Automatic Fire Sprinkler Market worth USD 21,595.73 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Automatic fire sprinkler Market by Type (Wet Fire Sprinklers, Dry Fire Sprinklers, Preaction, and Deluge), by Industry Vertical (Commercial, Residential, Energy and Power, Industrial & Manufacturing, Oil, Gas, and Mining, Transportation & Logistics, Others), and by Region - Global Trends, Market Share, and Forecast to 2027".

The global automatic fire sprinkler market was valued at USD 12,200 million in 2020 to USD 21,595.73 million by 2027, at a CAGR of 8.9% from 2021 to 2027. Various companies are initiating awareness regarding employee safety, spreading awareness in training, and providing safety brochures that contain proper guidelines regarding what needs to be done in case of a fire. Moreover, various government initiatives regarding public fire safety, such as NFPA’s “Learn not to burn” and “Risk Watch,” are the best examples of creating awareness among people to be safe. If such an accident occurs, then they should be prepared to fight against the fire. All these factors are expected to provide lucrative opportunities for the automatic fire sprinkler market.

Browse 211 market data Tables and 63 Figures spread through 234 Pages and in-depth TOC on "Automatic fire sprinkler Market Research Report 2021-2027."

Get Free Sample Report: https://www.marketstatsville.com/request-sample/automatic-fire-sprinker-market

Global Automatic Fire Sprinker Market Segmentation
The overall automatic fire sprinkler market has been segmented into type, industry vertical, and region.

• By Type (Wet Fire Sprinklers, Dry Fire Sprinklers, Preaction, and Deluge)
• By Industry Vertical (Commercial, Residential, Energy and Power, Industrial & Manufacturing, Oil, Gas, and Mining, Transportation & Logistics, Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Buy Now at 25% Discount: https://www.marketstatsville.com/buy-now/automatic-fire-sprinker-market

Commercial, by industry vertical, is estimated to hold the largest market share during the forecast period
Based on the component, the global automatic fire sprinkler market has been segmented into software, hardware, and services. In 2020, Commercial accounted for the largest market share of 46.132% in the global automatic fire sprinkler market and had a CAGR of 34.36% during the forecast period.

Fire protection is one of the basic and most important factors for every commercial space. Fire can cause damage to various merchandise, property, and people, which are the most important asset of any organization. In order to safeguard lives and property, automatic fire sprinklers are installed that require certain standards to be followed. Owing to the increasing awareness regarding fire safety and the deaths occurring due to fire hazards, various commercial sectors such as healthcare, hospitality, consumer goods & retail, banking, and financial services are expected to install automatic fire sprinklers to reduce the damage caused by fire. Hotels and leisure industries are also widely adopting the installation of fire sprinklers to protect the occupants and prevent them from various fire injuries and accidents.

Don't miss out on business opportunities in the Automatic Fire Sprinker Market. Speak to our research analyst and gain crucial market insights that will benefit your business grow.

North America accounts for the largest market share during the forecast period in the automatic fire sprinkler market
Based on the regions, the global automatic fire sprinkler market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America was accounted for the highest market share of 38.71% in the global automatic fire sprinkler market. It was anticipated to maintain its dominance throughout the forecast period, followed by Europe and the Asia Pacific.

The North American region includes countries such as the U.S., Canada, and Mexico. Stringent government regulations & mandates and infrastructural developments drive the market for automatic fire sprinklers systems. High-rise buildings are in need of fire protection systems, and strict fire safety codes are being implemented to minimize the risks and losses that would be caused by fire. The U.S. and Canada have witnessed major infrastructural developments owing to high population growth rates in these regions. The growth of automatic fire sprinklers in the U.S. is high due to increased construction activities and improving solid economic conditions, and willingness to spend on fire protection of homes. In addition, increasing housing and job markets supported the growth of automatic fire sprinklers. Moreover, high NFPA regulations and mandates have made it compulsory for newly constructed homes to install fire sprinklers.

The leading global automatic fire sprinklers market are API Group, Koorsen Fire & Security Inc., Cosco Fire Protection, Adams Fire Protection, American Fire Technologies, Johnson Controls International Plc., United Technologies Corporation Kaufman Fire Protection Systems, Inc., and Grundfos.

Browse complete report: https://www.marketstatsville.com/automatic-fire-sprinker-market

Contact Us:
Market Statsville Group
416, East Standsberry Street, Perkins, Oklahoma 74059, USA
USA: +1-580-205-2707 | +91 702 496 8807
Email: sales@marketstatsville.com
Web: www.marketstatsville.com

Content Source:
https://www.marketstatsville.com/press-release/automatic-fire-sprinkler-market

About Market Statsville Group
Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.
MSG has an entire repository of research reports on more than 1,000 niche industries, 3,000 high-growth potentials markets, 5,000 data sets, and more than 12,000 company profiles.

This release was published on openPR.