Global Fire Sprinklers Market to Reach US$ 18.0 Billion by 2028, Impelled by Increasing Construction Activities

April 25, 2023 | Heavy Industry

According to the latest report by IMARC Group, titled "Fire Sprinklers Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," the global fire sprinklers market reached a value of US$ 12.2 Billion in 2022. Fire sprinklers are an active fire protection method, providing sufficient pressure and flow rate to a water distribution piping system upon which the fire sprinklers are connected. They are generally installed as per building codes or recommended by insurance companies to lower property losses or business interruption. The main component of a fire sprinkler system discharges water when the fire is detected. It is a principal fire protection component used in several places, such as residential or commercial buildings, hospitals, factories, office spaces, schools, colleges, and sports stadiums, to protect assets and human lives. It can detect fire at the initial stage and, therefore, restrict the spread of fire with minimal water usage. The system installed on ceilings comprises a water source, sprinkler head, and a pipe for water distribution. The fire sprinkler automatically releases water from the pipe when the fire is detected. The essential components of a fire sprinkler system include an alarm test valve, alarm valve, fire sprinkler head, mechanized alarm bell, and stop valve.

Global Fire Sprinklers Market Trends:

The global market is majorly driven by significant growth in the construction industry. In line with this, the rising concerns regarding workers' safety at construction sites significantly contributes to the market growth. Furthermore, rapid technological advancements, such as BIM (building information modeling), the Internet of Things (IoT), alarms, and advanced sensors, are offering numerous growth opportunities in the market. Apart from this, several governments worldwide are enforcing stringent regulations on fire sprinkler installations in public and private establishments, which, in turn, is creating a positive outlook for the market. Moreover, the growing smart home construction and the increasing demand for domestic automation are catalyzing the market. Besides, the improved standards of living are propelling the market expansion. Additionally, the escalating need to safeguard life and the environment from fire emergencies is favoring the product adoption. Some of the other factors driving the market include considerable growth in the real estate industry and the augmenting awareness regarding decreased insurance expenditure. On account of the factors above, the market is anticipated to reach a value of US$ 18.0 Billion by 2028, exhibiting a CAGR of 6.6% during 2023-2028.

Market Summary:

On the basis of the product, the market has been categorized into wet pipe fire sprinklers, dry pipe fire sprinklers, deluge systems, pre-action systems, and others.
Based on the service, the market has been classified into engineering services, installation, design maintenance, inspection, managed services, and others.
Based on the component, the market has been segmented into stop valves, alarm valves, fire sprinkler heads, alarm test valves, and motorized alarm valves.
Based on the application, the market has been divided into commercial, residential, and industrial applications.
Based on the technology, the market has been categorized into active fire protection and passive fire protection.
On the basis of the region, the market has been divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include Honeywell International, Johnson Controls, Minimax GmbH & Co. KG, API Group Inc., United Technologies Corporation, Robert Bosch GmbH, Hochiki Corporation, VT MAK, and Siemens AG.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product Type, Service, Component, Application, Technology, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Honeywell International, Johnson Controls, Minimax GmbH & Co. KG, API Group Inc., United Technologies Corporation, Robert Bosch GmbH, Hochiki Corporation, VT MAK and Siemens AG
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

Global Fire Sprinklers Market to Reach US$ 18.0 Billion by 2028, Impelled by Increasing Construction Activities

Purchase options Year End sale

Single User License ~~$2499~~ $2249
Five User License ~~$3499~~ $2974
Corporate License ~~$4499~~ $3599

Inquire Before Buying

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.