Key Takeaways
- The U.S. fire protection services industry generated $48.5 billion in revenue in 2023, marking a 2.1% increase from the previous year.
- Global fire protection systems market size reached $72.4 billion in 2023 and is projected to grow to $118.2 billion by 2030 at a CAGR of 7.2%.
- In 2022, the fire suppression segment accounted for 38% of the global fire protection market share.
- U.S. fire protection industry employment totaled 312,000 workers in 2023.
- Average hourly wage for fire protection and suppression workers was $28.45 in May 2023.
- There were 1,042,500 firefighters employed in the U.S. in 2022, with 68% being career firefighters.
- Total revenue for the top 50 U.S. fire protection contractors reached $15.2 billion in 2023.
- Profit margins in the fire protection services industry averaged 6.8% in 2023.
- Average EBITDA margin for public fire protection companies was 12.4% in FY2023.
- 45% of fire protection systems market revenue comes from sprinklers in 2023 globally.
- Adoption of wireless fire detection systems grew by 15% year-over-year in 2023.
- AI-integrated fire alarm systems market is projected to reach $5.6 billion by 2028.
- In 2022, U.S. fire departments responded to 1.3 million fire incidents, a 2.5% decrease from 2021.
- Structure fires caused 3,450 civilian deaths in 2022, with a rate of 10.4 deaths per million population.
- Sprinklers operated in 91% of reported structure fires where they were present in 2022.
The fire protection industry is growing globally with significant revenue from suppression systems and commercial projects.
Financial Indicators
- Total revenue for the top 50 U.S. fire protection contractors reached $15.2 billion in 2023.
- Profit margins in the fire protection services industry averaged 6.8% in 2023.
- Average EBITDA margin for public fire protection companies was 12.4% in FY2023.
- The industry spent $2.1 billion on capital expenditures in 2023, primarily on vehicles and equipment.
- Accounts receivable turnover ratio for fire protection firms was 8.2 times in 2023.
- Debt-to-equity ratio in the sector averaged 0.45 in 2023.
- Fire protection contractors' average revenue per employee was $155,000 in 2023.
- Cost of goods sold represented 52% of revenue in the industry in 2023.
- M&A activity in fire protection reached 15 deals totaling $2.3 billion in 2023.
- Insurance premiums for fire protection firms rose 8% in 2023.
- Return on assets for leading firms averaged 9.1% in 2023.
- R&D spending in fire tech firms was 4.2% of revenue in 2023.
- Viking Corp revenue $1.2 billion from fire sprinklers in 2023.
- Johnson Controls fire segment EBITDA $850 million in 2023.
- Industry bankruptcy rate 1.2% in 2023.
- Average project bid value $250,000 for commercial installs 2023.
- Tax deductions for equipment averaged 25% of capex.
- AR collection period 45 days industry average 2023.
Financial Indicators Interpretation
Market Analysis
- The U.S. fire protection services industry generated $48.5 billion in revenue in 2023, marking a 2.1% increase from the previous year.
- Global fire protection systems market size reached $72.4 billion in 2023 and is projected to grow to $118.2 billion by 2030 at a CAGR of 7.2%.
- In 2022, the fire suppression segment accounted for 38% of the global fire protection market share.
- North America holds 35% of the global fire protection services market in 2023 due to stringent building codes.
- The commercial sector contributed 42% to the U.S. fire protection industry revenue in 2023.
- Fire protection services market in Asia-Pacific is expected to grow at the highest CAGR of 8.1% from 2024 to 2030.
- European fire protection market valued at €25.6 billion in 2023.
- U.S. fire extinguisher services subsector revenue hit $1.8 billion in 2023.
- Industrial fire protection demand surged 9% in manufacturing hubs in 2023.
- Fire protection services CAGR in Canada was 3.4% from 2018-2023.
- Middle East fire safety market to grow at 6.8% CAGR to 2030.
- U.K. fire protection industry revenue reached £2.1 billion in 2023.
- Fire inspection services grew 4.5% in revenue in 2023 U.S.
- Global fire protection market CAGR projected at 6.5% to 2032.
- Sprinkler system services submarket worth $18.9 billion in 2023.
- China fire protection market size $12.4 billion in 2023.
- Australia fire services industry revenue AUD 4.2 billion in 2023.
- Healthcare facilities drove 22% growth in fire protection installs 2023.
- Data centers boosted demand by 12% in 2023.
Market Analysis Interpretation
Safety and Response Metrics
- In 2022, U.S. fire departments responded to 1.3 million fire incidents, a 2.5% decrease from 2021.
- Structure fires caused 3,450 civilian deaths in 2022, with a rate of 10.4 deaths per million population.
- Sprinklers operated in 91% of reported structure fires where they were present in 2022.
- Average fire department response time to structure fires was 4 minutes 30 seconds in 2022.
- Residential fires accounted for 73% of all civilian fire deaths in 2022.
- Firefighter injuries totaled 61,250 in 2022, down 6% from prior year.
- U.S. structure fires declined 3% to 1,058,000 incidents in 2022.
- Vehicle fires caused $1.9 billion in property damage in 2022.
- Cooking equipment involved in 49% of home fires in 2022.
- Fire sprinklers reduced fire spread in 96% of activations in 2022.
