News

The global fire suppression system market size is expected to be worth around US$ 28.5 billion by 2030, according to a new report by Vision Research Reports.

The global fire suppression system market size was valued at US$ 17.21billion in 2020 and is anticipated to grow at a CAGR of 8.01% during forecast period 2021 to 2030.

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Report Coverage

Growth Factors

 The growing need to prevent casualties and damage to property due to fire breakouts is expected to drive the demand for fire suppression systems over the forecast period. Organizations are investing aggressively in installing fire suppression systems to safeguard their infrastructure and employees from fire hazards. The strong emphasis manufacturing units and incumbents of various industries and industry verticals, such as oil and gas, and power and energy, are putting on protecting their critical machinery and infrastructure from potential fire outbreaks also bodes well for the growth of the market.

Key Players

• Gentex Corporation
• Halma PLC
• Hochiki Corporation
• Honeywell International Inc.
• Johnson Controls
• Robert Bosch GmbH
• Siemens AG
• United Technologies Corporation

Market Segmentation

• Product
  • Fire Extinguisher
  • Fire Sprinkler
• Fire Extinguisher Type
  • Gas
  • Water
  • Dry Chemical Powder
  • Others
• Application
  • Commercial
  • Industrial
  • Residential
• Regional
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

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