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Fire Sprinklers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 142 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5530489

Quick Summary:

Emerging trends in diverse industries make the global fire sprinklers market an essential focal point for strategic decision-making. With rising loss of life and property due to fire incidents, there is an accelerated demand and installation rate for fire sprinkler systems across sectors dealing with flammable materials such as oil and gas, mining, and petrochemicals. These systems' surging popularity is also reflected in residential, transportation, and healthcare sectors. Market players respond to this growth pattern through continuous innovation, offering high-performance systems with minimal water wastage.

Significant regulations imposed by governments worldwide, requiring the installation of fire sprinklers in public and private facilities, further propel the market. The National Building Code of India and the NFPA “Building Construction and Safety Code” in the US are key examples of such initiatives. Other driving factors include growth in the construction and real estate sector, technological advancements, and environmental advantages. This report provides a comprehensive analysis of these market dynamics, allowing you to align your strategies effectively. It offers an inclusive market segregation, from product types to regional distribution, giving you a richer understanding of the global fire sprinklers market and strategic insight for competitive positioning.

The global fire sprinklers market size reached US$ 12.2 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 18.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.

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. Manufacturers have also introduced high-performance automatic systems which employ 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.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global fire sprinklers market report, along with forecasts at the global and regional level from 2023-2028. Our 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

Breakup by Service:

  • Engineering Services
  • Installation
  • Design Maintenance
  • Inspection
  • Managed Services
  • Others

Breakup by Component:

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

Breakup by Application:

  • Commercial Applications
  • Residential Applications
  • Industrial Applications

Breakup by Technology:

  • Active Fire Protection
  • Passive Fire Protection

Breakup by Region:

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

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Honeywell International, Johnson Controls, Minimax GmbH & Co. KG, API Group Inc., United Technologies Corporation, Robert Bosch GmbH, Hochiki Corporation, VT MAK, Siemens AG, etc.

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 key regional markets in the global fire sprinklers industry?
  • What has been the impact of COVID-19 on the global fire sprinklers industry?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the technology?
  • What are the various stages in the value chain of the global fire sprinklers industry?
  • What are the key driving factors and challenges in the global fire sprinklers industry?
  • What is the structure of the global fire sprinklers industry and who are the key players?
  • What is the degree of competition in the global fire sprinklers industry?
  • What are the profit margins in the global fire sprinklers industry?
Frequently Asked Questions about the Global Fire Sprinklers Market

What is the estimated value of the Global Fire Sprinklers Market?

The Global Fire Sprinklers Market was estimated to be valued at $12.2 Billion in 2022.

What is the growth rate of the Global Fire Sprinklers Market?

The growth rate of the Global Fire Sprinklers Market is 6.7%, with an estimated value of $18 Billion by 2028.

What is the forecasted size of the Global Fire Sprinklers Market?

The Global Fire Sprinklers Market is estimated to be worth $18 Billion by 2028.

Who are the key companies in the Global Fire Sprinklers Market?

Key companies in the Global Fire Sprinklers Market include Honeywell International, Johnson Controls, Minimax GmbH & Co. KG, API Group Inc., United Technologies Corporation, Robert Bosch GmbH, Hochiki Corporation, VT MAK and Siemens AG.

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$), 2017-2022
Figure 3: Global: Fire Sprinklers Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Fire Sprinklers Market: Breakup by Service (in %), 2022
Figure 5: Global: Fire Sprinklers Market: Breakup by Component (in %), 2022
Figure 6: Global: Fire Sprinklers Market: Breakup by Application (in %), 2022
Figure 7: Global: Fire Sprinklers Market: Breakup by Technology (in %), 2022
Figure 8: Global: Fire Sprinklers Market: Breakup by Region (in %), 2022
Figure 9: Global: Fire Sprinklers Market Forecast: Sales Value (in Billion US$), 2023-2028
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$), 2017 & 2022
Figure 14: Global: Fire Sprinklers (Wet Pipe Fire Sprinklers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Fire Sprinklers (Dry Pipe Fire Sprinklers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Fire Sprinklers (Dry Pipe Fire Sprinklers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Fire Sprinklers (Deluge Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Fire Sprinklers (Deluge Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Fire Sprinklers (Pre-Action Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Fire Sprinklers (Pre-Action Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Fire Sprinklers (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Fire Sprinklers (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Fire Sprinklers (Engineering Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Fire Sprinklers (Engineering Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Fire Sprinklers (Installation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Fire Sprinklers (Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Fire Sprinklers (Design Maintenance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Fire Sprinklers (Design Maintenance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Fire Sprinklers (Inspection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Fire Sprinklers (Inspection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Fire Sprinklers (Managed Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Fire Sprinklers (Managed Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Fire Sprinklers (Other Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Fire Sprinklers (Other Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Fire Sprinklers (Stop Valve) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Fire Sprinklers (Stop Valve) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Fire Sprinklers (Alarm Valve) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Fire Sprinklers (Alarm Valve) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Fire Sprinklers (Fire Sprinkler Head) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Fire Sprinklers (Fire Sprinkler Head) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Fire Sprinklers (Alarm Test Valve) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Fire Sprinklers (Alarm Test Valve) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43 : Global: Fire Sprinklers (Motorized Alarm Bell) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Fire Sprinklers (Motorized Alarm Bell) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Fire Sprinklers (Commercial Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Fire Sprinklers (Commercial Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Fire Sprinklers (Residential Applications Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Fire Sprinklers (Residential Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Fire Sprinklers (Industrial Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Fire Sprinklers (Industrial Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Global: Fire Sprinklers (Active Fire Protection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Global: Fire Sprinklers (Active Fire Protection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Global: Fire Sprinklers (Passive Fire Protection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Global: Fire Sprinklers (Passive Fire Protection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: North America: Fire Sprinklers Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: North America: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Asia Pacific: Fire Sprinklers Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Asia Pacific: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Europe: Fire Sprinklers Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Europe: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Middle East and Africa: Fire Sprinklers Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Middle East and Africa: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Latin America: Fire Sprinklers Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Latin America: Fire Sprinklers Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
Table 1: Global: Fire Sprinklers Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fire Sprinklers Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Fire Sprinklers Market Forecast: Breakup by Service (in Million US$), 2023-2028
Table 4: Global: Fire Sprinklers Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 5: Global: Fire Sprinklers Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 6: Global: Fire Sprinklers Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Fire Sprinklers Market Forecast: Breakup by Region (in Million US$), 2023-2028
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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