PUBLISHER: The Business Research Company | PRODUCT CODE: 1619586
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619586
A fire sprinkler is a device engineered to automatically release water when it detects heat from a fire, aiding in the control or extinguishment of flames. It features a sprinkler head equipped with a heat-sensitive element that activates at a specified temperature. Fire sprinklers are essential elements of fire suppression systems within buildings, designed to minimize property damage and enhance safety.
The main categories of fire sprinklers are products and services. Fire sprinkler products include systems and components engineered to automatically identify and suppress fires by discharging water or other extinguishing agents. Key components of fire sprinkler systems include the stop valve, alarm valve, fire sprinkler head, alarm test valve, and motorized alarm bell. These systems utilize technologies such as active and passive fire protection and are used in residential, commercial, and industrial settings.
The fire sprinkler market research report is one of a series of new reports from The Business Research Company that provides fire sprinkler market statistics, including the fire sprinkler industry's global market size, regional shares, competitors with a fire sprinkler market share, detailed fire sprinkler market segments, market trends and opportunities, and any further data you may need to thrive in the fire sprinkler industry. This fire sprinkler market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fire sprinkler market size has grown strongly in recent years. It will grow from $11.60 billion in 2023 to $12.42 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to several factors, including the increased construction of commercial and residential buildings, stricter fire safety regulations and building codes, heightened awareness of fire safety and prevention, technological advancements in fire sprinkler systems, and the expansion of renovation and retrofitting efforts for older buildings.
The fire sprinkler market size is expected to see strong growth in the next few years. It will grow to $16.38 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to several factors, including ongoing urbanization and infrastructure development, the adoption of smart fire sprinkler systems integrated with IoT technology, increased investments in industrial and manufacturing facilities, expansion of green building initiatives and sustainable construction practices, and rising demand for advanced fire protection in high-risk areas such as data centers and healthcare facilities. Major trends in the forecast period include the integration of smart technologies and IoT in fire sprinkler systems, the adoption of eco-friendly and water-saving sprinkler systems, high-pressure mist systems for fire suppression, automated and remote-controlled fire sprinkler systems, and hybrid fire suppression systems.
The growing number of high-rise buildings is expected to drive the expansion of the fire sprinkler market in the coming years. High-rise buildings, typically defined as structures over 75 feet (23 meters) in height, are designed to host multiple floors for residential, commercial, or mixed-use purposes. The rise in these buildings is primarily fueled by urbanization, the need for efficient land utilization, and a demand for more space in densely populated areas, where vertical construction maximizes limited land. Fire sprinklers play a crucial role in high-rise buildings by providing essential fire suppression, enhancing safety through rapid fire control or suppression to protect both occupants and property. For example, the Council on Tall Buildings and Urban Habitat, a US-based non-profit organization, reported that in 2023, a record 177 buildings over 200 meters in height were completed. As a result, the increasing prevalence of high-rise buildings will likely drive demand for fire sprinkler systems.
Leading companies in the fire sprinkler market are concentrating on creating innovative products, such as tamper-proof screws, to safeguard internal components from unauthorized access or tampering. These screws are specially designed fasteners that require specific tools for installation, preventing tampering. For example, in June 2022, WIKA Instruments India Pvt. Ltd., a technology company based in India, introduced the FSFD model, a fire sprinkler flow detector. This device detects water flow in wet pipe sprinkler systems when the sprinkler is activated. To avoid false alerts caused by water surges, the flow detector features an adjustable pneumatic time delay mechanism, ranging from 0 to 70 seconds. Additionally, the FSFD model is equipped with twin microswitches that send signals to the control panel and trigger local audio alarms, ensuring timely fire alerts. The inclusion of tamper-proof screws further protects the settings from unauthorized changes, adding an extra layer of security.
In January 2023, API Group Inc., a US-based construction engineering company, acquired General Fire Sprinkler Company LLC for an undisclosed amount. This acquisition enhances API Group Inc.'s service offerings and market presence in the fire protection industry by incorporating General Fire Sprinkler Company LLC's product offerings. General Fire Sprinkler Company LLC is a US-based provider of fire sprinkler system installation and service.
Major companies operating in the fire sprinkler market are Siemens AG, Honeywell International Inc., Johnson Controls International Plc, APi Group Inc., National Fire Fighting Manufacturing, Minimax GmbH &CO. KG, Victaulic Company, Pye-Barker Fire & Safety, LLC, Reliable Automatic Sprinkler Co. Inc., Cosco Fire Protection Inc, Potter Electric Signal Company LLC, Viking Group Inc., HD Fire Protect Pvt. Ltd., Vanguard Fire & Security systems, Hochiki Corporation, Star Fire Systems Private Limited, Fireman Safety Services Pvt. Ltd., Fire Sprinklers Inc., GW Sprinkler A/S, Siron Fire Protection
North America was the largest region in the fire sprinkler market in 2023. The regions covered in the fire sprinkler market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the fire sprinkler market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The fire sprinkler market consists of revenues earned by entities by providing services such as fire suppression, fire detection, smoke and heat detection, water distribution, emergency response support, and safety enhancement. The market value includes the value of related goods sold by the service provider or included within the service offering. The fire sprinkler market also includes sales of wet pipe sprinkler systems, dry pipe sprinkler systems, pre-action sprinkler systems, deluge sprinkler systems, sidewall sprinklers, and concealed sprinklers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fire Sprinkler Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fire sprinkler market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fire sprinkler ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fire sprinkler market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.