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Fire Suppression Systems Market

Fire Suppression Systems Market

Fire Suppression Systems Market Analysis by Product (Fire Extinguisher, Fire Sprinkler), by Fire Extinguisher Type (Gas, Water, Dry Chemical Powder, Others), by Application (Commercial, Industrial, Residential) and by Region- 2022 to 2032

Fire Suppression Systems Market
FACT597MR

Global Fire Suppression System Industry Outlook (2022-2032)

The market for fire suppression systems was valued at nearly US$ 17 Bn as of 2021, and is expected to surge Y-o-Y at a rate of 5.8% in 2022, reaching US$ 18 Bn. By the end of the forecast period 2022-2032, the market is likely to have grown 1.6x in value terms to reach US$ 30 Bn.

Report Attributes

Values

Market Value as of 2021

US$ 17 Bn

Expected Market Value for 2022

US$ 18 Bn

Projected Market Value for 2032

US$ 30 Bn

Global Growth Rate (2022-2032)

5.2% CAGR

Market Share of North America in 2022

42%

Expected Growth Rate of Asia Pacific (2022-2032)

7.3% CAGR

Key Companies Profiled

  • Robert Bosch GmbH
  • Gentex Corporation
  • Minimax Viking GmbH
  • Honeywell International
  • Raytheon Technologies (United Technologies Corporation)
  • Halma Plc
  • Siemens AG
  • Johnson Controls International

Toughening fire safety regulations combined with technological advancements in firefighting capabilities are some factors expected to steer market growth. By product, fire extinguishers will account for 52% of total revenue, while dry chemical powder based fire suppression systems will account for 1/3rd of global market share.

Fire Suppression System Demand Analysis 2015-2021 vs. Market Outlook 2022-2032

According to Fact.MR- market research and competitive intelligence provider- fire suppression systems sales expanded at a CAGR of 4.8% from 2015 to 2021, reaching US$ 17 Bn by the end of the aforementioned historical period. As construction and industrial activity keep flourishing, demand for advanced fire safety measures is rising, promoting the use of fire suppression systems.

During the COVID-19 pandemic, the industry experienced varying degrees of fluctuations. In the initial months of the lockdown, demand contracted significantly, attributed to cessation of industrial and construction activity. Eventually, this was offset with the lifting of restrictions. On the residential and commercial front, however, demand continued to incline, as hospitals and houses enforced fire safety precautions to prevent casualties in case of accidents.

In the forecast period, demand for fire suppression systems are expected to be reliant on a resurgent and unceasing construction industry, particularly across emerging economies of the Asia Pacific. Furthermore, revision of legal fire safety standards by governments combined with deployment of smart fire safety technologies will further broaden growth scope of the market. From 2022 to 2032, the industry is slated to surge at a CAGR of 5.2%.

Which are Some Prominent Drivers Influencing Fire Suppression Systems Market Growth?

Promulgation of Stringent Fire Safety Regulations Widening Prospects

According to the National Fire Protection Association (NFPA), over 1.3 million fire incidences were reported in the United States. These incidences caused over 3000 deaths and property loss of worth US$ 10.6 billion.

Due to this, NFPA has enacted guidelines for commercial business infrastructures to deploy fire suppression system such as sprinklers and clean agent suppression systems. Additionally, NFPA has included two important requirements of regular maintenance and training of personnel of the clean agent fire suppression systems.

Various enterprises across the world have increased their expenditure on fire suppression for safeguarding infrastructure and reducing human losses. Enterprises rely on equipment such as sensors and detectors, fire sprinklers, fire extinguishers, and other devices to implement fire suppression systems within their premises. This increase in spending by a number of enterprises and SMEs worldwide to safeguard human lives and property is driving the demand for fire suppression systems.

Rising Deployment of Automated Fire Detection Systems Generating New Growth Opportunities

Almost every industry, including fire safety and suppression, is experiencing widespread penetration of automation, smart technology and IoT. Recent years have experienced increased reliance on human-machine interface (HMI) based firefighting systems. Electromechanical devices, including switches, keypads and pointing devices are integrated with HMIs to control equipment involved in suppressing fires.

This has translated into numerous product and technology launches in the past few years. For instance, Honeywell International’s HS-81 Fire and Gas (F&G) Controller manages detection, notification and extinguishing functions. This all-in-one solution is meant for both process areas and personnel stations.

It can perform flame, smoke and gas detection, and manage extinguishing/agent release. It features a unique ‘hot swap’ capability for the replacement and auto-configuration of CPUs and power supplies without the need to perform a critical system shutdown.

Region-wise Analysis

How Lucrative are Fire Suppression Systems Revenue Prospects across North America?

Mandatory Government Directives promoting Fire Safety widening Prospects

North America promises to generate attractive market growth prospects for fire suppression systems, expected to accumulate around 42% revenue in 2022 and beyond. Presence of strict fire safety regulations to avoid accidents and tragedies is the chief growth driver.

In June 2021, the National Fire Protection Association (NFPA) released a new report on the status of fire hazards across the United States. As per its findings, while the incidence of fire hazards have reduced dramatically, unfortunately, fire safety standards have taken a backseat to other concerns that seem more pressing. Hence, it emphasized the need to reiterate these safety standards.

The report also concludes that the most successful recipe for fire safety in built-in environments is the implementation of fire safety technologies through mandated codes and standards. Approaching fire safety as a system, and not individual bits and pieces, provides an opportunity to unravel the complex and ongoing fire safety challenge for society. Additionally, major scope lies in combating wildfires, which have been responsible for catastrophic deaths and incalculable loss to property.

How Lucrative will the Asia-Pacific be in the Fire Suppression System Market?

