The latest industry analysis on Fire Suppression Systems Market provides sales outlook in 20+ countries, across key categories Product, Application, Sales Channel. Insights on Fire Suppression Systems Market market drivers, trends, and influencing factors are also included in the study.
The market for fire suppression systems was valued at nearly US$ 17 Bn as of 2021, and is expected to surge Y-o-Y at a rate of 5.8% in 2022, reaching US$ 18 Bn. By the end of the forecast period 2022-2032, the market is likely to have grown 1.6x in value terms to reach US$ 30 Bn.
Toughening fire safety regulations combined with technological advancements in firefighting capabilities are some factors expected to steer market growth. By product, fire extinguishers will account for 52% of total revenue, while dry chemical powder based fire suppression systems will account for 1/3rd of global market share.
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Key Players in Fire Suppression Systems Market
- Robert Bosch GmbH
- Gentex Corporation
- Minimax Viking GmbH
- Honeywell International
- Raytheon Technologies (United Technologies Corporation)
- Halma Plc
Key Fire Suppression Systems Market Survey Highlights and Projections
- Fact.MR analysis provides Fire Suppression Systems Market demand-supply assessment, revealing Fire Suppression Systems Market sales to grow from US$ 18 Bn in 2022 to US$ 30 Bn in 2032
- The report provides sales outlook on Fire Suppression Systems Market, opining Fire Suppression Systems Market revenues to register a CAGR of 5.2% during 2022-2032
- Fire Suppression Systems Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
- Fire Suppression Systems Market demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
- Japan and South Korea Fire Suppression Systems Market demand likely to grow at a steady clip during 2022-2032
Report Benefits & Key Questions Answered
- Fire Suppression Systems Market Company & brand share analysis: Company and brand share analysis on Fire Suppression Systems Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Fire Suppression Systems Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Fire Suppression Systems Market
- Fire Suppression Systems Market Category & segment level analysis: Fact.MR’s Fire Suppression Systems Market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Fire Suppression Systems Market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Fire Suppression Systems Market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
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What insights does the Fire Suppression Systems Market report provide to the readers?
- Fire Suppression Systems Market fragmentation on the basis of product type, end use, and region.
- Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
- Collaborations, R&D projects, acquisitions, and product launches of each Fire Suppression Systems Market player.
- Various regulations imposed by the governments on the consumption of Fire Suppression Systems Market in detail.
Market Segmentation
- By Product
- Fire Extinguisher
- Fire Sprinkler
- By Fire Extinguisher Type
- Gas Fire Suppression Systems
- Water Fire Suppression Systems
- Dry Chemical Powder Fire Suppression Systems
- Other Fire Extinguisher Types
- By Application
- Fire Suppression Systems for Commercial Applications
- Fire Suppression Systems for Industrial Applications
- Fire Suppression Systems for Residential Applications
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