Global Fire Suppression Systems Market Growth 2023-2029

Global Fire Suppression Systems Market Growth 2023-2029

Fire suppression systems are used to extinguish or prevent the spread of fire in a building. Suppression systems use a combination of dry chemicals and/or wet agents to suppress equipment fires.

LPI (LP Information)' newest research report, the “Fire Suppression Systems Industry Forecast” looks at past sales and reviews total world Fire Suppression Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Fire Suppression Systems sales for 2023 through 2029. With Fire Suppression Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fire Suppression Systems industry.

This Insight Report provides a comprehensive analysis of the global Fire Suppression Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fire Suppression Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Fire Suppression Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fire Suppression Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fire Suppression Systems.

The global Fire Suppression Systems market size is projected to grow from US$ 19740 million in 2022 to US$ 27600 million in 2029; it is expected to grow at a CAGR of 27600 from 2023 to 2029.

Europe accounted for largest market share for fire suppression system owing to stringent government rules and regulations supporting the installation of fire protection system in buildings. Stringent fire safety norms in Norway and UK have also pushed offshore oil and gas operators in the region to increase their investment to improve fire safety arrangements. Asia Pacific contributed to a significant market share owing to considerable growth in building infrastructure and rising investment in offshore development in the region. In addition, rising industrialization in emerging economies like India and China coupled with significant number of floating liquefied natural gas vessels proposed to be setup in Australia is expected to augment the global market for fire suppression system over the forecast period. Increasing oil and gas projects in Brazil and West Africa coupled with preplanned offshore projects initiated by governments of several economies is expected to augment global fire suppression system market growth.

This report presents a comprehensive overview, market shares, and growth opportunities of Fire Suppression Systems market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Chemical
Gaseous
Water
Foam

Segmentation by application
Residential
Commercial
Industrial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Johnson Controls (Ireland)
United Technologies (US)
Robert Bosch (Germany)
Siemens (Germany)
Halma (UK)
Hochiki (Japan)
Firefly (Sweden)
Minimax Viking (Germany)
Honeywell (US)
S&S Fire Suppression Systems (US)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Fire Suppression Systems market?

What factors are driving Fire Suppression Systems market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Fire Suppression Systems market opportunities vary by end market size?

How does Fire Suppression Systems break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.