Global Fixed Firefighting Misting System Market Size By Product (High Pressure Fixed Firefighting Misting System, Non-high Pressure Fixed Firefighting Misting System), By Application (Industrial Use, Commercial Use), By Geographic Scope And Forecast

Fixed Firefighting Misting System Market Size And Forecast

Fixed Firefighting Misting System Market size was valued at USD 358.78 Million in 2022 and is projected to reach USD 616.53 Million by 2030, growing at a CAGR of 6.21% from 2023 to 2030. The growth in the construction industry is the crucial aspect of the rise in the market revenue of Fixed Firefighting Misting System as well as the increasing human and property loss due to fire breakouts will foster market growth. The Global Fixed Firefighting Misting System Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Fixed Firefighting Misting System Market Definition

Fixed fire extinguishing or suppression systems are generally utilized to guard areas holding expensive or decisive equipment such as data processing rooms, telecommunication switches, and process control rooms. A water mist system is a fire protection system that uses very fine water sprays (i.e. water mist). The small water droplets enable the water mist to control, suppress or extinguish fires by cooling both the flame and surrounding gases by evaporation, displacing oxygen by evaporation.

Global Fixed Firefighting Misting System Market Overview

The decrease in water usage has resulted in improved adoption of high-pressure misting systems over conventional sprinklers by environmentally conscious customers. Furthermore, the misting systems being harmless to people and the environment is gaining popularity among customers. Special purpose systems for applications including Ro-Ro spaces of ship and datacenters are the key driving factors of the market.

The upsurge in demand for specific purpose applications including data center and Ro-Ro spaces of the ship is positively contributing to the high-pressure fixed firefighting misting system industry. The increasing safety concerns among cloud service providers have shifted their focus on firefighting misting systems as an ideal solution. Owing to its numerous advantages including faster activation, effortless installation, smooth running of data center even during fire suppression, and eco-friendly.

Global Fixed Firefighting Misting System Market: Segmentation Analysis

The Global Fixed Firefighting Misting System Market is segmented on the basis of Product, Application, and Geography.

Fixed Firefighting Misting System Market, By Product

• High Pressure Fixed Firefighting Misting System
• Non-high Pressure Fixed Firefighting Misting System

Based on Product, the market is bifurcated into High-Pressure Fixed Firefighting Misting Systems and Non-high Pressure Fixed Firefighting Misting Systems. High Pressure Fixed Firefighting Misting System segment is anticipated to dominate the market by volume, owing to high efficiency.

Fixed Firefighting Misting System Market, By Application

• Industrial Use
• Commercial Use
• Residential Use

Based on Application, the market is bifurcated into Industrial Use, Commercial Use, and Residential Use. The industrial sector is expected to be the fastest growing with a growth rate of more than 8% over the forecast period. The accelerating installation by industrial buyers owing to flexibility, cost-effectiveness, remarkable efficiency, and insignificant damage.

Fixed Firefighting Misting System Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Geography, the Global Fixed Firefighting Misting System Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America is foreseen to continue dominating the market through the projection period. The National Fire Protection Association of the U.S. has stipulated special norms regarding high pressure fixed firefighting system. Implementation of stringent regulations aimed at improving fire safety across diverse sectors will aid the market's expansion.

Key Players

• The "Global Fixed Firefighting Misting System Market" study report will provide valuable insight emphasizing the global market. The major players in the market are
• FOGTEC, United Technologies, Ultrafog, Danfoss, Tyco, Swastik Synergy.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In November 2021, United Technologies Corp. announced that it separated into three different independent companies following its acquisition of aerospace firm Rockwell Collins. UTC will be operating as an aerospace company and Otis elevator and climate controls & security (CCS) will be renamed as Carrier.
• In March 2022, Johnson Controls, leading in healthy and sustainable buildings announced its IQ4 Hub, targeting Builder, Multifamily, Residential and Wellness Installation, this is launched as an alternative to IQ Panel 4 allowing the customers to meet the demand of mass and emerging markets.
• On April 2022, Johnson Controls, a globally renowned company for healthy, smart and sustainable solutions announced the acquisition of Xcell Misting Ltd, which is an expert fire protection company that specially designed innovative fire suppression and detection systems, and is specialized in innovative water mist technologies. With this acquisition, the customers of Johnson Control will benefit from Xcell's experience in fire protection and security.
• On June 2022, Altus Fire and Life Safety, a fire and safety platform announced that it has acquired BK Systems, a provider of installation, monitoring and repair services for fire suppression, fire alarm, and security systems, and is a leader in fire and safety market. This is the seventh strategic acquisition of Altus and is made its platform better in northern England.