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Fire Suppression Systems - Global Market Trajectory & Analytics

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    Report

  • 771 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 835002

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
Frequently Asked Questions about the Global Market for Fire Suppression Systems

What is the estimated value of the Global Market for Fire Suppression Systems?

The Global Market for Fire Suppression Systems was estimated to be valued at $19 Billion in 2020.

What is the growth rate of the Global Market for Fire Suppression Systems?

The growth rate of the Global Market for Fire Suppression Systems is 4.9%, with an estimated value of $26.6 Billion by 2027.

What is the forecasted size of the Global Market for Fire Suppression Systems?

The Global Market for Fire Suppression Systems is estimated to be worth $26.6 Billion by 2027.

Who are the key companies in the Global Market for Fire Suppression Systems?

Key companies in the Global Market for Fire Suppression Systems include 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® and Halma plc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Year 2021 in Review and Near Term Outlook
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2023
  • Drop in Construction Activity and Slowdown in End-Use Market Impacts Demand for Fire Suppression Systems Business
  • Exhibit 2: Global Construction Spending (in US$ Trillion) for the Years 2020-2028
  • COVID-19 Pandemic: A Double-Edged Sword for Fire Industry with Future Ramifications
  • Competition
  • Manufacturers Focus on End-to-End Support Services
  • Exhibit 3: Fire Suppression Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Asian Companies Seek to Expand Business Footprint
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 249 Players Worldwide in 2022 (E)
  • Recent Market Activity
  • World Brands
  • Fire Safety & Security: An Introductory Prelude
  • Manual & Automatic Technologies for Comprehensive Fire Safety Strategy: A Snapshot
  • Fire Suppression Systems: An Introduction
  • Types of Fire Suppression Systems
  • Global Market Outlook
  • Regional Landscape
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Fire Safety Equipment Gain Traction as Safety and Security become Top Priorities Among Property Owners
  • Exhibit 4: Percentage Distribution of Causes of Fire: 2020
  • Exhibit 5: Property Damage (In US$ Billion) in the US Caused by Structure Fires for the Years 2010-2020
  • Exhibit 6: Breakdown of Structure Fires by Property Type in the US (2020)
  • Rising Investments in Real Estate Projects Extend New Opportunities
  • Implementation of Stringent Regulations and Policies Boost Growth
  • Innovations Drive Momentum in Fire Suppression Market
  • Sustainable Technologies Gain Spotlight
  • Smart Systems Evolve to Rejuvenate Growth
  • Next-Generation Smoke Detectors
  • Innovative Fire Safety Applications in Pipes
  • High-Rise, Modular Buildings Drive Space-Saving Innovations in Fire Suppression Market
  • Exhibit 7: Completions of 200-Meter-Plus Buildings: 2010-2021
  • IoT Gains Prominence in Fire Suppression Technologies
  • Automatic Fire Extinguishing Systems Best for Heavy Machinery Protection
  • Fire Suppression Systems Remain Crucial to Prevent Major Service Interruptions in Modern Data Center Operations
  • Exhibit 8: Global Data Center Storage Capacity: Amount of Data Stored in Data Centers (in Exabytes) for the Years 2015, 2017, 2019 and 2021
  • Expanding Role of Fire Protection Engineering in Building Architecture Generates Opportunities
  • Water Based Systems: A Prominent Market Segment
  • Wet Pipe Systems Continue to Widen Audience Base
  • Dry Pipe Systems Ideal for Structures Characterized by Sub-Zero Temperatures
  • Design, Functional & Cost Limitations Hamper Adoption of Dry Pipe Systems
  • Pre-Action Systems Gain Traction in Water-Leakage Sensitive Environments
  • Deluge Sprinkler Systems for High-Hazard Sites
  • Water Mist Systems Burn Bright in Fire Safety Technology Industry
  • New Watermist Technologies Improve Fire Safety
  • Gaseous Fire Suppression for Cleaner and Effective Suppression of Fire
  • Select Gaseous Fire Suppression Agents by Mechanism Type: A Snapshot
  • F-Gas Regulation Curtail HFC-based Gaseous Systems
  • CO2 Systems for Fast, Highly Adaptive, Non-Damaging & Eco-Friendly Fire Suppression
  • PFAS Free Foams to Increasingly Replace PFAS Based Foams in Fire Suppression Systems for Industrial Facilities
  • Specialty Systems Aim to Expand Market Share
  • Clean Agents Make Rapid Progress
  • Emerging IoT Technologies Enhance Fire Safety in Smart Cities
  • Exhibit 9: Global Smart Cities Market in US$ Billion: 2020, 2022, 2024, and 2026
  • Growing Popularity of Smart Buildings Bodes Well for Modernization of Fire Safety Systems
  • High Thrust on Building Automation Augments Market Prospects
  • Technologies Used in Building Automation Systems (BAS) by Application Area: A Snapshot
  • Growing Adoption of Smart Homes Drive Installation of Smart Fire suppression Systems
  • Exhibit 10: Global Smart Homes Market by Category in US$ Billion for the Years 2020 and 2022
  • Hospitals Integrate Fire Suppression in Building Security Mix
  • Healthcare Facility Requirements Drive Demand for Advanced Systems
  • Fire Suppression Systems Experience Increasing Demand in Commercial Kitchens
  • Fire Suppression Systems Assume Critical Importance in Industrial Manufacturing Sites
  • Warehouses & Logistics Sites Prioritize Fire Suppression to Avoid Inventory Losses
  • Flammable Nature of Hydrocarbons Necessitates Fire Suppression in Oil & Gas Facilities
  • Museums, Historic Buildings & Heritage Sites Extend Potential Opportunities
  • Potential Opportunities in the Transportation Sector
  • Major Fire Safety Risks at Ports and Docks
  • Fire Suppression Systems Seek Role in the Airport Security Mix
  • Education Sector: A Lucrative End-Use Sector
  • Urbanization Remains a Fundamental Growth Driver
  • Exhibit 11: World Urban Population in Million and as Percentage of Total Population for the Period 1950-2050P
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Fire Suppression Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Fire Suppression Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Fire Suppression Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Dry Chemical-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Dry Chemical-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Dry Chemical-Based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Water-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Water-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Water-Based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Fire Suppression Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Exhibit 12: Reported Fires in the US by Type (in Thousand) : 2020
  • Exhibit 13: Number of Reported Fires in the US in Million: 2016-2020
  • Recovery in Construction Sector to Boost Growth
  • Exhibit 14: Total Construction Starts % Change in the US (Jan-July): 2019 Vs 2020
  • Exhibit 15: US Construction Spending by Sector in US$ Million: 2019-2020
  • Sprinkler Systems Gain from Advancements
  • Demand for Water Mist Systems on Rise
  • Market Analytics
CANADA
JAPAN
  • Market Overview
  • Market Analytics
CHINA
  • Market Overview
  • Market Analytics
EUROPE
  • Fire Suppression Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Fire Sprinklers Market
  • Market Analytics
FRANCEGERMANYITALY
UNITED KINGDOM
  • Market Overview
  • Market Analytics
SPAINRUSSIAREST OF EUROPEASIA-PACIFICAUSTRALIA
INDIA
  • Market Overview
  • Market Analytics
SOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICA
IV. COMPETITION
  • Total Companies Profiled: 332

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