The Fire Suppression Market size was valued at US$ 25.8 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 5.12% from 2023 to 2029, reaching nearly US$ 36.6 Bn.
Fire Suppression Market Overview:Global Fire Suppression Market is expected to reach US$ 36.65 Bn. by 2029. A fire suppression system uses a combination of dry chemicals and/or wet agents to halt or put out a fire in a particular region. There are several common types of fire suppression, including CO2, FM 200, and wet chemical, and dry chemical suppression. Generally speaking, water, foam, CO2, steam, inert gases, and dry chemical powders are fire control agents or media. Extinguishing and fire detection alarm systems are both included in fire suppression systems. Extinguishing and alarm systems are installed permanently. This report focuses on the different segments of the Fire Suppression market (Product, Suppression Reagent, Sector, and Region). In-depth analysis of the leading industry participants and regions is provided in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It offers a thorough examination of the numerous sectors' explosive modern-era growth. Through numbers, visuals, and presentations, the core data analysis from 2017 to 2022 is highlighted. The market drivers, restraints, opportunities, and challenges for Fire Suppression are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Fire Suppression market. To know about the Research Methodology :- Request Free Sample Report
Fire Suppression Market Dynamics:A rise in the number of fire outbreaks that cause more harm to people and property As industrialization has grown, there have been a substantial number of fire-related mishaps that have resulted in fatalities as well as significant financial losses. An estimated 1,342,000 fires were put out by fire departments in the US alone in 2016, according to statistics by the National Fire Protection Association (NFPA). 3,390 civilians lost their lives in these fires; 14,650 were injured; and there was a loss of property worth USD 10.6 billion. In 2016, the US experienced 475,500 fire breakouts, resulting in one civilian fire death every two hours and 35 minutes. Improved fire security systems are therefore increasingly needed in a variety of locations in order to prevent such losses. Many companies throughout the world have upped their fire suppression spending in order to protect infrastructure and minimize fatalities. Companies use a variety of tools to implement fire suppression systems inside their buildings, including sensors and detectors, fire sprinklers, fire extinguishers, and other items. The need for fire suppression systems is expected to be driven by the surge in spending by numerous businesses and SMEs around the world to protect people and property. High fire suppression system installation and maintenance costs The installation of fire suppression equipment requires a significant upfront cost. This is brought on by the complexity of networks and the requirement for highly developed tools to deal with a fire emergency. Solution providers must therefore constantly update their products and create new technologies. Companies are investing a lot of money in creating these cutting-edge technologies, which raises the cost of procurement for businesses and government organisations to completely suppress fires in infrastructure. Additionally, frequent maintenance and other services are necessary for fire suppression systems, which further raises the cost. Additionally, these systems need to be regularly inspected and tested to maintain compliance with NFPA and the International Code Council code requirements (ICC). These fire suppression systems require routine inspections of the thermal insulation, joints, alternate enclosures, and other components. Organizations also need to look over building certifications that take a building's age into account. HMI solutions have improved For fire suppression systems to work at their peak efficiency, stable HMI solutions are necessary. To operate equipment and systems for fire suppression, electromechanical devices—such as switches, keypads, keyboards, pointing devices, and other components like indicators and alarms—are combined with HMIs. Major advancements in HMI component technology have been made over time in order to meet the ever-more-specific requirements of industrial, transportation, oil & gas, energy & power, public access/security, and lifting/moving applications. The growth of fire suppression systems during the forecast period has a lot of room for growth in this area. Falling oil and gas prices In the oil and gas sector, fire suppression systems are frequently used. As a result, the market for fire suppression is impacted by the decline in industry investment. However, due to industry-established procedures, the numerous fire detection and suppression systems now in use require routine maintenance, repair, and part replacement, which is expected to drive the fire suppression market growth during the forecast period. Oil and gas firms are concentrating on increasing operational effectiveness, and after they get through the current oil price crisis, companies should be more streamlined in terms of increasing operational effectiveness and operating with fewer resources.
