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Fire Sprinklers Market Report by Product Type, Service, Component, Application, Technology, and Region 2024-2032

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    Report

  • 145 Pages
  • March 2024
  • Region: Global
  • IMARC Group
  • ID: 5946480
The global fire sprinklers market size reached US$ 13.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 21.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2023-2032. The market is experiencing moderate growth driven by stringent fire safety regulations, increasing urbanization and infrastructure development, heightened awareness about fire safety, significant advancements in fire sprinkler technology, and growing insurance industry influence.

Fire Sprinklers Market Analysis:

Market Growth and Size: The market is witnessing moderate growth, driven by the increasing awareness about fire safety measures.

Technological Advancements: Technological advancements in fire sprinkler systems have played a significant role in enhancing their efficiency. Innovations such as smart sprinkler systems, which can be remotely monitored and controlled, are gaining popularity due to their effectiveness in fire prevention.

Industry Applications: Fire sprinkler systems find applications across various industries, including residential, commercial, industrial, and institutional sectors. Their versatility and effectiveness make them a crucial component in fire protection strategies for these industries.

Geographical Trends: Geographically, the adoption of fire sprinkler systems varies. Regions prone to wildfires or with stringent fire safety regulations, such as North America and parts of Europe, have a higher adoption rate. However, emerging economies in Asia-Pacific are witnessing a growing demand due to urbanization and infrastructure development.

Competitive Landscape: The global fire sprinklers market is characterized by the presence of several established players, as well as smaller regional companies.

Challenges and Opportunities: Challenges in the fire sprinklers market include high installation costs and resistance to retrofitting in older buildings. However, opportunities lie in the growing focus on sustainable and eco-friendly sprinkler systems, presenting a market niche for eco-conscious consumers and businesses.

Future Outlook: The future of the global fire sprinklers market looks promising, driven by increased awareness about fire safety and stricter regulations. As technology continues to advance, the market is likely to witness further innovations and growth, especially in smart and sustainable fire sprinkler solutions.

Fire Sprinklers Market Trends:

Stringent Fire Safety Regulations

The global fire sprinklers market is significantly driven by stringent fire safety regulations imposed by governments and authorities worldwide. These regulations mandate the installation of fire sprinkler systems in various types of buildings, including residential, commercial, and industrial. The primary goal is to ensure the safety of occupants and protect property from the devastating effects of fires. In many countries, building codes require fire sprinklers as a fundamental component of fire protection measures. For instance, in the United States, the National Fire Protection Association's (NFPA) standards and codes, such as NFPA 13 for sprinkler systems, have become industry benchmarks. Non-compliance with these regulations can result in hefty fines, legal repercussions, and increased insurance premiums.

Increasing Urbanization and Infrastructure Development

The rapid pace of urbanization and infrastructure development in emerging economies is another significant driver of the global fire sprinklers market. As more individuals move to cities, there is a growing need for residential and commercial buildings, public facilities, and industrial complexes. With this expansion comes an increased risk of fire incidents. Urbanization also means higher population density, which can exacerbate the consequences of fires. Consequently, governments and city planners are emphasizing fire safety measures to protect lives and property. This includes the mandatory installation of fire sprinkler systems in newly constructed buildings and, in some cases, retrofitting existing structures.

Increased Awareness about Fire Safety

Heightened awareness about fire safety among individuals, businesses, and communities is driving the demand for fire sprinkler systems. High-profile fire incidents and disasters have underscored the importance of effective fire protection measures. In residential settings, homeowners are increasingly recognizing the value of fire sprinkler systems in safeguarding their families and property. This awareness has led to a growing trend of retrofitting existing homes with sprinklers, even in regions where it is not mandatory. Similarly, businesses and institutions are placing a premium on fire safety. Protecting employees, customers, and valuable assets from fire-related risks is a top priority. Businesses understand that the cost of installing fire sprinklers is a small price to pay compared to the potential losses caused by a fire.

Advancements in Fire Sprinkler Technology

Technological advancements are a key driver of the fire sprinklers market. Innovations in sprinkler system design, materials, and monitoring capabilities have significantly improved their efficiency and effectiveness in fire prevention and control.

One notable advancement is the development of smart fire sprinkler systems. These systems incorporate IoT (Internet of Things) technology and sensors to provide real-time monitoring and control. Property owners and building managers can remotely check the status of their sprinkler systems, receive alerts in case of anomalies, and even control the system through mobile apps. This level of connectivity enhances fire safety and allows for swift response to potential threats. Additionally, eco-friendly and sustainable fire sprinkler systems are gaining traction. These systems use environmentally friendly extinguishing agents, reducing their impact on the environment.

Growing Insurance Industry Influence

The insurance industry plays a significant role in driving the adoption of fire sprinkler systems. Insurance companies often offer reduced premiums to properties equipped with fire sprinklers, as they are seen as a proactive risk mitigation measure. This financial incentive encourages property owners to invest in fire protection. Moreover, some insurance providers may require the installation of fire sprinklers as a condition for coverage, particularly for high-risk properties or businesses. In such cases, property owners have a strong motivation to comply with these requirements to secure insurance. The influence of the insurance industry extends to regulations and building codes. Insurance companies collaborate with regulatory bodies to establish fire safety standards and guidelines. Their expertise in assessing risk and loss prevention helps shape fire safety policies, further emphasizing the importance of fire sprinkler systems.

Fire Sprinklers Industry Segmentation:

The publisher provides an analysis of the key trends in each segment of the market, along with forecasts at the global, and regional levels for 2024-2032. The report has categorized the market based on product type, service, component, application, and technology.

Breakup by Product Type:

  • Wet Pipe Fire Sprinklers
  • Dry Pipe Fire Sprinklers
  • Deluge Systems
  • Pre-Action Systems
  • Others

Wet pipe fire sprinklers accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product type. This includes wet pipe fire sprinklers, dry pipe fire sprinklers, deluge systems, pre-action systems, and others. According to the report, wet pipe fire sprinklers represented the largest segment.

Breakup by Service:

  • Engineering Services
  • Installation
  • Design Maintenance
  • Inspection
  • Managed Services
  • Others
A detailed breakup and analysis of the market based on the service have also been provided in the report. This includes engineering services, installation, design maintenance, inspection, managed services, and others.

Breakup by Component:

  • Stop Valve
  • Alarm Valve
  • Fire Sprinkler Head
  • Alarm Test Valve
  • Motorized Alarm Bell

Stop valve represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the component. This includes stop valve, alarm valve, fire sprinkler head, alarm test valve, and motorized alarm bell. According to the report, stop valve represented the largest segment.

Breakup by Application:

  • Commercial Applications
  • Residential Applications
  • Industrial Applications

Commercial applications represent the leading market segment

The report has provided a detailed breakup and analysis of the market based on the application. This includes commercial applications, residential applications, and industrial applications. According to the report, commercial applications represented the largest segment.

Breakup by Technology:

  • Active Fire Protection
  • Passive Fire Protection

Active fire protection represents the leading market segment

A detailed breakup and analysis of the market based on technology have also been provided in the report. This includes active fire protection and passive fire protection. According to the report, active fire protection represented the largest segment.

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

North America leads the market, accounting for the largest fire sprinklers market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. According to the report, North America accounted for the largest market share.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • Honeywell International
  • Johnson Controls
  • Minimax GmbH & Co. KG
  • API Group Inc
  • United Technologies Corporation
  • Robert Bosch GmbH
  • Hochiki Corporation
  • VT MAK
  • Siemens AG

Key Questions Answered in This Report:

