The global fire suppression equipment market size was valued at USD 25448 million in 2022. It is projected to reach USD 39886 million by 2031, growing at a CAGR of 5.12 % during the forecast period (2023–2031).
The purpose of a fire suppression system is to contain or extinguish a fire in a defined area by employing a combination of dry chemicals and wet agents. CO2, FM 200, wet chemical, and dry chemical suppression are typical fire extinguishers. Media used for extinguishing fires include water, foam, carbon dioxide, steam, inert gases, and dry chemical powders. Fire suppression systems incorporate both extinguishing and alerting systems to identify fires. Permanent fire detection and suppression systems are set up. In addition, implementing rules and regulations for fire hazard safety that require stocking fire suppression equipment stimulates the expansion of the fire suppression equipment industry.
The need for fire protection systems is rising across many industries, especially in the manufacturing sector, where numerous flammable materials, including oil and gas, are stored. Protection against fire threats can save lives and property from destruction. The growth of the fire protection market in this region is primarily attributable to the rising number of fire incidents and stricter regulations regarding workplace safety. Because of the nature of their operations, industries frequently plagued by fires are also subject to several safety regulations imposed by the government and various organizations. Companies must maintain enough fire suppression supplies and are encouraged to participate in simulated exercises and emergency preparedness courses. The market for fire suppression systems has been expanding because of these laws.
Many more parts are involved in a fire protection system, making it more challenging to set up. It raises both the system and the total cost of the safety system. Because of its intricacy, the system can only be appropriately installed by trained technicians. A further issue with these systems is the price of upkeep. Regular inspections of these systems are necessary to guarantee their efficacy and dependability.
Moreover, fire suppression systems require regular servicing, which adds to the overall price. In addition, the National Fire Protection Association and the International Code Council mandate frequent inspection and testing of these systems to ensure continued compliance with their respective codes (ICC). These fire suppression systems' thermal insulation, connections, and alternate enclosures must be inspected regularly. Companies should also review certificates that account for a structure's age.
Innovative and cutting-edge fire safety technologies are faster, wiser, and more effective than older ones. Fire safety fundamentals like knowing the different kinds of fires and using the appropriate extinguisher are unchanged, but technological advancements have made fire fighting faster, easier, and more effective. Smart systems, networked gadgets, and the Internet of Things (IoT) hosted in the cloud are currently being adopted by many businesses (IoT). The number of internet-connected gadgets is now well beyond 7 billion and is anticipated to increase dramatically soon. Interconnected fire alarm panels, smoke detectors, and other equipment improve the efficacy of fire protection and life safety systems in commercial and industrial settings. It facilitates efficiency, saves money, and provides better record-keeping and reporting.
The global market is segmented by equipment type, fire type, and application.
Based on equipment type, the global market is bifurcated into fire detectors, fire alarms, fire suppressors, sprinklers, nozzles, caps, and control heads, and others.
The fire suppressors segment is the highest contributor to the market. A fire suppressor is an enclosed device used to extinguish fires. Most commonly, these are employed during low-risk fire situations. It's possible to find two distinct storage containers today: those that use stored pressure and those operated by cartridges. Demand for fire extinguishers has been rising due to improved fire safety technology and increased spending on fire safety systems in manufacturing facilities. The need for fire extinguishers has been rising partly because government mandates require equipment to safeguard workers from fire mishaps.
Based on fire type, the global market is bifurcated into class A, class B, class C, class D, and class K/F.
The class A segment is the highest contributor to the market. Class A fires include the ignition of relatively harmless, commonly available combustibles. Wood, plastics, paper, cloth, rubbish, rubber, and other materials are all fair game. Class A fires can be controlled and are typically the result of carelessness. A Class A fire is started by accident. Most house fires in the Class A category start in the kitchen, whether someone is preparing a meal using a stovetop, an oven, a grill, a microwave, or any other method of food preparation. Candles, tobacco, central heating systems, and low-voltage electrical faults are other potential causes of indoor air pollution. Water, dry chemicals, and foams are effective against Class A flames. In the event of a small Class A fire, a fire blanket can also be employed. Instances of class A fires have grown, which has increased the need for fire suppression systems.
Based on application, the global market is bifurcated into commercial, residential, forest and agriculture, and industrial.
The industrial segment is the highest contributor to the market. Oil and gas extraction, manufacturing, logistics, electricity generation, mining, and transportation all fall under the umbrella of the industrial sector. It is estimated that 35% and 40% of all fires occur in the industrial sector. Fire suppression systems in oil and gas, transportation, energy and power, manufacturing, and other industries are discussed under the "industrial" heading. Incumbents in high-risk industries and market segments have been pushing hard to ensure that their facilities are equipped with fire suppression systems to prevent catastrophic machinery fires. Heavy machinery installation is costly, so it stands to reason that businesses would take great pains to safeguard their investments against the risk of fire.
The global fire suppression equipment market is bifurcated into four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
North America is the most significant shareholder in the global market. The United States, Canada, and Mexico's fire suppression equipment markets are examined. Regarding regional market share, the United States is far ahead of its nearest competitor, Canada. The market share that Mexico has is the lowest of any major country. Since PFOS and PFAS have been linked to contamination of drinking water sources and adverse effects on human health, many rules and regulations have been implemented across North America to prevent their usage in firefighting foams. Companies like F tech dominate the fire detection and prevention market. Companies in the fire protection and security industries have been enabled by modern technology and tools to produce high-quality goods.
Asia-Pacific is expected to grow during the forecast period. The Asia-Pacific market is examined throughout China, India, Japan, South Korea, and the rest of Asia-Pacific. In terms of regional market share, China is far ahead of India. Japan has one of the smallest market shares. The Asia-Pacific area is China's primary market. An ever-increasing industry share in developing countries like China and India will boost the need for fire extinguishers. Demand for fire suppression equipment is expected to increase due to the growing use of wireless alarm systems, water mist technologies, integrated fire detection devices, and smoke detectors in commercial buildings.
Germany, the United Kingdom, France, Italy, Spain, and the rest of Europe are considered as we examine the market for fire suppression equipment in Europe. Regarding regional market share, Germany is much ahead of the UK. Major European players include Marioff Corp., Consilium Ab, Robert Bosch Gmbh, and Halma Plc. Growth in the market is anticipated to be driven by the widespread use of these products in industries such as oil and gas, aerospace and automotive, industrial, energy, and electronics. Government organizations' increasing focus on the security of their constituents' workplaces and public spaces is a crucial factor fueling the industry.
Markets for fire suppression equipment in Brazil, Saudi Arabia, and South Africa are evaluated as part of the LAMEA region. Regarding regional market share, Brazil is far ahead of even Saudi Arabia. As a percentage of the whole market, South Africa has the smallest proportion. Mining is a significant industry in LAMEA. Demand for fire detection and alarm systems, such as a wireless underground sensor network, is fueled by the presence of oil and gas and mineral mining industries. Additionally, the widespread usage of fire suppression equipment in the oil & gas industry is anticipated to drive demand in the region.
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