The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
Currently, the market is experiencing negative growth due to the spread of the coronavirus disease (COVID-19) and lockdowns imposed by the Government, which has halted operations of leading manufacturing units.
The US fire sprinklers market reached a value of US$ 4.7 Billion in 2020.
According to the estimates by IMARC Group, the US fire sprinklers market is expected to exhibit moderate growth during the next five years.
The National Fire Protection Association (NFPA) has made it mandatory to install fire protection in new commercial construction projects, which represents one of the key factors bolstering the market growth in the country.
The US government is organizing various seminars and formulating regulations to facilitate the adoption of fire protection systems, which is acting as a major trend in the market.
Based on the component, the market has been divided into fire sprinklers structures (pipe, valves and fittings, sprinkler heads and others); fire response system (fire alarm devices, lightening, voice/public alert and secure communication); fire suppression reagent (water, foam, gas and chemical); and fire detectors and control panels.
On the basis of the fire sprinkler type, the market has been categorized into wet sprinkler, dry sprinkler, pre-action sprinkler, deluge and other systems.
The market has been analyzed on the basis of the service into installation/design, maintenance and managed, engineering and fabrication, and others.
Based on the application sector, the market has been classified into commercial, residential and industrial sectors (manufacturing, oil and gas, energy and power, healthcare, transportation and logistics, mining and others)
On the geographical front, the market has been segmented into Northeast, Midwest, South and West.
Leading industry players are American Fire Systems, Inc., American Fire Protection, LLC (CHA Holdings, Inc.), Johnson Controls International plc, Siemens AG, Minimax GmbH & Co. KG, HOCHIKI Corporation and APi Group.
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