Fire Sprinkler Market Statistics - 2027
The Global Fire Sprinkler Market Size was valued at $10,200.0 million in 2019, and is projected to reach $14,525.5 million by 2027, registering a CAGR of 6.5% from 2020 to 2027. Fire sprinkler is a fire protection system. These are very common type of fire protection systems used in various places such as residential buildings, hospitals, factory buildings, office spaces, school, colleges, and sports stadiums for security and safety of assets and human lives. Fire sprinklers are capable of detecting fire at early stage and hence are able to restrict spread of fire with minimal water usage.
Rise in demand for fire sprinklers can be attributed to rapid development of the construction industry across the globe as this leads to increase in need for safety from the risk of fire. For instance, the UK government has framed an objective of building 300,000 residential houses per year in the next three years (i.e., 2017 to 2020) in its autumn budget of 2017.
Advanced fire sprinkler systems are used in the contemporary fire sprinkler systems to optimize water usage and increase efficiency. These leading-edge systems can adjust themselves to different fire scenarios, thus ensuring that exactly the right amount of water is delivered where it is needed. The need for fire sprinkler systems comes from compliance with regulations, insurance advantages and advancements by top firms and producers creating cutting edge solutions for various uses in different spheres.
Regulations provided by governments of different countries require that all commercial buildings as well as residential ones must have incorporated fire sprinkler systems as a way of ensuring that safety standards are adhered to. With the advancement in technology there has been an increase in more sophisticated heat and flame detectors capable of providing better detection ranges for both heat levels and flames. The detectors identify slight variations in temperatures as well as changes between flames allowing quick but accurate fire identification. Fire sprinkler installations become necessary due to failure to comply with such laws since fines and other penalties may be brought upon this act.
Additionally, big players such as Tyco Fire Products, Viking Group and Johnson Controls offer a wide range of sprinkler systems especially designed for industrial use. These systems are also installed with progressive technologies such as high-pressure water mist, corrosion resistant materials and remote monitoring abilities to meet the differing fire safety requirements in industrial sites, warehouses or production plants. A fire sprinkler system is an automatic extinguishing system (AES) meant to hinder the growth and spread of fires by scattering water throughout the piping network connected to numerous sprinkler heads.
When temperatures rise above 165 degrees Fahrenheit in ambient air, this leads to the release of water from the nozzles that make up these units. This proactive approach has played an integral role in improving firefighter safety and that of those they protect. The technology evolution has transformed traditional sprinklers into smart efficient ones. They can detect fires early by using advanced sensors and control mechanisms which can activate sprinklers selectively minimizing water damage and enhancing fire suppression efficiency when used in buildings. Moreover, they can be seamlessly integrated with building management systems, enabling real-time monitoring and remote-control features that enhance maintenance and response times
This is expected to drive growth of the market during the forecast period. In addition, strict government regulations of different countries around the globe have made compulsions for use of fire sprinkler systems in construction of new buildings and factories. For instance, in October 2019, MHCLG (Ministry of Housing, Communities and Local Government) based in the UK introduced new regulations for design and installation of fire sprinklers in apartment buildings in England to enhance safety and security of buildings against fire.
Governments around the globe are investing in residential and infrastructural construction to develop their economy and improve standard of living. For instance, in 2017, the government in Europe spent around $112 billion on commercial building construction. Similarly, in October 2019, NBS (National Bureau of Statistics) reported that China’s investment on infrastructure has increased by 4.2% during from 2019 to August 2019 as compared to corresponding period of 2018. This is expected to augment growth of the construction sector, which, in turn, is expected to contribute toward growth of the market during the forecast period.
Key players in the market are continuously taking efforts to improve their product offerings to cater to dynamic requirements of the industry. For instance, in December 2018, Johnson Controls International plc based in the U.S. launched TY3934 under “TYCO RAPID RESPONSE Series LFII,” which is a series of residential fire sprinklers.
By Type
Services segment is projected to grow at a significant CAGR
Design, installation, commissioning, and testing of fire sprinklers require trained professional, hence lack of skilled labor is expected to hamper growth of market during the forecast period. In addition, fluctuations in prices of raw materials such as steel, aluminum, and plastic affects profitability of manufacturers of fire sprinkler systems, which is anticipated to restrain growth of the global fire sprinkler market during the forecast period.
