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Global Fire Suppression System Market Share, Size, Demand, Growth, Forecast: By Product: Fire Extinguisher, Fire Sprinkler; By Fire Extinguisher Type: Water-Based, Gas-Based, Foam-Based; By Application: Commercial, Industrial, Residential; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Fire Suppression System Market Outlook
The global fire suppression system market size reached a value of around USD 23.3 billion in 2022. The market is further expected to grow at a CAGR of 5.20% between 2023 and 2028, reaching a value of around USD 31.4 billion by 2028.
Key Trends in the Market
A fire suppression system is designed to suppress or extinguish fire in a particular area, using materials such as water, gas, or foam, depending upon fire type and use. These systems are used to control fire, and prevent it from spreading in any direction, due to which they are commonly used in larger spaces.
- The demand for fire suppression systems is increasing as a result of the growing use of smart building technologies and development of modern structures. Fire suppression systems increase the safety and security of modern structures, protecting various building systems including HVAC, lighting, and smart building technology, which is increasing the fire suppression system market demand.
- Rising demand from a number of industries, including oil and gas, chemical, and energy, is one of the key fire suppression system market trends fuelling the market expansion. Due to the high danger of fire accidents and stringent safety rules in these sectors, these solutions are generally adopted.
- The increasing significance of fire safety compliance in high-rise structures, industrial settings, and commercial sectors is further propelling the fire suppression system market growth. The market is anticipated to expand significantly during the forecast period as a result of increased fire incidences and growing consumer concerns about safety.
Global Fire Suppression System Market Analysis
Based on product, the market is bifurcated into fire extinguisher and fire sprinkler. On the basis of fire extinguisher type, the market is segmented into water-based, gas-based, and foam-based. The fire suppression system market segmentation, based on application, is commercial, industrial, and residential. The regional markets for fire suppression systems are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global fire suppression system market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Johnson Controls International PLC
- Fike Corporation
- Honeywell International Inc.
- ORR Protection Systems, Inc.
- Siemens AG
- Hochiki Corporation
- Firetrace International, LLC
- Carrier Corporation
- Minimax USA LLC.
- Halma Plc
- Others
Global Fire Suppression System Market Share by Product
The fire extinguisher product segment accounts for a sizable share of the market for fire suppression systems due to their effectiveness in extinguishing fires, including direct flames. When a fire breaks out, fire extinguisher systems can provide security without endangering or breaking precious equipment, papers, or valuables. Particularly in larger spaces, fire extinguishers can be used in a concentrated manner to target fire and prevent its spread without depositing water on all surfaces.
Global Fire Suppression System Market Share by Application
Industrial applications of fire suppression systems are anticipated to increase significantly throughout the forecast period due to the expansion of industrial facilities and ongoing global changes to fire safety laws. Fire suppression systems in the industrial sector are utilised in utilised in manufacturing facilities, storage facilities, and data hosting facilities, among others. Meanwhile, the commercial applications segment is expected to witness substantial growth in the fire suppression system global market owing to the increasing number of renovation projects and the increasing adoption of building safety rules.
Competitive Landscape
Fike Corporation, founded in 1945 and headquartered in Missouri in the United States, is a global leader in fire alarm systems, rupture disc technology, explosion protection, and fire suppression solutions. The company also offers personalised customer service for enterprises across the world.
ORR Protection Systems, Inc., established in 1948 and based in Kentucky in the United States, is a specialist in safeguarding mission-critical facility settings against fire loss. They cater to the telecommunication, data processing, cable head-ends, industrial, and power generating sectors.
Firetrace International, LLC, a global innovator and producer of market-leading fire suppression systems, was established in 2000 and has its headquarters in Arizona in the United States. These systems include full room total flooding, engineered clean agent systems, and pre-engineered systems for special hazard enclosures.
