Global Fire Sprinklers Market, By Type (Wet Sprinkler System, Pre-Action Sprinkler System, Dry Sprin

Published Date: | Report Code : EQ1958432

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A Fire Sprinkler System consists of a water supply and distribution 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. In recent years, these systems have gained popularity across the residential, transportation and healthcare sectors. Various insurance firms are also providing incentives for installing these systems which has led to an increase in their sales worldwide. 

Industries like oil and gas, mining, and petrochemical are prone to fire accidents as they deal with flammable materials regularly. Owing to the frequent loss of life and possessions in fire incidences, the installation rate of these sprinkler systems has escalated in the past few years. Moreover, manufacturers are continuously improving their products and introducing high-performance systems with minimal water wastage. For example, HI-FOG technology enables the flames to cool down effectively and displaces oxygen locally while using comparatively less water than traditional sprinkler systems. High-performance automatic systems have also been implemented by manufacturers using thermal radiation technology to detect fires. Additionally, governments across the globe are also imposing strict regulations for the installation of fire sprinklers in both public and private establishments. For instance, the National Building Code of India has mandated the installation of automatic sprinkler systems, fire extinguishers, and water sprays. Similarly, the NFPA “Building Construction and Safety Code” in the US includes a requirement for home fire sprinklers in one- and two-family dwellings. Some of the other key factor driving the market include growth in the construction and real estate sector, technological advancements, environmental benefits, etc.

Segment Analysis

Based on type, the wet sprinkler system segment is expected to have the largest market share during the forecast period. Due to their reliability, efficiency, ease of modification, and low installation and maintenance costs, wet sprinklers are the most commonly adopted systems across industries.

Based on application, the commercial segment is expected to have the most significant market share during the forecast period. Implementing strict safety standards and building codes mandated by legislative bodies around the world has had a positive impact on the market for sprinkler systems. The adoption of fire sprinkler systems in offices, warehouses, retail stores, workshops, and other commercial environments is immensely contributing to the revenue of the in the commercial sector. The industrial segment is also expected to have a prominent share in the market during the forecast period. Industrial sectors such as oil and gas, mining, manufacturing, plants, and powerhouses are the most significant industrial end-users of fire alarm systems. Further, the increased emphasis on smart homes that are equipped with smart fire alarm systems has increased the revenue of the residential sector significantly.

North America is expected to lead the market demand during the forecast period as  the US is very developed and the acceptance of new technologies is always the trend. Also the safety norms in the region are stringent which further propels the market in this region. Asia Pacific is projected to grow at the highest CAGR during the forecast period due to expansion of the construction and real estate sectors.

Key Factors Impacting Market Growth:
    • Incentives provided by insurance firms for installing fire protection systems
    • Frequent loss of life and possessions in fire incidences
    • Stringent government safety norms
    • Growth in the construction and real estate sector
    • Introduction of high-performance automatic systems 

Key Developments:

    • In September 2016, Johnson Controls (US) and Tyco (Ireland) merged with a vision to create a safe, comfortable and 
      sustainable world. By combining Johnson Controls, the leading supplier of building efficiency solutions with Tyco, the 
      leading supplier of fire and safety solutions, the new firm is uniquely placed as a leader in construction and power 
      sector goods, technologies and integrated solutions.
    • In July 2018, Hochiki Corporation (Japan) launched FIREscape+ - an innovative system which combines emergency lighting, 
      fire detection and wayfinding technology.

Regional Outlook:

Major regions for fire sprinkler market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for fire sprinkler owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be building & construction, automotive, healthcare, manufacturing, and so on. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for fire sprinkler market in the North America and Western Europe region. 

Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others. Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, building & construction, automotive, healthcare, manufacturing, and so on are estimated to register high demand for fire sprinkler market during the forecast period. On the other hand, 

Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of fire sprinkler market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for fire sprinkler market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: Honeywell International, Johnson Controls, Tyco, Minimax GmbH & Co. KG, API Group Inc., United Technologies Corporation, Robert Bosch GmbH, Hochiki Corporation, VT MAK, and Siemens AG...

Market Segmentation:
By Type:
    • Wet Sprinkler System
    • Pre-Action Sprinkler System
    • Dry Sprinkler System
    • Deluge Sprinkler System
    • Others

By Service:
    • Engineering Services
    • Installation
    • Design Maintenance
    • Inspection
    • Managed Services
    • Others

By Component:
    • Stop Valve
    • Alarm Valve
    • Fire Sprinkler
    • Head Alarm Test Valve
    • Motorized Alarm Bell

By Application:
    • Commercial
        ◦ Academia & Institutional
        ◦ Consumer Goods & Retail
        ◦ Healthcare
        ◦ Hospitality
        ◦ Banking
        ◦ Financial Services
        ◦ Insurance
    • Residential
    • Industrial
        ◦ Energy and Power
        ◦ Manufacturing
        ◦ Oil and Gas
        ◦ Mining
        ◦ Transportation
        ◦ Logistics

By Region:
    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Type
        ◦ By Service
        ◦ By Component
        ◦ By Application
    • Western Europe:
        ◦ By Country (Germany, UK, France, Spain, Rest of Western Europe)
        ◦ By Type
        ◦ By Service
        ◦ By Component
        ◦ By Application
    • Eastern Europe:
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Type
        ◦ By Service
        ◦ By Component
        ◦ By Application
    • Asia Pacific
        ◦ By Country (China, Japan, India, Rest of Asia Pacific)
        ◦ By Type
        ◦ By Service
        ◦ By Component
        ◦ By Application
    • Middle East:
        ◦ By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
        ◦ By Type
        ◦ By Service
        ◦ By Component
        ◦ By Application
    • Rest of the World
        ◦ By Region (South America, Africa)
        ◦ By Type
        ◦ By Service
        ◦ By Component
        ◦ By Application

Reasons To Buy This Report:
    • Market size estimation of the global fire sprinklers market on a regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

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