Fire Sprinkler Market By Type, Service and Application by 2023

Protection of life and property and prevention of damage or loss due to fire-break are the paramount concerns which have necessitated the demand for fire sprinklers. Fire sprinkler systems are capable of detecting and restricting the spread of fire by extinguishing fire in the early stages with minimal water usage. Fire sprinkler services are required in various sectors such as oil & gas, manufacturing, energy & power, transportation, and mining among others.

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Increasing investment across organizations in safeguarding the infrastructure and increased trend of automation along with reduced insurance cost across different industry verticals are major factors driving the growth of fire sprinkler market. Furthermore, governments are formulating stringent norms for installation of fire sprinklers in different public and private establishments, which is expected to further fuel the growth of the market. High cost involved in retrofitting fire sprinklers in buildings and lacking integrity in different system interfaces are some of the key factors hampering the growth of fire sprinkler market. The growth prospects in fire sprinkler market lies in favorable government mandates along with recent technological innovations in designing high-performing fire sprinklers.

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The fire sprinkler market is categorized on the basis of type, services, components, applications and geography. On the basis of type, the market is segmented into pre-action sprinkler system, wet sprinkler system, dry sprinkler system and deluge sprinkler system. Based on services, the market is segmented into engineering services, installation & design, maintenance services, inspection, and managed services, among others. Based on components, the market is segmented into stop valve, alarm valve, fire sprinkler, head alarm test valve, and motorized alarm bell. On the basis of application, the market is further segmented into commercial applications, residential applications and industrial applications. The commercial segment is further divided into academia & institutional, consumer goods & retail, healthcare, hospitality, banking, financial services, and insurance (BFSI). The industrial application is further segmented into energy & power, manufacturing, oil and gas, mining, transportation and logistics among others. On the basis of geography, the market is segmented into North America, APAC, Europe, and Latin America and Middle East and Africa (LAMEA).

Some of the key players operating in this market space include Honeywell International, Johnson Controls, Tyco, Minimax GmbH & Co. KG, API Group Inc., United Technologies Corporation, Robert Bosch GmbH, Hochiki Corporation, VT MAK, and Siemens AG.

KEY BENEFITS FOR STAKEHOLDERS:
The report provides comprehensive analysis of current & future market trends and emerging avenues for the growth of market across the globe
The report offers an overview of changing market dynamics in terms of fast turn-around analysis of stakeholders responses to recent industry policy changes and market trends
The report offers an insight into competitive landscape in terms of new technological developments, untapped segments, and value chain analysis
This report entails the detailed quantitative analysis of the current market and estimations through 2014-2020, which assists in identifying the prevailing market opportunities
Tools such as Porters Five Forces model help in understanding the potentiality of key buyers and sellers
Fire Sprinkler Market Key Segments:

By Type
Wet Sprinkler System
Pre-action Sprinkler System
Dry Sprinkler System
Deluge Sprinkler System
Others
By Service
Engineering Services
Installation
Design Maintenance
Inspection
Managed Services
Others
By Component
Stop Valve
Alarm Valve
Fire Sprinkler
Head Alarm Test Valve
Motorized Alarm Bell
By Application
Commercial Applications
Academia & Institutional
Consumer Goods & Retail
Healthcare
Hospitality
Banking
Financial Services
Insurance
Residential Applications
Industrial Applications
Energy and Power
Manufacturing
Oil and Gas
Mining
Transportation
Logistics
By Geography
North America
Europe
Asia-Pacific
Latin America, Middle East and Africa (LAMEA)
Key Players
Honeywell International
Johnson Controls
Tyco
Minimax GmbH & Co. KG
API Group Inc.
United Technologies Corporation
Robert Bosch GmbH
Hochiki Corporation
VT MAK
Siemens AG

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