Fire Suppression Systems - Global Market Trajectory & Analytics

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

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