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Automatic Fire Sprinkler Systems Market Size & Share Outlook up to 2021
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Increasing number of deaths and damaged infrastructures caused due to fire boost the demand for automatic fire sprinklers systems. In addition, owing to rising awareness in organizations and mandatory regulations collaborated with insurance companies by the government is also the major factor driving the growth of the automatic fire sprinkler systems market globally. Various niche technological advancements in order to make the devices precise and accurate, resulting in the system to be automated also spur the growth of the market. Advantages such as easy installation, operation, and user-friendliness are also anticipated to impact the market growth in a positive way. Rising infrastructure activities, particularly in developing countries, is another driving factor enhancing the global market growth. On the other hand, stiff competition for manufacturing high-quality and cost-competitive products along with improved efficiency is anticipated to be the major constraint on the market growth.
On the basis of type, the global automatic fire sprinklers systems market is segmented as wet sprinklers, dry Sprinklers, deluge sprinklers, and pre-action sprinklers. Based on the end-users, the global market is further segmented as hotels, nursing homes, dormitories, hospitals, and others.
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North America is anticipated to be the largest market for automatic fire sprinkler systems followed by Asia Pacific and Europe. It acquires almost one-third of the global market. This trend is expected to continue in the market in the near future. Owing to its rising industrialization and infrastructure projects, India and China are also anticipated to experience considerable growth. In addition, upcoming projects of oil and gas initiated in Brazil and West Africa may augment the market globally.
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Some of the major players dominating the global automatic fire sprinkler systems market are Signal Communications Corporation, Semco Maritime A/S, Consilium AB, Marioff Corporation, Johnson Controls, Knowsley SK Ltd., Space Age Electronics Inc., Robert Bosch GmbH, Halma PLC, Gentex Corporation, United Technologies Corporation, and Siemens AG. Other key players influencing the global market are VT MAK, Tyco, Bosch Security System Inc., Cooper Wheelock, Napco Security Company Inc., SimplexGrinnell LP, Spectronics Corporation, Fenwal Controls Japan Ltd., RSG/Aames Security Inc., Kalb Corp., Master Fire Prevention Systems, Inc., EMTEQ Inc., Modular Connections LLC, and Atomizing Systems, Inc.
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