Automatic Fire Sprinklers Market Analysis, Trends and Forecast by 2023 | by Product Type, Industry vertical and Geography

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.

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Automatic Fire Sprinklers Market by Product Type (Wet, Dry, Deluge and Preaction), Industry vertical (Residential, Commercial, Oil, gas and mining, industrial and manufacturing, energy and power, transport & logistics and others) and Geography.

Reduction is risk of damage, protection of life and property, and increase in investments across organizations to protect employees and infrastructure from fire is expected to drive the automatic fire sprinkler systems market. In addition, government initiatives and learning programs regarding fire safety such as NFPAs Learn not to burn and Risk Watch are some of the initiatives that help create awareness among fire safety are expected to drive the automatic fire sprinkler systems market growth.

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However, due to high initial cost of retrofitting automatic fire sprinkler systems in the present buildings are expected to hinder the automatic fire sprinkler systems market growth. Various technological advancements such as integrated voice evacuation and messaging systems are expected to provide numerous opportunities for the growth of the automatic fire sprinkler system market.

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

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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 domains.

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