Leading Fire Suppression System Country Markets Databank
The Fire Suppression System market was valued at $16,230.0 Million in 2020, and is projected to reach $31,008.1 Million by 2029 growing at a CAGR of 7.51% from 2021 to 2029. Asia-Pacific is expected to be the highest contributor to this market, with $6,102.5 Million in 2020, and is anticipated to reach $13,218.2 Million by 2029, registering a CAGR of 9.01%. Asia-Pacific and North America collectively expected to account for about 66.0% share of the Fire Suppression System market in 2020, with the former constituting around 37.6% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 9.01% and 7.82% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 62.9% in the overall Fire Suppression System market in 2020, and is anticipated to reach 68.6% by 2029.
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