Global Fire Sprinkler Market Size, Share, Growth Analysis, By Type(Wet Pipe, Dry Pipe), By End-user(Residential, Commercial) - Industry Forecast 2024-2031

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 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. '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)'

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.

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.

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.