Fire Suppression Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Fire Suppression Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2021 | Energy & Mining

Report Digest


The growth in the fire suppression market is fueled by the rise in the construction industry, growing adoption of wireless technology, stringent regulations, and fire breakout-causing harm to humans and property. The increasing industrialization has led to a lot of fire-related accidents. These accidents have resulted in a significant count of casualties and massive economic losses. 

The world has witnessed a large number of fire accidents in the past few years and caused a lot of damage of damages to the environment, humans, and animals. So, there is a crucial requirement to upgrade the fire security system in terms of facilities to counter such damages. Countries across the world have raised the expenditure to improve fire suppression facilities to safeguard infrastructure as well as to reduce human losses. The organizations depend on different types of equipment such as fire extinguishers, fire sprinklers, sensors and detectors, and other devices for the implementation of fire suppression systems within the premises. Further, the increased spending by various SMEs and enterprises across the world for safeguarding property and human lives are boosting the fire suppression market.

Various government initiatives are required to implement fire suppression systems in an effective manner. To counter any fire situation, there is a necessity for the development of sophisticated tools. So, vendors from the fire suppression market require constant development in new technologies and also require upgrades in their solutions. Organizations spend a handsome amount of money on the development of advanced technologies, so it is further expected to boost the fire suppression market.

There is a necessity for durable HMI solutions to get optimum outcomes in fire suppression systems. Electrometrical devices, for example, pointing devices, keyboards, keypads, switches, and some other elements, for example, alarms and indicators are unified with HMIs and control systems and equipment in the fire suppression system. Regular maintenance and other expenses make the fire suppression system an expensive solution, and it curtails market growth. Further, continuous inspection and examination are also required to match the international standards, so it may also hamper growth in the fire suppression market.

Fire Suppression Market – Introduction

Fire suppression is defined as the process of reducing heat released from the fire and limiting it from spreading further. A fire suppression system is a product that extinguishes and prevents the spread of fire across an enclosure or facility. The global fire suppression market is anticipated to accelerate at a rapid pace owing to the swelling demand from fire risk-prone industries, including oil and gas exploration, manufacturing, and energy and power. These industries hold the potential to bring significant traction to fire prevention and protection systems. Furthermore, burgeoning need for highly safeguard structures and minimal loss during fire incidences are favoring the growth of fire suppression market. Such factors pushed the fire suppression market to value roughly US$ 60 billion in 2018. Enhanced fire safety standards backed by stringent regulations are likely to set the tone for considerable growth in fire suppression market.

Fire Suppression Market – Notable Developments

Notable developments in the competitive landscape of fire suppression market include:

  • In September 2018, a leading player in fire suppression system market, Technoswitch, launched vehicle and kitchen fire suppression kits. Technoswitch expanded its product portfolio with the addition of Rotarex FireDETEC range of pre-engineered fire detection and suppression systems.
  • In May 2018, Ireland-based HVAC company, Johnson Controls, launched an innovative 70 bar gaseous fire suppression system named SAPPHIRE PLUS. SAPPHIRE PLUS is designed to augment fire safety performance in high value areas, including power plants, medical facilities, telecommunications, transport, IT, and medical facilities.
  • In May 2018, Lehavot, a leading provider of high-quality fire protection systems launched UNECE R107-certified BusShield advanced fire protection suite.

Some of the most prominent competitors operating in the competitive landscape of global fire suppression market include –

  • Firefly
  • Johnson Controls
  • Honeywell
  • Robert Bosch
  • S&S Fire Suppression Systems
  • Lehavot HaBashan
  • Technoswitch United Technologies
  • Gentex
  • Siemens
  • Hochiki
  • Minimax Viking
  • Halma
  • Securiton AG

Fire Suppression Market Dynamics

Altering Building Infrastructure & Advent of Industry 4.0 to Fuel Adoption of Advanced Suppression Systems

With manufacturers increasingly aligning their new products with the ever-evolving regulatory reforms and altering building infrastructures, adoption of advanced fire suppression systems is growing. Additionally, growing need for the development of more effective fire safety method has prompted fire suppression companies to develop innovative, superior and eco-friendly systems. The accelerating technology innovations and integration of IoT and cloud-based solutions are necessitating the development and adoption of cost-effective high-tech fire suppression systems in today’s smart building constructions. An automatic fire suppression system can prevent fire from spreading, without requiring human intervention.

Rigid Government Regulations Favoring Growth in Fire Suppression Market

According to the National Fire Protection Association (NFPA), growing fire incidences in the United States prompted them to enact guidelines mandating deployment of fire suppression system in commercial business infrastructures. As a result of this enactment, organizations are increasingly deploying fire suppression systems, such as sprinklers. Additionally, NFPA also requires industries to consider regular maintenance and has made training of personnel compulsory for clean agent fire suppression system. A recently announced US federal tax reform will aid small business annually, and large business entities for five years in retrofitting fire suppression sprinkler systems, which can fuel adoption of these systems. Additionally, UNECE R107 made fire suppression mandatory for buses and coaches. Such favorable reforms are likely to fuel the adoption of fire protection equipment and systems, which in turn, will fuel growth in fire suppression market.

Lack of Awareness & High Capital Investment Impeding Growth in Fire Suppression Market   

Lack of awareness pertaining to diverse fire suppression solutions, such as fire detectors, fire sprinklers, especially in the underdeveloped regions is hampering the market growth. Moreover, as fire suppression systems require large capital investment, several small-scale organizations and companies remain reluctant towards the adoption of such systems. These factors are limiting the growth in fire suppression market, however, several fire protection product and system manufactures are increasingly incorporating advanced technology to develop cost-effective solutions. Some companies are also organizing fire-safety drills and informative seminars and programs to create increased awareness about fire suppression solutions. 

Fire Suppression Market - Segmentation

Based on product, the global fire suppression market is segmented into:

  • Fire Detectors and Control Panels
  • Fire Sprinklers, Nozzles, Caps, and Control Heads
  • Fire Suppressors

Based on suppression reagent, the global fire suppression market is segmented into:

  • Chemical
  • Gaseous
  • Water
  • Foam

Based on sector the global fire suppression market is segmented into:

  • Residential
  • Commercial
  • Industrial

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?