Fire Sprinkler System Market Report: Trends, Forecast and Competitive Analysis to 2030

Fire Sprinkler System Trends and Forecast

The future of the global fire sprinkler system market looks promising with opportunities in the residential, commercial, and industrial markets. The global fire sprinkler system market is expected to reach an estimated $13.0 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are increasing construction activity across a variety of industries, growing number of fire-related incidents, and rising preference for high-performance sprinkler systems with minimal water wastage.

A more than 150-page report is developed to help in your business decisions.

Fire Sprinkler System by Segment

The study includes a forecast for the global fire sprinkler system by component, product, end use, and region.

Fire Sprinkler System Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Product
• Service

Fire Sprinkler System Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Wet-Pipe Sprinkler System
• Dry-Pipe Sprinkler System
• Pre-Action Sprinkler System
• Deluge Sprinkler System

Fire Sprinkler System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Industrial

Fire Sprinkler System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Fire Sprinkler System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fire sprinkler system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fire sprinkler system companies profiled in this report include-

• HD Fire Protect
• Honeywell
• Minimax
• Potter Electric Signal
• Rapidrop
• Reliable
• Tyco Fire Protection Product

Fire Sprinkler System Market Insights

Lucintel forecasts that wet-pipe is expected to witness the highest growth over the forecast period due to its widespread use in variety of industries and building types as they are highly cost-effective and dependable.

Within this market, commercial will remain the largest segment due to significant installation of fire sprinklers in a variety of sectors, such as manufacturing, retail, healthcare, hospitality, and office spaces, in order to safeguard their valuable assets and maintain business continuity.

North America will remain the largest region over the forecast period due to existence of stringent government regulation towards building safety, rising preference for smart homes, and presence of key players in the region.

Features of the Global Fire Sprinkler System Market

Market Size Estimates: Fire sprinkler system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Fire sprinkler system market size by component, product, end use, and region in terms of value ($B).

Regional Analysis: Fire sprinkler system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, products, end uses, and regions for the fire sprinkler system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fire sprinkler system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the fire sprinkler system market size?

Answer: The global fire sprinkler system market is expected to reach an estimated $13.0 billion by 2030.

Q2. What is the growth forecast for fire sprinkler system market?

Answer: The global fire sprinkler system market is expected to grow with a CAGR of 7.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fire sprinkler system market?

Answer: The major drivers for this market are increasing construction activity across a variety of industries, growing number of fire-related incidents, and rising preference for high-performance sprinkler systems with minimal water wastage.

Q4. What are the major segments for fire sprinkler system market?

Answer: The future of the fire sprinkler system market looks promising with opportunities in the residential, commercial, and industrial markets.

Q5. Who are the key fire sprinkler system market companies?

Answer: Some of the key fire sprinkler system companies are as follows:

• HD Fire Protect
• Honeywell
• Minimax
• Potter Electric Signal
• Rapidrop
• Reliable
• Tyco Fire Protection Product

Q6. Which fire sprinkler system market segment will be the largest in future?

Answer: Lucintel forecasts that wet-pipe is expected to witness the highest growth over the forecast period due to its widespread use in variety of industries and building types as they are highly cost-effective and dependable.

Q7. In fire sprinkler system market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to existence of stringent government regulation towards building safety, rising preference for smart homes, and presence of key players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the fire sprinkler system market by component (product and service), product (wet-pipe sprinkler system, dry-pipe sprinkler system, pre-action sprinkler system, and deluge sprinkler system), end use (residential, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?