Global Fire Suppression Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Fire Suppression Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A concentrated aerosol fire extinguisher is a particle-based fire extinguisher that uses very fine solid particles and gaseous substances as extinguishing agents. When an aerosol is ignited by electricity or heat, a mixture of combustion by-products and gases are produced, which are mixed to form a uniform fire-extinguishing aerosol, which is then released into the protected area. Hot aerosols propel themselves through a unique solid chemical coolant that breaks down and absorbs large amounts of heat, ensuring flameless emissions and even distribution of cold aerosols across the area, reaching even the most secluded and shielded locations, helping to prevent The fire from rekindling. Thus, the purpose of effective fire extinguishing can be achieved.

Market Overview:

The latest research study on the global Fire Suppression market finds that the global Fire Suppression market reached a value of USD 213.51 million in 2023. It’s expected that the market will achieve USD 365.02 million by 2029, exhibiting a CAGR of 9.35% during the forecast period.

NFPA 2010

The Fixed Aerosol Fire Suppression Systems Standard is the primary standard used for the design, installation and maintenance of fixed aerosol systems. This standard contains minimum requirements for fixed aerosol fire extinguishing systems. It is intended for use by those who purchase, design, install, test, inspect, approve, list, operate, and maintain fixed aerosol fire-extinguishing systems so that such equipment will function as intended throughout its life.

NFPA’s 2021 report, Fire Safety in the United States since 1980, focuses on residential fires. The report shows that between 1980 and 2018:

The number of reported home fires, including those in single-family homes, duplexes and apartments, dropped by nearly half (from 734,000 to 363,000).

Annual deaths fell by 48% (5,200 vs. 2,720).

Annual home fire-related injuries fell 43% (19,700 vs. 11,200).

The decline in residential property losses was much smaller, but still decreased by 8% (from $8.7 billion to $8.0 billion, adjusted for inflation).

For 100 years, NFPA has been encouraging fire safety through its sponsorship of National Fire Prevention Week. These data indicate that the government is encouraging people to increase their fire safety awareness, and people are increasingly paying attention to minimizing the loss of property and people caused by fire incidents. Therefore, the increasing fire safety awareness among people has stimulated the demand for Condensed Aerosol Fire Extinguishers.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects
In 2022, the share of the Fire Suppression market in North America stood at 32.34%.

Company Overview:

FirePro (Halma) is one of the major players operating in the Fire Suppression market, holding a share of 11.18% in 2023.

FirePro (Halma), Fireaway, DSPA, RSL Fire and Pyrogen are the five key players in the global Fire Suppression market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global FirePro (Halma) market in the past 5 years.

Segmentation Overview:

Among different product types, K Type Aerosol Fire Extinguisher segment is anticipated to contribute the largest market share in 2028.

By type, K Type Aerosol Fire Extinguisher segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Transportation and Logistics Industry segment occupied the biggest share from 2018 to 2022.

The market's largest segment by application is the segment Transportation and Logistics Industry, with a market share of 19.97% in 2022.

Key Companies in the global Fire Suppression market covered in Chapter 3:

Mobiak
Ogniochron
Presto
ANAF S.p.A.
Tianguang
KANEX
Minimax
UTC
Tyco Fire Protection
Protec Fire Detection
Amerex
Feuerschutz Jockel GmbH
Sureland
MB
Longcheng
Nanjing Jiangpu
Cervinka
Reje Safe
HATSUTA SEISAKUSHO
BAVARIA
Yamatoprotect
Lichfield Fire & Safety Equipment
Gielle Group
Tianyi
Pastor
BRK
NDC
Desautel

In Chapter 4 and Chapter 14.2, on the basis of types, the Fire Suppression market from 2019 to 2030 is primarily split into:

Dry Chemical Fire Suppression
Foam Fire Suppression
CO2 Fire Suppression
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fire Suppression market from 2019 to 2030 covers:

Residential
Commercial
Industrial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)