Global Fire Sprinkler Market Overview:
Fire sprinkler systems are helpful for the environment with reducing the emissions of greenhouse gases from buildings on fire as well as reducing the water use by fire rescue services in controlling fires. These systems have ability of detecting & restricting the spread of fire by reducing fire in the early stages with very low water usage. Safety of life and property as well as prevention of loss due to fire-break are the chief concerns that have needed the demand for fire sprinklers. Moreover, Fire sprinkler services are essential in various sectors including oil & gas, energy & power, manufacturing, transportation, and mining, among others. The increasing demand from these various industries is likely to boost the growth of the global fire sprinkler market over the forecasted period. Some of the players profiled in the study are Honeywell International Inc. (United States), Johnson Controls (United States), Minimax GmbH & Co. KG (Germany), API Group Inc. (United States), United Technologies Corporation (United States), Robert Bosch GmbH (Germany), Hochiki Corporation (Japan), Siemens AG (Germany) and Viking Group Inc. (United States). According to Market Analyst at AMA, the Global Fire Sprinkler market may see a growth rate of 10.0% and would reach the market size of USD16.0 Billion by 2025.
On the basis of geography, the market of Fire Sprinkler has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. If we see Market by Components, the sub-segment i.e. Alarm Valve will boost the Fire Sprinkler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Installation and Design will boost the Fire Sprinkler market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing fire protection spending across enterprises & growing fire related deaths & loss of property
- Stringent government norms for installation of fire sprinklers
- Rising trend of automation in commercial buildings & homes in developing nations
- Huge cost of retrofitting fire sprinklers in current buildings
- Low integrity in system interfaces
- Increasing rules and obligatory standards
- Growing awareness about the benefits of installing fire sprinklers around the world
- Design & maintenance of Fire Sprinklers
Fire sprinkler application and installation guidelines, & overall fire sprinkler system design guidelines are offered by the National Fire Protection Association (NFPA) 13, (NFPA) 13D, and (NFPA) 13R in United States.
Target Audience:Product Manufacturers, Raw Material Suppliers, Distribution consultancies, Government, and Research Organizations & Associations and End users
Major Objectives Focused through this Study To define, describe, and forecast the Global Fire Sprinkler market on the basis of product [Pre-action Sprinkler, Dry Sprinkler, Wet Sprinkler and Deluge Sprinkler] , application [Residential, Commercial and Industrial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Fire Sprinkler market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Fire Sprinkler industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are KOORSEN FIRE & SECURITY (United States) and REDA Hazard Control (Saudi Arabia).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Fire Sprinkler market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.