About Home Fire Sprinklers
Augmented fire protection spending and rise in fire-related deaths and loss of property as well as the growing trend of automation in homes in emerging countries will help to boost global Home Fire Sprinklers market in the forecasted period. A home fire sprinkler system contains water supply and supply piping system installed on walls or ceilings. It gets activated once the sprinkler head reaches the activation temperature in case of a fire breakout and sprays high-pressure water over the flames to extinguish them. Furthermore, manufacturers are continuously enlightening their products and introducing high-performance systems with minimal water wastage.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.1% |
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 Vendors will contribute the maximum growth to Global Home Fire Sprinklers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tyco (Switzerland), API Group, Inc. (United States), Honeywell International, Inc. (United States), Johnson Controls, Inc. (United States), United Technologies Corporation (United States), Hochiki Corporation (Japan) and Robert Bosch GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Viking Fire Products (India) Pvt. Ltd. Warehouse (India), Siemens AG (Germany), Minimax GmbH & Co. KG (Germany) and VT MAK (United States).
Segmentation Overview
AMA Research has segmented the market of Global Home Fire Sprinklers market by Type (Wet Pipe Fire Sprinklers, Dry Pipe Fire Sprinklers, Deluge Systems, Pre-Action Systems and Others), Application (Commercial Applications, Residential Applications and Industrial Applications) and Region.
On the basis of geography, the market of Home Fire Sprinklers 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). If we see Market by Technology, the sub-segment i.e. Active Fire Protection will boost the Home Fire Sprinklers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Engineering Services will boost the Home Fire Sprinklers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Stop Valve will boost the Home Fire Sprinklers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Fire Sprinklers Equipped with Fire Sensors and Increasing Adoption of Home Automation Leading to Growing Demand for Home Fire Sprinklers
Market Growth Drivers:
Protects Life, Property, and Prevention of Damage or Loss Due to Fire-Break and Increasing Government Reimbursements in Installation of Fire Sprinklers
Challenges:
Lack of Awareness about Fire Sprinklers from Underdeveloped Economies
Restraints:
Comparatively Higher Initial Investments in Establishment of Fire Sprinklers and Integration Complexities in Deploying Fire Sprinkler Systems in Existing Building Structures
Opportunities:
Upsurging Insurance Industry and Policies for Commercial Buildings Regarding Fire Safety and Increasing Construction Developments from Emerging Economies
Market Leaders and their expansionary development strategies
In March 2022, APi Group Corporation announced that it has completed its previously announced acquisition of the Chubb fire and security business from Carrier Global Corporation for an enterprise value of USD 3.1 billion, which is comprised of USD 2.9 billion cash and approximately USD 200 million of assumed liabilities and other adjustments.
March 2022 - Reliable Automatic Sprinkler Co., Inc. introduced Standard and custom printed cover plates for use with flat plate residential, commercial, and specialty concealed sprinklers.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
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.