Automatic Fire Suppression System Market: Industry Analysis and Forecast (2023-2029)

Automatic Fire Suppression System Market size was valued at US$ 17.53 Billion in 2022 and Automatic Fire Suppression System Market is expected to grow at 5.0% through 2023 to 2029, reaching nearly US$ 24.68 Billion.

Automatic Fire Suppression System Market Overview:

Every organization and building requires a fire prevention system. A fire protection system is used to protect people in a building or institution from fire threats by controlling, detecting, and controlling the spread of fire. Automatic Fire Suppression System provides emergency function without human intervention in case of fire. An Automatic Fire Suppression System protects your high-value assets from fire and the effects of firefighting and gets your operation back to normal with minimal damage Automatic Fire Suppression System provides real-time monitoring information and programmed fire alarm. It presents the design of a low-cost, robust and secure fire protection system for buildings. The automatic Fire Suppression System sends an early alarm when the fire occurs and reduces the fire damage. During COVID-19 the majority of the manufacturing facilities were shut down. In the initial months of the lockdown, the industry experienced varying degrees of fluctuations to install Fire Suppression System; however, various fire incidents took place during the pandemic, and thus, the need for an Automatic Fire Suppression System is expected to witness growth.Automatic Fire Suppression System MarketTo know about the Research Methodology :- Request Free Sample Report

Automatic Fire Suppression System Market Dynamics:

The global automated fire suppression systems market is driven by factors such as increasing construction and industrial activities, growing demand for sustainable building materials in emerging economies, stringent regulatory compliances etc. in fire detection systems. Due to the increasing adoption of safety standards, safety systems are demanded in several process industries such as power generation, food manufacturing, metal and mining, paper & pulp industries, Pharmaceutical industries, etc. The stringent government regulations are making the industries mandatory to install fire safety systems in the plants and factories. Moreover, awareness campaigns have driven consumers to buy products from companies that are looking forward to human health and safety in manufacturing plants. Industrial accidents have increased over the years globally. According to the NFPA In 2021, local fire departments estimated 1.4 million fires in the United States. of which 3,500 civilian deaths due to these fires and 15,200 civilian injuries. The total property damage was estimated during this period is at $21.9 billion. High initial investments cost and maintenance costs are required for fire protection systems may hamper the growth of the Automatic Fire Suppression System Market.

Segment Analysis

By Type, The dry chemical powder segment is expected to grow at a CAGR of 5.6% during the forecast period. Dry chemical powder extinguishers contain a non-flammable substance that can extinguish fires by forming a layer and cutting off the air supply. They are relatively cost-effective as compared to others. The water segment is expected to grow at a CAGR of 4.3% during the forecast period. (2022-2029). Water is widely used as a fire extinguishing agent. The water segment is preferred for class “A” fires that occur with ordinary solid combustibles, such as textiles, wood, plastics, coal, and paper. Water can typically cool down the fire and prevent any reignition. By End-user, the Private segment holds a maximum share of the Automatic Fire Suppression System market during the forecast period. Private sectors are meant to generate profit. Thus, it is necessary to safeguard all components of operation such as manpower, assets, and products to eliminate any chance of harm in generating profits. By Application, The market has been further segmented into industrial and commercial. The industrial segment dominated the market in 2021. The industrial application segment is expected to register the highest CAGR of 7.5% during the forecast period. The Automatic Fire Suppression System is implemented in various industries such as chemical, pharmaceuticals, oil and gas, energy and power, and manufacturing. The industry needs automatic fire suppression systems to reduce the damage cost if any fire occurs is expected to fuel the growth of the industrial segment. The commercial segment is expected to grow at a CAGR of 6.3% during the forecast period, owing to the aggressive investments being made by enterprises to protect property and people potential fire hazards.

Region Analysis:

North America dominated the Automatic Fire Suppression System market in 2021. Stringent government rules and regulations mandating the installation of fire suppression systems in buildings have to lead the market during the forecast period. Rapid urbanization has increased construction activities in the APAC region, and countries such as China, Japan, and South Korea are driving the growth of the fire protection system in this region. Technological and economic advancements are also increased in these regions. Moreover, construction activities are increased in this region because of growing urbanization. Governments have made stringent rules therefore the market is expected to grow with the execution of these policies. Asia Pacific countries such as China, India, Japan, and Singapore are growing in terms of the economy due to rapid growth in industrialization where significant expansions of industries and manufacturing factories are taking place. The revenue is expected to grow for the Fire and Safety System Market during the forecast period. Mumbai High Court ordered to build an app to check whether the restaurant has fire safety provided. These actions are expected to drive the adoption of Fire Suppression systems in the Market.

Automatic Fire Suppression System Market Report Scope:Inquire before buying

Automatic Fire Suppression System Market
Base Year 2022 Forecast Period 2023-2029
Historical Data CAGR Market Size in 2022 Market Size in 2029
2018 to 2022 5.0% US$ 17.53 Bn US$ 24.68 Bn
Segments Covered
by Type Dry chemical powder Water Gas Others. by Application Industrial commercial
Regions Covered
North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America

