REPORT SCOPE & OVERVIEW
The Fire Suppression Market size was estimated at USD 20.25 billion in 2022 and is expected to reach USD 29.6 billion by 2030 at a CAGR of 4.9% during the forecast period of 2023-2030.
The increasing number of fire outbreaks causing harm to human life and property has become one of the primary drivers of the global fire suppression market. With industrialization on the rise, there have been several fire-related accidents, leading to numerous fatalities and significant financial losses. As a result, many businesses worldwide are investing more in fire suppression systems to safeguard their infrastructure and minimize the loss of lives. These systems include fire detectors, sensors, sprinklers, extinguishers, and other devices. The need for these systems has significantly grown due to increased spending by businesses and entrepreneurs across the globe to ensure the protection of people and assets.
MARKET DYNAMICS
DRIVER
Fire suppression systems in commercial buildings, industrial facilities, and transportation sectors.
The need for modern fire suppression systems has increased due to heightened public awareness of fire safety and associated risks.
The demand for fire suppression systems has increased due to urbanization, industry, and construction.
RESTRAIN
Installing and maintaining fire suppression systems can be costly, particularly for complex systems at large industrial sites.
A lack of fire suppression systems in older buildings can limit market expansion and be costly to retrofit.
Commercial Environment There may be pricing pressure in the competitive fire suppression industry because there are numerous companies selling comparable goods.
OPPORTUNITY
In developing nations, there is an increasing need for fire protection infrastructure as economies grow and cities expand, creating growth potential.
Including a smart system Smart building management systems can be integrated with fire suppression systems to increase monitoring, control, and reactivity.
CHALLENGES
Technical Difficulties It is difficult to create fire suppression systems that can put out a variety of fires while causing the least amount of collateral damage.
Regulatory Compliance It can be challenging for producers and end users alike to adjust to shifting safety requirements and standards in various regions.
IMPACT OF RUSSIA UKRAINE WAR
Priorities may change during times of conflict with regard to safety and security. Businesses and governments can divert funds to more urgent security issues, which might reduce spending on fire safety measures. Global Market Sentiment Geopolitical disputes can influence the sentiment of the world's markets. Geopolitical tensions may cause investors to become more risk-averse, which may have an effect on the general economic climate and may have an influence on the fire suppression market. Impact on the insurance sector The insurance sector frequently evaluates risk in response to geopolitical events and may change rates and coverage. Because insurers can demand stricter safety precautions, this could indirectly affect the demand for fire suppression equipment.
IMPACT OF ONGOING RECESSION
During a recession, the adoption of new fire safety regulations may be delayed or adjusted. Additionally, sales cycles for costly fire suppression systems may lengthen as consumers become more cautious in their purchasing decisions due to economic uncertainty. However, this can also lead to an increase in demand for more economical fire suppression solutions that offer effective protection at a lower cost. Moreover, government stimulus plans designed to revive the economy during a recession may allocate funds for infrastructure and building initiatives, which can indirectly benefit the fire suppression industry.
KEY SEGMENTS
By Product
Fire Extinguisher
Fire Sprinkler
By Type
Gas
Water
Dry Chemical Powder
Others
By Application
Commercial
Industrial
Residential
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
In 2022, North America dominated the sector and generated 36.9% of worldwide sales. Over the forecast period, it is anticipated that rising offshore production operations and exploration will drive the regional market. In addition, recent oil and gas projects in the area are anticipated to have a beneficial impact on the market in the years to come. The government's support programs, like the European Green Deal and the Horizon 2020 program, wage increases, and ongoing job creation all point to a steady expansion of the European economy. According to estimates, public spending, particularly on digital and transportation infrastructure, will positively affect the region's overall economic growth. Economic development is also projected to be fueled by private investments, particularly in the building industry.
It's expected that the fastest compound annual growth rate (CAGR) will occur in the Asia-Pacific region, specifically between the years 2023 and 2030. This growth is mainly due to the increase in construction activity in developing nations such as China and India. Additionally, people are becoming more aware of the need for fire safety, which is contributing to the expansion. The demand for intelligent home automation systems and smart buildings is also expected to increase as they provide a higher level of security and safety. Furthermore, governments in the Middle East are emphasizing reducing their dependency on the energy sector and increasing domestic production output in the petrochemical, chemical, and other industrial sectors, which is expected to lead to an increase in product usage.
Key Players
The major key players are, Fike Corp, Minimax USA LLC, Gentex Corp, Halma Plc, HOCHIKI America Corp, Honeywell International Inc, Johnson Controls, Robert Bosch GmbH, Siemens AG, ORR, Raytheon Technologies Corp, and others.
RECENT DEVELOPMENT
Johnson Controls: In October 2022, To expand its line of fire suppression products, Johnson Controls acquired Rescue Air Systems, granting access to a developing vertical market for the design, distribution, and installation of firefighter air replenishment systems.
