Powder Fire Suppression Systems Market Size, Share & Trends Analysis Report By Application (Residential, Commercial, Industrial), By Region (North America, Asia Pacific), And Segment Forecasts, 2023 - 2030

Report Overview

The global powder fire suppression systems market size was estimated at USD 4.37 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030. The rising importance of fire safety products and growing emphasis by the government and regulatory agencies to improve fire safety standards will drive the industry. The COVID-19 pandemic resulted in a disruption in the demand and supply of powder fire suppression systems due to the restrictions and limitations on industrial activities. Worldwide lockdowns and restrictions led to reduced trade activities, raw material availability & price fluctuations, and a lack of skilled labor.

This, in turn, affected the market growth during the pandemic. U.S. accounted for a significant market share and is expected to expand at a CAGR of 3.9% from 2023 to 2030. This is attributed to the established regulatory framework in the country that governs high consumer awareness and higher implementation of fire safety precautions in residential, commercial, and industrial premises. In addition, the U.S. government is actively taking an effort to provide support to domestic businesses.

For instance, in January 2022, the U.S. government introduced America Creating Opportunities for Manufacturing, Pre-Eminence in Technology, and Economic Strength (COMPETES) Act. The government focuses on developing the supply chain, enhancing the workforce, and growing domestic manufacturing through this legislation. The market growth is significantly driven by the rising population across the world. The growing population is creating a housing crisis in various metro cities. As a solution, high-rise building construction projects are rapidly increasing.

This demands better fire safety regulations for high-rise buildings, which is likely to propel the industry growth over the forecast period. Furthermore, the expansion of the commercial sector is also driving the growth of the overall industry. National Fire Protection Association (NFPA) standard 10 states that commercial places should install/provide portable fire extinguishers for the protection of cooking appliances that use combustible cooking media and other combustible substances. Such implementation of stringent regulations is anticipated to drive industry growth.

Application Insights

The industrial application segment led the global industry in 2022 and accounted for the maximum share of 44.70% of the overall revenue. The industrial segment consists of powder fire suppression systems used in manufacturing facilities, data hosting centers, warehouses & storage buildings, etc. These places are more prone to fire has yards. Moreover, fire protection laws and regulations are more developed and highly implemented compared to the residential and commercial sectors.  For instance, according to the Occupational Safety and Health Administration (OSHA) standard, portable fire extinguishers must be placed within a travel distance of 75 feet in industrial units.

The residential segment is anticipated to witness a robust growth rate during the forecast period. The rising population and growing housing sector are expected to significantly fuel the demand for powder fire suppression systems over the forecast period. Moreover, the rising awareness related to fire safety protocols meant for residential applications among end-users across the world is expected to fuel the product demand in residential buildings. For instance, in November 2022, the Federation of European Fire Officers (FEU) and the European Fire Safety Alliance together launched an EU-wide awareness program.

Regional Insights

North America dominated the industry in 2022 and accounted for the largest share of more than 45.75% of the overall revenue. The region is characterized by substantial growth in the information, automotive, mining, textile, and chemical industries. Rising investments in the industrial sector across North America are expected to boost product demand in the industrial see ctor. Moreover, on the account of the rising multi-family housing projects and growing high-rise building construction are anticipated to fuel the growth of the regional market. The installation of portable fire safety products in high-rise buildings is becoming mandatory, which is expected to d the product demand over the forecast period.

Asia Pacific is expected to register the fastest CAGR during the forecast years. This is significantly attributed to industrial development and rising product awareness among the masses. Increased construction activities, manufacturing output, growth in the commercial sector, and a rising population demanding expansion of the housing sector are likely to drive the segment growth over the forecast period. Furthermore, rising government initiatives and updation of the laws & regulations for the residential, commercial, and industrial sectors are likely to act as key market growth drivers. For instance, in Australia, Civil Aviation Safety Authority (CASA) recommends that at least one fire extinguisher must be accessible to the pilot.

Key Companies & Market Share Insights

The global industry is competitive due to the presence of many global, regional, and local players. Key players are actively focusing on product development, merger & acquisition, joint venture, partnership, and geographic expansion to cater to the rising demand for fire safety products. For instance, in June 2022, Zenova PLC, a fire safety and heat management solutions provider based in the U.K., appointed a sub-distribution partner in Saudi Arabia through a distribution agreement with Ethmaar Investment Company. The company aims to increase its market presence in Saudi Arabia by providing thermal insulation and fire protection products. Some prominent players in the global powder fire suppression systems market include:

• Johnson Controls

• Carrier

• Reliable Fire & Security

• Koorsen Fire & Security

• Gielle Group

• Afex Fire Suppression Systems

• American Fire Technologies

• Fireaway Inc.

• Buckeye Fire

• Amerex Corp.

• AKRONEX International Fire Engineering Inc.

• SIEX

• Hochiki Corp.

• NAFFCO FZCO

• Halma plc

Powder Fire Suppression Systems Market Report Scope

Global Powder Fire Suppression Systems Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global powder fire suppression systems market based on application and region:

• Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Residential

  • Commercial

  • Industrial

    • Automotive

      • Paint Booths

      • Inflammable Liquid Storage

      • Others

    • Chemical

    • Oil & Gas

    • Power Generation

    • Aviation

    • Mining

    • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • France

    • Germany

    • U.K.

    • Spain

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Central & South America

    • Argentina

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

    • South Africa

    • Israel