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

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

Market Overview:

The global fire sprinklers market size reached US$ 12.2 Billion in 2022. Looking forward, IMARC Group 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:

IMARC Group 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?