Global Fire Suppression Systems Market Report, 2022 and 2023-2030 - Museums, Historic Buildings & Heritage Sites Extend Potential Opportunities Beyond Residential and Industrial Sectors

News provided by

Dec 06, 2023, 18:00 ET

DUBLIN, Dec. 6, 2023 /PRNewswire/ -- 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

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 5.4% CAGR and reach US$11.8 Billion by the end of the analysis period. Growth in the Water-Based segment is estimated at 4.8% CAGR for the next 8-year period.

The pandemic has brought increased attention to fire safety and security, but it has also disrupted supply chains and operations.

In this competitive market, manufacturers are focusing on providing end-to-end support services to their customers. Asian companies are actively seeking to expand their business footprint in the global fire industry. The market for fire suppression systems is highly competitive, with key competitors vying for market share. Competitive market presence varies among players, with some having a strong presence, while others are more niche or trivial.

Recent market activity reflects ongoing developments and innovations in the fire suppression systems industry. World brands in this sector are actively engaged in meeting the evolving needs of customers and enhancing fire safety and security. Fire safety and security are of paramount importance, and various manual and automatic technologies are employed to ensure comprehensive fire safety strategies. Different types of fire suppression systems are available to address various fire hazards.

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.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Fire Safety Equipment Gain Traction as Safety and Security become Top Priorities Among Property Owners
Percentage Distribution of Causes of Fire: 2022
Direct Property Damage (In US$ Billion) Caused by Fires in the US for the Years 2011-2021
Breakdown of Structure Fires by Property Type in the US (2021)
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
Completions of 200-Meter-Plus Buildings: 2010-2021
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
Global Data Center Storage Capacity: Amount of Data Stored in Data Centers (in Exabytes) for the Years 2015, 2017, 2019 and 2021
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
Global Smart Cities Market in US$ Billion: 2020, 2022, 2024, and 2026
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
Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
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
World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P

FOCUS ON SELECT PLAYERS (Total 229 Featured)

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

For more information about this report visit https://www.researchandmarkets.com/r/gh3w4c

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo - https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets