According to Stratistics MRC, the Global Fire Suppression Equipment Marketis accounted for $24.90 billion in 2020 and is expected to reach $43.79 billion by 2028 growing at a CAGR of 6.7% during the forecast period due to the significant increase in fire related accidents especially in the oil & gas industry, commercial, residential, mining, healthcare and other sector is the major factorsdriving the market growth. However, a higher installation and maintenance cost is restraining the market growth.
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Based on application, the industrial segment is estimated to have a lucrative growth during forecast period owing to various manufacturing and production activities involve chemicals and machinery that are flammable and can lead to fires.By geography, North Americais going to have high growth during forecast period due to presence of several regulations regarding fire protection and safety that are to be followed by residential, commercial and industrial sectors.
Some of the key players profiled in the Fire Suppression Equipment Market include Consilium AB, Gentex Corporation, Halmaplc, Hochiki Corporation, Honeywell International Inc, Johnson Controls, Robert Bosch Gmbh, Seimens AG and Semco Maritime A/S Company.
Equipment Types Covered:
• Caps
• Control Heads
• Fire Alarms
• Fire Detectors
• Fire Suppressors
• Nozzles
• Sprinklers
Fire TypesCovered:
• Class A
• Class B
• Class C
• Class D
• Class K/F
Applications Covered:
• Commercial
• Forest and Agriculture
• Industrial
• Residential
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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