About Fire Sprinkler
Fire sprinkler systems are helpful for the environment with reducing the emissions of greenhouse gases from buildings on fire as well as reducing the water use by fire rescue services in controlling fires. These systems have ability of detecting & restricting the spread of fire by reducing fire in the early stages with very low water usage. Safety of life and property as well as prevention of loss due to fire-break are the chief concerns that have needed the demand for fire sprinklers. Moreover, Fire sprinkler services are essential in various sectors including oil & gas, energy & power, manufacturing, transportation, and mining, among others. The increasing demand from these various industries is likely to boost the growth of the global fire sprinkler market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
CAGR | 10.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Fire Sprinkler market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell International Inc. (United States), Johnson Controls (United States), Minimax GmbH & Co. KG (Germany), API Group Inc. (United States), United Technologies Corporation (United States), Robert Bosch GmbH (Germany), Hochiki Corporation (Japan), Siemens AG (Germany) and Viking Group Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are KOORSEN FIRE & SECURITY (United States) and REDA Hazard Control (Saudi Arabia).
Segmentation Overview
AMA Research has segmented the market of Global Fire Sprinkler market by Type (Wet Pipe Fire Sprinkler, Dry Pipe Fire Sprinkler, Foam Fire Sprinkler, Pre-action Fire Sprinkler and Deluge Fire Sprinkler), Application (Residential, Commercial, Industrial and Institutional) and Region.
On the basis of application, Industrial segment is dominating the market and held 34.0% of market share in the year 2023 where as Commercial segment stood as second largest market .On the basis of geography, the market of Fire Sprinkler has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Components, the sub-segment i.e. Alarm Valve will boost the Fire Sprinkler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Active Sprinkler System will boost the Fire Sprinkler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. 12.7mm will boost the Fire Sprinkler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising trend of automation in commercial buildings & homes in developing nations
Market Growth Drivers:
Increasing fire protection spending across enterprises & growing fire related deaths & loss of property and Stringent government norms for installation of fire sprinklers
Challenges:
Design & maintenance of Fire Sprinklers
Restraints:
Huge cost of retrofitting fire sprinklers in current buildings and Low integrity in system interfaces
Opportunities:
Increasing rules and obligatory standards and Growing awareness about the benefits of installing fire sprinklers around the world
Market Leaders and their expansionary development strategies
In May 2023, Pye-Barker Fire & Safety – the largest fully integrated fire protection, life safety and security services provider acquired of Automatic Fire Sprinklers, Inc., one of the nation's largest multi-family automatic fire sprinkler contractors, This acquisition enhances Pye-Barker's fire sprinkler services on the West Coast and reflects the company's purposeful geographic expansion and acquisition strategy.
In November 2020, Johnson Controls, the global leader for smart and sustainable buildings, is reimagining fire safety with the launched of its Smart Connected Fire Sprinkler Monitoring solution. Leveraging the latest in monitoring, sensor and data transfer technology, the Smart Connected Fire Sprinkler Monitoring solution continuously gathers information, such as pressure, temperature and water presence, to measure the overall health of the sprinkler system.
Fire sprinkler application and installation guidelines, & overall fire sprinkler system design guidelines are offered by the National Fire Protection Association (NFPA) 13, (NFPA) 13D, and (NFPA) 13R in United States.
Key Target Audience
Product Manufacturers, Raw Material Suppliers, Distribution consultancies, Government, and Research Organizations & Associations and End users
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.