ORR: In February 2022, ORR Protection Systems acquired Liberty Building Technologies (LBT), a fire detection and suppression business that has been providing high-value solutions to customers across Texas for nearly 18 years. With this acquisition, ORR Protection has expanded its geographic reach to include Texas and is poised for further growth and ongoing improvement.
| Report Attributes | Details |
| Market Size in 2022 | US$ 20.25 Bn |
| Market Size by 2030 | US$ 29.6 Bn |
| CAGR | CAGR of 4.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Fire Extinguisher, Fire Sprinkler) • By Type (Gas, Water, Dry Chemical Powder, Others) • By Application (Commercial, Industrial, Residential) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Fike Corp, Minimax USA LLC, Gentex Corp, Halma Plc, HOCHIKI America Corp, Honeywell International Inc, Johnson Controls, Robert Bosch GmbH, Siemens AG, ORR, Raytheon Technologies Corp |
| Key Drivers | • Fire suppression systems in commercial buildings, industrial facilities, and transportation sectors. • The need for modern fire suppression systems has increased due to heightened public awareness of fire safety and associated risks. • The demand for fire suppression systems has increased due to urbanization, industry, and construction. |
| Market Opportunity | • In developing nations, there is an increasing need for fire protection infrastructure as economies grow and cities expand, creating growth potential. • Including a smart system Smart building management systems can be integrated with fire suppression systems to increase monitoring, control, and reactivity. |
The Fire Suppression Market is expected to grow at a CAGR of 4.9% from 2023 to 2030.
According to our analysis, the Fire Suppression Market is anticipated to reach USD 29.6 billion By 2030.
The increasing significance of fire safety compliance in high-rise structures, industrial settings, and commercial sectors is one of the primary reasons propelling the fire suppression system market.
The leading participants the Fike Corp, Minimax USA LLC, Gentex Corp, Halma Plc, HOCHIKI America Corp, and Honeywell International Inc.
Yes, you may request customization based on your company's needs.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Fire Suppression Market, By Product
8.1 Fire Extinguisher
8.2 Fire Sprinkler
9. Fire Suppression Market, By Type
9.1 Gas
9.2 Water
9.3 Dry Chemical Powder
9.4 Others
10. Fire Suppression Market, By Application
10.1 Commercial
10.2 Industrial
10.3 Residential
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Fire Suppression Market by Country
11.2.2North America Fire Suppression Market by Product
11.2.3 North America Fire Suppression Market by Type
11.2.4 North America Fire Suppression Market by Application
11.2.5 USA
11.2.5.1 USA Fire Suppression Market by Product
11.2.5.2 USA Fire Suppression Market by Type
11.2.5.3 USA Fire Suppression Market by Application
11.2.6 Canada
11.2.6.1 Canada Fire Suppression Market by Product
11.2.6.2 Canada Fire Suppression Market by Type
11.2.6.3 Canada Fire Suppression Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Fire Suppression Market by Product
11.2.7.2 Mexico Fire Suppression Market by Type
11.2.7.3 Mexico Fire Suppression Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Fire Suppression Market by Country
11.3.1.2 Eastern Europe Fire Suppression Market by Product
11.3.1.3 Eastern Europe Fire Suppression Market by Type
11.3.1.4 Eastern Europe Fire Suppression Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Fire Suppression Market by Product
11.3.1.5.2 Poland Fire Suppression Market by Type
11.3.1.5.3 Poland Fire Suppression Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Fire Suppression Market by Product
11.3.1.6.2 Romania Fire Suppression Market by Type
11.3.1.6.4 Romania Fire Suppression Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Fire Suppression Market by Product
11.3.1.7.2 Turkey Fire Suppression Market by Type
11.3.1.7.3 Turkey Fire Suppression Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Fire Suppression Market by Product
11.3.1.8.2 Rest of Eastern Europe Fire Suppression Market by Type
11.3.1.8.3 Rest of Eastern Europe Fire Suppression Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Fire Suppression Market by Product
11.3.2.2 Western Europe Fire Suppression Market by Type
11.3.2.3 Western Europe Fire Suppression Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Fire Suppression Market by Product
11.3.2.4.2 Germany Fire Suppression Market by Type
11.3.2.4.3 Germany Fire Suppression Market by Application
11.3.2.5 France
11.3.2.5.1 France Fire Suppression Market by Product
11.3.2.5.2 France Fire Suppression Market by Type
11.3.2.5.3 France Fire Suppression Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Fire Suppression Market by Product
11.3.2.6.2 UK Fire Suppression Market by Type
11.3.2.6.3 UK Fire Suppression Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Fire Suppression Market by Product
11.3.2.7.2 Italy Fire Suppression Market by Type
11.3.2.7.3 Italy Fire Suppression Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Fire Suppression Market by Product
11.3.2.8.2 Spain Fire Suppression Market by Type
11.3.2.8.3 Spain Fire Suppression Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Fire Suppression Market by Product
11.3.2.9.2 Netherlands Fire Suppression Market by Type
11.3.2.9.3 Netherlands Fire Suppression Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Fire Suppression Market by Product
11.3.2.10.2 Switzerland Fire Suppression Market by Type
11.3.2.10.3 Switzerland Fire Suppression Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Fire Suppression Market by Product
11.3.2.11.3 Austria Fire Suppression Market by Type
11.3.2.11.4 Austria Fire Suppression Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Fire Suppression Market by Product
11.3.2.12.2 Rest of Western Europe Fire Suppression Market by Type
