Powder Fire Suppression Systems Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Region (North America, Europe, Asia Pacific), By Region, And Segment Forecasts, 2024 - 2030

Powder Fire Suppression Systems Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Region (North America, Europe, Asia Pacific), By Region, And Segment Forecasts, 2024 - 2030


Powder Fire Suppression Systems Market Growth & Trends

The global powder fire suppression systems market size is anticipated to reach USD 6.17 billion by 2030 and is projected to grow at a CAGR of 4.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing population and rising demand for the residential sector are likely to augment the installation of new powder fire suppression systems in the residential segment over the forecast period.

The high-rise building construction projects around the world have been rising rapidly owing to the growing demand from the residential and commercial sectors. According to the report issued by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development in May 2024, the seasonally adjusted annual rate for new privately-owned residential building construction stood at 1,360,000, marking a 5.7% increase from the revised estimate of 1,287,000 in March. Such a high number of residential housing construction is likely to generate demand for effective fire suppression systems.

The rising industrial output and manufacturing activities worldwide are contributing to the market growth. Industries such as automotive, chemical, oil and gas, mining, textile, electronics, and power and electricity are continuously growing at a robust rate. These industries deal with flammable substances on a daily basis, which makes them more susceptible to fire hazards.

The rising government initiatives and the upgradation of fire safety rules and regulations are likely to have a positive impact on the market growth. For example, the National Fire Research Laboratory (NFRL) at the National Institute of Standards and Technology (NIST), Maryland, U.S., provides a collaborative opportunity for industry experts, government authorities, and researchers to study fire behavior and build structural responses to fire. Such initiatives are anticipated to drive innovation activities for new technologies and techniques for fire suppression systems intended for manufacturing and other sectors.

Rising industrial output and manufacturing activities across the world are contributing to the market growth. With economic growth and rising disposable income, consumer spending on various commodities and goods is constantly rising. This rising demand ultimately creates an upsurge in the growth of industrial manufacturing, which is expected to propel the demand for powder fire suppression systems over the forecast period.

The market is witnessing rapid growth with the deployment of AI-assisted and cloud-based fire detection and suppression technologies. With the increasing use of synthetic materials such as acrylic, polyester, and nylon, which are highly flammable and burn vigorously, the need for powder fire suppression systems is rising across the world. In addition to that, the growing adoption of electric vehicles to control greenhouse gas emissions is expected to boost the use of lithium-ion batteries. This requires specialist dry powder fire extinguishers such as L2 powder extinguishers.

