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Fire Suppression Market Trends and Forecast
The future of the fire suppression market looks promising with opportunities in the industrial, commercial, transportation, and residential markets. The fire suppression market is expected to reach an estimated $24.4 billion by 2027 with a CAGR of 4% from 2021 to 2027. The major drivers for this market are increasing fire incidents, stringency in fire safety norms, and growth in the construction industry.
Fire Suppression Market by Product Type and End Use Industry
Emerging Trends in the Fire Suppression Market
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of sound based fire extinguisher, video image smoke detector, and development of voice evacuation system.
A total of 107 figures / charts and 68 tables are provided in this 205-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the fire suppression market report, please download the report brochure.
Fire Suppression Market by Segments
Fire Suppression Market by Segment
The study includes trends and forecast for the global fire suppression market by product type, end use industry, and region as follows:
Fire Suppression Market by Product Type [$M shipment analysis from 2016 to 2027]:
  • Químico
  • Gaseous
  • Water Based
  • Foam Based
Fire Suppression Market by End Use Industry [$M shipment analysis from 2016 to 2027]:
  • Industrial
  • Commercial
  • Transport
  • Otros
Fire Suppression Market by Region [Value ($M) shipment analysis for 2016 – 2027]:
  • América del norte
    • US
    • Canadá
    • México
  • Europa
    • Alemania
    • The United Kingdom
    • Francia
    • Italia
  • Asia Pacífico
    • Porcelana
    • Japón
    • India
    • Australia
  • The Rest of the World
List of Fire Suppression Companies
  Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fire suppression companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fire suppression companies profiled in this report includes. Fire Suppression Market Insight
  • Lucintel forecasts that industrial will remain the largest end use industry during the forecast period due to rapid industrialization in emerging economies, increasing demand of fire suppression systems in oil & gas, mining, and chemical industries, and strict fire safety regulation. Growing oil and gas projects in US, Africa, Kuwait, Russia, and Australia is expected to foster the demand for large scale installation of fire suppression systems in these projects.
  • Gaseous based suppression systems is expected to witness the highest growth due to higher effectiveness, faster response in extinguishing fire, and ability to leave no residue after fire suppression. Growing installation of carbon-dioxide and clean agent gas based suppression systems in industrial and commercial applications will drive the market.
  • Asia Pacific is expected to witness the highest growth over the forecast period supported by rapid industrialization, growing residential and commercial construction, and government regulation towards fire safety. China, India, and South Korea are expected to drive the demand for suppression system considering economic advancement and development projects in the industrial and commercial sectors.
Features of Fire Suppression Market
  • Market Size Estimates: Fire suppression market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by product type and end use industry
  • Regional Analysis: Fire suppression market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different product type, end use industry, and regions for the fire suppression market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the fire suppression market.
  • Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
FAQ
Q1. What is the fire suppression market size?
Answer: The global fire suppression market is expected to reach an estimated $24.4 billion by 2027.
Q2. What is the growth forecast for fire suppression market?
Answer: The fire suppression market is expected to grow at a CAGR of 4% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the fire suppression market?
Answer: The major drivers for this market are increasing fire incidents, stringency in fire safety norms, and growth in the construction industry.
Q4. What are the major applications or end use industries for fire suppression?
Answer: Industrial and commercial are the major end use industries for fire suppression.
Q5. What are the emerging trends in fire suppression market?
Answer: An emerging trend, which has a direct impact on the dynamics of the industry, includes development of sound based fire extinguisher, video image smoke detector, and development of voice evacuation system.
Q6. Who are the key fire suppression companies?
Answer: Some of the key fire suppression companies are as follows:
  • Johnsons Control
  • United Technology Corporation
  • Minimax
  • Robert Bosch
  • Halma PLC
  • Siemens
  • Hochiki
  • Firefly AB
  • Honeywell
  • Fike Corporation
  • 3S Incorporated
Q7.Which fire suppression product segment will be the largest in future?
Answer: Lucintel forecasts that gaseous based suppression systems is expected to witness the highest growth due to higher effectiveness, faster response in extinguishing fire, and ability to leave no residue after fire suppression. Growing installation of carbon-dioxide and clean agent gas based suppression systems in industrial and commercial applications will drive the market.
Q8: In fire suppression market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global fire suppression market by product type (chemical, gaseous, water, and foam based), by end use industry (industrial, commercial, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to fire suppression market or related to fire suppression market share, fire suppression market analysis, and fire suppression market size, write to Lucintel analysts at helpDesk@lucintel.com. We will be glad to get back to you soon.
Tabla de contenido
 
