The global fire suppression systems market size was USD 18.19 Billion in 2022 and is expected to register a revenue CAGR of 5.6% over the forecast period, according to the latest report by Reports and Data. The market revenue growth is expected to be driven by growing investments from government authorities in construction and building projects across the globe.
Rising adoption of smart building technologies and requirement for advanced fire suppression systems in contemporary buildings are creating a high demand for fire suppression systems. Conventional fire control technologies such as Halon and Carbon Dioxide are harmful to the environment as they release hazardous gases into the atmosphere. Consequently, the requirement for fire suppression systems that are safe for human health and eco-friendly is growing in various industries.
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Major Companies:
Honeywell International Inc., Siemens, Minimax Fire Solutions International GmbH, Johnson Controls, Amerex Corporation, Bosch Sicherheitssysteme GmbH, Gentex Corporation, American Fire Technologies, Hochiki America Corporation, Siron Fire Protection
Major Driving Factors of Fire Suppression Systems Market
- Increasing awareness about fire safety: With growing concerns about fire hazards and the potential risks they pose to life and property, there has been a significant increase in awareness regarding fire safety measures. This has led to the adoption of fire suppression systems across residential, commercial, and industrial sectors.
- Stringent government regulations and safety standards: Governments and regulatory bodies around the world have implemented stringent regulations and safety standards to ensure fire safety in buildings and establishments. Compliance with these regulations often requires the installation of fire suppression systems, driving the demand for such systems in the market.
- Rising instances of fire accidents: Fire accidents continue to occur across various sectors, including residential, commercial, and industrial. These incidents highlight the need for effective fire suppression systems to prevent or minimize the loss of life and property. The increasing frequency of fire accidents drives the demand for fire suppression systems.
- Growth in infrastructure development: Rapid urbanization and infrastructure development, particularly in emerging economies, have led to the construction of new buildings, commercial complexes, industrial facilities, and residential projects. This surge in construction activities has created a significant demand for fire suppression systems to ensure the safety of these structures.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product (Revenue, USD Billion; 2019-2032)
- Fire extinguisher
- Fire sprinkler
Product Type Outlook (Revenue, USD Billion; 2019-2032)
- Water-based
- Gas-based
- Foam-based
- Powder-based
- Others
End-Use Outlook (Revenue, USD Billion; 2019-2032)
- Residential
- Commercial
- Industrial
- Transportation
- Others
Technology Outlook (Revenue, USD Billion; 2019-2032)
- Active fire protection
- Passive fire protection
Component Outlook (Revenue, USD Billion; 2019-2032)
- Alarm valve
- Alarm test valve
- Stop valve
- Fire sprinkler head
- Motorized alarm bell
Notable Innovations of Fire Suppression Systems Market
- Clean Agent Fire Suppression Systems: Clean agent fire suppression systems use environmentally friendly agents to extinguish fires without causing damage to sensitive equipment or leaving residue. These systems are particularly suitable for protecting data centers, server rooms, and other critical facilities.
- Water Mist Systems: Water mist systems utilize a fine mist of water to suppress fires. They are effective in extinguishing different types of fires, including class A, B, C, and F. Water mist systems are gaining popularity due to their high cooling and extinguishing capabilities, as well as their ability to reduce water damage.
- Pre-Engineered Fire Suppression Systems: Pre-engineered fire suppression systems come as pre-assembled units that are ready for installation. These systems are designed for specific applications and are easier to install, reducing the time and effort required for deployment.
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