Fire Suppression Market Segment Analysis:The Fire Suppression Market is segmented by Product, Suppression Reagent, and Sector. Based on the Product, the market is segmented into Fire Detectors and Control Panels, Sprinklers, Nozzles, Caps, and Control Heads and Suppressors. Fire Detectors and Control Panels segment is expected to hold the largest market share of xx% by 2029. Water is directly stored in pipes and released by heat-activated sprinkler heads in wet pipe fire sprinklers. When the fire sprinkler heads open, this sort of fire sprinkler can activate immediately and without any delay. A dry pipe sprinkler system is connected to a piping system that transports nitrogen gas or compressed air instead of water. Sprinkler systems using dry pipes are typically placed in places where wet pipe systems might not be appropriate. For instance, these are frequently installed in industrial warehouses, residential attics, parking lots for both commercial and residential use, loading docks, and commercial freezers. The commercial sector and high-hazard industrial sector both have pre-action fire sprinkler systems installed. A deluge fire sprinkler system functions similarly to a pre-action system. Fire Sprinklers, Nozzles, Caps, and Control Heads segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The four different kinds of fire sprinkler systems are wet pipe, dry pipe, pre-action, and deluge. Each of these techniques contributes to limiting fire damage and preventing the spread of flames. These types of fire sprinkler systems differ primarily in their applications and activation mechanisms. Compared to other fire sprinkler system types, automatic wet pipe systems are more frequently specified and implemented. These systems use water-filled piping systems with automatic sprinklers attached that are linked to a water source. Sprinklers that independently open in response to heat from a fire release water instantaneously. Internal corrosion rates are significantly lower in wet pipe systems (as piping is constantly full of water and the amount of oxygen available for corrosion to occur is lower). As a result, there are fewer chances of pinhole pipe leaks or other types of corrosion damage happening. Based on the Suppression Reagent, the market is segmented into Chemical, Gaseous, Water, and Foam. Gaseous Suppression Reagent segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The market for gaseous suppression is expected to be dominated by FM 200 clean agent systems. Clean agent fire suppression systems work promptly and without the use of water or greasy residue, which could endanger precious items. The systems employ a gaseous substance to spread fires in order to lessen fire damage. Manufacturing facilities, data centres, medical offices, IT rooms, chemical storage facilities, museums, etc. are perfect places for clean agent fire suppression systems. Based on the Sector, the market is segmented into Residential, Commercial, and Industrial. Industrial sector segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. During the forecast period, the mining and oil & gas industries are expected to hold the largest market share. Due to the severe conditions and distant locations, fire outbreaks at offshore oil platforms, oil pumping stations, refineries, gasoline storage tanks, compressor stations, gas processing plants, and liquefied natural gas receiving facilities may become uncontrollable.
Fire Suppression Market Regional Insights:The North American region is expected to dominate the Fire Suppression Market during the forecast period 2022-2029. The North American region is expected to hold the largest market share of xx% by 2029. The US government's initiatives to promote the industry as well as the growing need for enhanced safety products are the main market drivers. A resolution requiring the installation of fire sprinklers in the city's new single- and multi-family residences was approved by the Las Vegas City Council in 2018. The "2015 International Residential Code," which mandates the installation of automatic fire sprinklers in new 1- and 2-family homes, was also adopted by the Maryland Department of Housing and Community Development (US). In addition, fire sprinklers are now required in new residences larger than 4,500 square feet, according to Minnesota's Department of Labor and Industry (US), effective in January 2015. The adoption of fire suppression systems in the US is expected to grow as a result of all these regulatory regulations. Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2029. The increase can be attributed to rising consumer knowledge of fire safety and an increase in construction activity in developing nations like China and India. Furthermore, the adoption of fire suppression in Asia Pacific is expected to be driven by the rising demand for smart buildings and intelligent home automation systems, which provide the highest level of safety and security. Furthermore, there is a rising need for the installation of fire suppression systems in the region due to increased awareness regarding how to prevent abrupt fire mishaps in commercial structures like hotels, schools, and hospitals. The objective of the report is to present a comprehensive analysis of the Fire Suppression Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Fire Suppression Market dynamic and structure by analyzing the market segments and projecting the Global Fire Suppression Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Fire Suppression Market make the report investor’s guide.
