Global Fire Suppression Systems Industry Analysis 2023-2030 - Firefighting Equipment is gaining momentum and becoming a top priority in the security industry.

Dublin, Dec. 7, 2023 (GLOBE NEWSWIRE) - The report titled "Global Strategic Business Report on Fire Resistance Systems" has been added to ResearchAndMarkets.com's offering.

Global Fire Suppression Systems Market

is valued at USD 19.7 billion in 2022 and is projected to reach USD 28.8 billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030.

Dry chemical systems

one of the segments analyzed in the report is projected to reach a volume of USD 11.8 billion and register a CAGR of 5.4% by the end of the analysis period. The growth of water systems is estimated at a CAGR of 4.8% over the next 8 years.

Pandemic

has brought increased attention to thefire safety, but also disrupted supply chains and operations.

The competitive market

In this competitive market, manufacturers are actively focusing on providing full-service support services to their customers. Asian companies are actively seeking to expand their presence in the global fire suppression market. The fire suppression systems market is highly competitive, with major competitors vying for market share. The competitive presence in the market varies among the players, with some having a strong presence while others are more specialized or insignificant.

Development and innovation

The recent market activity reflects the continued development and innovation in the systems industryfire safety. The world's leading brands in this sector are actively involved in meeting the changing needs of customers and improving fire safety.

The U.S. market

is valued at USD 5.8 billion, while China, the world's second largest economy, is projected to reach a market size of USD 4.2 billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030. Among other significant regionalmarkets are Japan and Canada, projected to grow by 3.4% and 4.2%, respectively, over the period from 2022 to 2030. In Europe, Germany is forecast to grow at around 3.9% CAGR.

What's new?