Fire Suppression System Market Size, Share and Trends 2024 to 2034

Fire Suppression System Market Size and Forecast 2024 to 2034

The global fire suppression system market size accounted for USD 22.34 billion in 2024 and is predicted to surpass around USD 36.53 billion by 2034, growing at a CAGR of 5.04% from 2024 to 2034. The rising cases of fire accidents in the commercial as well as in the residential infrastructure due to the short circuit, gas leakage, and others are driving the growth of the market. 

Fire Suppression System Market Key Takeaways

• North America dominated the fire suppression system market with the largest market share of 37% in 2023.
• Asia Pacific expects significant growth in the market during the forecast period.
• By product, the fire extinguishers segment contributed the biggest market share of 58% in 2023.
• By product, the sprinklers segment is predicted to witness significant growth in the market over the forecast period.
• By application, the industrial segment generated more than 50% of market share in 2023.
• By application, the residential segment is expected to have substantial growth in the market during the predicted period.

U.S. Fire Suppression System Market Size and Growth 2024 to 2034

The U.S. fire suppression system market size is evaluated at USD 6.94 billion in 2024 and is anticipated to be worth around USD 11.58 billion by 2034, growing at a CAGR of 5.22% from 2024 to 2034.

North America dominated the fire suppression system market in 2023. The growth of the market is attributed to the rising infrastructural development, which drives the expansion of residential and industrial buildings, and the demand for enhanced safety and security systems, which drive the growth of the fire suppression system. The rising government intervention in the infrastructural development and safety and regulations imposed in implementing fire safety standards in the buildings are contributing to the growth of the fire suppression system market in the region.

• The local fire departments estimated there would be 1.5 million fires in the United States in 2022, of which 13,250 reported civilian fire injuries and 3,790 civilian fire deaths.
• 25% of fires occurred in the home properties, which caused three-quarters of the civilian fire deaths (72%) and injuries (75%). 
• 13% of the fire cases occurred in vehicles, which accounts for almost 5% of civilian injuries and 16% of civilian deaths.

Asia Pacific expects significant growth in the market during the forecast period. The growth of the market is attributed to the rising investment in infrastructural development and the increasing population across regional countries such as India and China, which is boosting the demand for the construction sector for the development of residential and industrial buildings. The rising availability of the industries is accelerating the demand for fire safety to remove the loss of properties and life, collectively driving the growth of the fire suppression system market across the region.

• In 2022, India recorded 7566 fire accidents with 7435 fatalities, with an average of 60% of women fatalities and others being men.
• According to the NCRB, there are four major reasons for fire accidents: electrical/short circuits, cooking gas cylinder/stove burst, fireworks, and others.
• Out of 7,566 cases, 1,567 fire accidents occurred due to short circuits, followed by 1,551 cases due to gas cylinder bursts in 2022.
• Out of the 7566 fire accidents, a total of 4028 fire accidents take place in the residential dwellings, followed by 241 (3%) in commercial buildings.

Market Overview

Fire suppression is the group of devices or technologies that help reduce the impact of fire and extinguish the existing fire. It is a group of products that are specially designed to stop the fire from expanding. The fire suppression system is used to control the fire. It is an integral part of the fire protection system. It is specialized engineered devices that put the fire down. In such types of fire suppression, different types of extinguishing substances are used, such as foam, water, and chemical compounds.

How Can AI Impact the Fire Suppression System Market?

Artificial intelligence is revolutionizing various sectors by enhancing operational efficiency. The integration of AI into the fire suppression system helps in advancing proactive risk management for commercial buildings. The AI platform can analyze and detect the risk of potential fire hazards with the use of AI algorithms and sensor networks. AI can analyze real-time data from different sources, including thermal imaging cameras, smoke detectors, and environmental sensors. AI can also help detect the difference between false fire alarms and genuine fire threats. With the advancement in technologies and machine learning algorithms, the system continuously develops its detection capabilities.

• In September 2024, Huawei collaborated with the National and Kapodistrian University of Athens (NKUA), and the start-up PROBOTEK successfully launched the forest fire prevention system in Greece.  

Fire Suppression System Market Growth Factors

• Rising construction industry: The increasing population around the world, which creates the rising demand for the construction industry and the infrastructural development that drives the demand for implementing fire safety equipment and devices in buildings, are driving the growth of the fire suppression system market.
• Increase in industries: The rapid expansion in business and industrialization due to the rising demand for end-use products and services from the population is driving the development in manufacturing, chemicals, consumer goods, and other industries, which are driving the demand for industrial fire suppression systems.
• Government intervention: Rising government intervention in safety regulations in private and public buildings and the imposing of fire safety regulation compulsion in buildings are accelerating the demand for the fire suppression system market. 
• Increase in commercial buildings: The rising investment in the development of commercial infrastructure, such as corporate buildings, malls, hospitals, schools, and other public properties, is anticipated to drive the growth of the fire suppression system.
• Technological advancements: The increasing technological advancement in fire suppression technologies and the innovations in the new launch of fire extinguishers and fire sprinklers are collectively driving the growth of the market.

