(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Fire Suppression Market by Product (Fire Detectors & Control Panels, Fire Sprinklers, Nozzles, Caps, and Control Heads, and Fire Suppressors), by Suppression Reagent (Chemical, Gaseous, Water, and Foam), and by End-Use (Residential, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20162025. According to the report, the global demand for fire suppression market was valued at USD 22.72 billion in 2018 and is expected to reach USD 31.55 billion by 2025, at a CAGR of 4.8% between 2019 and 2025.
Fire suppression is a fire protection system that combines dry chemicals and wet agents to control and suppress fires. Fire suppression systems consist of different types of products, such as fire detectors and control panels, fire sprinklers, and fire suppressors. The global fire suppression market is projected to witness significant growth in the years ahead, owing to the growing number of accidents and increasing consumer awareness regarding fire safety. Additionally, technological advancements made related to fire suppression systems are further expected to boost this market's growth. However, the high installation cost of fire suppression systems may hinder the fire suppression market expansion globally. Conversely, the stringent government regulations toward building safety codes are expected to offer ample growth opportunities for fire suppression market over the estimated time period.
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Browse the full'Fire Suppression Market by Product (Fire Detectors & Control Panels, Fire Sprinklers, Nozzles, Caps, and Control Heads, and Fire Suppressors), by Suppression Reagent (Chemical, Gaseous, Water, and Foam), and by End-Use (Residential, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20162025Report at https://www.zionmarketresearch.com/report/fire-suppression-market
The global fire suppression market is segmented on the basis of product, suppression reagent, and end-user. By product, the market includes fire detectors and control panels, fire suppressors, and fire sprinklers, caps, nozzles, and control heads. Fire sprinklers were major contributors to the global fire suppression market in 2018 and are expected to maintain their position in the market. By suppression reagents, the market includes water, chemical, gaseous, and foam. The global fire suppression market is segmented based on end-use into residential, industrial, and commercial. The industrial segment holds the largest share of the global fire suppression market, due to the increasing demand for fire suppression in manufacturing industries and industries, such as oil and gas and chemical.
By region, the Asia Pacific dominated the global fire suppression market in 2018 and is projected to continue its dominance in the future as well. China dominated the fire suppression market in the Asia Pacific region. The growing infrastructural activities in India, China, and Japan are expected to propel the regional demand for fire suppression in the future. The North American fire suppression market is anticipated to show the highest CAGR in the years ahead, owing to the rising demand for fire suppression systems in the commercial sector. Moreover, the fire suppression systems are widely used in power plants for ensuring protection against fire in various locations, such as cable trays, control rooms, coal handling, turbine areas, boiler buildings, cooling towers, and fuel storage and handling areas.
Some key manufacturers of the global fire suppression market are Johnson Controls, Siemens, United Technologies, Halma, Robert Bosch, Hochiki, Honeywell, S & S Fire Suppression Systems, Firefly, Marioff Corporation, Fenwal Controls Japan Ltd., and Minimax Viking.
This report segments the global fire suppression market into:
Global Fire Suppression market: Product Analysis
- Fire Detectors and Control Panels
- Fire Sprinklers, Nozzles, Caps, and Control Heads
- Fire Suppressors
Global Fire Suppression market: Suppression Reagent Analysis
- Chemical
- Gaseous
- Water
- Foam
Global Fire Suppression market: End-Use Analysis
- Residential
- Industrial
- Commercial
Global Fire Suppression market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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