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Fire Suppression Market – Global Industry Analysis
Report, Share, Growth, Price Trends and Forecast,
2024: Global Market Insights Inc.
The global Fire Suppression Market share report provides numbers for applications
and regional segments of the industry covering historical as well as forecast data for
decision makers. Stringent government regulations towards public safety along with
growing consumer awareness will drive the fire suppression market size.
Growing commercial floorspace along with introduction of safety codes and
standards will stimulate the product penetration. As per American Chemistry
Council, the fire codes set by NFPA and IFC states that all areas with upholstered
furniture including healthcare facilities and educational institutes must have sprinkler
U.S. is projected to reach over annual installation of 150 million units by 2024.
Upsurge in construction industry along with technological advancement in the
product design and development will embellish the U.S. fire suppression market
share. Increasing demand for environment friendly, less toxic, automatic and new
generation systems will propel the product growth. In 2016, the country construction
industry continued its rebound with 5.3% with another 2% expected increase by the
end of 2017.
Growing awareness toward the adoption of fire protection systems to mitigate the
hazards and accidents will foster the fire suppression market share. Introduction of
green buildings in Europe coupled with stringent safety regulations will fuel the
business growth. As per European Commission, 70,000 people are hospitalized due
to severe injuries caused by fire with an estimated damage of USD 148.6 billion
Rapid industrialization across developing economies along with increasing demand
for safety equipment will drive the global fire suppression market. Ongoing
investments across Asia-Pacific and Africa towards the expansion of industrial,
commercial and residential establishments will boost the product demand. As per
Central Banks and Governments’ statistics bureau, investments across Asia Pacific
for the development of Industrial sector was USD 10.6 billion in 2016.
Germany fire suppression market is set to experience substantial growth on account
of enhancement and improvisation of safety standards. As per European
Commission, in Germany, any office or residential building with height of over 60 m
must be provided with two stair cases as a safety exit and a sprinkler system must
be installed to meet the safety standards.
U.S. Fire Suppression Market, By End-Use, 2016 & 2024 (Million Units)
China fire suppression market is set to witness growth over 3% by 2024. Expansion
of industrial and commercial sector along with growing measures to reduce the fire
accidents will positively influence the business landscape. In 2015, China surpassed
the U.S. as the world’s major safety and security products market with an annual rise
Saudi Arabia fire suppression market in 2016 was valued over 150 million. Ongoing
O&G projects along with expansion and establishment of other available industries
will boost the demand for suppression systems. In 2015, number of operating
industrial units have reached up to 7,007 with the investment of USD 290 billion.
Notable players in global fire suppression market include TYCO, United
Technologies Corporation, Minimax, Lubrizol, Bristol Fire Engineering, Halma PLC,
SFFECO, Firetronics, NAFFCO, Master Fire Preventions Ltd., National Fire
Equipment Ltd. and Amerex Corporation.
Increasing fire hazards
Stringent government norms towards fire protection
Favorable government legislations and safety standards
Growing construction and refurbishment activities
Rapid industrialization and urbanization
Increasing awareness towards fire protection systems
Rest of World
Increase in infrastructural spending
Segmentation of Fire Suppression Market:
Global fire suppression market research report includes in-depth coverage of the
industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for
the following segments:
Global Fire Suppression Market, By Product
• Dry Chemical
• Carbon Dioxide
Global Fire Suppression Market, By End-Use
o Logistics & Transportation
The above information is provided on a country basis for the following:
o South Korea
Middle East and Africa
o Saudi Arabia
o South Africa
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Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy,
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Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Price Trend,
Competitive Market Share & Forecast, 2017 – 2024
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
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specially designed and presented to aid strategic decision making. These exhaustive
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