Market Scope

Market Dynamics

Driver

The rise in the cases of fire accidents

The rising cases of fire accidents in residential, commercial, or industrial properties due to short circuits, chemical and gas leakage, unawareness in maintenance of premises, and others are driving the demands for efficient fire protection devices or technologies that make the infrastructural environment safer and reduces the risk of assets, and life. The fire suppression system helps analyze and detect the fire before it causes more property damage; it is the group of instruments, such as different types of fire extinguishers and fire sprinkler systems, involved in it. Additionally, the rising awareness about the fire protection system also drives the growth of the fire suppression system market.

Restraint

High cost of technology

Organizations or industries are facing challenges in affording the cost of the advanced fire suppression system, which hampers the adoption of the system by the number of small- and medium-scale industries that restrain the growth of the fire suppression system market. 

Opportunity

Advancements in fire suppression system

The advancements in the fire suppression system include the integration of smart sensors, AI, and eco-friendly substances that transform fire detection and extinguishers. Technological evaluation, such as sprinkler innovations, extinguishing techniques, and active systems, enhances the efficiency of the system. Additionally, the enhanced safety features, integration of remote control systems in fire suppression technology, and others are collectively driving the potential opportunity in the market’s expansion. 

Product Insights

The fire extinguishers segment registered its dominance over the fire suppression system market in 2023. Fire extinguishers are one of the important safety devices that can be placed in every public or private building to reduce any unwanted accidents, fire, and damage due to fire. The rising awareness about increasing safety concerns in buildings or industrial and residential properties is driving the demand for fire suppression systems. Fire extinguishers are devices that consist of agents that can be used to cool down the heat, remove oxygen, and smother fuel, which can stop the fire from expanding. Fire extinguishers can be found in different types or sizes, particularly in buildings or private properties. Small fire extinguishers are places to quickly control small fires with properly trained individuals handling them. There are different types of fire suppression, such as water fire extinguishers, dry powder fire extinguishers, carbon dioxide fire extinguishers, foam fire extinguishers, wet chemical fire extinguishers, and others. 

• In August 2024, Bull Products, a leading provider of temporary fire protection solutions, added a new LFX lithium-ion fire extinguisher to its range of fire safety products. The launch is specially designed to address the challenges associated with lithium-ion battery fires. 

The sprinklers segment is predicted to witness significant growth in the fire suppression system market over the forecast period. The fire sprinkler system is one of the important aspects of fire safety in properties and buildings, and it is specially designed to extinguish fires in different settings. Fire sprinklers are used to prevent the spread of fire. The fire sprinkler system is used in several building settings, like residential buildings, including homes and senior living facilities. Commercial buildings such as office buildings, retail stores, restaurants, and hotels. Industrial facilities include factories, warehouses, and manufacturing plants. There are different types of fire sprinkler systems, such as wet pipe fire sprinkler systems, dry pipe fire sprinkler systems, pre-action fire sprinkler systems, and deluge fire sprinkler systems.

Application Insights

The industrial segment dominated the fire suppression system market in 2023. The increasing economic stability in the regional countries is accelerating the development in industries such as automobile, construction, electronics, food and beverages, consumer goods, technology, and others are driving the demand for increased fire safety systems. The industrial fire suppression system is specially designed to analyze, detect, and extinguish fire in different industrial settings. The technologies that are used in detecting fire in different settings are gas-based, water-based, gas-based, and powder-based agents. The industrial fire suppression system is an efficient and most important element in the industrial setting for protecting assets, people, and businesses from the effects of fire.

The residential segment is expected to grow substantially during the predicted period. The growth of the fire suppression system market is attributed to the rising population and the increasing demand for residential buildings, and the government intervention in implementing safety standards is accelerating the expansion of residential fire suppression systems. Residential fire suppression helps protect houses and flats from the devastating effects of fires. It provides assurance and peace of mind that if an emergency happens, residential fire suppression automatically begins before the expansion of the fire.

Fire Suppression System Market Companies

• Honeywell International Inc.
• Johnson Controls
• Robert Bosch GmbH
• Fike Corporation
• Minimax USA LLC
• GENTEX Corporation
• Halma Plc
• HOCHIKI America Corporation
• Siemens AG
• Raytheon Technologies Corporation

Recent Developments

• In September 2024, Plumis, a leading provider of fire suppression systems, came into a strategic collaboration with Ferguson, a distributor of fire protection products, to launch the Automist Fire Suppression System in the United States. 
• In April 2024, Tesla Power India Pvt, Ltd. partnered with E-Ashwa Automotive to launch India’s inaugural electric two-wheeler equipped with a fire suppressant system. 
• In August 2024, the ABL system launched the team commanded RS1 and GS0 through a smooth, flight-like countdown. The launch is a vehicle static fire update system.

Segments Covered in the Report 

By Product 

• Fire Extinguishers
• Gas
• Water
• Dry Chemical Powder
• Others
• Sprinklers

By Application

• Commercial
• Industrial
• Residential

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa