Fire Suppression Market Report: Trends, Forecast and Competitive Analysis to 2030

Fire Suppression Trends and Forecast

The future of the global fire suppression market looks promising with opportunities in the commercial, industrial, and residential markets. The global fire suppression market is expected to reach an estimated $30.5 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are growing significance of fire safety compliance in commercial, industrial, and high-rise buildings, increasing number of major infrastructure projects, including those for hotels and hospitals, as well as, rising spending capacity of consumers.

A more than 150-page report is developed to help in your business decisions.

Fire Suppression by Segment

The study includes a forecast for the global fire suppression by type, product, application, and region.

Fire Suppression Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Gas
• Water
• Dry Chemical Powder
• Others

Fire Suppression Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Fire Extinguisher
• Fire Sprinkler

Fire Suppression Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Industrial
• Residential

Fire Suppression Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

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 include-

• Gentex
• Halma
• Hochiki America
• Honeywell International
• Robert Bosch
• Siemens
• Minimax USA

Fire Suppression Market Insights

Lucintel forecasts that dry chemical powder will remain the largest segment over the forecast period because of the growing awareness among end-users about the advantages of the product, along with its ability to handle different kinds of fires and easy storage without the need for pressurized equipment.

North America will remain the largest region over the forecast period due to supportive government plans and growing demand for better safety products, strict government policies and norms toward safety across industrial, commercial, and residential sectors, along with the adoption of smart building technologies in this region.

Features of the Global Fire Suppression Market

Market Size Estimates: Fire suppression market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fire suppression market size by type, product, application, and region in terms of value ($B).

Regional Analysis: Fire suppression market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, product, application, and regions for the fire suppression market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fire suppression market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the fire suppression market size?

Answer: The global fire suppression market is expected to reach an estimated $30.5 billion by 2030.

Q.2 What is the growth forecast for fire suppression market?

Answer: The global fire suppression market is expected to grow with a CAGR of 5.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the fire suppression market?

Answer: The major drivers for this market are growing significance of fire safety compliance in commercial, industrial, and high-rise buildings, increasing number of major infrastructure projects, including those for hotels and hospitals, as well as, rising spending capacity of consumers.

Q4. What are the major segments for fire suppression market?

Answer: The future of the global fire suppression market looks promising with opportunities in the commercial, industrial, and residential markets.

Q5. Who are the key fire suppression market companies?

Answer: Some of the key fire suppression companies are as follows:

• Gentex
• Halma
• Hochiki America
• Honeywell International
• Robert Bosch
• Siemens
• Minimax USA

Q6. Which fire suppression market segment will be the largest in future?

Answer: Lucintel forecasts that dry chemical powder will remain the largest segment over the forecast period because of the growing awareness among end-users about the advantages of the product, along with its ability to handle different kinds of fires and easy storage without the need for pressurized equipment.

Q7. In fire suppression market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to supportive government plans and growing demand for better safety products, strict government policies and norms toward safety across industrial, commercial, and residential sectors, along with the adoption of smart building technologies in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the fire suppression market by type (gas, water, dry chemical powder, and others), product (fire extinguisher and fire sprinkler), application (commercial, industrial, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?