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The Latin America fire sprinklers market is expected to exhibit a CAGR of 7.97% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Fire sprinklers are an essential component of the fire sprinkler system used to discharge water to extinguish fires and prevent them from reigniting. They are activated when the sprinkler head reaches the activation temperature in case of a fire breakout. They also serve as the first line of defense against fires by providing sufficient time for people to escape imminent danger. In Latin America, the elevating living standards, supported by the rising disposable income levels, have increased the expenditures on home protection systems, such as fire sprinklers.
The Latin America fire sprinklers market is primarily driven by the increasing construction activities across the commercial, residential and industrial sectors. The growing incidences of fire breakouts in risk-prone industries, such as energy, oil and gas, and manufacturing, are also catalyzing the market growth significantly. With the growing number of fire outbreaks across numerous manufacturing facilities and warehouses and the rising awareness about the benefits of fire sprinklers, the governments are giving more emphasis on the improvement of fire safety standards. Furthermore, governments are imposing stringent regulations for installing fire sprinklers in both public and private buildings and institutions, which is providing a positive impact on the market growth. This has increased the installation rate of fire sprinkler systems across the region. Moreover, technological advancements have prompted manufacturers to introduce fire sprinkler systems with HI-FOG technology. These systems have quicker activation rates, enhanced oxygen displacement capabilities and enable minimal water loss.
IMARC Group provides an analysis of the key trends in each sub-segment of the Latin America fire sprinklers market, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type, service, component, application and technology.
Breakup by Product Type:
Breakup by Service:
Breakup by Component:
Breakup by Application:
Breakup by Technology:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Service, Component, Application, Technology, Country|
|Countries Covered||Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
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|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)|
Key Questions Answered in This Report:
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