USD 12.49 billion
Global Fire Sprinkler Market Size, Share, Growth Analysis, By Type(Wet Pipe, Dry Pipe), By End-user(Residential, Commercial) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2123 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
66 |
Figures:
75
Global Fire Sprinkler Market Insights
Global Fire Sprinkler Market size was valued at USD 12.49 billion in 2021 and is poised to grow from USD 14.43 billion in 2023 to USD 23.93 billion by 2030, at a CAGR of 7.49% during the forecast period (2023-2030).
The steady expansion of the worldwide fire sprinkler market is propelled by an increasing emphasis on fire safety measures and the implementation of stringent building codes. Crucial contributing factors encompass the ongoing processes of urbanization, industrialization, and the upswing in both residential and commercial construction activities. Noteworthy advancements in sprinkler technology, including the adoption of smart and environmentally friendly systems, are gaining notable traction. While North America and Europe continue to be significant markets, Asia-Pacific is emerging as a substantial player owing to swift infrastructure development. Market participants are directing their efforts towards research and development initiatives aimed at improving product efficiency and aligning with evolving safety standards. The global fire sprinkler market is poised to sustain a positive trajectory in the foreseeable future.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Industrial
Fastest Growth
Industrial
Growth Rate
7.49% CAGR
Global Fire Sprinkler Market by region
Country Share for North America(%)
Global Fire Sprinkler Market by End-user
Global Fire Sprinkler Market by End-user
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Global Fire Sprinkler Market Segmental Analysis
The global fire sprinkler market can be segmented based on several key factors, including type, end-user, and region. In terms of type, it can be categorized into wet pipe, dry pipe, pre-action, deluge, and others. End-users include property owners, contractors, and facility managers. Geographically, the market is divided into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Analysis By Type
The wet sprinkler system stands as the most prevalent variant within fire sprinkler systems. Its application is widespread in structures where a consistent water supply is available throughout the entire year. Activation occurs when the air temperature in the safeguarded area reaches a specific level, causing the fusible link in the sprinkler head to melt. This triggers the release of water, which then traverses the system's pipes and sprinkler heads. Conversely, the dry sprinkler system finds application in buildings without a year-round water supply, especially in regions experiencing cold winters. This system is air-filled instead of water-filled. When the air temperature in the protected area attains a predetermined level, the fusible link in the sprinkler head melts, allowing the air to escape and permitting water flow.
Analysis By End-user
The commercial segment accounted for a share of more than 50% in 2022 of the global fire sprinkler market. Surging use of fire sprinklers in office buildings, hotels, hospitals, shopping malls, and other commercial structures to ensure building safety is driving growth in this segment. Meanwhile, the industrial segment secures the second-largest share of the global fire sprinkler market, with a revenue share surpassing 30% in 2022. This segment's growth is fueled by an increasing demand for fire sprinkler systems in factories, warehouses, and other industrial settings.
Global Fire Sprinkler Market by End-user, 2021 (%)
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Global Fire Sprinkler Market Regional Insights
Commanding a share exceeding 35% in 2022, North America is estimated to hold a dominant stance in the global fire sprinkler market across the forecast period. High awareness of fire safety, stringent regulations to ensure fire safety law implementation, and the rising proliferation of high-rise buildings and industrial establishments contribute to North America’s high market share. In the Asia Pacific region, the demand for fire sprinklers is set to be driven on the back of factors such as escalating urbanization, and an increasing demand for fire safety in residential as well as commercial applications. China, India, and Japan are slated to be the top markets in this region. Growing focus on infrastructure development and fire safety is also slated to boost fire sprinkler sales in Latin America and the Middle East & Africa over the coming years.
Global Fire Sprinkler Market by End-user, 2023-2030
- Largest
- Fastest
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Global Fire Sprinkler Market Dynamics
Drivers
- High Awareness of Fire Safety: Fire safety is crucial for residential as well as commercial structures around the world and rising awareness regarding this is projected to boost market growth in the future. The imposition of stringent building regulations and rising cases of fire incidents are also driving sales of fire sprinklers.
- Urbanization and Infrastructure Development: Governments across the world are investing in new infrastructure development to boost economic growth and this is also slated to benefit fire sprinkler market growth as fire sprinklers are an essential part of the fire safety system of the new infrastructure.
- Insurance Premium Reduction: Incentivisation of property owners with reduced insurance premiums who have good fire safety systems installed on their properties is also a factor that could uplift the demand for fire sprinklers. To gain this financial advantage more property owners are focusing on improving their fire safety.
