Lucintel's latest market report analyzed that fire suppression provides attractive opportunities in the industrial, commercial, transportation, and residential markets. The fire suppression market is expected to reach $23.7 billion by 2026 with a CAGR of 4.2%. In this market, gaseous is the largest segment by product type, whereas industrial is largest by end use industry. The development of sound based fire extinguisher, video image smoke detector, and development of voice evacuation system provides strategic growth path in this market.
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Based on product type, the fire suppression market is segmented into chemical,
gaseous, water, and foam based. The gaseous segment accounted for the largest
share of the market in 2020 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 the industrial and commercial applications will drive the market.
Browse in-depth TOC on “Fire
Suppression Market”
59 – Tables
98 – Figures
209 – Pages
The fire suppression
market is marked by the presence of several big and small players. Some of the
prominent players offering fire suppression include Johnsons Control, United
Technology Corporation, Minimax, Robert Bosch, Halma PLC, Siemens, Hochiki,
Firefly AB, Honeywell, Fike Corporation, and 3S Incorporated.
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This unique research report will enable you
to make confident business decisions in this globally competitive marketplace. For
a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on
this link helpdesk@lucintel.com.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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