1. Executive Summary

2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Regulations
2.4: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecasts
3.2: Global Fire Suppression Market Trends and Forecast
3.3: Global Fire Suppression Market by Product Type
3.3.1: Chemical
3.3.2: Gaseous
3.3.3: Water
3.3.4: Foam
3.4: Global Fire Suppression Market by End Use Industry
3.4.1: Industrial
3.4.1.1: Oil and Gas
3.4.1.2: Mining
3.4.1.3: Others
3.4.2: Commercial
3.4.3: Transportation
3.4.4: Others

4. Market Trends and Forecast Analysis from 2016 to 2027
4.1: Global Fire Suppression Market by Region
4.2: North American Fire Suppression Market Trends and Forecast
4.2.1: North American Fire Suppression Market by Product Type
4.2.2: North American Fire Suppression Market by End Use Industry
4.2.3: United States Fire Suppression Market
4.2.4: Canadian Fire Suppression Market
4.2.5: Mexican Fire Suppression Market
4.3: European Fire Suppression Market Trends and Forecast
4.3.1: European Fire Suppression Market by Product Type
4.3.2: European Fire Suppression Market by End Use Industry
4.3.3: German Fire Suppression Market
4.3.4: UK Fire Suppression Market
4.3.5: French Fire Suppression Market
4.3.6: Italian Fire Suppression Market
4.3.7: Other Fire Suppression Market
4.4: APAC Fire Suppression Market Trends and Forecast
4.4.1: APAC Fire Suppression Market by Product Type
4.4.2: APAC Fire Suppression Market by End Use Industry
4.4.3: Japanese Fire Suppression Market
4.4.4: South Korean Fire Suppression Market
4.4.5: Indian Fire Suppression Market
4.4.6: Australian Fire Suppression Market
4.5: ROW Fire Suppression Market Trends and Forecast
4.5.1: ROW Fire Suppression Market by Product Type
4.5.2: ROW Fire Suppression Market by End Use Industry

5. Competitive Analysis
5.1: Product Portfolio Analysis
5.2: Geographical Reach
5.3: Porter’s Five Forces Analysis

6. Growth Opportunity and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities in the Global Fire Suppression Market by End Use Industry Fire Suppression Market
6.1.2: Growth Opportunities in the Global Fire Suppression Market by Product Type
6.1.3: Growth Opportunities in the Global Fire Suppression Market by Region
6.2: Emerging Trends in the Global Fire Suppression Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers, Acquisitions and Joint Ventures in the Global Fire Suppression Market

7. Company Profiles of Leading Players
7.1: Johnson Controls
7.2: United Technologies Corporation
7.3: Minimax
7.4: Robert Bosch
7.5: Halma PLC
7.6: Siemens
7.7: Hochiki
7.8: Firefly AB
7.9: Honeywell
7.10: S&S Fire Suppression
7.11: Fike Corporation
7.12: 3S Incorporated
.

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107 figures/charts and 68 tables are provided in this 205 - page report
Lucintel ha estado en el negocio de la consultoría de investigación y gestión de mercado desde 2000 y ha publicado más de 1000 informes de inteligencia de mercado en varios mercados / aplicaciones y atendió a más de 1,000 clientes en todo el mundo. Este estudio es una culminación de cuatro meses de esfuerzo a tiempo completo realizado por el equipo analista de Lucintel. Los analistas utilizaron las siguientes fuentes para la creación y finalización de este valioso informe:
  • Entrevistas en profundidad de los principales actores en este mercado
  • Investigación secundaria detallada de los estados financieros de los competidores y datos publicados 
  • Extensas búsquedas de obras publicadas, mercado e información de bases de datos relacionadas con noticias de la industria, comunicados de prensa de la empresa e intenciones de clientes
  • Una compilación de las experiencias, juicios e ideas de los profesionales de Lucintel, que han analizado y rastreado este mercado a lo largo de los años.
Se realizan una extensa investigación y entrevistas en la cadena de suministro de este mercado para estimar la cuota de mercado, el tamaño del mercado, las tendencias, los impulsores, los desafíos y las previsiones. A continuación se muestra un breve resumen de las entrevistas principales que se llevaron a cabo por la función de trabajo para este informe.
 
Por lo tanto, Lucintel compila grandes cantidades de datos de numerosas fuentes, valida la integridad de esos datos y realiza un análisis exhaustivo. Lucintel luego organiza los datos, sus hallazgos y las ideas sobre un informe conciso diseñado para respaldar el proceso estratégico de toma de decisiones. La siguiente figura es una representación gráfica del proceso de investigación de Lucintel. 
 

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