Market Research Future (MRFR) has published on the “Global Fire Sprinkler System Market”.
A fire sprinkler system is an active fire protection system consisting of a water supply system providing adequate pressure and flowrate to a water distribution piping system, to which fire sprinklers are connected. When a fire starts, the heat from the flames melts a link or fusible element in the sprinkler head, which releases the water to extinguish the fire. Fire sprinkler systems are designed to activate automatically when the temperature reaches a certain level, typically 165 degrees Fahrenheit. This allows them to put out a fire in its early stages, before it has a chance to spread and cause extensive damage. Fire sprinkler systems are a very effective way to prevent fire damage. They have been shown to reduce the loss of life and property in fires by as much as 90%. If you are considering installing a fire sprinkler system in your building, be sure to consult with a qualified fire protection engineer to determine the best type of system for your needs.
Market Research Future (MRFR) has published a cooked research report on the “Global Fire Sprinkler Systems market” that contains information from 2019 to 2032. The Fire Sprinkler Systems market is estimated to register a CAGR of 12.4% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Fire Sprinkler Systems market - Johnson Controls, Cosco Fire Protection, Ferguson Enterprises, LLC., Kaufman Fire Protection Services, American Fire Protection Group, Inc, Guardian Fire Protection Services, LLC, Fike Corporation, Koorse Fire & Security, Honeywell International Inc., Emerson Electric Co., and Cintas Corporation.
Fire Sprinkler System Market Highlights
The global Fire Sprinkler Systems market is accounted to register a CAGR of 12.4% during the forecast period and is estimated to reach USD 21223.2 million by 2032.
Retrofitting and modernization of buildings mandate fire protection system is an opportunity for fire sprinkler systems across many developed and developing nations. This is because sprinkler systems are one of the most effective fire protection systems available. They can help to save lives and property in the event of a fire. Many older buildings do not have sprinkler systems. This is because sprinkler systems were not required in the past. However, many governments are now mandating the installation of sprinkler systems in older buildings, as they are seen as an essential part of fire protection. When buildings are modernized, it is often necessary to make changes to the fire protection system. This is because the new systems may not be compatible with the old systems. In these cases, it is often necessary to install a new sprinkler system. In some cases, the safety of a building may be compromised due to the lack of a sprinkler system. This is especially true in buildings that are used for high-risk activities, such as manufacturing or storage. In these cases, it may be necessary to install a sprinkler system to improve safety. The demand for fire sprinkler systems is expected to grow in the coming years due to the increasing number of retrofitting and modernization projects. This is an opportunity for fire sprinkler system providers to expand their businesses and reach new customers.
Segment Analysis
The global Fire Sprinkler Systems market has been segmented based on Type, Hazard, Technology, and End Use.
Based on Type, the global Fire Sprinkler System market segmentation includes Wet Pipe Sprinkler System, Dry Pipe Sprinkler System, Deluge Sprinkler System, Pre-Action Sprinkler System, and Residential Sprinkler System. The Wet Pipe Sprinkler System segment held the majority share in 2022, contributing around ~29.6% to the market revenue. Wet pipe sprinkler system is the most common type of fire sprinkler system. It has pipes that are always filled with water. When a sprinkler head is activated, water flows out immediately to extinguish the fire. Wet pipe systems are used in most buildings, including office buildings, warehouses, and schools. This is the most common type of sprinkler system. It is used in a wide variety of applications, including commercial, industrial, and residential buildings. The wet pipe sprinkler system is reliable and easy to maintain. However, it can be more expensive than other types of sprinkler systems.
Based on Hazard, the global Fire Sprinkler System market segmentation includes Light Hazard, Ordinary Hazard, High Hazard, and Others. The High Hazard segment held the majority share in 2022 contributing around ~36.5% to the market revenue. A high hazard occupancy is a building or area that has a high risk of fire. This type of occupancy typically contains highly combustible materials or flammable liquids. Examples of high hazard occupancies include factories, chemical plants, and aircraft hangars. The high hazard segment is expected to grow at the highest CAGR of 12.4% during the forecast period. This is due to the increasing demand for fire protection systems in buildings with high fire hazards, such as factories, warehouses, and chemical plants.
