Global Fire Suppression Market to 2026 - Trends, Forecast and Competitive Analysis Report - ResearchAndMarkets.com

The "Fire Suppression Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.

The future of the fire suppression market looks promising with opportunities in the industrial, commercial, transportation, and residential markets. The fire suppression market is expected to reach an estimated $18.3 billion by 2026 with a CAGR of 4.4% from 2020 to 2026. The major drivers for this market are increasing fire incidents, stringency in fire safety norms, and growth in the construction industry.

Companies Mentioned

• 3S Incorporated
• Fike Corporation
• Firefly AB
• Halma PLC
• Hochiki
• Honeywell
• Johnson Controls
• Minimax
• Robert Bosch
• S&S Fire Suppression
• Siemens
• United Technologies Corporation

An emerging trend, which has a direct impact on the dynamics of the industry, includes the development of sound based fire extinguishers, video image smoke detectors, and the development of voice evacuation system. Johnsons Control, United Technology Corporation, Minimax, Robert Bosch, Halma PLC, Siemens, Hochiki, Firefly AB, Honeywell, Fike Corporation, and 3S Incorporated are among the major fire suppression system providers.

A total of 98 figures/charts and 59 tables are provided in this 209-page report to help in your business decisions. The study includes trends and forecast for the fire suppression market by product type, end use industry, and by region.

In this market, gaseous based suppression systems will emerge as the largest market due to higher effectiveness, faster response in extinguishing fire, and ability to leave no residue after fire suppression. Growing installation of carbon-dioxide and clean agent gas based suppression systems in industrial and commercial applications will drive the market.

Industrial segment will remain the largest end use industry during the forecast period due to rapid industrialization in emerging economies, increasing demand of fire suppression systems in oil & gas, mining, and chemical industries, and strict fire safety regulations. Growing oil and gas projects in the US, Africa, Kuwait, Russia, and Australia is expected to foster the demand for large scale installation of fire suppression systems in these projects.

The Asia Pacific is expected to witness the highest growth over the forecast period supported by rapid industrialization, growing residential and commercial construction, and government regulation toward fire safety. China, India, and South Korea are expected to drive the demand for suppression systems considering economic advancement and development projects in industrial and commercial sectors.

This report answers the following 11 key questions:

1. What are some of the most promising, high-growth opportunities for the global fire suppression market by product type (chemical, gaseous, water, and foam based), by end use industry (industrial, commercial, transportation, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
2. Which segments will grow at a faster pace and why?
3. Which regions will grow at a faster pace and why?
4. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
5. What are the business risks and threats to the market?
6. What are the emerging trends in this market and reasons behind them?
7. What are the changing demands of customers in the market?
8. What are the new developments in the market? Which companies are leading these developments?
9. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
10. What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
11. What M&A activity has occurred in the last 5 years?

Key Topics Covered:

1. Executive Summary

2. Market Background and Classifications

2.1: Introduction, Background, and Classifications

2.2: Supply Chain

2.3: Regulations

2.4: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2015 to 2026

3.1: Macroeconomic Trends and Forecasts

3.2: Global Fire Suppression Market Trends and Forecast

3.3: Global Fire Suppression Market by Product Type

3.3.1: Chemical

3.3.2: Gaseous

3.3.3: Water

3.3.4: Foam

3.4: Global Fire Suppression Market by End Use Industry

3.4.1: Industrial

3.4.1.1: Oil and Gas

3.4.1.2: Mining

3.4.1.3: Others

3.4.2: Commercial

3.4.3: Transportation

3.4.5: Others

4. Market Trends and Forecast Analysis from 2015 to 2026

5. Competitive Analysis

5.1: Product Portfolio Analysis

5.2: Geographical Reach

5.3: Porter's Five Forces Analysis

6. Growth Opportunity and Strategic Analysis

7. Company Profiles of Leading Players

For more information about this report visit https://www.researchandmarkets.com/r/7vqzcs

View source version on businesswire.com: https://www.businesswire.com/news/home/20210614005318/en/