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Global Fire Suppression Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 25.8 Bn. Forecast Period 2023 to 2029 CAGR: 5.12% Market Size in 2029: US $ 36.6 Bn. Segments Covered: by Product Fire Detectors and Control Panels Sprinklers, Nozzles, Caps, and Control Heads Suppressors by Suppression Reagent Chemical Gaseous Water Foam by Sector Residential Commercial Industrial
Fire Suppression Market, by RegionNorth America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Fire Suppression Market Key Players1. Johnson Controls 2. United Technologies 3. Robert Bosch 4. Siemens 5. Halma 6. Hochiki 7. Firefly 8. Honeywell 9. Minimax Viking 10. S&S Fire Suppression Systems 11. Encore Fire Protection 12. Noha Norway 13. Sterling Safety Systems 14. Fireprotec 15. Consilium AB 16. Semco Maritime A/S 17. Marioff Corporation 18. Knowsley SK Ltd 19. Gentex Corporation 20. VT MAK 21. Tyco 22. Cooper Wheelock 23. Napco Security Company Inc. Frequently Asked Questions: 1] Which region is expected to hold the highest share in the Market? Ans. The North American region is expected to hold the highest share in the Market. 2] Who are the top key players in the Market? Ans. Johnson Controls, United Technologies, Robert Bosch, Siemens, Halma, Hochiki, Firefly, and Honeywell are the top key players in the Market. 3] Which segment is expected to hold the largest market share in the Market by 2029? Ans. Fire Detectors and Control Panels segment is expected to hold the largest market share in the Market by 2029. 4] What is the market size of the Market by 2029? Ans. The market size of the Market is expected to reach US $36.6 Bn. by 2029. 5] What was the market size of the Market in 2022? Ans. The market size of the Fire Suppression Market was worth US 25.8 Bn. in 2022.
1. Global Fire Suppression Market: Research Methodology 2. Global Fire Suppression Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to the Global Fire Suppression Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Fire Suppression Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Fire Suppression Market Segmentation 4.1 Global Fire Suppression Market, by Product (2022-2029) • Fire Detectors and Control Panels • Fire Sprinklers, Nozzles, Caps, and Control Heads • Fire Suppressors 4.2 Global Fire Suppression Market, by Suppression Reagent (2022-2029) • Chemical • Gaseous • Water • Foam 4.3 Global Fire Suppression Market, by Sector (2022-2029) • Residential • Commercial • Industrial 5. North America Fire Suppression Market (2022-2029) 5.1 North America Fire Suppression Market, by Product (2022-2029) • Fire Detectors and Control Panels • Fire Sprinklers, Nozzles, Caps, and Control Heads • Fire Suppressors 5.2 North America Fire Suppression Market, by Suppression Reagent (2022-2029) • Chemical • Gaseous • Water • Foam 5.3 North America Fire Suppression Market, by Sector (2022-2029) • Residential • Commercial • Industrial 5.4 North America Fire Suppression Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Fire Suppression Market (2022-2029) 6.1. Europe Fire Suppression Market, by Product (2022-2029) 6.2. Europe Fire Suppression Market, by Suppression Reagent (2022-2029) 6.3. Europe Fire Suppression Market, by Sector (2022-2029) 6.4. Europe Fire Suppression Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Fire Suppression Market (2022-2029) 7.1. Asia Pacific Fire Suppression Market, by Product (2022-2029) 7.2. Asia Pacific Fire Suppression Market, by Suppression Reagent (2022-2029) 7.3. Asia Pacific Fire Suppression Market, by Sector (2022-2029) 7.4. Asia Pacific Fire Suppression Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. South America Fire Suppression Market (2022-2029) 8.1. South America Fire Suppression Market, by Product (2022-2029) 8.2. South America Fire Suppression Market, by Suppression Reagent (2022-2029) 8.3. South America Fire Suppression Market, by Sector (2022-2029) 8.4. South America Fire Suppression Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 9. Middle East and Africa Fire Suppression Market (2022-2029) 9.1 Middle East and Africa Fire Suppression Market, by Product (2022-2029) 9.2. Middle East and Africa Fire Suppression Market, by Suppression Reagent (2022-2029) 9.3. Middle East and Africa Fire Suppression Market, by Sector (2022-2029) 9.4. Middle East and Africa Fire Suppression Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 10. Company Profile: Key players 10.1 Johnson Controls 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 United Technologies 10.3 Robert Bosch 10.4 Siemens 10.5 Halma 10.6 Hochiki 10.7 Firefly 10.8 Honeywell 10.9 Minimax Viking 10.10 S&S Fire Suppression Systems 10.11 Encore Fire Protection 10.12 Noha Norway 10.13 Sterling Safety Systems 10.14 Fireprotec 10.15 Consilium AB 10.16 Semco Maritime A/S 10.17 Marioff Corporation 10.18 Knowsley SK Ltd 10.19 Gentex Corporation 10.20 VT MAK 10.21 Tyco 10.22 Cooper Wheelock 10.23 Napco Security Company Inc.