April 08, 2020
According to the research report titled ‘Africa Fire Suppression Market Size By Product, By Chemical, By End Use Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, Africa fire suppression market is expected to surpass USD 700 million by the year 2025.
Rapid industrialization and growing demand for fire protection systems are driving Africa fire suppression market growth. Electrical equipment industry has been witnessing rapid expansion in Africa over the years, which along with growing service sector is aiding the market expansion. Increasing consumption of highly combustible feed stock and raw materials across petrochemical, manufacturing and mining industries is fostering the demand for fire suppression systems across Africa.
Growing tourism and hospitality industry coupled with increased pervasiveness of fire accidents have enhanced the adoption of fire suppression systems. Adding to this, favorable government initiatives which promote deployment of fire suppression system for worker safety are stimulating the industry outlook.
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By product type, the report states that fire extinguisher segment will witness robust growth during the forecast period, owing to their extensive use across retail stores, warehouses, corporate offices and hospitals. Introduction of various chemical solutions to reduce the risk of fire in metal, gas, electric and oil industries along with development of innovative products are contributing towards popularity of fire extinguishers across Africa.
Citing the end use landscape, Africa fire suppression market share from commercial sector is presumed to expand significantly during the projected timeframe. Development of quick reflex sprinkler systems have reduced the risk of fire. Increasing construction of hospitals and educational institutes and strict regulations pertaining to installations of fire extinguishing systems in chemical laboratories, hospitals and colleges & universities are fueling the segmental growth.
As per regional analysis, the report cites that Kenya fire suppression industry is expected to register substantial growth in the ensuing years. Growing manufacturing and service sector in tandem with rising concerns regarding fire prevention and safety are augmenting the demand for fire suppression systems across Kenya.
Chubb Security, Pinsec, Advanced Fire Suppression Technology, Servspec, Akananzi, Alien Systems and Technologies, Security & Fire Projects, MS Fire Systems, Booyco Electronics SA, Amco (AMCO), RUHRPUMPEN, Spero Group, IntelliSEC, Safequip Pty Ltd., Failsafe Fire Projects, Fireco, TransFire, Advanced Automated Systems, Secutron Fire & Integrated System Pty. Ltd., Fire & Security Techniques (FST), Brigit Group and Red G are the prominent companies operating in Africa fire suppression market.
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