The market for fire sprinklers is estimated to be US$ 10.5 billion by 2022 and is anticipated to grow at an impressive CAGR of 6.3 % during the forecast period till 2028.

The report, titled "Global Fire Sprinkler System Market Analysis and Forecast, 2019-2028" analyzes the regional market on the basis of product quality, response time, hazard, technology, application and region.
A thorough market analysis report offers comprehensive market size, both historical and forecast in terms of Market Value (US$ million) and Market Volume ('000 units) and a complete market assessment (year-on-year growth). 

Additionally, the report also covers analysis of market share, growth of the industrial automation and equipment market, a review of the competition, key goals, plans and strategies, key applications, growth drivers, the latest research and development in fire protection systems all over the globe, and an analysis of competition for the main companies analyzed in the global market for fire sprinkler systems study.

Market Overview and Dynamics

The global fire sprinkler system market is projected to grow at an average rate of about 6.3% over the 2022-2028 time period. The primary driver of market demand for these systems is growing investments by companies to secure their infrastructures and reduce the risk of destruction of property and lives in a variety of ways.

Market Drivers and Trends of the Global Fire Sprinkler Systems Market

The governments of various nations are collaborating to develop strict guidelines to ensure the installation of systems for fire prevention within the homes, driving an increase in demand for systems to control fire globally. Additionally, the increasing demand for industrial and construction zones will drive up the demand for systems for fire protection.

Because of the strict rules that govern installing fire sprinkler systems within non-residential and residential structures around the globe, the demand for fire suppression systems is anticipated to increase. In both industrial and commercial sectors, fire sprinkler systems are a vital element of the safety of fire. The concern for public safety and an increased risk of property loss due to fire-related disasters are also driving factors behind the industry's expansion.

The adoption of fire sprinkler systems in the industrial sector is predicted to increase rapidly because of the high risk that is associated with diverse industries like manufacturing, oil and gas mining, power and energy.

North America holds a significant share of the fire sprinkler systems market and is predicted to dominate the market for global fire sprinkler systems over the next few years. Smart houses and buildings with innovative appliances are also expected to drive demand for fire sprinkler systems in the US. The Asia Pacific region has shown steady market growth due to rising urbanization and awareness in developing countries like India, China, and Japan.

Segmental Analysis: Global Fire Sprinkler Systems Market

On the basis of product, the wet pipe systems should be inspected monthly to ensure that they are in good condition and that normal water supply pressure is being maintained, whereas dry, pre-action and deluge systems should be inspected weekly to ensure that normal air and water pressures are being maintained.
Based on technology, Early-Suppression Fast Response (ESFR) system is dominating the global fire sprinkler systems market due to its property of covering a large area and simplifying installation.

Competition Analysis and Market Share Overview for the Global Fire Sprinkler System Market

The global fire sprinkler system market is fragmented in nature with the presence of various players and startups in the market. Companies are engaged in developing innovative technologies coupled with providing a wide range of services to drive the demand for fire sprinkler systems across the globe.
Moreover, such prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, product launches, partnerships, and collaborations are some of the strategies followed by prominent industry players.

Some of the key developments in the global fire sprinkler system market include,

In January 2023, Honeywell announced that it is expanding its strategic alliance with Nexceris, developer of Li-ion Tamer lithium-ion gas detection solutions, to help make electric vehicles (EVs) safer.

oHoneywell and Nexceris will offer advanced automotive sensing technology to help prevent conditions leading to thermal runaway in EV batteries, a phenomenon that causes extremely high temperatures within the battery cell and can result in a fire.

In January 2023, Johnson Controls India (JCI), in collaboration with their UK operations, has been the implementation and maintenance partner for the Heating, Ventilation and Air Conditioning (HVAC) equipment and system for INS Vikrant, India’s first indigenously designed and built aircraft carrier.

Some of the key players operating in the global fire sprinkler systems market include,
Johnson Controls International
Eaton Corporation plc
Robert Bosch GmbH
Agni Devices Pvt. Ltd
Honeywell International Inc
Tokyo Hochiki Co., Ltd.
Kauffman Co.
Emerson Electric Co.
McWane, Inc.
Globe Fire Sprinkler Corp.
and Siemens Industry Software Inc. among others.

RationalStat has segmented the global fire sprinkler system market on the basis of product, response time, hazard, technology, application, and region.

Global Fire Sprinkler System Market Value (US$ Million), Volume (‘000 Units), and Market Share (2019-2028) Analysis by Product
oWet pipe Sprinkler Systems
oDry pipe Sprinkler Systems
oPre-action Sprinkler Systems
oDeluge Sprinkler Systems
oWater-mist Systems
oStandpipe System
oClean Agent System
Global Fire Sprinkler System Market Value (US$ Million), Volume (‘000 Units), and Market Share (2019-2028) Analysis by Response Time
oStandard (RTI: 50 or less)
oQuick (RTI: 80 or more)
Global Fire Sprinkler System Market Value (US$ Million), Volume (‘000 Units), and Market Share (2019-2028) Analysis by Hazard
oLight Hazard (16-20ft) (areas with low concentrations of flammable materials)
oOrdinary Hazard (12-20ft) (areas with moderate concentrations of flammable materials)
oExtra Hazard (14-15 ft) (areas with a high concentration of flammable materials)
Global Fire Sprinkler System Market Value (US$ Million), Volume (‘000 Units), and Market Share (2019-2028) Analysis by Technology
oCMSA: Control-mode special application sprinkler
oESFR: Early-suppression fast-response sprinklers
oCMDA: control-mode density area sprinklers
oIn-rack fire sprinklers
Global Fire Sprinkler System Market Value (US$ Million), Volume (‘000 Units), and Market Share (2019-2028) Analysis by Application
oCommercial
oIndustrial
oResidential
oGovernment and Institutional
oOthers
Global Fire Sprinkler System Market Value (US$ Million), Volume (‘000 Units), and Market Share (2019-2028) Analysis by Region
oNorth America Fire Sprinkler Market
US
Canada
oLatin America Fire Sprinkler Market
Brazil
Mexico
Rest of Latin America
oWestern Europe Fire Sprinkler Market
Germany
UK
France
Spain
Italy
Benelux
Nordic
Rest of Western Europe
oEastern Europe Fire Sprinkler Market
Russia
Poland
Rest of Eastern Europe
oAsia Pacific Fire Sprinkler Market
China
Japan
India
South Korea
Australia
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
oMiddle East & Africa Fire Sprinkler Market
GCC
South Africa
Turkey
Rest of the Middle East & Africa

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