Global Fire Sprinkler Systems Market 2024-2028
The fire sprinkler systems market is forecasted to grow by USD 8,461.33 mn during 2023-2028, accelerating at a CAGR of 13.77% during the forecast period. The report on the fire sprinkler systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by decline in insurance expenditure, increased government support with regard to fire sprinkler installation, and rise in development of infrastructure.
Technavio's fire sprinkler systems market is segmented as below:
By Product
- Deluge fire sprinkler systems
- Wet pipe fire sprinkler systems
- Pre-action fire sprinkler systems
- Dry pipe fire sprinkler systems
By End-user
- Commercial
- Industrial
- Residential
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the automation of fire safety systems as one of the prime reasons driving the fire sprinkler systems market growth during the next few years. Also, augmented use of deluge systems and increase in installation of building automation systems will lead to sizable demand in the market.
The report on the fire sprinkler systems market covers the following areas:
- Fire sprinkler systems market sizing
- Fire sprinkler systems market forecast
- Fire sprinkler systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fire sprinkler systems market vendors that include AI Fire LLC, API Group Corp., Cox Fire Protection Inc., Fields Fire Protection, G.w. Sprinkler A S, Grundfos Holding AS, HD Fire Protect Pvt. Ltd., HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Kauffman Co., Midwest Automatic Fire Sprinkler Co., Minimax GmbH, NAFFCO FZCO, Pryor Automatic Fire Sprinkler Inc., Siemens AG, Siron Fire Protection, The Reliable Automatic Sprinkler Co. Inc., Victaulic Co., and SFP Holding, Inc.. Also, the fire sprinkler systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.