Fire Suppression System Market Size, Share & Trends Analysis Report By Product, By Fire Extinguisher Type (Gas, Water, Dry Chemical Powder), By Application (Commercial, Industrial and Residential), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global fire suppression system market size was valued at USD 16.8 billion in 2021 and is expected to witness a CAGR of 4.8% from 2022 to 2030. The growth can be attributed to the growing emphasis on preventing casualties and damage to infrastructure due to fire breakouts and the rising awareness among consumers about the latestfire protection systems. Fire suppression systems can be considered one of the critical systems installed in buildings or establishments. Fire suppression systems play a vital role in safeguarding properties and infrastructure in the event of a fire accident.

COVID-19流行病的爆发和潜艇equent lockdowns in different parts of the world as part of the efforts to arrest the spread of coronavirus has had a moderate impact on the market. The restrictions on the movement of people have particularly delayed the installation of fire suppression systems at various establishments. At the same time, the production of fire suppression equipment has also been affected as the supply chains are disrupted and production activities have been suspended temporarily. Nevertheless, the market is poised for moderate growth over the forecast period as restrictions are gradually relaxed.

增加对消防系统的需求manufacturing units and incumbents of various industries and industry verticals, such as oil and gas, energy, and power, is expected to drive the demand for fire suppression systems over the forecast period. Regulatory mandates regarding the adoption of fire safety standards in the wake of the increasing number of fire accidents across the globe are also anticipated to fuel the adoption of fire suppression systems in residential and commercial establishments. Insurance agencies are also making it mandatory to install fire suppression systems before insuring any building. As a result, fire suppression systems are increasingly being installed in households, residential apartments, hotels, schools, hospitals, restaurants, and offices.

将建设和基础设施发展opment activity and the growing awareness about combating fire hazards bode well for the growth of the market over the forecast period. Aggressive infrastructure development, especially in developed and developing economies, such as India, Japan, France, and the U.K., is particularly expected to drive the adoption of fire suppression systems. On the other hand, advances in technology are driving the demand for intelligent fire suppression systems.

The growing demand for environment-friendly fire suppression systems is expected to open new growth opportunities for the growth of the market. Earlier in 2020, Win Time Technology of Taiwan introduced a revolutionary, eco-friendly fire extinguisher at the annual meet of NoAW (No Agriculture Waste), a European Horizon 2020 research and development project. Later on, the product received widespread recognition from more than 20 countries. Unabated residential, commercial, and industrial construction activities and the strong emphasis and the growing preference for installing environment-friendly fire suppression systems in newly constructed infrastructure bodes well for the growth of the market over the forecast period.

Product Insights

Based on the product, the fire suppression system market has been further segmented into a fire extinguisher and fire sprinkler. The fire extinguisher segment dominated the market in 2021 and accounted for a revenue share of more than 50%. The technological advances in fire safety systems and equipment and the aggressive spending on installing fire safety systems in industrial establishments have been driving the demand for fire extinguishers. Government regulations mandating provisions to safeguard workers from fire accidents have also been fueling the demand for fire extinguishers.

The fire sprinkler segment is anticipated to register the highest CAGR of 8.0 % from 2022 to 2030. The growth of the segment can be attributed to the lower setup costs associated with fire sprinkler systems. Fire sprinklers are preferred for establishments, such as factories, hotels, schools, commercial buildings, and hospitals. Continuous advances in smart home automation technologies and the subsequent launch of intelligent fire detectors and alarm systems, which can send alerts via IP connectivity, are expected to open new growth opportunities for the market over the forecast period.

Fire Extinguisher Type Insights

The dry chemical powder segment dominated the market in 2021 and accounted for a revenue share of more than 30%. Dry chemical powder extinguishers comprise a non-flammable substance that can extinguish different types of fires by forming a layer and cutting off the air supply. They are relatively cost-effective as compared to clean agent extinguishers. The water segment is expected to register the second-highest CAGR from 2022 to 2030. Water is one of the most popularly used fires extinguishing agents. Water is preferred for extinguishing class “A” fires that occur with ordinary solid combustibles, such astextiles, wood,plastics, coal, and paper. In such cases, water can typically penetrate into upholstery and bedding, cool down the fire, and prevent any reignition.

