Press release
Fire Suppression Market Revenue and Growth Analysis | Global Market Insights
Fire Suppression Market
Fire Suppression Market is predicted to exceed USD 16 billion by 2024. strict government norms towards public safety coupled with rising consumer awareness will stimulate the fire suppression market size. Introduction of safety standards and codes along with growing commercial floorspace will further boost the product penetration. As per the American Chemistry Council (ACC), the fire codes set by IFC and NFPA states that zones with upholstered furniture must be installed with sprinkler system.
The U.S. fire suppression market is projected to exceed 150 million units of annual installation by 2024. Technological advancement in the product design and development coupled with growing construction industry will foster the industry outlook. Rising demand for less toxic, environment friendly, new generation and automatic systems will further enhance the business growth. In the U.S., National Fire Protection Association (NFPA) has set regulations and codes to standardize the protection systems and equipment in the country.
Request a sample copy of this research report: https://www.gminsights.com/request-sample/detail/2059
Growing awareness towards the adoption of fire protection equipment to mitigate the accidents and hazards will fuel the fire suppression market growth. Introduction of green buildings in Europe along with strict safety regulations will foster the business landscape. In 2014, as per the NFPA, the U.S. reported around 37,000 accidents from industrial sector, occurred majorly due to structured fires.
Rapid industrialization across the developing nations coupled with growing demand for safety equipment will embellish the fire suppression market share. Ongoing investments across Africa and Asia-Pacific towards the expansion of commercial, industrial, and residential establishments will further propel the product penetration. As per the statistics bureau of Central Banks and Governments, Asia Pacific has witnessed investment of USD 10.6 billion for the development of Industrial sector in 2016.
Germany fire suppression market is set to witness substantial growth owing to the improvisation and enhancement of safety standards. As per European Commission, offices and residential buildings with height of over 60 meters must be installed with a sprinkler system to meet the safety standards in Germany.
Saudi Arabia fire suppression market was valued over 150 million in 2016 on account of ongoing oil & gas projects coupled with establishment and expansion of other available industries. In 2015, the total number of industrial units reached up to 7,007 with an investment of USD 290 billion. Growing investments toward advanced building technologies along with government regulations to reduce natural hazards will further boost the product adoption.
Request for customization: https://www.gminsights.com/roc/2059
Key players in global fire suppression market include United Technologies Corporation, TYCO, Minimax, Bristol Fire Engineering, Lubrizol, Halma PLC, Firetronics, SFFECO, NAFFCO, Master Fire Preventions, National Fire Equipment and Amerex Corporation.
Related Reports:
Range Hood Market: https://www.globenewswire.com/news-release/2019/11/21/1950589/0/en/Range-Hood-Market-value-to-hit-USD-10-bn-by-2026-Global-Market-Insights-Inc.html
Ice Maker Market: https://www.globenewswire.com/news-release/2019/11/11/1944451/0/en/Ice-Maker-Market-to-Cross-USD-2-5-Billion-by-2025-Global-Market-Insights-Inc.html
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Fire Suppression Market Revenue and Growth Analysis | Global Market Insights here
News-ID: 2283756 • Views: …
More Releases from Global Market Insights, Inc.
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%.
A major driver behind this growth…
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
More Releases for USD
Bone Cement Market Outlook USD 1,871.10M-USD 3,512.31M
How Is the Bone Cement Market Supporting the Rise of Modern Orthopedic Surgery?
The Bone Cement Market plays a critical role in modern orthopedic and spinal procedures, acting as a foundational material for joint replacement, fracture fixation, and vertebral stabilization. Bone cement is widely used to anchor implants, restore bone structure, and improve patient mobility-making it an essential component of musculoskeletal care.
In 2025, the global bone cement market was valued at…
Autologous Cell Therapy Market Outlook USD 9.31B-USD 54.83B
How Is the Autologous Cell Therapy Market Redefining the Future of Precision Medicine?
The Autologous Cell Therapy Market is rapidly emerging as one of the most transformative areas in modern healthcare, offering highly personalized treatment options for complex and chronic diseases. By using a patient's own cells to repair, replace, or regenerate damaged tissues, autologous cell therapy minimizes immune rejection risks while maximizing therapeutic effectiveness.
In 2025, the global autologous cell therapy…
US Ostomy Care and Accessories Market USD 4.03B-USD 6.75B
How Is the United States Ostomy Care and Accessories Market Evolving to Meet the Needs of a Growing Patient Population?
The United States Ostomy Care and Accessories Market plays a critical role in improving the quality of life for millions of patients who undergo life-altering surgical procedures involving the digestive or urinary systems. Ostomy care products are essential medical devices designed to manage bodily waste safely and discreetly following surgeries such…
PACS Market USD 5.59B in 2025, USD 9.73B by 2035
Picture Archiving and Communication System (PACS) Market Expands as Digital Imaging Transforms Global Healthcare
Introduction: PACS at the Core of Modern Medical Imaging
The healthcare industry is undergoing a rapid digital transformation, with medical imaging playing a critical role in diagnosis, treatment planning, and patient monitoring. At the heart of this transformation lies the Picture Archiving and Communication System (PACS)-a technology that enables the storage, retrieval, management, and sharing of medical images…
Global HEOR Market USD 1.70B-USD 6.03B
Health Economics and Outcomes Research (HEOR) Market Accelerates as Value-Based Healthcare Redefines Global Decision-Making
Introduction: The Growing Importance of HEOR in Modern Healthcare
The global healthcare industry is undergoing a profound transformation, shifting from volume-driven care models to value-based healthcare systems that prioritize patient outcomes, cost efficiency, and real-world effectiveness. At the center of this transformation lies Health Economics and Outcomes Research (HEOR)-a discipline that evaluates the economic value, clinical outcomes, and…
Foam Tape Market Outlook 2035: Industry Growth from USD USD 4.89 Billion (2025) …
The Foam Tape Market plays a vital role in modern industrial and manufacturing ecosystems. Foam tapes are pressure-sensitive adhesive products manufactured using materials such as polyurethane, polyethylene, PVC, and acrylic foam. These tapes are widely used for bonding, sealing, insulation, cushioning, vibration damping, and noise reduction across multiple industries. Their ability to replace traditional mechanical fasteners like screws, bolts, and rivets has positioned foam tapes as a preferred solution in…
