PUBLISHER: Lucintel | PRODUCT CODE: 1154019
PUBLISHER: Lucintel | PRODUCT CODE: 1154019
Fire Suppression Market Trends and Forecast
The future of the fire suppression market looks promising with opportunities in the industrial, commercial, transportation, and residential markets. The fire suppression market is expected to reach an estimated $24.4 billion by 2027 with a CAGR of 4% from 2021 to 2027. The major drivers for this market are increasing fire incidents, stringency in fire safety norms, and growth in the construction industry.
Emerging Trends in the Fire Suppression Market
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of sound based fire extinguisher, video image smoke detector, and development of voice evacuation system.
A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the fire suppression market report.
Fire Suppression Market by Segment
Fire Suppression Market by Product Type [$M shipment analysis from 2016 to 2027]:
Fire Suppression Market by End Use Industry [$M shipment analysis from 2016 to 2027]:
Fire Suppression Market by Region [Value ($M) shipment analysis for 2016 - 2027]:
US
Canada
Mexico
Germany
The United Kingdom
France
Italy
China
Japan
India
Australia
List of Fire Suppression Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fire suppression companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fire suppression companies profiled in this report includes.
Fire Suppression Market Insight
Features of Fire Suppression Market
FAQ
Q1. What is the fire suppression market size?
Answer: The global fire suppression market is expected to reach an estimated $24.4 billion by 2027.
Q2. What is the growth forecast for fire suppression market?
Answer: The fire suppression market is expected to grow at a CAGR of 4% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the fire suppression market?
Answer: The major drivers for this market are increasing fire incidents, stringency in fire safety norms, and growth in the construction industry.
Q4. What are the major applications or end use industries for fire suppression?
Answer: Industrial and commercial are the major end use industries for fire suppression.
Q5. What are the emerging trends in fire suppression market?
Answer: An emerging trend, which has a direct impact on the dynamics of the industry, includes development of sound based fire extinguisher, video image smoke detector, and development of voice evacuation system.
Q6. Who are the key fire suppression companies?
Answer: Some of the key fire suppression companies are as follows:
Q7. Which fire suppression product segment will be the largest in future?
Answer: Lucintel forecasts that gaseous based suppression systems is expected to witness the highest growth due to higher effectiveness, faster response in extinguishing fire, and ability to leave no residue after fire suppression. Growing installation of carbon-dioxide and clean agent gas based suppression systems in industrial and commercial applications will drive the market.
Q8 : In fire suppression market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.