Advance technologies such as smart building, BIM (building information modeling), Internet of Things (IoT), advanced sensors, and alarms are expected to provide lucrative opportunities for growth of the fire sprinkler market during the forecast period. For instance, Plumis Inc., a U.S. based company, offers “Automist Smartscan Hydra,” a smart fire sprinkler system, which uses 90% less water than traditional fire sprinkler systems.
By Application
Commercial segment holds dominant position in 2019
The Global Fire Sprinkler Market is segmented into type, component, technology, application, and region. Depending on type, the market is divided into products and services. On the basis of component, it is fragmented into stop valve, alarm valve, fire sprinkler head, alarm test valve, and motorized alarm bell. By technology, it is classified into active fire protection and passive fire protection. On the basis of application, it is divided into residential, commercial, and industrial. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America dominated the fire sprinkler market in 2019, however Asia-Pacific is anticipated to grow with highest CAGR of 9.3% throughout the forecast period.
By Region
North America holds a dominant position in 2019 and Asia-Pacific is expected to grow at a significant rate during the forecast period.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current and emerging fire sprinkler market trends and dynamics.
- In-depth fire sprinkler market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2027.
- Extensive analysis is conducted by following key product positioning and monitoring of the top competitors within the fire sprinkler market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The global fire sprinkler market forecast analysis from 2020 to 2027 is included in the report.
- The key players within fire sprinkler market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the fire sprinkler industry.
Fire Sprinkler Market Report Highlights
| Aspects | Details |
 By Type |
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 By COMPONENT |
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 By TECHNOLOGY |
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 By APPLICATION |
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 By Region |
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 Key Market Players | API GROUP, ROBERT BOSCH GmbH, HONEYWELL INTERNATIONAL INC, JOHNSON CONTROLS INTERNATIONAL PLC, MINIMAX GmbH & CO. KG, AG FIRE SPRINKLER, SIEMENS AG, SIRON FIRE PROTECTION, AMERICAN FIRE TECHNOLOGIES, GW SPRINKLER A/S |
Analyst Review
The North America region is major adopter of fire sprinklers, owing to growth of the construction sector and strict fire safety regulations. In addition, the increase in urbanization in developing countries such as India, China, and Brazil has significantly led to growth of the fire sprinkler market.
Surge in demand for fire sprinklers in chemical industries and oil & gas industries is a key factor that contributes toward growth of the market. Moreover, rise in demand for technologically advanced fire protection systems such as smart fire sprinklers is anticipated to propel the fire sprinkler market during the forecast period. In addition, rise in investments in residential construction around the globe drives growth of the fire sprinkler market.
Asia-Pacific region is expected to grow at the highest CAGR during the forecast period, with notable growth in developing countries such as China and India, which have become favorable markets for fire sprinkler manufacturers.
Players operating in the market have adopted acquisition, partnership, and product launch as their key growth strategies to gain a stronger foothold. For instance, in March 2020, Johnson Controls International Inc. launched a new ESFR (Early Suppression Fast Response) sprinkler known as ESFR-22, which is an automatic fire sprinkler.
In addition, in November 2017, Honeywell International Inc. acquired SCAME Sistemi, S.r.l., based in Italy, which deals in fire suppression and fire detection systems. This acquisition aimed to improve product portfolio of safety and productivity solutions of Honeywell. Thus, all such factors together contribute toward growth of the global fire sprinkler market.
Rise in construction activities in developing countries, and increase in spending on fire protection systems are the key trends in the fire sprinkler market.
The fire sprinkler market size was valued at $10,200.0 million in 2019.
To get latest version of fire sprinkler market report can be obtained on demand from the website.
Based on type, the products segment holds the maximum market share of the fire sprinkler market in 2019.
The fire sprinkler market is projected to reach $14,525.5 million by 2027.
The top ten market players are selected based on two key attributes - competitive strength and market positioning
The acqusition is key growth strategy of fire sprinkler industry players.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
Fluctuating raw material prices are the effecting factor for fire sprinkler market.
The applications of fire sprinkler includes fire detection and suppression.
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