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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.
An emerging trend, which has a direct impact on the dynamics of the industry, includes development of sound based fire extinguisher, video image smoke detector, and 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. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the fire suppression market report, please download the report brochure.