According to Stratistics MRC, the Global Fire Sprinkler Market is accounted for $7.66 billion in 2017 and is expected to reach $19.95 billion by 2026 growing at a CAGR of 11.2% during the forecast period.
Factors such as rising trend of automation in commercial buildings and different norms of government agencies and growing fire protection expenses in different enterprises are fueling the market growth. However, high cost of retrofitting and lack of integrity in system interfaces are some of the factors hindering the market growth.
A fire sprinkler is the component of a fire sprinkler system that discharges water when the property of a fire has been detected, such as when a fixed temperature has been exceeded. Fire sprinklers are widely used worldwide. In buildings confined by properly designed and maintained fire sprinklers, over 99% of fires were forced by fire sprinklers alone.
Based on type, wet sprinkler system segment has a significant growth in the market due to it is simplest and most common type of sprinkler system installation, with relatively few components. The system provides fixed fire protection using piping filled with pressurized water supplied from a dependable source at all times. By geography, North America held largest market share during forecast period due to permanent encouragements by the government for the installation of new constructions and the upgradation of the active sprinkler systems by both the commercial and housing sectors.
Some of the key players profiled in the Fire Sprinkler Market include Honeywell International, Inc., Johnson Controls, United Technologies Corporation (UTC), API Group, Inc., Gentex Corporation, Halma PLC, Hochiki Corporation, Minimax GmbH & Co. KG, Robert Bosch GmbH, Siemens AG, TYCO, Vtmak, Wormald Australia, Grundfos, Vfp Fire Systems, Nfpa, American Fire Protection Group, Fema, Kauffman, Viking Group, Red Men Fire Protection and Ibhs
Fire Sprinkler Head
Motorized Alarm Bell
Head Alarm Test Valve
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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