Market Analysis and Insights: Global Water Mist Fire Extinguishing System Market
Due to the COVID-19 pandemic, the global Water Mist Fire Extinguishing System market size is estimated to be worth US$ 1095.30 million in 2022 and is forecast to a readjusted size of US$ 1420.35 million by 2028 with a CAGR of 4.43% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, High Pressure Water Mist System accounting for 80.06% of the Water Mist Fire Extinguishing System global market in 2021, is projected to value US$ 1200.76 million by 2028, growing at a revised 5.23% CAGR from 2022 to 2028. While Factories segment is altered to an 4.80% CAGR throughout this forecast period.
North America Water Mist Fire Extinguishing System market size was US$ 244.86 million in 2021, while Europe was US$ 364.88 million. The proportion of the North America was 25.39% in 2021, while Europe’s percentage was 37.83%, and it is predicted that Europe market share will reach 37.33% in 2028, trailing a CAGR of 4.23% through the analysis period. As for the Asia, the notable markets are Japan and China, CAGR is 2.66% and 7.01% respectively for the next 6-year period.
The global major manufacturers of Water Mist Fire Extinguishing System include Danfoss, Carrier, Yamato Protec, Watermist, FOGTEC, Securiplex, Valvitalia, Aquasys, and Tri-Parulex, etc. In terms of revenue, the global three largest players hold a 35.85% market share of Water Mist Fire Extinguishing System in 2021.
Global Water Mist Fire Extinguishing System Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Water Mist Fire Extinguishing System Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
Danfoss
Carrier
Yamato Protec
Watermist
FOGTEC
Securiplex
Valvitalia
Aquasys
Tri-Parulex
Chuan Yen Tech
Survitec Group
Ultra Fog
VID Fire-Kill
Hydrocore
Johnson Controls
Fike Corporation
Henan HPS
Shanghai Tongtai
Jian'an Fire Equipment
Jiangsu Gongan Fire Equipment
Segment by Type
High Pressure Water Mist System
Medium and Low Pressure Water Mist System
Segment by Application
Public Buildings
Factories
Transportation
Energy
Schools and Universities
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Australia
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
South America
Mexico
Brazil
Rest of South America
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook