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Automatic Fire Sprinklers Market by Current and Future Trends, Top Impacting Factors & demand to 2023

02-14-2019 11:12 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
Automatic Fire Sprinklers Market

Automatic Fire Sprinklers Market

The automatic fire sprinkler systems market is projected to depict a prominent growth during the forecast period owing to various factors such as growth protection of life and property, reduction in risk of damage caused from fire, and rise in awareness regarding fire safety coupled with various government initiatives fuel the growth of the automatic fire sprinkler systems market.

The automatic fire sprinklers are widely used in various residential, commercial, and industrial applications to prevent the fire spreading into the whole area thereby causing threat to life and property. Fire sprinklers help control and eliminate the damage caused by fire.

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Global Automatic Fire Sprinkler Systems Market was valued at $575 million in 2016 and is projected to reach $1,148 million by 2023, growing at a CAGR of 10.6% from 2017 to 2023. Automatic fire sprinklers detect the heat in advance, initiate alarm, and spray water finely into area which is prone to fire. The sprinklers detect the heat in advance and help in smothering the fire area thereby protecting the injuries caused by fire and safeguarding the lives and property.

Increase in Investments Across Organizations for Life Safety

Automatic fire sprinklers are installed in various commercial buildings such as offices, industries, hotels, schools, and hospitals to minimize the damage caused by fire. Therefore, organizations heavily invest money on fire protection and installation of various sprinklers, which provide safer work environment. Moreover, fire sprinklers are an investment to the business since they are tax deductible. Fire sprinklers are widely being installed in warehouses to protect the loss of damage caused by fire.

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Key Benefits:

The report provides an in-depth analysis of the global automatic fire sprinkler systems market to identify the potential investment pockets.
The key drivers, restraints, and opportunities are provided in the report.
Porters Five Forces model helps analyze the potential buyers and suppliers and the competitive sketch of the global automatic fire sprinkler systems market, which is expected to guide the market players to develop strategies accordingly.

Key Market Players

APi Group
Cosco Fire Protection
Tyco International
Adams Fire Protection
Heiser Logistics
Vfp Fire Systems
American Fire Technologies
Viking Group Inc.
Kaufman Fire Protection Systems, Inc.
Grundfos

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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