Global Fire Suppression Systems Strategic Market Report 2023: Market to Reach $28.8 Billion by 2030 from $19.7 Billion in 2022 - Sustainable Technologies Gain Spotlight


Dublin, Feb. 17, 2023 (GLOBE NEWSWIRE) -- The "Fire Suppression Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Fire Suppression Systems Market to Reach $28.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Fire Suppression Systems estimated at US$19.7 Billion in the year 2022, is projected to reach a revised size of US$28.8 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.

Dry Chemical-Based, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$11.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Water-Based segment is readjusted to a revised 4.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 6.3% CAGR

The Fire Suppression Systems market in the U.S. is estimated at US$5.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.3 Billion by the year 2030.

Key Metrics

Report AttributeDetails
No. of Pages664
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$19.7 Billion
Forecasted Market Value (USD) by 2030$28.8 Billion
Compound Annual Growth Rate4.9%
Regions CoveredGlobal

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

  • Drop in Construction Activity and Slowdown in End-Use Market Impacts Demand for Fire Suppression Systems Business
  • COVID-19 Pandemic: A Double-Edged Sword for Fire Industry with Future Ramifications
  • Competition
  • Manufacturers Focus on End-to-End Support Services
  • Asian Companies Seek to Expand Business Footprint
  • Competitive Market Presence - Strong/Active/Niche for Players Worldwide in 2023 (E)
  • Recent Market Activity
  • World Brands
  • Fire Safety & Security: An Introductory Prelude
  • Manual & Automatic Technologies for Comprehensive Fire Safety Strategy: A Snapshot
  • Fire Suppression Systems: An Introduction
  • Types of Fire Suppression Systems
  • Global Market Outlook
  • Regional Landscape

MARKET TRENDS & DRIVERS

  • Fire Safety Equipment Gain Traction as Safety and Security become Top Priorities Among Property Owners
  • Rising Investments in Real Estate Projects Extend New Opportunities
  • Implementation of Stringent Regulations and Policies Boost Growth
  • Innovations Drive Momentum in Fire Suppression Market
  • Sustainable Technologies Gain Spotlight
  • Smart Systems Evolve to Rejuvenate Growth
  • Next-Generation Smoke Detectors
  • Fire Protection Systems Get More Potent with Amazing Innovations
  • Fire Safety & Suppression Systems Become Hotter with Latest Technology Trends
  • Smart Technology Innovation Takes the Fire Protection Industry by Storm
  • Signage, Sensors & Communication as Key Pillars of Fire Detection System Trends
  • Innovative Fire Safety Applications in Pipes
  • Electrification, Automation & Integration as Mega Trends in Fire Pumps Domain
  • High-Rise, Modular Buildings Drive Space-Saving Innovations in Fire Suppression Market
  • IoT Gains Prominence in Fire Suppression Technologies
  • Automatic Fire Extinguishing Systems Best for Heavy Machinery Protection
  • Fire Suppression Systems Remain Crucial to Prevent Major Service Interruptions in Modern Data Center Operations
  • Expanding Role of Fire Protection Engineering in Building Architecture Generates Opportunities
  • Water Based Systems: A Prominent Market Segment
  • Wet Pipe Systems Continue to Widen Audience Base
  • Dry Pipe Systems Ideal for Structures Characterized by Sub-Zero Temperatures
  • Design, Functional & Cost Limitations Hamper Adoption of Dry Pipe Systems
  • Pre-Action Systems Gain Traction in Water-Leakage Sensitive Environments
  • Deluge Sprinkler Systems for High-Hazard Sites
  • Water Mist Systems Burn Bright in Fire Safety Technology Industry
  • New Watermist Technologies Improve Fire Safety
  • Gaseous Fire Suppression for Cleaner and Effective Suppression of Fire
  • Select Gaseous Fire Suppression Agents by Mechanism Type: A Snapshot
  • F-Gas Regulation Curtail HFC-based Gaseous Systems
  • CO2 Systems for Fast, Highly Adaptive, Non-Damaging & Eco-Friendly Fire Suppression
  • PFAS Free Foams to Increasingly Replace PFAS Based Foams in Fire Suppression Systems for Industrial Facilities
  • Specialty Systems Aim to Expand Market Share
  • Clean Agents Make Rapid Progress
  • Emerging IoT Technologies Enhance Fire Safety in Smart Cities
  • Growing Popularity of Smart Buildings Bodes Well for Modernization of Fire Safety Systems
  • High Thrust on Building Automation Augments Market Prospects
  • Technologies Used in Building Automation Systems (BAS) by Application Area: A Snapshot
  • Growing Adoption of Smart Homes Drive Installation of Smart Fire suppression Systems
  • Hospitals Integrate Fire Suppression in Building Security Mix
  • Healthcare Facility Requirements Drive Demand for Advanced Systems
  • Fire Suppression Systems Experience Increasing Demand in Commercial Kitchens
  • Fire Suppression Systems Assume Critical Importance in Industrial Manufacturing Sites
  • Warehouses & Logistics Sites Prioritize Fire Suppression to Avoid Inventory Losses
  • Flammable Nature of Hydrocarbons Necessitates Fire Suppression in Oil & Gas Facilities
  • Museums, Historic Buildings & Heritage Sites Extend Potential Opportunities
  • Potential Opportunities in the Transportation Sector
  • Major Fire Safety Risks at Ports and Docks
  • Fire Suppression Systems Seek Role in the Airport Security Mix
  • Education Sector: A Lucrative End-Use Sector
  • Urbanization Remains a Fundamental Growth Driver

FOCUS ON SELECT PLAYERS (Total 229 Featured)

  • AFEX Fire Suppression Systems
  • APi Group Inc.
  • Carrier Global Corporation
  • Chubb Fire & Security Ltd. Kidde Fire Systems
  • Marioff Corporation Oy
  • Eusebi Impianti s.r.l
  • Fike Corporation
  • Fireboy- Xintex LLC
  • Halma plc
  • Hochiki Corporation
  • Johnson Controls International Plc
  • Jomarr Products, Inc.
  • Minimax GmbH & Co. KG
  • NAFFCO FZCO
  • Semco Maritime A/S
  • Siemens Building Technologies

For more information about this report visit https://www.researchandmarkets.com/r/ifd56u

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Global Market for Fire Suppression Systems

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