Application Insights

The industrial segment dominated the market and accounted for the largest revenue share of 49.3% in 2021. The industrial segment covers the implementation of fire suppression systems in various industries and industry verticals, such as oil and gas, transportation, energy and power, and manufacturing, among others. Having realized that industrial establishments are at a high risk of fire accidents, incumbents of these industries and industry verticals have been aggressively emphasizing the installation of fire suppression systems to suppress fires within heavy machinery. High investments are involved in installing heavy machinery and hence owners and operators of industrial establishments are putting a strong emphasis on protecting heavy machinery from fire hazards.

Government regulations mandating provisions to ensure the safety of workers are also driving the installation of fire suppression equipment in industrial establishments. The residential segment is expected to register the highest CAGR over the forecast period. Installation of fire sprinkler systems in residential establishments has been gaining significant traction over the past couple of years. The aggressive campaigns being carried out by various public safety associations and prominent manufacturers of fire safety equipment and subsequently, the growing awareness among the end-users to ensure fire safety is expected to drive the growth of the residential segment.

Regional Insights

North America dominated the market for fire suppression systems in 2021. Various governments in North America have drafted stringent rules and regulations mandating the installation of fire suppression systems in buildings. For instance, in the U.S., a fire safety plan is mandatory for all buildings based on the type of occupancy and the use of the building. The plan is devised according to provincial, state, and national fire safety codes. The U.S. is also home to some of the prominent fire suppression system manufacturers, such as Gentex Corporation, and Honeywell International Inc.

In the Asia Pacific, the market for fire suppression systems is expected to register the highest CAGR over the forecast period. The growth can be attributed to the growing awareness about fire safety among end consumers and the growing construction activity in emerging economies, such as China and India. Furthermore, the growing demand for smart buildings and intelligent home automation systems, which deliver optimum safety and security, are expected to drive the adoption of fire suppression systems in Asia Pacific. Moreover, growing awareness regarding prevention from sudden fire accidents in commercial buildings including schools, hotels, and hospitals is driving the demand for the installation of fire suppression systems in the region.

Key Companies & Market Share Insights

Most of these market players are focusing on expanding their business, pursuing various strategic initiatives, and implementing measures to exploit the new growth opportunities emerging in the market. Aggressive research and development activities are particularly allowing the market players to develop advanced solutions integrated with the latest technologies. Some of the prominent players in the fire suppression system market include:

• Gentex Corporation

• Halma PLC

• Hochiki Corporation

• Honeywell International Inc.

• Johnson Controls

• Robert Bosch GmbH

• Siemens AG

• Minimax Viking GmbH

• United Technologies Corporation

Fire Suppression System Market Report Scope

Report Attribute	Details
Market size value in 2022	USD 17.8 billion
Revenue forecast in 2030	USD 25.9 billion
Growth Rate	CAGR of 4.8% from 2022 to 2030
Base year for estimation	2021
Historical data	2017 - 2020
Forecast period	2022 - 2030
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Product, fire extinguisher type, application, region
Regional scope	North America; Europe; Asia Pacific; Latin America; MEA
Country scope	U.S.; Canada; U.K.; Germany; China; Japan; India; Brazil; Mexico
Key companies profiled	Johnson Controls; Robert Bosch GmbH; Gentex Corporation; Halma PLC; United Technologies Corporation; Siemens AG; Honeywell International Inc; Minimax Viking GmbH
Customization scope	Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to Country, regional, and segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides and analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global fire suppression system market report based on product, fire extinguisher type, application, and region:

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Fire Extinguisher

  • Fire Sprinkler

• Fire Extinguisher Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Gas

  • Water

  • Dry Chemical Powder

  • Others

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Commercial

  • Industrial

  • Residential

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa