of CPUs and power supplies without the need to perform a critical system shutdown.
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Region-wise Analysis
How Lucrative are Fire Suppression Systems Revenue Prospects across North America?
Mandatory Government Directives promoting Fire Safety widening Prospects
North America promises to generate attractive market growth prospects for fire suppression systems, expected to accumulate around 42% revenue in 2022 and beyond. Presence of strict fire safety regulations to avoid accidents and tragedies is the chief growth driver.
In June 2021, the National Fire Protection Association (NFPA) released a new report on the status of fire hazards across the United States. As per its findings, while the incidence of fire hazards have reduced dramatically, unfortunately, fire safety standards have taken a backseat to other concerns that seem more pressing. Hence, it emphasized the need to reiterate these safety standards.
The report also concludes that the most successful recipe for fire safety in built-in environments is the implementation of fire safety technologies through mandated codes and standards. Approaching fire safety as a system, and not individual bits and pieces, provides an opportunity to unravel the complex and ongoing fire safety challenge for society. Additionally, major scope lies in combating wildfires, which have been responsible for catastrophic deaths and incalculable loss to property.
How Lucrative will the Asia-Pacific be in the Fire Suppression System Market?
Increase in Commercial and Residential Construction Projects to Widen Demand
Globally, the construction industry has accrued impressive gains across the Asia Pacific in recent years. In spite of a globally prevalent recession, the region has been able to successfully weather out this trend. Region-wise Asia Pacific accounts for 40% of global construction spending since the past decade. This is in response to rapid advancements in living standards, amid burgeoning affluence.
Given this promising scope, the need to establish robust infrastructure, complete with highly advanced safety measures, has propelled the need for installing high-grade fire suppression systems across the region. Since 2019, the Confederation of Fire Protection Association (CFPA) Asia has collaborated with the International Fire Safety Standards Coalition (IFSSC) to reinforce the best practices professionals should adhere to with respect to fire safety during construction.
Several countries have established robust regional frameworks to promote domestic fire safety, besides the aforementioned international coalition. For instance, in 2021, Vietnam promulgated the National Technical Regulation on Fire Safety for Building and Constructions, which applies to new construction remodeling, repair and functional changes. As per Fact.MR, the region is forecast to experience a CAGR worth 7.3% from 2022 to 2032.
Category-wise Insights
Why is the Demand for Fire Extinguishers Increasing across Key Industries?
Ease of Installation, Portability among Main Factors Spurring Market Demand
By product, Fact.MR expects fire extinguishers to dominate the market, accumulating 52% of total revenue in 2022 and beyond. Growth is spearheaded by the fact that fire extinguishers are easy to install and portable, making it a highly convenient option for end use industries.
Furthermore, toughening fire safety regulations have encouraged several fire extinguisher providers to enhance their presence across key regions. For instance, in 2019, Deccaleap Technologies, an Indian start-up based in Pune, introduced and automatic fire extinguisher named F-Protekkt which can be fitted under the bonnet of a car to thwart engine-fire incidents.
How are Dry Chemical Powder based Fire Suppression Systems becoming Popular?
Ability to Extinguish Different Fire Grades is Encouraging Adoption
Fact.MR anticipates the demand for dry chemical powder based fire extinguishers to capture a majority of the market share in 2022, attributed to its ability to put out fires of various categories. Several fires, including industrial fires, cannot be contained merely through sand or water.
Hence, industries are adopting extinguishers comprising of alternative fire retardant chemicals, thereby enhancing its scope. Moreover, dry chemical powder extinguishers are far more cost-effective. A revenue share worth 33% is projected for this segment.
Which Application Area is Likely to Experience Maximum Uptake of Fire Suppression Systems?
Demand is anticipated to surge for Industrial Applications
By application, industrial grade fire suppression systems are expected to accumulate nearly 50% of the global revenue share, as per Fact.MR. Given the scale of operations, it is unsurprising that several industries such as oil & gas and chemical manufacturing experience frequent fire hazard outbreaks.
Hence, industry leaders have constantly emphasized on the need to install robust fire safety measures, ranging from extinguishers to fire alert systems. Additionally, government backing for the installation of fire safety standards is further fueling prospects for the industrial sector.
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Competitive Landscape
Key fire suppression system manufacturers are leveraging approaches such as strategic collaborations, partnerships and new product launches. Toughening fire safety regulations across countries are providing opportunities for players to introduce fire suppression systems equipped with the latest technologies. Some notable developments are as follows:
- In August 2020, Robert Bosch GmbH introduced the Avenar panel 2000 and 8000 next-generation fire alarm panels. Driven by IoT, the system is fully backwards compatible with current fire alarm system components. Users can fully control the equipment via the eMatrix feature
- In January 2021, Gentex Corporation announced the acquisition of a new nanofiber sensing technology, capable of detecting a wide variety of chemicals, from explosives to VOCs, with applications across a multitude of end use industries. The initiative compliments its expertise in the commercial fire protection industry
Report Scope
| Attribute | Details |
|---|---|
| Historical Data Available For | 2015 to 2021 |
| Projected Forecast Period | 2022 to 2032 |
| Market Analysis | US$ Mn for Value, Units for Volume |
| Key Regions Covered | North America; South America; Europe; Asia Pacific; Middle East & Africa |
| Key Segments Covered | Product, Fire Extinguisher Type, Application, Region |
| Key Countries Profiled | U.S, Canada, Brazil, Mexico, Germany, France, U.K, Italy, BENELUX, Nordics, China, Japan, South Korea, GCC, South Africa, Turkey |
Key Segments Covered in the Fire Suppression System Market Report
-
By Product
- Fire Extinguisher
- Fire Sprinkler
-
By Fire Extinguisher Type
- Gas Fire Suppression Systems
- Water Fire Suppression Systems
- Dry Chemical Powder Fire Suppression Systems
- Other Fire Extinguisher Types
-
By Application
- Commercial Applications
- Industrial Applications
- Residential Applications
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand Analysis (2015 to 2021) and Forecast (2022 to 2032)
- 7. Global Market Value Analysis (2015 to 2021) and Forecast (2022 to 2032)
- 8. Global Market Analysis (2015 to 2021) and Forecast (2022 to 2032), By Product
- 8.1. Fire Extinguisher
- 8.1.1. Gas
- 8.1.2. Water
- 8.1.3. Dry Chemical Powder
- 8.1.4. Others
- 8.2. Fire Sprinkler
- 8.1. Fire Extinguisher
- 9. Global Market Analysis (2015 to 2021) and Forecast (2022 to 2032), By Application
- 9.1. Commercial
- 9.2. Industrial
- 9.3. Residential
- 10. Global Market Analysis (2015 to 2021) and Forecast (2022 to 2032), By Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Europe
- 10.4. Asia Pacific
- 10.5. Middle East and Africa (MEA)
- 11. North America Market Analysis (2015 to 2021) and Forecast (2022 to 2032)
- 12. Latin America Market Analysis (2015 to 2021) and Forecast (2022 to 2032)
- 13. Europe Market Analysis (2015 to 2021) and Forecast (2022 to 2032)
- 14. Asia Pacific Market Analysis (2015 to 2021) and Forecast (2022 to 2032)
- 15. Middle East and Africa Market Analysis (2015 to 2021) and Forecast (2022 to 2032)
- 16. Key Countries Market Analysis (2015 to 2021) and Forecast (2022 to 2032)
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. Gentex Corporation
- 18.2. Hochiki Corporation
- 18.3. Honeywell International Inc.
- 18.4. Johnson Controls
- 18.5. Robert Bosch GmbH
- 18.6. Siemens AG
- 18.7. United Technologies Corporation
- 18.8. Halma Plc
- 18.9. Fike Corporation
- 18.10. Minimax Viking GmbH
- 19. Assumptions and Acronyms Used
- 20. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn), By Product, 2015 to 2021
Table 2: Global Market Value (US$ Mn), By Product, 2022 to 2032
Table 3: Global Market Value (US$ Mn), By Application, 2015 to 2021
Table 4: Global Market Value (US$ Mn), By Application, 2022 to 2032
Table 5: Global Market, By Region, 2015 to 2021
Table 6: Global Market, By Region, 2022 to 2032
Table 7: North America Market Value (US$ Mn), By Product, 2015 to 2021
Table 8: North America Market Value (US$ Mn), By Product, 2022 to 2032
Table 9: North America Market Value (US$ Mn), By Application, 2015 to 2021
Table 10: North America Market Value (US$ Mn), By Application, 2022 to 2032
Table 11: North America Market, By Country, 2015 to 2021
Table 12: North America Market, By Country, 2022 to 2032
Table 13: Latin America Market Value (US$ Mn), By Product, 2015 to 2021
Table 14: Latin America Market Value (US$ Mn), By Product, 2022 to 2032
Table 15: Latin America Market Value (US$ Mn), By Application, 2015 to 2021
Table 16: Latin America Market Value (US$ Mn), By Application, 2022 to 2032
Table 17: Latin America Market, By Country, 2015 to 2021
Table 18: Latin America Market, By Country, 2022 to 2032
Table 19: Europe Market Value (US$ Mn), By Product, 2015 to 2021
Table 20: Europe Market Value (US$ Mn), By Product, 2022 to 2032
Table 21: Europe Market Value (US$ Mn), By Application, 2015 to 2021
Table 22: Europe Market Value (US$ Mn), By Application, 2022 to 2032
Table 23: Europe Market, By Country, 2015 to 2021
Table 24: Europe Market, By Country, 2022 to 2032
Table 25: Asia Pacific Market Value (US$ Mn), By Product, 2015 to 2021
Table 26: Asia Pacific Market Value (US$ Mn), By Product, 2022 to 2032
Table 27: Asia Pacific Market Value (US$ Mn), By Application, 2015 to 2021
Table 28: Asia Pacific Market Value (US$ Mn), By Application, 2022 to 2032
Table 29: Asia Pacific Market, By Country, 2015 to 2021
Table 30: Asia Pacific Market, By Country, 2022 to 2032
Table 31: MEA Market Value (US$ Mn), By Product, 2015 to 2021
Table 32: MEA Market Value (US$ Mn), By Product, 2022 to 2032
Table 33: MEA Market Value (US$ Mn), By Application, 2015 to 2021
Table 34: MEA Market Value (US$ Mn), By Application, 2022 to 2032
Table 35: MEA Market, By Country, 2015 to 2021
Table 36: MEA Market, By Country, 2022 to 2032
Table 37: Global Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 38: Global Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 39: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 40: North America Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 41: North America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 42: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 43: Latin America Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 44: Latin America Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 45: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 46: Europe Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 47: Europe Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 48: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 49: Asia Pacific Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 50: Asia Pacific Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 52: MEA Market Incremental $ Opportunity, By Product, 2015 to 2021
Table 53: MEA Market Incremental $ Opportunity, By Application, 2022 to 2032
Table 54: MEA Market Incremental $ Opportunity, By Country, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn
Figure 3: Global Market Share, By Product, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Product – 2022 to 2032
Figure 6: Global Market Share, By Application, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Application – 2022 to 2032
Figure 9: Global Market Share, By Region, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Region – 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Region – 2022 to 2032
Figure 12: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 13: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 14: North America Market Share, By Product, 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 16: North America Market Attractiveness Index, By Product – 2022 to 2032
Figure 17: North America Market Share, By Application, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Application – 2022 to 2032
Figure 20: North America Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Country – 2022 to 2032
Figure 23: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 24: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 25: Latin America Market Share, By Product, 2022 & 2032
Figure 26: Latin America Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 27: Latin America Market Attractiveness Index, By Product – 2022 to 2032
Figure 28: Latin America Market Share, By Application, 2022 & 2032
Figure 29: Latin America Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 30: Latin America Market Attractiveness Index, By Application – 2022 to 2032
Figure 31: Latin America Market Share, By Country, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Country – 2022 to 2032
Figure 34: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 35: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 36: Europe Market Share, By Product, 2022 & 2032
Figure 37: Europe Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 38: Europe Market Attractiveness Index, By Product – 2022 to 2032
Figure 39: Europe Market Share, By Application, 2022 & 2032
Figure 40: Europe Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 41: Europe Market Attractiveness Index, By Application – 2022 to 2032
Figure 42: Europe Market Share, By Country, 2022 & 2032
Figure 43: Europe Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 44: Europe Market Attractiveness Index, By Country – 2022 to 2032
