Fire Sprinklers Market Report, Revenue, Size, Share and Upcoming Forecast Trends

According to the latest report by IMARC Group, titled “Fire Sprinklers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global fire sprinkler industry size reached US$ 9.9 Billion in 2019. A fire sprinkler is a component of the fire sprinkler system that discharges an appropriate amount of water to extinguish the fire and prevent it from reigniting. In case of a fire breakout, the air heats up and rises along the ceiling. Since the sprinklers are triggered by heat, a chain reaction is activated when the hot air reaches the sprinkler system. These systems are utilized across residential and commercial spaces to avoid any fire-related injuries or deaths. They serve as the first line of defense against the fire by providing sufficient time for people to escape the imminent danger by following the pre-approved evacuation plan of the particular building or space.

Request Free Sample Report: https://www.imarcgroup.com/fire-sprinklers-market/requestsample

Global Fire Sprinklers Market Trends:

The global market is primarily driven by an increase in the construction of smart homes. These homes abide by the building codes of the respective countries, which mandate the installation of fire sprinkler systems. Additionally, the increasing demand for automation in the residential sector, along with rapid urbanization and improved living standards, is providing a thrust to the market growth. Moreover, technological advancements have led to the introduction of high-performance smart variants, which are gaining widespread popularity among users. These variants employ panic buttons, motion sensing technology and infrared monitoring sensors that send automated notifications to smartphones to alarm the users. The sales of mist fire suppression systems are also escalating across the globe, owing to the numerous advantages associated with their usage. These systems are highly efficient, have quicker activation rates, enable minimal water loss and have enhanced oxygen displacement capabilities. Furthermore, the adoption of these systems in high-risk industry verticals, including oil and gas, mining, and petrochemical, is also expected to create a positive outlook for the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 15.6 Billion by 2025, growing at a CAGR of around 7.8% during 2020-2025.

Market Breakup by Product Type:

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

Among these, wet pipe fire sprinklers account for the majority of the market share.

Market Breakup byb Service:

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

At present, installation services represent the leading segment.

Market Breakup by Component:

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

Market Breakup by Application:

  • Commercial
  • Residential
  • Industrial

On the basic of application where in the commercial segment dominates the market.

Market Breakup by Technology:

  • Active fire protection
  • Passive fire protection

Market Region Summary:

On the geographical front, North America exhibits a clear dominance in the market. Other regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.

The competitive landscape of the market has also been examined in the report with the detailed profiles of the key players operating in the market. Some of these players include:

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

Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: http://bit.ly/2FrAHlg

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

We are updating our reports, if you want to need latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Related Reports by IMARC Group:

https://www.imarcgroup.com/europe-feed-additives-market

https://www.imarcgroup.com/asia-pacific-feed-additives-market

https://www.imarcgroup.com/europe-hydrogen-peroxide-market

https://www.imarcgroup.com/india-hydrogen-peroxide-market

https://www.imarcgroup.com/asia-pacific-hydrogen-peroxide-market

https://www.imarcgroup.com/united-states-laboratory-automation-market

https://www.imarcgroup.com/europe-water-purifier-market

https://www.imarcgroup.com/gcc-water-purifier-market

https://www.imarcgroup.com/united-states-water-purifier-market

https://www.imarcgroup.com/asia-pacific-induction-motor-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
Email: sales@imarcgroup.com
Phone No: (D) +91 120 433 0800 | www.imarcgroup.com
Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331

Elena Anderson

9+ years in chemical & material has made Elena more or less an expert in everything related to medicines, drugs, chemicals and related sectors – at least from the PR front. Through his insider access to the sector, he has gained valuable insight into the entire manufacturing process of chemical and material.
Back to top button