  • How has the global fire sprinklers market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global fire sprinklers market?
  • What is the impact of each driver, restraint, and opportunity on the global fire sprinklers market?
  • What are the key regional markets?
  • Which countries represent the most attractive fire sprinklers market?
  • What is the breakup of the market based on the product type?
  • Which is the most attractive product type in the fire sprinklers market?
  • What is the breakup of the market based on the service?
  • Which is the most attractive service in the fire sprinklers market?
  • What is the breakup of the market based on the component?
  • Which is the most attractive component in the fire sprinklers market?
  • What is the competitive structure of the market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the fire sprinklers market?
  • What is the breakup of the market based on technology?
  • Which is the most attractive technology in the fire sprinklers market?
  • Who are the key players/companies in the global fire sprinklers market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fire Sprinklers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market by Product Type
5.5 Market by Service
5.6 Market by Component
5.7 Market by Technology
5.8 Market by Application
5.9 Market by Region
5.10 Market Forecast
6 Market by Product Type
6.1 Wet Pipe Fire Sprinklers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Dry Pipe Fire Sprinklers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Deluge Systems
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Pre-Action Systems
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market by Service
7.1 Engineering Services
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Installation
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Design Maintenance
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Inspection
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Managed Services
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market by Component
8.1 Stop Valve
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Alarm Valve
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Fire Sprinkler Head
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Alarm Test Valve
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Motorized Alarm Bell
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market by Application
9.1 Commercial Applications
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Residential Applications
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Industrial Applications
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market by Technology
10.1 Active Fire Protection
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Passive Fire Protection
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market by Region
11.1 North America
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Asia Pacific
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Europe
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Honeywell International
16.3.2 Johnson Controls
16.3.3 Minimax GmbH & Co. KG
16.3.4 API Group Inc.
16.3.5 United Technologies Corporation
16.3.6 Robert Bosch GmbH
16.3.7 Hochiki Corporation
16.3.8 VT MAK
16.3.9 Siemens AG
List of Figures
Figure 1: Global: Fire Sprinklers Market: Major Drivers and Challenges
Figure 2: Global: Fire Sprinklers Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Fire Sprinklers Market: Breakup by Product Type (in %), 2023
Figure 4: Global: Fire Sprinklers Market: Breakup by Service (in %), 2023
Figure 5: Global: Fire Sprinklers Market: Breakup by Component (in %), 2023
Figure 6: Global: Fire Sprinklers Market: Breakup by Application (in %), 2023
Figure 7: Global: Fire Sprinklers Market: Breakup by Technology (in %), 2023
Figure 8: Global: Fire Sprinklers Market: Breakup by Region (in %), 2023
Figure 9: Global: Fire Sprinklers Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 10:Global: Fire Sprinklers Industry: SWOT Analysis
Figure 11:Global: Fire Sprinklers Industry: Value Chain Analysis
Figure 12:Global: Fire Sprinklers Industry: Porter’s Five Forces Analysis
Figure 13: Global: Fire Sprinklers (Wet Pipe Fire Sprinklers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Fire Sprinklers (Wet Pipe Fire Sprinklers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Fire Sprinklers (Dry Pipe Fire Sprinklers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Fire Sprinklers (Dry Pipe Fire Sprinklers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Fire Sprinklers (Deluge Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Fire Sprinklers (Deluge Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Fire Sprinklers (Pre-Action Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Fire Sprinklers (Pre-Action Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Fire Sprinklers (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Fire Sprinklers (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Fire Sprinklers (Engineering Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Fire Sprinklers (Engineering Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Fire Sprinklers (Installation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Fire Sprinklers (Installation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Fire Sprinklers (Design Maintenance) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Fire Sprinklers (Design Maintenance) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Fire Sprinklers (Inspection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Fire Sprinklers (Inspection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Fire Sprinklers (Managed Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Fire Sprinklers (Managed Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Fire Sprinklers (Other Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Fire Sprinklers (Other Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Fire Sprinklers (Stop Valve) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Fire Sprinklers (Stop Valve) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Fire Sprinklers (Alarm Valve) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Fire Sprinklers (Alarm Valve) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Fire Sprinklers (Fire Sprinkler Head) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Fire Sprinklers (Fire Sprinkler Head) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Fire Sprinklers (Alarm Test Valve) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Fire Sprinklers (Alarm Test Valve) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43 : Global: Fire Sprinklers (Motorized Alarm Bell) Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Global: Fire Sprinklers (Motorized Alarm Bell) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Global: Fire Sprinklers (Commercial Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Global: Fire Sprinklers (Commercial Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Global: Fire Sprinklers (Residential Applications Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Global: Fire Sprinklers (Residential Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Global: Fire Sprinklers (Industrial Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Global: Fire Sprinklers (Industrial Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Global: Fire Sprinklers (Active Fire Protection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Global: Fire Sprinklers (Active Fire Protection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Global: Fire Sprinklers (Passive Fire Protection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Global: Fire Sprinklers (Passive Fire Protection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: North America: Fire Sprinklers Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: North America: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Asia Pacific: Fire Sprinklers Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Asia Pacific: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Europe: Fire Sprinklers Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Europe: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Middle East and Africa: Fire Sprinklers Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Middle East and Africa: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Latin America: Fire Sprinklers Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Latin America: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
Table 1: Global: Fire Sprinklers Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Fire Sprinklers Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Fire Sprinklers Market Forecast: Breakup by Service (in Million US$), 2024-2032
Table 4: Global: Fire Sprinklers Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 5: Global: Fire Sprinklers Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 6: Global: Fire Sprinklers Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 7: Global: Fire Sprinklers Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Fire Sprinklers Market Structure
Table 9: Global: Fire Sprinklers Market: Key Players

Companies Mentioned

  • Honeywell International
  • Johnson Controls
  • Minimax GmbH & Co. KG
  • API Group Inc.
  • United Technologies Corporation
  • Robert Bosch GmbH
  • Hochiki Corporation
  • VT MAK
  • Siemens AG

Methodology

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Table Information