Based on the Technology, the global Fire Sprinkler System market segmentation includes Control-Mode Specific Application Sprinkler (CMSA), Early-Suppression Fast-Response Sprinklers (ESFR), Control-Mode Density Area Sprinklers (CMDA). By Technology, Control-Mode Density Area Sprinklers (CMDA) segment hold the majority market share in 2022 contributing 39.4 % of the market share. This is due to the increasing demand for sprinkler systems that are designed to provide more protection than traditional sprinkler systems. CMDA sprinkler systems are designed to deliver water more quickly and efficiently, which can help to extinguish fires more effectively.
Based on the End Use, the global Fire Sprinkler System market segmentation includes Commercial and Residential. By End Use, Commercial segment hold the majority market share in 2022 contributing 84.8 % of the market share. This is due to the increasing number of commercial buildings being built, as well as the increasing regulations pertaining to fire safety in commercial buildings. The growth of the healthcare facilities segment is attributed to the increasing demand for fire safety in hospitals and other healthcare facilities. The increasing number of retail stores and malls is also driving the growth of the retail stores & malls segment.
Regional Analysis
By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. In terms of revenue, North America held the largest share of 37.0% in the Fire Sprinkler System market in 2022 and is expected to maintain its dominance during the forecast period. North America is the largest market for fire sprinkler systems, followed by Europe and Asia-Pacific. The increasing fire safety regulations in various countries is the major driver of the global fire sprinkler system market. The growing urbanization and rise in industrial accidents are also contributing to the growth of the market. The advancement in fire sprinkler technology is also a major trend in the market. The growth of the residential sprinkler system market is driven by the increasing awareness of the benefits of sprinkler systems, the rising number of fires in homes, and the increasing regulations pertaining to fire safety. Other factors driving the growth of the market include the growing construction activities in developing countries, the increasing investments in the research and development of new sprinkler system technologies, and the increasing popularity of smart home technologies.
Europe is expected to be the second largest market for dry pipe sprinkler systems during the forecast period, due to the similar reasons as North America.
Asia-Pacific is expected to be the fastest growing market for dry pipe sprinkler systems during the forecast period, due to the rising construction activities in the region and the increasing demand for fire sprinkler systems in industrial and commercial buildings.
Middle East and Africa and Latin America are expected to be the smallest markets for dry pipe sprinkler systems during the forecast period. The growth of the market in Asia-Pacific is driven by the rapid urbanization and industrialization in the region, as well as the increasing demand for fire safety in commercial buildings and industrial facilities. The growth of the market in Middle East and Africa is driven by the increasing investment in the construction sector and the rising awareness of fire safety regulations.
The growth of the market in Latin America is driven by the increasing demand for fire safety in commercial buildings and industrial facilities.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Fire Sprinkler Systems Market Research Report
Key Findings of the Study
- The global Fire Sprinkler Systems market is expected to reach USD 21223.2 million by 2032, at a CAGR of 12.4% during the forecast period.
- The North America region accounted for the fastest-growing global market, imperative factors, such as the significant number of investments in North America, making it the primary contributor to the market share.
- Based on Type, the Wet Pipe Sprinkler segment was attributed to holding the largest market in 2022, with an approximate market share of 29.6 %.
- Johnson Controls, Cosco Fire Protection, Ferguson Enterprises, LLC., Kaufman Fire Protection Services, American Fire Protection Group, Inc, Guardian Fire Protection Services, LLC, Fike Corporation, Koorse Fire & Security, Honeywell International Inc., Emerson Electric Co., Cintas Corporation, and Others are the key market players.
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Companies Covered | 15 |
Pages | 150 |
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