Automatic Fire Sprinklers Market Worth $1,148 Million by 2023 | Business Strategies and Opportunities With Key Players Analysis

According to a new report published by Allied Market Research, titled, Automatic Fire Sprinkler System Market by Product type and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the automatic fire sprinkler systems market was valued at $575 million in 2016, and is projected to reach at $1,148 million by 2023, growing at a CAGR of 10.6% from 2017 to 2023. North America is expected to be the leading contributor to the global automatic fire sprinkler systems market, followed by Europe and Asia-Pacific.

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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.

Reduction in risk of damage, protection of life and property, and rise in investments across organization to protect the infrastructure is expected to drive the automatic fire sprinkler systems market growth. Growth in investments in smart homes and buildings are also expected to fuel the growth of the automatic fire sprinkler systems market. Various technological advancements and rise in awareness regarding fire safety are expected to provide numerous opportunities in the automatic fire sprinkler systems market.

Key Segments

The report segments the global automatic fire sprinkler systems market on the basis of product type, industry vertical, and region.

Based on product type, the automatic fire sprinkler system market is classified into wet, dry, deluge, and preaction. On the basis of industry vertical, it is classified into residential, commercial, oil, gas and mining, industrial and manufacturing, energy and power, transport & logistics, and others. By geography, the automatic fire sprinkler system market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The residential segment is expected to grow at the highest CAGR of 11.9% during the forecast period.

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Key Players

Key players profiled in the global automatic fire sprinkler systems market are 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., and Grundfos.

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.

Porter's 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.

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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.

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