Increase in Commercial and Residential Construction Projects to Widen Demand

Globally, the construction industry has accrued impressive gains across the Asia Pacific in recent years. In spite of a globally prevalent recession, the region has been able to successfully weather out this trend. Region-wise Asia Pacific accounts for 40% of global construction spending since the past decade. This is in response to rapid advancements in living standards, amid burgeoning affluence.

Given this promising scope, the need to establish robust infrastructure, complete with highly advanced safety measures, has propelled the need for installing high-grade fire suppression systems across the region. Since 2019, the Confederation of Fire Protection Association (CFPA) Asia has collaborated with the International Fire Safety Standards Coalition (IFSSC) to reinforce the best practices professionals should adhere to with respect to fire safety during construction.

Several countries have established robust regional frameworks to promote domestic fire safety, besides the aforementioned international coalition. For instance, in 2021, Vietnam promulgated the National Technical Regulation on Fire Safety for Building and Constructions, which applies to new construction remodeling, repair and functional changes. As per Fact.MR, the region is forecast to experience a CAGR worth 7.3% from 2022-2032.  

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Category-wise Insights

Why is the Demand for Fire Extinguishers Increasing across Key Industries?

Ease of Installation, Portability among Main Factors Spurring Market Demand

By product, Fact.MR expects fire extinguishers to dominate the market, accumulating 52% of total revenue in 2022 and beyond. Growth is spearheaded by the fact that fire extinguishers are easy to install and portable, making it a highly convenient option for end use industries.

Furthermore, toughening fire safety regulations have encouraged several fire extinguisher providers to enhance their presence across key regions. For instance, in 2019, Deccaleap Technologies, an Indian start-up based in Pune, introduced and automatic fire extinguisher named F-Protekkt which can be fitted under the bonnet of a car to thwart engine-fire incidents.

How are Dry Chemical Powder based Fire Suppression Systems becoming Popular?

Ability to Extinguish Different Fire Grades is Encouraging Adoption

Fact.MR anticipates the demand for dry chemical powder based fire extinguishers to capture a majority of the market share in 2022, attributed to its ability to put out fires of various categories. Several fires, including industrial fires, cannot be contained merely through sand or water.

Hence, industries are adopting extinguishers comprising of alternative fire retardant chemicals, thereby enhancing its scope. Moreover, dry chemical powder extinguishers are far more cost-effective. A revenue share worth 33% is projected for this segment.

Which Application Area is Likely to Experience Maximum Uptake of Fire Suppression Systems?

Demand is anticipated to surge for Industrial Applications

By application, industrial grade fire suppression systems are expected to accumulate nearly 50% of the global revenue share, as per Fact.MR. Given the scale of operations, it is unsurprising that several industries such as oil & gas and chemical manufacturing experience frequent fire hazard outbreaks.

Hence, industry leaders have constantly emphasized on the need to install robust fire safety measures, ranging from extinguishers to fire alert systems. Additionally, government backing for the installation of fire safety standards is further fueling prospects for the industrial sector.

Competitive Landscape

Key fire suppression system manufacturers are leveraging approaches such as strategic collaborations, partnerships and new product launches. Toughening fire safety regulations across countries are providing opportunities for players to introduce fire suppression systems equipped with the latest technologies. Some notable developments are as follows:

  • In August 2020, Robert Bosch GmbH introduced the Avenar panel 2000 and 8000 next-generation fire alarm panels. Driven by IoT, the system is fully backwards compatible with current fire alarm system components. Users can fully control the equipment via the eMatrix feature
  • In January 2021, Gentex Corporation announced the acquisition of a new nanofiber sensing technology, capable of detecting a wide variety of chemicals, from explosives to VOCs, with applications across a multitude of end use industries. The initiative compliments its expertise in the commercial fire protection industry

An Adaptive Approach to Modern-day Research Needs

Report Scope

Attribute

Details

Historical Data Available For

2015-2021

Projected Forecast Period

2022-2032

Market Analysis

  • US$ Mn for Value
  • Units for Volume

Key Regions Covered

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Segments Covered

  • Product
  • Fire Extinguisher Type
  • Application
  • Region

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • France
  • U.K
  • Italy
  • BENELUX
  • Nordics
  • China
  • Japan
  • South Korea
  • GCC
  • South Africa
  • Turkey

Key Segments Covered in the Fire Suppression System Market Report

  • By Product

    • Fire Extinguisher
    • Fire Sprinkler
  • By Fire Extinguisher Type

    • Gas Fire Suppression Systems
    • Water Fire Suppression Systems
    • Dry Chemical Powder Fire Suppression Systems
    • Other Fire Extinguisher Types
  • By Application

    • Fire Suppression Systems for Commercial Applications
    • Fire Suppression Systems for Industrial Applications
    • Fire Suppression Systems for Residential Applications

- FAQs -

As of 2021, the market for fire suppression systems was valued at US$ 17 Bn, as per Fact.MR
By 2022-end, sales of fire suppression systems are expected to be valued at US$ 18 Bn
From 2015 to 2021, fire suppression systems demand expanded at a CAGR of 4.8%
From 2022 to 2032, fire suppression systems sales are expected to flourish at a CAGR of 5.2%
By 2032, the market value of fire suppression systems is expected to reach US$ 30 Bn
Fact.MR expects fire suppression systems in North America to account for 42% of global revenue
From 2022 to 2032, fire suppression system demand in the Asia Pacific is expected to surge at a CAGR of 7.3%
Fire extinguishers are expected to be the most used fire suppression systems, accounting for 52% revenue
Dry chemical powder based fire extinguisher is expected to be dominant, capturing 33% revenue
Industrial applications constitute the bulk of fire suppression systems deployment, accounting for 50% revenue

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

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Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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