Press release
Fire Sprinkler Market Size to Reach Over $15 Billion by 2024 – Arizton
The global fire sprinkler market is expected to reach $15 billion by 2024, growing at a CAGR of close to 10%.The advent of technology has increased the range of fire safety products such as sprinkler systems, home alarm systems, water leakage detection devices, and smoke detectors. IoT is adding to the reach of these systems. Organizations are testing IoT-enabled smart fire sprinklers with smart smoke alarms, which have increased accuracy in terms of fire detection and suppression. Also, a high growth market potential, rapid penetration of IoT in various industries, and increasing spending power of consumers in countries such as China, Japan, and Australia are expected to drive the growth further.
The global fire sprinkler market is driven by the growing demand for new-age fire sprinkler systems among commercial, industrial, and residential end-users. Johnson Controls, Honeywell International, Siemens, and United Technologies are the market leaders in the US market. The market research report provides an in-depth market and segmental analysis of the fire sprinkler market by product, end-user, technology, and geography.
The study considers the present scenario of the global fire sprinkler market and its market dynamics for the period 2019−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes both the demand and supply sides of the market. It profiles and analyzes leading companies and several other prominent companies operating across the global market.
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Fire Sprinkler System Market – Vendor Profiles
Major Vendors
• Johnson Controls
• Honeywell International
• Siemens
• United Technologies
Prominent Players
• Schneider Electric
• Emerson Electric
• Senju Sprinkler
• Viking Group
• Smith-Cooper International
• Erico (Nvent)
• Reliable Automatic Sprinkler
• Globe Fire Sprinkler
• Uponor
• Plumis
• HD Fire Protect
• MÜPRO
• Lubrizol
• Fireline Sprinkler
• Todd Morris
Fire Sprinkler System Market – Segmentation
Market Segmentation by Product
• Wet Sprinklers
• Dry Sprinklers
• Deluge Sprinklers
• Pre-Action Sprinklers
• Others
Market Segmentation by End-users
• Commercial
• Industrial
• Residential
• Educational Institutions
• Government
Market Segmentation by Technology
• Non-Smart/ Traditional
• Smart
Market Segmentation by Geography
• North America
o US
o Canada
• Europe
o Germany
o UK
o France
• APAC
o China
o Japan
o Australia
• MEA
o UAE
o South Africa
• Latin America
o Brazil
o Mexico
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Fire Sprinkler System Market – Table of Contents
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Products
4.4.2 Market Segmentation by End-user
4.4.3 Market Segmentation by Technology
4.4.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market At A Glance
7 Introduction
7.1 Overview
8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Reduced Escape Time in Modern Houses
8.1.2 Growth of Home Automation
8.1.3 Increasing Losses in Fire Incidents
8.1.4 Modernization of Insurance Industry
8.2 Market Growth Restraints
8.2.1 Shortage of Fire Water Supply
8.2.2 High Cost of Retrofitting
8.3 Market Opportunities & Trends
8.3.1 Growing Usage of Mist Fire Sprinkler Systems
8.3.2 Rising Popularity of Connected Fire Safety Equipment
8.3.3 Emergence of Cyber-physical Systems
9 Global Fire Sprinkler System Market
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 By End-User
10.1 Market snapshot & Growth Engine
10.2 Market Overview
10.3 Commercial
10.3.1 Market Size & Forecast
10.3.2 Market by Geography
10.4 Industrial
10.4.1 Market Size & Forecast
10.4.2 Market by Geography
10.5 Residential
10.5.1 Market Size & Forecast
10.5.2 Market by Geography
10.6 Educational Institutions
10.6.1 Market Size & Forecast
10.6.2 Market by Geography
10.7 Government
10.7.1 Market Size & Forecast
10.7.2 Market by Geography
11 By Product
11.1 Market snapshot & Growth Engine
11.2 Market Overview
11.3 Wet Sprinklers
11.3.1 Market Size & Forecast
11.3.2 Market by Geography
11.4 Dry Sprinklers
11.4.1 Market Size & Forecast
11.4.2 Market by Geography
11.5 Deluge Sprinklers
11.5.1 Market Size & Forecast
11.5.2 Market by Geography
11.6 Pre-action Sprinklers
11.6.1 Market Size & Forecast
11.6.2 Market by Geography
11.7 Others
11.7.1 Market Size & Forecast
11.7.2 Market by Geography
12 By Technology
12.1 Market snapshot & Growth Engine
12.2 Market Overview
12.3 Non-smart/Traditional
12.3.1 Market Size & Forecast
12.3.2 Market by Geography
12.4 Smart
12.4.1 Market Size & Forecast
12.4.2 Market by Geography
13 By Geography
13.1 Market snapshot & Growth Engine
13.2 Overview
14 North America
14.1 Market Overview
14.2 Market Size & Forecast
14.3 Market by end-user
14.3.1 Market Size & Forecast
14.4 Market by Product
14.4.1 Market Size & Forecast
14.5 Market by Technology
14.5.1 Market Size & Forecast
14.6 Key Countries
14.6.1 US: Market Size & Forecast
14.6.2 Canada: Market Size & Forecast
15 Europe
15.1 Market Overview
15.2 Market Size & Forecast
15.3 Market by end-user
15.3.1 Market Size & Forecast
15.4 Market by Product
15.4.1 Market Size & Forecast
15.5 Market by Technology
15.5.1 Market Size & Forecast
15.6 Key Countries
15.6.1 Germany: Market Size & Forecast
15.6.2 UK: Market Size & Forecast
15.6.3 France: Market Size & Forecast
16 APAC
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Market by end-user
16.3.1 Market Size & Forecast
16.4 Market by Product
16.4.1 Market Size & Forecast
16.5 Market by Technology
16.5.1 Market Size & Forecast
16.6 Key Countries
16.6.1 China: Market Size & Forecast
16.6.2 Japan: Market Size & Forecast
16.6.3 Australia: Market Size & Forecast
17 Middle-East & Africa
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Market by end-user
17.3.1 Market Size & Forecast
17.4 Market by Product
17.4.1 Market Size & Forecast
17.5 Market by Technology
17.5.1 Market Size & Forecast
17.6 Key Countries
17.6.1 UAE: Market Size & Forecast
17.6.2 South Africa: Market Size & Forecast
18 Latin America
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Market by end-user
18.3.1 Market Size & Forecast
18.4 Market by Product
18.4.1 Market Size & Forecast
18.5 Market by Technology
18.5.1 Market Size & Forecast
18.6 Key Countries
18.6.1 Brazil: Market Size & Forecast
18.6.2 Mexico: Market Size & Forecast
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About Arizton Advisory & Intelligence
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: enquiry@arizton.com
Call: +1-312-235-2040/+1 302 469 0707
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