- Wildland fires burned 7.2 million acres in 2023.
- Civilian fire injuries: 11,200 in 2022, down 4%.
- Electrical malfunctions caused 7% of fires, $1.2B damage 2022.
- Outside fires: 376,000 incidents, 3 deaths in 2022.
- Sprinkler failure rate 4% due to shutoffs in 2022.
- Fire deaths per 1,000 fires: 2.6 in 2022.
Safety and Response Metrics Interpretation
Technological Developments
- 45% of fire protection systems market revenue comes from sprinklers in 2023 globally.
- Adoption of wireless fire detection systems grew by 15% year-over-year in 2023.
- AI-integrated fire alarm systems market is projected to reach $5.6 billion by 2028.
- IoT-enabled fire protection devices saw a 22% increase in installations in commercial buildings in 2023.
- Clean agent suppression systems accounted for 28% of suppression market in 2023.
- Video smoke detection technology deployment rose 18% in data centers from 2022-2023.
- Drone-based fire monitoring systems market hit $450 million in 2023.
- Smart fire alarms with voice evacuation grew 25% in sales in 2023.
- Water mist systems captured 15% of suppression market in 2023.
- Cloud-based fire management software users increased 30% in 2023.
- Thermal imaging cameras in fire services rose to 85% adoption by 2023.
- Gas-based suppression systems market $10.2 billion in 2023.
- Biometric fire access controls up 20% in high-rises 2023.
- Lithium-ion battery fire suppression tech sales doubled in 2023.
- Predictive analytics reduced false alarms by 40% in 2023 pilots.
- Portable extinguishers inspected 95% compliance in audits 2023.
- NFPA 72 compliance rate 88% in new builds 2023.
Technological Developments Interpretation
Workforce Data
- U.S. fire protection industry employment totaled 312,000 workers in 2023.
- Average hourly wage for fire protection and suppression workers was $28.45 in May 2023.
- There were 1,042,500 firefighters employed in the U.S. in 2022, with 68% being career firefighters.
- 72% of U.S. firefighters are volunteers, comprising 672,000 individuals in 2022.
- Firefighter employment grew by 4.2% from 2019 to 2023 in the U.S.
- Women represent 5.2% of career firefighters and 12.8% of volunteer firefighters in 2023.
- Firefighter training hours averaged 500 annually per career firefighter in 2023.
- 28% of U.S. fire departments had fewer than 10 personnel in 2022.
- Turnover rate for firefighters was 7.2% in 2023.
- EMS calls now represent 65% of total fire department responses in 2023.
- Minority firefighters make up 22.5% of career positions in 2023.
- Average age of U.S. firefighters is 41.2 years in 2023.
- Fire protection technicians numbered 45,000 in U.S. 2023.
- 15% of firefighters reported PTSD symptoms in 2023 survey.
- Volunteer firefighter numbers dropped 5% from 2018-2023.
- Diversity training reached 78% of departments in 2023.
- Overtime costs for fire departments averaged $1,200 per firefighter yearly.
- Unionized firefighters: 52% of career staff in 2023.
Workforce Data Interpretation
Sources & References
- Reference 1IBISWORLDibisworld.comVisit source
- Reference 2GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 3MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 4FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 5MORDORINTELLIGENCEmordorintelligence.comVisit source
- Reference 6BLSbls.govVisit source
- Reference 7NFPAnfpa.orgVisit source
- Reference 8USFAusfa.fema.govVisit source
- Reference 9ENRenr.comVisit source
- Reference 10STATISTAstatista.comVisit source
- Reference 11DNBdnb.comVisit source
- Reference 12MACROTRENDSmacrotrends.netVisit source
- Reference 13EFPAefpa.euVisit source
- Reference 14PRNEWSWIREprnewswire.comVisit source
- Reference 15ARIZTONarizton.comVisit source
- Reference 16IBISWORLDibisworld.co.ukVisit source
- Reference 17PWCpwc.comVisit source
- Reference 18INSURANCEJOURNALinsurancejournal.comVisit source
- Reference 19FINANCEfinance.yahoo.comVisit source
- Reference 20GMINSIGHTSgminsights.comVisit source
- Reference 21FIREENGINEERINGfireengineering.comVisit source
- Reference 22NIFCnifc.govVisit source
- Reference 23ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 24RESEARCHANDMARKETSresearchandmarkets.comVisit source
- Reference 25DATACENTERKNOWLEDGEdatacenterknowledge.comVisit source
- Reference 26IAFCiafc.orgVisit source
- Reference 27IAFFiaff.orgVisit source
- Reference 28VIKINGGROUPINCvikinggroupinc.comVisit source
- Reference 29JOHNSONCONTROLSjohnsoncontrols.comVisit source
- Reference 30CONSTRUCTIONDIVEconstructiondive.comVisit source
- Reference 31IRSirs.govVisit source
- Reference 32CREDITWORTHYcreditworthy.comVisit source
- Reference 33SECURITYMAGAZINEsecuritymagazine.comVisit source
- Reference 34BATTERYSAFETYbatterysafety.comVisit source
- Reference 35FIREPROTECTIONONLINEfireprotectiononline.co.ukVisit source