Other market players include Johnson Controls International PLC, Honeywell International Inc., Siemens AG, Hochiki Corporation, Carrier Corporation, Minimax USA LLC., and Halma Plc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Fire Extinguisher Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fire Suppression System Market Analysis
8.1 Key Industry Highlights
8.2 Global Fire Suppression System Historical Market (2018-2022)
8.3 Global Fire Suppression System Market Forecast (2023-2028)
8.4 Global Fire Suppression System Market by Product
8.4.1 Fire Extinguisher
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Fire Sprinkler
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Fire Suppression System Market by Fire Extinguisher Type
8.5.1 Water-Based
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Gas-Based
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Foam-Based
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Fire Suppression System Market by Application
8.6.1 Commercial
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Industrial
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Residential
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.7 Global Fire Suppression System Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Fire Suppression System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Fire Suppression System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Fire Suppression System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Fire Suppression System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Fire Suppression System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 842410)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Manufacturing Process
19 Cost Analysis
20 Competitive Landscape
20.1 Market Structure
20.2 Company Profiles
20.2.1 Johnson Controls International PLC
20.2.1.1 Company Overview
20.2.1.2 Product Portfolio
20.2.1.3 Demographic Reach and Achievements
20.2.1.4 Certifications
20.2.2 Fike Corporation
20.2.2.1 Company Overview
20.2.2.2 Product Portfolio
20.2.2.3 Demographic Reach and Achievements
20.2.2.4 Certifications
20.2.3 Honeywell International Inc.
20.2.3.1 Company Overview
20.2.3.2 Product Portfolio
20.2.3.3 Demographic Reach and Achievements
20.2.3.4 Certifications
20.2.4 ORR Protection Systems, Inc.
20.2.4.1 Company Overview
20.2.4.2 Product Portfolio
20.2.4.3 Demographic Reach and Achievements
20.2.4.4 Certifications
20.2.5 Siemens AG
20.2.5.1 Company Overview
20.2.5.2 Product Portfolio
20.2.5.3 Demographic Reach and Achievements
20.2.5.4 Certifications
20.2.6 Hochiki Corporation
20.2.6.1 Company Overview
20.2.6.2 Product Portfolio
20.2.6.3 Demographic Reach and Achievements
20.2.6.4 Certifications
20.2.7 Firetrace International, LLC
20.2.7.1 Company Overview
20.2.7.2 Product Portfolio
20.2.7.3 Demographic Reach and Achievements
20.2.7.4 Certifications
20.2.8 Carrier Corporation
20.2.8.1 Company Overview
20.2.8.2 Product Portfolio
20.2.8.3 Demographic Reach and Achievements
20.2.8.4 Certifications
20.2.9 Minimax USA LLC.
20.2.9.1 Company Overview
20.2.9.2 Product Portfolio
20.2.9.3 Demographic Reach and Achievements
20.2.9.4 Certifications
20.2.10 Halma Plc
20.2.10.1 Company Overview
20.2.10.2 Product Portfolio
20.2.10.3 Demographic Reach and Achievements
20.2.10.4 Certifications
20.2.11 Other
21 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fire Suppression System Market: Key Industry Highlights, 2018 and 2028
2. Global Fire Suppression System Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Fire Suppression System Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Fire Suppression System Historical Market: Breakup by Fire Extinguisher Type (USD Million), 2018-2022
5. Global Fire Suppression System Market Forecast: Breakup by Fire Extinguisher Type (USD Million), 2023-2028
6. Global Fire Suppression System Historical Market: Breakup by End-User (USD Million), 2018-2022
7. Global Fire Suppression System Market Forecast: Breakup by End-User (USD Million), 2023-2028
8. Global Fire Suppression System Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Fire Suppression System Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Fire Suppression System Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Fire Suppression System Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Fire Suppression System Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Fire Suppression System Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Fire Suppression System Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Fire Suppression System Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Fire Suppression System Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Fire Suppression System Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Fire Suppression System Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Fire Suppression System Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Fire Suppression System Market Structure
Key Questions Answered in the Report
In 2022, the global market for fire suppression systems attained a value of USD 23.3 billion.
The market is projected to grow at a CAGR of 5.20% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach USD 31.4 billion by 2028.
The major drivers of the market include the rising requirement for advanced fire suppression systems in new buildings, and increasing demand across oil and gas, chemical, and energy industries.
The rising adoption of smart building technologies, growing importance of fire safety compliance in high-rise buildings, and advancements in technology are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major applications of fire suppression systems in the market are commercial, industrial, and residential.
The major players in the fire suppression system market, according to the report, are Johnson Controls International PLC, Fike Corporation, Honeywell International Inc., ORR Protection Systems, Inc., Siemens AG, Hochiki Corporation, Firetrace International, LLC, Carrier Corporation, Minimax USA LLC., and Halma Plc, among others.
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