Restraints
- High Initial Costs: Procuring and installing a fire sprinkler system is an expensive task, which is why the adoption of fire sprinklers is slated to be limited among property owners with tight budgets. This is slated to slow down market development in underdeveloped and developing economies.
- Lack of Retrofitting: Older buildings and structures can be retrofitted with fire sprinkler systems but at an exorbitantly high cost owing to the structural challenges and requirements of different materials. This is also slated to limit fire sprinkler sales in the future.
- Regulatory Variability: Fire safety regulations and building codes are widely different across various countries and this can prove to be a challenge for fire sprinkler manufacturers as they struggle to comply with them. Lack of standard fire safety laws will also hamper fire sprinkler demand.
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Global Fire Sprinkler Market Competitive Landscape
The global fire sprinkler market features intense competition among key players. Established companies like Tyco Fire Products, Viking Group, and Johnson Controls dominate with their wide product portfolios, extensive distribution networks, and technological advancements. Emerging players, such as Globe Fire Sprinkler Corporation and Reliable Automatic Sprinkler Co., are gaining ground through innovative solutions and strategic partnerships. Regulatory requirements and increasing awareness about fire safety continue to drive market growth. This competitive landscape fosters product innovation, price competitiveness, and market expansion efforts by companies aiming to cater to diverse industry sectors and regions.
Top Player’s Company Profiles
- Tyco International Ltd. (Switzerland)
- Honeywell International Inc. (USA)
- Johnson Controls (USA)
- United Technologies Corporation (USA)
- Siemens AG (Germany)
- Minimax Viking (Germany)
- Reliable Automatic Sprinkler Co., Inc. (USA)
- Viking Group, Inc. (USA)
- Cosco Fire Protection (USA)
- HD Fire Protect Pvt. Ltd. (India)
- NAFFCO (United Arab Emirates)
- Fireman Safety Services Pvt. Ltd. (India)
- Victaulic (USA)
- The Reliable Automatic Sprinkler Co. (USA)
- Potter Electric Signal Company, LLC (USA)
- Fire Fighting Enterprises Ltd. (UK)
- Globe Fire Sprinkler Corporation (USA)
- Speroni SPA (Italy)
- Advanced Fire Protection Services Corporation (USA)
- Automatic Sprinkler Corporation of America (ASCOA) (USA)
Recent Developments
- At a total of USD 5.1 billion, SimplexGrinnell was acquired by Johnson Controls back in January 2023. Through this strategic acquisition, Johnson Controls bolstered its presence in the Middle East and Africa region as well as the rest of the world.
- FirePro, a provider of fire suppression systems was acquired by Viking Group with an undisclosed transaction amount in February 2023. This acquisition bolstered Viking Group's market presence in the United States for the fire sprinkler business.
- Firetrace was acquired by Hochiki for a sum of USD 140 million back in March 2023. Hochiki expanded its market presence in the fire sprinkler business through this strategic acquisition.
Global Fire Sprinkler Key Market Trends
- Technological Advancements and Smart Sprinkler Systems: Integration of advanced technologies such as artificial intelligence and IoT sensors has resulted in the creation of smart fire sprinkler systems around the world and growing demand for systems with remote monitoring and control capabilities will boost the adoption of smart fire sprinklers in the future.
- Green and Sustainable Fire Suppression Solutions: Fire sprinkler makers are also focusing on incorporating sustainability in their products to comply with the evolving focus on sustainability around the world. Products that are less harmful to the environment as well as human health such as water mist are also being extensively used in the development of novel fire sprinklers.
Global Fire Sprinkler Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product type of team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the prospects of the global fire sprinkler market appear promising, driven by an increasing emphasis on fire safety regulations and growing awareness of the importance of fire prevention measures. Factors such as urbanization, infrastructure development, and industrial expansion are expected to boost market growth. Moreover, advancements in sprinkler technology, including smart and eco-friendly systems, are likely to drive adoption. As climate change and the risk of wildfires continue to rise, demand for fire sprinklers in residential and commercial buildings is anticipated to surge. Overall, the market is poised for steady expansion, driven by safety concerns and evolving building standards.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 12.49 billion |
| Market size value in 2030 | USD 23.93 billion |
| Growth Rate | 7.49% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Fire Sprinkler Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Fire Sprinkler Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Fire Sprinkler Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Fire Sprinkler Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Fire Sprinkler Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Fire Sprinkler Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Fire Sprinkler Market Report Snapshots
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