Global Fire Suppression Systems Market to Reach $26.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Fire Suppression Systems estimated at US$19 Billion in the year 2020, is projected to reach a revised size of US$26.6 Billion by 2027, growing at a CAGR of 4.9% over the period 2020-2027. Dry Chemical-Based, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$10.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Water-Based segment is readjusted to a revised 4.6% CAGR for the next 7-year period.The U.S. Market is Estimated at $5.6 Billion, While China is Forecast to Grow at 6.7% CAGR
The Fire Suppression Systems market in the U.S. is estimated at US$5.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2027 trailing a CAGR of 6.7% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3 Billion by the year 2027.Other Product Types Segment to Record 4.3% CAGR
In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.9 Billion in the year 2020 will reach a projected size of US$6.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.9% CAGR through the analysis period.Select Competitors (Total 332 Featured)
- AFEX Fire Suppression Systems
- APi Group Inc.
- Carrier Global Corporation
- Chubb Fire & Security Ltd. Kidde Fire Systems
- Marioff Corporation Oy
- Eusebi Impianti s.r.l
- Fike Corporation
- Fireboy®- Xintex® LLC
- Halma plc
- Hochiki Corporation
- Johnson Controls International Plc
- Jomarr Products, Inc.
- Minimax GmbH & Co. KG
- NAFFCO FZCO
- Semco Maritime A/S
- Siemens Building Technologies
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 771 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 19 Billion |
Forecasted Market Value ( USD | $ 26.6 Billion |
Compound Annual Growth Rate | 4.9% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAFRANCEGERMANYITALYSPAINRUSSIAREST OF EUROPEASIA-PACIFICAUSTRALIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICA
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
UNITED KINGDOM
INDIA
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- AFEX Fire Suppression Systems
- APi Group Inc.
- Carrier Global Corporation
- Chubb Fire & Security Ltd. Kidde Fire Systems
- Marioff Corporation Oy
- Eusebi Impianti s.r.l
- Fike Corporation
- Fireboy®- Xintex® LLC
- Halma plc
- Hochiki Corporation
- Johnson Controls International Plc
- Jomarr Products, Inc.
- Minimax GmbH & Co. KG
- NAFFCO FZCO
- Semco Maritime A/S
- Siemens Building Technologies