Global Low Pressure CO2 Systems Market Size By Type (Fixed type, Mobile type), By Application (Coal Handling and Storage Systems, Food Industry), By Region, And Segment Forecasts, 2023 to 2031

The Global Low Pressure CO2 Systems Market was valued at USD 2.3 billion in 2023 and is projected to surpass USD 3.8 billion by 2031, registering a CAGR of 6.1% during the forecast period from 2023 to 2031. Low pressure CO2 systems are widely utilized for fire suppression, particularly in industrial and commercial applications, owing to their efficiency, cost-effectiveness, and environmental compatibility. Growing industrialization, stringent fire safety regulations, and advancements in fire suppression technologies are driving the market growth.

Drivers

Stringent Fire Safety Regulations: Increasing global emphasis on workplace safety and stringent fire safety norms are pushing organizations to adopt reliable fire suppression solutions like low-pressure CO2 systems.

Expanding Industrial Base: Growth in sectors like manufacturing, oil & gas, and power generation creates a demand for robust fire protection systems, bolstering market growth.

Technological Advancements: Innovations in system design, including improved CO2 distribution and detection mechanisms, enhance performance, spurring market adoption.

Restraints

High Installation and Maintenance Costs: The capital investment for installing low pressure CO2 systems can be prohibitive, especially for small enterprises.

Environmental Concerns: While CO2 is effective for fire suppression, its environmental impact as a greenhouse gas poses challenges in its broader adoption.

Opportunities

Integration with IoT and Smart Systems: Advanced monitoring and remote control capabilities integrated with IoT provide new growth avenues.

Growing Adoption in Emerging Markets: Increasing industrialization in developing economies like India, China, and Brazil offers significant market opportunities.

Market by System Type Insights

The market is segmented into Total Flooding Systems and Local Application Systems. In 2023, Total Flooding Systems dominated the market due to their wide application in protecting enclosed spaces like server rooms, manufacturing units, and warehouses.

Market by End-use Insights

The end-use segmentation includes industries such as Oil & Gas, Manufacturing, Energy & Power, and Warehousing. The Oil & Gas sector accounted for the largest revenue share in 2023, driven by the need for reliable fire suppression in high-risk environments.

Market by Regional Insights

North America: Held the largest market share in 2023 due to stringent fire safety standards and robust industrial activity.

Asia-Pacific: Expected to grow at the fastest rate during the forecast period, supported by rapid industrialization and increasing fire safety awareness in countries like China and India.

Europe: Significant growth due to modernization of fire safety systems in industries.

Competitive Scenario

Key players in the market include Tyco Fire Protection Products, Kidde Fire Systems, Fike Corporation, Minimax Viking GmbH, and Janus Fire Systems. Recent developments include:

In 2023, Fike Corporation launched an IoT-enabled CO2 fire suppression system, enhancing system monitoring and maintenance.

In 2024, Kidde Fire Systems introduced an eco-friendly low-pressure CO2 system designed to minimize greenhouse gas emissions.

Scope of Work – Global Low Pressure CO2 Systems Market