Global Fire Suppression Systems Strategic Market Report 2023-2030: Market is Poised to Grow by $9.1 Billion - Smart Systems Evolve to Rejuvenate Growth
Sunday, April 16, 2023
DUBLIN, Feb. 17, 2023 /PRNewswire/ -- The "Fire Suppression Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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Global Fire Suppression Systems Market to Reach $28.8 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Fire Suppression Systems estimated at US$19.7 Billion in the year 2022, is projected to reach a revised size of US$28.8 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.
Dry Chemical-Based, one of the segments analyzed in the report, is projected to record a 5.4% CAGR and reach US$11.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Water-Based segment is readjusted to a revised 4.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.8 Billion, While China is Forecast to Grow at 6.3% CAGR
The Fire Suppression Systems market in the U.S. is estimated at US$5.8 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.3 Billion by the year 2030.
What`s New for 2023?
-- Special coverage on Russia-Ukraine war; global inflation; easing of
zero-Covid policy in China and its `bumpy` reopening; supply chain
disruptions, global trade tensions; and risk of recession.
-- Global competitiveness and key competitor percentage market shares
-- Market presence across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and Research Platform
-- Complimentary updates for one year
Key Topics Covered:
MARKET OVERVIEW
-- Drop in Construction Activity and Slowdown in End-Use Market Impacts
Demand for Fire Suppression Systems Business
-- COVID-19 Pandemic: A Double-Edged Sword for Fire Industry with Future
Ramifications
-- Competition
-- Manufacturers Focus on End-to-End Support Services
-- Asian Companies Seek to Expand Business Footprint
-- Competitive Market Presence - Strong/Active/Niche for Players Worldwide
in 2023 (E)
-- Recent Market Activity
-- World Brands
-- Fire Safety & Security: An Introductory Prelude
-- Manual & Automatic Technologies for Comprehensive Fire Safety Strategy:
A Snapshot
-- Fire Suppression Systems: An Introduction
-- Types of Fire Suppression Systems
-- Global Market Outlook
-- Regional Landscape
MARKET TRENDS & DRIVERS
-- Fire Safety Equipment Gain Traction as Safety and Security become Top
Priorities Among Property Owners
-- Rising Investments in Real Estate Projects Extend New Opportunities
-- Implementation of Stringent Regulations and Policies Boost Growth
-- Innovations Drive Momentum in Fire Suppression Market
-- Sustainable Technologies Gain Spotlight
-- Smart Systems Evolve to Rejuvenate Growth
-- Next-Generation Smoke Detectors
-- Fire Protection Systems Get More Potent with Amazing Innovations
-- Fire Safety & Suppression Systems Become Hotter with Latest Technology
Trends
-- Smart Technology Innovation Takes the Fire Protection Industry by Storm
-- Signage, Sensors & Communication as Key Pillars of Fire Detection System
Trends
-- Innovative Fire Safety Applications in Pipes
-- Electrification, Automation & Integration as Mega Trends in Fire Pumps
Domain
-- High-Rise, Modular Buildings Drive Space-Saving Innovations in Fire
Suppression Market
-- IoT Gains Prominence in Fire Suppression Technologies
-- Automatic Fire Extinguishing Systems Best for Heavy Machinery Protection
-- Fire Suppression Systems Remain Crucial to Prevent Major Service
Interruptions in Modern Data Center Operations
-- Expanding Role of Fire Protection Engineering in Building Architecture
Generates Opportunities
-- Water Based Systems: A Prominent Market Segment
-- Wet Pipe Systems Continue to Widen Audience Base
-- Dry Pipe Systems Ideal for Structures Characterized by Sub-Zero
Temperatures
-- Design, Functional & Cost Limitations Hamper Adoption of Dry Pipe
Systems
-- Pre-Action Systems Gain Traction in Water-Leakage Sensitive Environments
-- Deluge Sprinkler Systems for High-Hazard Sites
-- Water Mist Systems Burn Bright in Fire Safety Technology Industry
-- New Watermist Technologies Improve Fire Safety
-- Gaseous Fire Suppression for Cleaner and Effective Suppression of Fire
-- Select Gaseous Fire Suppression Agents by Mechanism Type: A Snapshot
-- F-Gas Regulation Curtail HFC-based Gaseous Systems
-- CO2 Systems for Fast, Highly Adaptive, Non-Damaging & Eco-Friendly Fire
Suppression
-- PFAS Free Foams to Increasingly Replace PFAS Based Foams in Fire
Suppression Systems for Industrial Facilities
-- Specialty Systems Aim to Expand Market Share
-- Clean Agents Make Rapid Progress
-- Emerging IoT Technologies Enhance Fire Safety in Smart Cities
-- Growing Popularity of Smart Buildings Bodes Well for Modernization of
Fire Safety Systems
-- High Thrust on Building Automation Augments Market Prospects
-- Technologies Used in Building Automation Systems (BAS) by Application
Area: A Snapshot
-- Growing Adoption of Smart Homes Drive Installation of Smart Fire
suppression Systems
-- Hospitals Integrate Fire Suppression in Building Security Mix
-- Healthcare Facility Requirements Drive Demand for Advanced Systems
-- Fire Suppression Systems Experience Increasing Demand in Commercial
Kitchens
-- Fire Suppression Systems Assume Critical Importance in Industrial
Manufacturing Sites
-- Warehouses & Logistics Sites Prioritize Fire Suppression to Avoid
Inventory Losses
-- Flammable Nature of Hydrocarbons Necessitates Fire Suppression in Oil &
Gas Facilities
-- Museums, Historic Buildings & Heritage Sites Extend Potential
Opportunities
-- Potential Opportunities in the Transportation Sector
-- Major Fire Safety Risks at Ports and Docks
-- Fire Suppression Systems Seek Role in the Airport Security Mix
-- Education Sector: A Lucrative End-Use Sector
-- Urbanization Remains a Fundamental Growth Driver
FOCUS ON SELECT PLAYERS (Total 229 Featured)
-- AFEX Fire Suppression Systems
-- APi Group Inc.
-- Carrier Global Corporation
-- Chubb Fire & Security Ltd. Kidde Fire Systems
-- Marioff Corporation Oy
-- Eusebi Impianti s.r.l
-- Fike Corporation
-- Fireboy- Xintex LLC
-- Halma plc
-- Hochiki Corporation
-- Johnson Controls International Plc
-- Jomarr Products, Inc.
-- Minimax GmbH & Co. KG
-- NAFFCO FZCO
-- Semco Maritime A/S
-- Siemens Building Technologies
For more information about this report visit https://www.researchandmarkets.com/r/zdyyqi
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