Figure 45: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 46: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 47: MEA Market Share, By Product, 2022 & 2032
Figure 48: MEA Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 49: MEA Market Attractiveness Index, By Product – 2022 to 2032
Figure 50: MEA Market Share, By Application, 2022 & 2032
Figure 51: MEA Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 52: MEA Market Attractiveness Index, By Application – 2022 to 2032
Figure 53: MEA Market Share, By Country, 2022 & 2032
Figure 54: MEA Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 55: MEA Market Attractiveness Index, By Country – 2022 to 2032
Figure 56: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 58: Asia Pacific Market Share, By Product, 2022 & 2032
Figure 59: Asia Pacific Market Y-o-Y Growth Projections, By Product – 2022 to 2032
Figure 60: Asia Pacific Market Attractiveness Index, By Product – 2022 to 2032
Figure 61: Asia Pacific Market Share, By Application, 2022 & 2032
Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2022 to 2032
Figure 63: Asia Pacific Market Attractiveness Index, By Application – 2022 to 2032
Figure 64: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2022 to 2032
Figure 66: Asia Pacific Market Attractiveness Index, By Country – 2022 to 2032
Figure 67: US Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 68: US Market Share, By Product, 2021
Figure 69: US Market Share, By Application, 2021
Figure 70: Canada Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 71: Canada Market Share, By Product, 2021
Figure 72: Canada Market Share, By Application, 2021
Figure 73: Brazil Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 74: Brazil Market Share, By Product, 2021
Figure 75: Brazil Market Share, By Application, 2021
Figure 76: Mexico Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 77: Mexico Market Share, By Product, 2021
Figure 78: Mexico Market Share, By Application, 2021
Figure 79: Germany Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 80: Germany Market Share, By Product, 2021
Figure 81: Germany Market Share, By Application, 2021
Figure 82: U.K. Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 83: U.K. Market Share, By Product, 2021
Figure 84: U.K. Market Share, By Application, 2021
Figure 85: France Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 86: France Market Share, By Product, 2021
Figure 87: France Market Share, By Application, 2021
Figure 88: Italy Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 89: Italy Market Share, By Product, 2021
Figure 90: Italy Market Share, By Application, 2021
Figure 91: BENELUX Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 92: BENELUX Market Share, By Product, 2021
Figure 93: BENELUX Market Share, By Application, 2021
Figure 94: Nordic Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 95: Nordic Countries Market Share, By Product, 2021
Figure 96: Nordic Countries Market Share, By Application, 2021
Figure 97: China Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 98: China Market Share, By Product, 2021
Figure 99: China Market Share, By Application, 2021
Figure 100: Japan Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 101: Japan Market Share, By Product, 2021
Figure 102: Japan Market Share, By Application, 2021
Figure 103: South Korea Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 104: South Korea Market Share, By Product, 2021
Figure 105: South Korea Market Share, By Application, 2021
Figure 106: GCC Countries Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 107: GCC Countries Market Share, By Product, 2021
Figure 108: GCC Countries Market Share, By Application, 2021
Figure 109: South Africa Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 110: South Africa Market Share, By Product, 2021
Figure 111: South Africa Market Share, By Application, 2021
Figure 112: Turkey Market Value (US$ Mn) and Forecast, 2022 to 2032
Figure 113: Turkey Market Share, By Product, 2021
Figure 114: Turkey Market Share, By Application, 2021
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Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the market value for fire suppression systems in 2021?
As of 2021, the market for fire suppression systems was valued at US$ 17 Bn, as per Fact.MR
At what value will the fire suppression systems market close in 2022?
By 2022-end, sales of fire suppression systems are expected to be valued at US$ 18 Bn
What was the last 6 years value CAGR for fire suppression systems?
From 2015 to 2021, fire suppression systems demand expanded at a CAGR of 4.8%
What is the projected forecast CAGR for the fire suppression system industry from 2022 to 2032?
From 2022 to 2032, fire suppression systems sales are expected to flourish at a CAGR of 5.2%
According to Fact.MR, what is the anticipated market value for fire suppression systems in 2032?
By 2032, the market value of fire suppression systems is expected to reach US$ 30 Bn
What is the demand outlook for fire suppression systems across North America?
Fact.MR expects fire suppression systems in North America to account for 42% of global revenue
At what percentage will fire suppression systems demand accelerate across the Asia Pacific?
From 2022 to 2032, fire suppression system demand in the Asia Pacific is expected to surge at a CAGR of 7.3%
By product, which is likely to be the most sought after fire suppression system?
Fire extinguishers are expected to be the most used fire suppression systems, accounting for 52% revenue
Which fire extinguisher type is expected to dominate the fire suppression system market?
Dry chemical powder based fire extinguisher is expected to be dominant, capturing 33% revenue
By application, which category ranks first with regard to fire suppression systems deployment?
Industrial applications constitute the bulk of fire suppression systems deployment, accounting for 50% revenue
Fire Suppression Systems Market