Market Size of Fire Suppression Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Fire Suppression Systems Market Analysis
The fire suppression systems market is expected to register a CAGR of 5.1% over the forecast period. Technological advancements and innovations in the manufacturing industry, regulations, government mandates, fast growth in wireless technologies for fire detection, and increased suffering to human life are the principal driving factors of the global fire suppression market.
- Technological advancements have led to the discovery of a new protection system named fire suppression systems to protect from fire while reducing the after damage. According to Fireline Corporation, fire suppression systems integrated with standard fire protection systems like sprinklers and fire alarms can reduce the risk of loss of life by 82% and property by 71% in any commercial fire.
- A gas suppression system is a waterless fire suppressant that releases a gas, or mixture of gases, into the air to extinguish and prevent the fire spread within a building. Gas suppression is ideally suited in an area where other forms of firefighting may cause water damage to electrical goods. For instance, a server room where data is stored would benefit from a gas suppression system to protect as much data as possible in the event of a fire.
- Unlike fire extinguishers, which are intended to be used on smaller localized fires, the demand for fire suppression systems is increasing significantly as fire suppression systems usually operate over a large area, ranging from room-size spaces to the dimensions of the entire facility. They are often installed in the ceiling or other overhead areas, with nozzles that release suppressants extending through ceiling tiles. They may be equipped with sensors of their own that operate independently from your other smoke and heat-detecting equipment.
- During the COVID-19 pandemic in several countries, the entire lockdown situation has directly or indirectly impacted many industries, causing a shift in activities like supply chain operations, vendor operations, and product commercialization. The pandemic positively impacted the fire suppression systems market post covid with the rapid industrialization and urbanization globally.
Fire Suppression Systems Industry Segmentation
Fire suppression systems are employed to evade the spread of fire in a structure. Most fire suppression systems are static and are applied to shield a building against destruction, and several techniques are available for use in vehicles.
The fire suppression systems market is segmented by solution type (water-based systems, gas-based systems, foam-based systems), end-user vertical (commercial buildings, industrial buildings, residential buildings), and geography.
| By Solution Type | |
| Water-based Systems (Sprinkler Type and Mist Type) | |
| Gas-based Systems | |
| Foam-based Systems |
| By End-user Vertical | |
| Commercial Buildings (Offices, Malls, Hotels, Restaurants) | |
| Industrial Buildings (Manufacturing Plants and Warehouses) | |
| Residential Buildings (Apartments/High Rise, Individual Houses) | |
| Other End-user Verticals (Airports, Seaports, Metro Stations, Ministry/Government, Educational, Hospitals) |
| By Geography | |
| North America | |
| Europe | |
| Asia Pacific | |
| Latin America | |
| Middle East & Africa |
Fire Suppression Systems Market Size Summary
The fire suppression systems market is poised for significant growth, driven by technological advancements, regulatory mandates, and the rapid expansion of wireless technologies for fire detection. These systems, which integrate with standard fire protection measures like sprinklers and alarms, are designed to minimize loss of life and property damage during fire incidents. Unlike traditional fire extinguishers, fire suppression systems cover larger areas and are often installed in overhead spaces, making them ideal for protecting extensive facilities. The market's expansion is further fueled by the increasing adoption of these systems in industrial environments, where water-based suppression methods may be ineffective. The COVID-19 pandemic initially disrupted supply chains and operations but ultimately led to a surge in demand for fire suppression systems due to global industrialization and urbanization efforts.
The Asia-Pacific region is experiencing robust growth in the fire suppression systems market, attributed to substantial infrastructure development and industrialization in countries like India and China. Government investments in infrastructure projects and the recognition of building safety codes are driving demand in this region. The market is also witnessing a trend towards the development and installation of advanced fire protection systems in various sectors, including transportation, where the need for safety in school and passenger buses is increasing. The competitive landscape is marked by strategic acquisitions and expansions by key players such as Johnson Controls and ORR Protection Systems, which are enhancing their portfolios and geographic reach. These developments, coupled with strict government regulations and a focus on creating safe environments, are expected to sustain the market's growth trajectory.
Fire Suppression Systems Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Market Overview
-
1.2 Industry Attractiveness - Porter's Five Forces Analysis
-
1.2.1 Bargaining Power of Suppliers
-
1.2.2 Bargaining Power of Consumers
-
1.2.3 Threat of New Entrants
-
1.2.4 Threat of Substitutes
-
1.2.5 Intensity of Competitive Rivalry
-
-
1.3 Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Solution Type
-
2.1.1 Water-based Systems (Sprinkler Type and Mist Type)
-
2.1.2 Gas-based Systems
-
2.1.3 Foam-based Systems
-
-
2.2 By End-user Vertical
-
2.2.1 Commercial Buildings (Offices, Malls, Hotels, Restaurants)
-
2.2.2 Industrial Buildings (Manufacturing Plants and Warehouses)
-
2.2.3 Residential Buildings (Apartments/High Rise, Individual Houses)
-
2.2.4 Other End-user Verticals (Airports, Seaports, Metro Stations, Ministry/Government, Educational, Hospitals)
-
-
2.3 By Geography
-
2.3.1 North America
-
2.3.2 Europe
-
2.3.3 Asia Pacific
-
2.3.4 Latin America
-
2.3.5 Middle East & Africa
-
-
Fire Suppression Systems Market Size FAQs
What is the current Fire Suppression Systems Market size?
The Fire Suppression Systems Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Fire Suppression Systems Market?
Johnson Controls International PLC(Tyco), Firetrace International, LLC, Fike Corporation, ORR Protection and Consilium are the major companies operating in the Fire Suppression Systems Market.
