Automatic Fire Sprinkler System Manufacturing in the US - Industry Market Research Report

Automatic Fire Sprinkler System Manufacturing in the US - Industry Market Research Report

Automatic Fire Sprinkler System Manufacturing in the US

Over the current period, automatic fire sprinkler system manufacturers faced declines. While the outbreak of COVID-19 led to growth in new residential construction, it hammered nonresidential construction because of falling corporate profit levels and economic uncertainty, offsetting growth in the residential construction market. Manufacturers have faced increasing import penetration and slow export growth. Industry-wide revenue has been falling at a CAGR of 2.5% over the past five years and is expected to total $594.2 million in 2023, when revenue will increase by an estimated 1.2%.

This industry manufactures fire-protection systems that use automatic sprinklers. These systems typically consist of a network of pipes connected to a building’s water supply. Industry products include devices that detect fire and automatically release water to combat the flames. The industry does not include revenue generated from the actual installation and maintenance of sprinkler systems in buildings.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."