Powder Fire Suppression Systems Market Report Highlights
  • Based on application, the industrial segment led the market with the largest revenue share of 44.8% in 2023. This is significantly attributed to the established regulation and higher implementation of safety protocols for the industrial sector
  • The residential segment is expected to grow at a lucrative CAGR of 5.6% over the forecast period, owing to the increasing construction of high-rise buildings and growing regulations
  • North America accounted for the majority of the market revenue share of 45.6% in 2023. This is attributed to the higher implementation of stringent regulations and greater consumer awareness
  • Asia Pacific is anticipated to grow at the fastest CAGR of 6.7% during the forecast period. The rising population and growing industrial output, coupled with the development of strong regulations, are likely to augment the demand for powder fire suppression systems
  • In March 2024, Carrier Global Corporation, a prominent company specializing in smart climate and energy solutions, announced that it has reached a final agreement to divest its industrial fire business division to Sentinel Capital Partners at an enterprise value of USD 1.42 billion
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Information Analysis
1.4.2. Market Formulation & Data Visualization
1.4.3. Data Validation & Publishing
1.5. Research Scope & Assumptions
1.5.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segmental Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Powder Fire Suppression Systems Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.3.1. Raw Material Outlook
3.3.2. Manufacturers & System Integrators
3.3.3. Distribution Outlook
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Challenge Analysis
3.6. Industry Analysis Tools
3.6.1. Porter’s Analysis
3.6.2. Macroeconomic Analysis
3.6.3. Pricing Analysis
3.7. COVID-19 Impact Analysis
3.8. Major Deal & Strategic Alliances Analysis
3.9. Go-To-Market Strategy
Chapter 4. Powder Fire Suppression Systems Market: Application Estimates & Trend Analysis
4.1. Application Analysis & Market Share, 2022 & 2030
4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.2. Residential
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3. Commercial
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4. Industrial
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.2. Automotive
4.4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.2.2. Paint Booths
4.4.2.2.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.2.3. Inflammable Liquid Storage
4.4.2.3.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.2.4. Others
4.4.2.4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.3. Chemical
4.4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.4. Oil & Gas
4.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.5. Power Generation
4.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.6. Aviation
4.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.7. Mining
4.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4.8. Others
4.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Powder Fire Suppression Systems Market: Regional Estimates & Trend Analysis
5.1. Regional Market Snapshot
5.2. North America
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.2.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.2.3. U.S.
5.2.3.1. Key Country Dynamics
5.2.3.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.2.4. Canada
5.2.4.1. Key Country Dynamics
5.2.4.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.2.5. Mexico
5.2.5.1. Key Country Dynamics
5.2.5.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.3. Europe
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.3.3. France
5.3.3.1. Key Country Dynamics
5.3.3.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.3.4. Germany
5.3.4.1. Key Country Dynamics
5.3.4.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.3.5. UK
5.3.5.1. Key Country Dynamics
5.3.5.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.3.6. Spain
5.3.6.1. Key Country Dynamics
5.3.6.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.3.7. Italy
5.3.7.1. Key Country Dynamics
5.3.7.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.4. Asia Pacific
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.4.3. China
5.4.3.1. Key Country Dynamics
5.4.3.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.4.4. India
5.4.4.1. Key Country Dynamics
5.4.4.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.4.5. Japan
5.4.5.1. Key Country Dynamics
5.4.5.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.4.6. South Korea
5.4.6.1. Key Country Dynamics
5.4.6.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.4.7. Australia
5.4.7.1. Key Country Dynamics
5.4.7.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.5. Central & South America
5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.5.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.5.3. Argentina
5.5.3.1. Key Country Dynamics
5.5.3.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.5.4. Brazil
5.5.4.1. Key Country Dynamics
5.5.4.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.6. Middle East & Africa
5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.6.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.6.3. Saudi Arabia
5.6.3.1. Key Country Dynamics
5.6.3.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.6.4. South Africa
5.6.4.1. Key Country Dynamics
5.6.4.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
5.6.5. Application
5.6.5.1. Key Country Dynamics
5.6.5.2. Market estimates and forecasts, By application, 2018 - 2030 (USD Million)
Chapter 6. Powder Fire Suppression Systems Market - Competitive Analysis
6.1. Recent Developments & Impact Analysis by Key Market Participants
6.2. Company Categorization
6.3. Company Market Positioning
6.4. Company Market Share Analysis, 2023
6.5. Company Heat Map Analysis, 2023
6.6. Competitive Dashboard Analysis
6.7. Strategy Mapping
6.8. Company Profiles
6.8.1. Johnson Controls
6.8.1.1. Participant’s Overview
6.8.1.2. Financial Performance
6.8.1.3. Product Benchmarking
6.8.1.4. Recent Developments
6.8.2. Carrier
6.8.2.1. Participant’s Overview
6.8.2.2. Financial Performance
6.8.2.3. Product Benchmarking
6.8.2.4. Recent Developments
6.8.3. Reliable Fire & Security
6.8.3.1. Participant’s Overview
6.8.3.2. Financial Performance
6.8.3.3. Product Benchmarking
6.8.3.4. Recent Developments
6.8.4. Koorsen Fire & Security
6.8.4.1. Participant’s Overview
6.8.4.2. Financial Performance
6.8.4.3. Product Benchmarking
6.8.4.4. Recent Developments
6.8.5. Gielle Group
6.8.5.1. Participant’s Overview
6.8.5.2. Financial Performance
6.8.5.3. Product Benchmarking
6.8.5.4. Recent Developments
6.8.6. Afex Fire Suppression Systems
6.8.6.1. Participant’s Overview
6.8.6.2. Financial Performance
6.8.6.3. Product Benchmarking
6.8.6.4. Recent Developments
6.8.7. American Fire Technologies
6.8.7.1. Participant’s Overview
6.8.7.2. Financial Performance
6.8.7.3. Product Benchmarking
6.8.7.4. Recent Developments
6.8.8. Fireaway Inc.
6.8.8.1. Participant’s Overview
6.8.8.2. Financial Performance
6.8.8.3. Product Benchmarking
6.8.8.4. Recent Developments
6.8.9. Buckeye Fire
6.8.9.1. Participant’s Overview
6.8.9.2. Financial Performance
6.8.9.3. Product Benchmarking
6.8.9.4. Recent Developments
6.8.10. Amerex Corporation
6.8.10.1. Participant’s Overview
6.8.10.2. Financial Performance
6.8.10.3. Product Benchmarking
6.8.10.4. Recent Developments
6.8.11. AKRONEX International Fire Engineering Inc.
6.8.11.1. Participant’s Overview
6.8.11.2. Financial Performance
6.8.11.3. Product Benchmarking
6.8.11.4. Recent Developments
6.8.12. SIEX
6.8.12.1. Participant’s Overview
6.8.12.2. Financial Performance
6.8.12.3. Product Benchmarking
6.8.12.4. Recent Developments
6.8.13. Hochiki Corporation
6.8.13.1. Participant’s Overview
6.8.13.2. Financial Performance
6.8.13.3. Product Benchmarking
6.8.13.4. Recent Developments
6.8.14. NAFFCO FZCO
6.8.14.1. Participant’s Overview
6.8.14.2. Financial Performance
6.8.14.3. Product Benchmarking
6.8.14.4. Recent Developments
6.8.15. Halma plc
6.8.15.1. Participant’s Overview
6.8.15.2. Financial Performance
6.8.15.3. Product Benchmarking
6.8.15.4. Recent Developments

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