Automatic Fire Suppression System Global Market Report 2024

The automatic fire suppression system market size has grown strongly in recent years. It will grow from $16.6 billion in 2023 to $17.56 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth observed during the historic period can be attributed to several factors. These include the implementation of stringent safety regulations, heightened awareness of fire hazards, expansion in infrastructure development initiatives, the growing demand for property protection, adherence to insurance requirements, ongoing trends in industrialization, and the pace of urbanization.

The automatic fire suppression system market size is expected to see strong growth in the next few years. It will grow to $22.31 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. Forecasted growth is driven by factors such as emerging market adoption, increased commercial construction, focus on safety, expanded manufacturing, fire prevention emphasis, retrofitting, smart system integration. Trends include advanced detection, commercial sector expansion, smart sensor integration, eco-friendly agents, modular systems, provider-contractor collaboration, vehicle applications, remote monitoring, and compliance focus.

The automatic fire suppression system market is anticipated to witness growth driven by the burgeoning construction activities. Construction tasks, ranging from building creation to renovation, are on the rise due to factors such as population expansion, urban development, infrastructure investments, and increased housing needs. Within construction environments, automatic fire suppression systems play a crucial role in safeguarding assets, equipment, and personnel against fire hazards. They swiftly detect and extinguish fires, mitigating damages and minimizing risks to life. Notably, according to reports by the United States Census Bureau in March 2024, construction spending surged from $1.82 trillion in January 2023 to $2.1 trillion in January 2024, indicating substantial growth of $276.7 billion during this period.

Leading companies in the automatic fire suppression systems market prioritize innovation to remain competitive and meet customer requirements. One such innovation is the development of PAFSS fire suppression systems. These systems, designed to detect, control, and extinguish fires across diverse environments including buildings, vehicles, and industrial settings, are continually evolving. For example, in April 2022, Jactone Products Ltd., a UK-based fire safety equipment manufacturer, introduced a new model of PAFSS fire suppression system. This latest model, part of the PAFSS indirect, low pressure (ILP) systems, utilizes the clean agent extinguishant 3M Novec 1230 fire protection fluid. With features such as fast and automatic operation, protection of large enclosures, and integration with fire detection equipment, these systems provide reliable fire suppression solutions in industrial and commercial settings.

In March 2023, Halma plc, a UK-based technology firm, completed the acquisition of FirePro for €150 million ($168 million). This strategic move by Halma aims to enhance its portfolio of fire detection and suppression solutions. By integrating FirePro's innovative aerosol-based fire suppression systems into its offerings, Halma expands its capabilities in addressing fire safety challenges. FirePro, based in Cyprus, specializes in manufacturing fire suppression and exhaust hood systems, further complementing Halma's product range and market presence.

Major companies operating in the automatic fire suppression system market are Hochiki Corporation, Siemens AG, United Technologies Corporation, Honeywell International Inc., Johnson Controls International plc, Tyco International, The Chemours Company, Minimax Viking GmbH, Halma plc, Gentex Corporation, Ansul Incorporated, Rotarex SA, Amerex Corporation, Fike Corporation, Cosco Fire Protection, Potter Electric Company, Grundfos Holding A/S, TOMCO2 Systems, Heiser Inc., FireTrace Ltd., Robert Bosch GmbH, American Fire Technologies, Janus Fire Systems, SEVO Systems, BlazeCut USA, Edwards Fire Safety, Solberg Scandinavian AS.

North America was the largest region in the automatic fire suppression system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic fire suppression system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the automatic fire suppression system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An automatic fire suppression system represents a critical apparatus engineered to detect, manage, and extinguish fires autonomously, eliminating the need for human intervention. These systems are pivotal for upholding fire safety across diverse settings and swiftly addressing sudden spikes in heat or fire occurrences within buildings, vehicles, or enclosed spaces, thereby mitigating risks to lives and property.

The primary categories of automatic fire suppression systems are engineered fire suppression systems and pre-engineered fire suppression systems. Engineered fire suppression systems are tailor-made solutions designed and implemented to automatically detect and quell fires in various environments such as commercial establishments, industrial complexes, data centers, and more. They encompass a range of applications including CO2, water, clean agent (gaseous), and aqueous (FOAM) fire suppression systems, serving diverse industries such as oil and gas, mining, manufacturing, and automotive.

The automatic fire suppression system market research report is one of a series of new reports that provides automatic fire suppression system market statistics, including automatic fire suppression system industry global market size, regional shares, competitors with a automatic fire suppression system market share, detailed automatic fire suppression system market segments, market trends and opportunities, and any further data you may need to thrive in the automatic fire suppression system industry. This automatic fire suppression system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automatic fire suppression system market consists of sales of sprinkler systems, gaseous suppression systems, water mist systems, pre-action systems, drencher systems, and kitchen fire suppression systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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