Global Wet Fire Sprinkler Systems Market 2016-2020 - Product Image

Global Wet Fire Sprinkler Systems Market 2016-2020

  • ID: 3807779
  • Report
  • Region: Global
  • 78 pages
  • TechNavio
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FEATURED COMPANIES

  • Global Fire Sprinkler
  • Minimax Viking
  • Siemens
  • Tyco International
  • United Technologies
  • MORE
About Wet Fire Sprinkler Systems

Wet fire sprinkler systems have fire sprinklers attached to a piping system containing water. The system is designed to detect heat from the fire and operate at a predetermined temperature to discharge water immediately in case of fire. They are the most commonly used sprinkler systems, especially in residential homes and buildings, eating and drinking establishments, hotels and motels, academic institutions, and other places.

The analysts forecast the global wet fire sprinkler systems market to grow at a CAGR of 9.5% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global wet fire sprinkler systems market for 2016-2020. To calculate the market size, the analyst considers the sales of fire sprinklers in wet pipe fire sprinkler systems, including the cost of installation.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Wet Fire Sprinkler Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Global Fire Sprinkler
- Minimax Viking
- Reliable Automatic Sprinkler
- Siemens
- Tyco
- United Technologies

Market drivers
- Government incentives on installation of wet fire sprinklers

Market challenges
- Corrosion of sprinkler pipes

Market trends
- Legislations in support of installation of fire sprinklers

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Global Fire Sprinkler
  • Minimax Viking
  • Siemens
  • Tyco International
  • United Technologies
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Base year
  • Market coverage
  • Market size calculation
  • Geographical segmentation
  • Vendor segmentation
  • Common currency conversion rates
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
  • Workflow of fire sprinkler systems
  • Technical specifications of fire sprinkler systems
  • Sprinkler spacing
  • Installation of fire sprinkler systems
  • Types of fire sprinkler systems
PART 05: Market landscape
  • Market overview
PART 06: Market analysis
  • Market size and forecast
  • Five forces analysis
PART 07: Market segmentation by application

PART 08: Geographical segmentation
  • Americas
  • EMEA
  • APAC
PART 09: Impact of macroeconomic factors
  • Currency exchange rate
  • Inflation
  • Interest rate
PART 10: Market drivers
  • Government incentives on installation of wet fire sprinklers
  • Proposed Fire Sprinkler Incentive Act
  • Advances in wet fire sprinkler systems
  • Increase in construction activities worldwide
  • Growing awareness of potential benefits of fire sprinklers
PART 11: Impact of drivers

PART 12: Market challenges
  • Corrosion of sprinkler pipes
  • Technical issues
  • Need for continuous support and maintenance
  • Need for constant training and awareness programs
PART 13: Impact of drivers and challenges

PART 14: Market trends
  • Legislations in support of installation of fire sprinklers
  • Increased adoption of water mist suppression systems
  • Development of fire suppression with HI-FOG technology
  • Decline in cost of installing fire sprinkler systems
PART 15: Vendor landscape
  • Competitive scenario
PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits

Exhibit 01: Major countries covered
Exhibit 02: Key vendors
Exhibit 03: Common currency conversion rates 2013-2015
Exhibit 04: Key advantages and disadvantages of wet pipe fire sprinkler systems
Exhibit 05: Temperature rating for glass bulb heads
Exhibit 06: Types of sprinklers based on response time indicator
Exhibit 07: Fire sprinkler system spacing requirement based on National Fire Protection Association (NFPA)
Exhibit 08: Key advantages and disadvantages of dry pipe fire sprinkler systems
Exhibit 09: Key advantages and disadvantages of deluge fire sprinkler systems
Exhibit 10: Key advantages and disadvantages of pre-action fire sprinkler systems
Exhibit 11: Average number of fires per year in countries 2010-2014
Exhibit 12: Average number of fire deaths per year in different countries 2010-2014
Exhibit 13: Extent of fire spread in residential buildings 2015
Exhibit 14: Global residential construction market 2015-2020 ($ billions)
Exhibit 15: Global wet fire sprinkler systems market 2015-2020 ($ billions)
Exhibit 16: Fire related deaths and injuries by countries 2014
Exhibit 17: Five forces analysis
Exhibit 18: List of standardized bodies providing certification for fire suppression products and systems
Exhibit 19: Wet fire sprinkler systems certification 2015
Exhibit 20: List of products of major wet fire sprinkler manufacturers certified by different certification bodies
Exhibit 21: Global wet fire sprinkler systems market by geography 2015-2020
Exhibit 22: Wet fire sprinkler market in Americas 2015-2020 ($ billions)
Exhibit 23: Wet fire sprinkler systems market in EMEA 2015-2020 ($ billions)
Exhibit 24: Wet fire sprinkler systems market in APAC 2015-2020 ($ billions)
Exhibit 25: Number of fire accidents and deaths in India 2010-2014
Exhibit 26: Major causes of fire fatalities in India 2010-2014
Exhibit 27: Number of fire fatalities and economic losses in China 2013-2015
Exhibit 28: Historic data on exchange rate of various currencies in USD
Exhibit 29: Inflation rate 2011-2015
Exhibit 30: Impact of interest rates on investment projects
Exhibit 31: Status of sprinkler requirement in US
Exhibit 32: Types of wet fire sprinklers from Tyco
Exhibit 33: Hotels under construction by region 2015
Exhibit 34: Investment in global airport construction sector by region 2015 ($ billions)
Exhibit 35: Investment in global rail infrastructure construction 2015-2020 ($ billions)
Exhibit 36: Impact of drivers
Exhibit 37: Impact of drivers and challenges
Exhibit 38: Legislation on installation of fire sprinklers by countries
Exhibit 39: Cost of installing wet fire sprinkler system 2015 ($)
Exhibit 40: Competitive scenario in 2020
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FEATURED COMPANIES

  • Global Fire Sprinkler
  • Minimax Viking
  • Siemens
  • Tyco International
  • United Technologies
  • MORE
New Report Released: - Global Wet Fire Sprinkler Systems Market 2016-2020

The author of the report recognizes the following companies as the key players in the global wet fire sprinkler systems market: Global Fire Sprinkler, Minimax Viking, Reliable Automatic Sprinkler, Siemens, Tyco International, and United Technologies

Commenting on the report, an analyst from the research team said: “One of the key trends for market growth will be decline in cost of installing fire sprinkler systems. In 2015, the cost of installing wet fire sprinklers in the newly constructed home was $1.30 per square foot, compared to $1.61 in 2008. In other words, it costs around 0.98% of the total construction cost, which includes the cost associated with design, installation, additional equipment, electrical work, and permits. One of the major factors for the decline in the installation cost is advances in fire sprinkler systems such as the availability of the more flexible piping system and extended coverage sprinklers.”

According to the report, one of the key drivers for market growth will be the proposed Fire Sprinkler Incentive Act. Fire Sprinkler Incentive Act was first proposed in both the House and Senate in 2003 in the US, which amend the 1986 Internal Revenue Code by classifying automatic fire sprinkler system retrofits as either a Section 179 depreciation deduction or a 15-year property for purposes of depreciation. Currently, the tax depreciation time for fire sprinkler retrofit is 39-years for commercial building and 27.5 years for residential building. This Act is supported by Congressional Fire Services Institute (CFSI) and was drafted in response to the station nightclub fire that killed 100 people in Rhode Island.

Further, the report states that need for continuous support and maintenance will be a challenge for the market. Customers expect constant support and services for sprinkler systems, improved performance and quality, and enhanced efficiency. However, when vendors are not able to meet such expectations, it can lead to customer dissatisfaction. Some vendors hire third-party vendors to provide aftersales services and support to customers that can also fail to meet customer expectations. It is crucial that vendors select the right third-party service providers to provide constant support and attain operational excellence.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- Global Fire Sprinkler
- Minimax Viking
- Reliable Automatic Sprinkler
- Siemens
- Tyco International
- United Technologies
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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