11.3.2.12.3 Rest of Western Europe Fire Suppression Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Fire Suppression Market by Country
11.4.2 Asia-Pacific Fire Suppression Market by Product
11.4.3 Asia-Pacific Fire Suppression Market by Type
11.4.4 Asia-Pacific Fire Suppression Market by Application
11.4.5 China
11.4.5.1 China Fire Suppression Market by Product
11.4.5.2 China Fire Suppression Market by Type
11.4.5.3 China Fire Suppression Market by Application
11.4.6 India
11.4.6.1 India Fire Suppression Market by Product
11.4.6.2 India Fire Suppression Market by Type
11.4.6.3 India Fire Suppression Market by Application
11.4.7 Japan
11.4.7.1 Japan Fire Suppression Market by Product
11.4.7.2 Japan Fire Suppression Market by Type
11.4.7.3 Japan Fire Suppression Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Fire Suppression Market by Product
11.4.8.2 South Korea Fire Suppression Market by Type
11.4.8.3 South Korea Fire Suppression Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Fire Suppression Market by Product
11.4.9.2 Vietnam Fire Suppression Market by Type
11.4.9.3 Vietnam Fire Suppression Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Fire Suppression Market by Product
11.4.10.2 Singapore Fire Suppression Market by Type
11.4.10.3 Singapore Fire Suppression Market by Application
11.4.11 Australia
11.4.11.1 Australia Fire Suppression Market by Product
11.4.11.2 Australia Fire Suppression Market by Type
11.4.11.3 Australia Fire Suppression Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Fire Suppression Market by Product
11.4.12.2 Rest of Asia-Pacific Fire Suppression Market by Type
11.4.12.3 Rest of Asia-Pacific Fire Suppression Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Fire Suppression Market by Country
11.5.1.2 Middle East Fire Suppression Market by Product
11.5.1.3 Middle East Fire Suppression Market by Type
11.5.1.4 Middle East Fire Suppression Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Fire Suppression Market by Product
11.5.1.5.2 UAE Fire Suppression Market by Type
11.5.1.5.3 UAE Fire Suppression Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Fire Suppression Market by Product
11.5.1.6.2 Egypt Fire Suppression Market by Type
11.5.1.6.3 Egypt Fire Suppression Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Fire Suppression Market by Product
11.5.1.7.2 Saudi Arabia Fire Suppression Market by Type
11.5.1.7.3 Saudi Arabia Fire Suppression Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Fire Suppression Market by Product
11.5.1.8.2 Qatar Fire Suppression Market by Type
11.5.1.8.3 Qatar Fire Suppression Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Fire Suppression Market by Product
11.5.1.9.2 Rest of Middle East Fire Suppression Market by Type
11.5.1.9.3 Rest of Middle East Fire Suppression Market by Application
11.5.2 Africa
11.5.2.1 Africa Fire Suppression Market by Country
11.5.2.2 Africa Fire Suppression Market by Product
11.5.2.3 Africa Fire Suppression Market by Type
11.5.2.4 Africa Fire Suppression Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Fire Suppression Market by Product
11.5.2.5.2 Nigeria Fire Suppression Market by Type
11.5.2.5.3 Nigeria Fire Suppression Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Fire Suppression Market by Product
11.5.2.6.2 South Africa Fire Suppression Market by Type
11.5.2.6.3 South Africa Fire Suppression Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Fire Suppression Market by Product
11.5.2.7.2 Rest of Africa Fire Suppression Market by Type
11.5.2.7.3 Rest of Africa Fire Suppression Market by Application
11.6 Latin America
11.6.1 Latin America Fire Suppression Market by Country
11.6.2 Latin America Fire Suppression Market by Product
11.6.3 Latin America Fire Suppression Market by Type
11.6.4 Latin America Fire Suppression Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Fire Suppression Market by Product
11.6.5.2 Brazil Fire Suppression Market by Type
11.6.5.3 Brazil Fire Suppression Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Fire Suppression Market by Product
11.6.6.2 Argentina Fire Suppression Market by Type
11.6.6.3 Argentina Fire Suppression Market by Application
11.6.7 Colombia
11.6.7.1 Colombia Fire Suppression Market by Product
11.6.7.2 Colombia Fire Suppression Market by Type
11.6.7.3 Colombia Fire Suppression Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Fire Suppression Market by Product
11.6.8.2 Rest of Latin America Fire Suppression Market by Type
11.6.8.3 Rest of Latin America Fire Suppression Market by Application
12 Company profile
12.1 Fike Corp
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Type/Service Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Minimax USA LLC
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Type/Service Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Gentex Corp
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Type/Service Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Halma Plc
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Type/Service Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 HOCHIKI America Corp
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Type/Service Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Honeywell International Inc
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Type/Service Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Johnson Controls
12.7.2 Financials
12.7.3 Type/Service Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Robert Bosch GmbH
12.7.1 Company Overview
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Type/Service Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Siemens AG
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Type/Service Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Raytheon Technologies Corp
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Type/Service Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Application News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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