Automatic fire suppression market expected to reach $22.31 billion by 2028

The global market for automatic fire suppression systems is projected to reach $22.31 billion by 2028, according to a new report by The Business Research Company. This represents a Compound Annual Growth Rate (CAGR) of 6.2%.

The report, titled "Automatic Fire Suppression System Global Market Report 2024," cites increasing construction activity as a key driver of market growth. As more buildings are built around the world, the need for effective fire safety measures also rises.

The report identifies North America as the region expected to hold the largest market share for automatic fire suppression systems. This dominance can be attributed to factors such as stringent fire safety regulations and a high level of awareness about the importance of fire protection.

Major Players in the Market

The report also highlights some of the key players in the automatic fire suppression system market, including:

• Hochiki Corporation
• Siemens AG
• United Technologies Corporation
• Honeywell International Inc.
• Johnson Controls International plc.

Market Segmentation

The Business Research Company's report segments the automatic fire suppression system market by several factors, including Engineered Fire Suppression Systems and Pre-Engineered Fire Suppression Systems.

CO2 Fire Suppression Systems, Water Fire Suppression Systems, Clean Agent (Gaseous) Fire Suppression Systems, Aqueous (Foam) Fire Suppression Systems, and other applications, are also covered.

How to Get More Information

Those interested in learning more about the automatic fire suppression system market can access a free sample of the report, which includes graphs and tables, by visiting the following link: https://www.thebusinessresearchcompany.com/sample_request?id=14639&type=smp