Automatic Fire Suppression System Market Key Players

1. Honeywell International Inc. 2. Gentex Corporation 3. Halma PLC 4. Hochiki Corporation 5. Honeywell International Inc. 6. Johnson Controls 7. Robert Bosch GmbH 8. Siemens AG 9. Minimax Viking GmbH 10.United Technologies Corporation Frequently Asked Questions: 1. Which region has the largest share in Global Automatic Fire Suppression System Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Automatic Fire Suppression System Market? Ans: The Global Automatic Fire Suppression System Market is growing at a CAGR of 5.0% during forecasting period 2023-2029. 3. What is scope of the Global Automatic Fire Suppression System Market report? Ans: Global Automatic Fire Suppression System Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Automatic Fire Suppression System Market? Ans: The important key players in the Global Automatic Fire Suppression System Market are – Honeywell International Inc., Gentex Corporation, Halma PLC, Hochiki Corporation, Honeywell International Inc., Johnson Controls, Robert Bosch GmbH, Siemens AG, Minimax Viking GmbH, and United Technologies Corporation 5. What is the study period of this Market? Ans: The Global Automatic Fire Suppression System Market is studied from 2022 to 2029.
1. Automatic Fire Suppression System Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Automatic Fire Suppression System Market: Dynamics 2.1. Automatic Fire Suppression System Market Trends by Region 2.1.1. North America Automatic Fire Suppression System Market Trends 2.1.2. Europe Automatic Fire Suppression System Market Trends 2.1.3. Asia Pacific Automatic Fire Suppression System Market Trends 2.1.4. Middle East and Africa Automatic Fire Suppression System Market Trends 2.1.5. South America Automatic Fire Suppression System Market Trends 2.2. Automatic Fire Suppression System Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Automatic Fire Suppression System Market Drivers 2.2.1.2. North America Automatic Fire Suppression System Market Restraints 2.2.1.3. North America Automatic Fire Suppression System Market Opportunities 2.2.1.4. North America Automatic Fire Suppression System Market Challenges 2.2.2. Europe 2.2.2.1. Europe Automatic Fire Suppression System Market Drivers 2.2.2.2. Europe Automatic Fire Suppression System Market Restraints 2.2.2.3. Europe Automatic Fire Suppression System Market Opportunities 2.2.2.4. Europe Automatic Fire Suppression System Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Automatic Fire Suppression System Market Drivers 2.2.3.2. Asia Pacific Automatic Fire Suppression System Market Restraints 2.2.3.3. Asia Pacific Automatic Fire Suppression System Market Opportunities 2.2.3.4. Asia Pacific Automatic Fire Suppression System Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Automatic Fire Suppression System Market Drivers 2.2.4.2. Middle East and Africa Automatic Fire Suppression System Market Restraints 2.2.4.3. Middle East and Africa Automatic Fire Suppression System Market Opportunities 2.2.4.4. Middle East and Africa Automatic Fire Suppression System Market Challenges 2.2.5. South America 2.2.5.1. South America Automatic Fire Suppression System Market Drivers 2.2.5.2. South America Automatic Fire Suppression System Market Restraints 2.2.5.3. South America Automatic Fire Suppression System Market Opportunities 2.2.5.4. South America Automatic Fire Suppression System Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Automatic Fire Suppression System Industry 2.8. Analysis of Government Schemes and Initiatives For Automatic Fire Suppression System Industry 2.9. Automatic Fire Suppression System Market Trade Analysis 2.10. The Global Pandemic Impact on Automatic Fire Suppression System Market 3. Automatic Fire Suppression System Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 3.1.1. Dry chemical powder 3.1.2. Water 3.1.3. Gas 3.1.4. Others 3.2. Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 3.2.1. Industrial 3.2.2. commercial 3.3. Automatic Fire Suppression System Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Automatic Fire Suppression System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 4.1.1. Dry chemical powder 4.1.2. Water 4.1.3. Gas 4.1.4. Others 4.2. North America Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 4.2.1. Industrial 4.2.2. commercial 4.3. North America Automatic Fire Suppression System Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Dry chemical powder 4.3.1.1.2. Water 4.3.1.1.3. Gas 4.3.1.1.4. Others 4.3.1.2. United States Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 4.3.1.2.1. Industrial 4.3.1.2.2. commercial 4.3.2. Canada 4.3.2.1. Canada Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Dry chemical powder 4.3.2.1.2. Water 4.3.2.1.3. Gas 4.3.2.1.4. Others 4.3.2.2. Canada Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 4.3.2.2.1. Industrial 4.3.2.2.2. commercial 4.3.3. Mexico 4.3.3.1. Mexico Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Dry chemical powder 4.3.3.1.2. Water 4.3.3.1.3. Gas 4.3.3.1.4. Others 4.3.3.2. Mexico Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 4.3.3.2.1. Industrial 4.3.3.2.2. commercial 5. Europe Automatic Fire Suppression System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 5.2. Europe Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 5.3. Europe Automatic Fire Suppression System Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 5.3.2. France 5.3.2.1. France Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Automatic Fire Suppression System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3. Asia Pacific Automatic Fire Suppression System Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3.4. India 6.3.4.1. India Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Automatic Fire Suppression System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 7.3. Middle East and Africa Automatic Fire Suppression System Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 8. South America Automatic Fire Suppression System Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 8.2. South America Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 8.3. South America Automatic Fire Suppression System Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Automatic Fire Suppression System Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Automatic Fire Suppression System Market Size and Forecast, by Application (2022-2029) 9. Global Automatic Fire Suppression System Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Automatic Fire Suppression System Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Honeywell International Inc. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Gentex Corporation 10.3. Halma PLC 10.4. Hochiki Corporation 10.5. Honeywell International Inc. 10.6. Johnson Controls 10.7. Robert Bosch GmbH 10.8. Siemens AG 10.9. Minimax Viking GmbH 10.10. United Technologies Corporation 11. Key Findings 12. Industry Recommendations 13. Automatic Fire Suppression System Market: Research Methodology 14. Terms and Glossary

About This Report

Report ID 77384
Category Automotive and Transportation
Published Date August 2023
Updated Date
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