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Fire Sprinkler Systems Market Size - By Component (Product, Service), By Product (Wet-pipe Sprinkler System, Dry-pipe Sprinkler System, Pre-action Sprinkler System, Deluge Sprinkler System), By Application, By Response Time & Forecast, 2024 – 2032


Published on: 2024-07-30 | No of Pages : 240 | Industry : Industrial-Machinery

Publisher : MIR | Format : PDF&Excel

Fire Sprinkler Systems Market Size - By Component (Product, Service), By Product (Wet-pipe Sprinkler System, Dry-pipe Sprinkler System, Pre-action Sprinkler System, Deluge Sprinkler System), By Application, By Response Time & Forecast, 2024 – 2032

Fire Sprinkler Systems Market Size

Fire Sprinkler Systems Market was valued at USD 11.52 billion in 2023 and is estimated to register a CAGR of over 8.6% from 2024 to 2032. Technological advancements have transformed traditional sprinkler systems into smarter and more efficient equipment. The introduction of advanced sensors and control systems allows for early detection and localized activation of sprinklers, minimizing water damage and maximizing the effectiveness of fire suppression.

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The rising integration of smart sensors and advanced detection technologies is ensuring early detection of fires, allowing sprinkler systems to be activated promptly and respond quickly. These sensors can detect heat, smoke, or flames with greater accuracy, minimizing false alarms and improving response times. Modern sprinkler systems incorporate advanced suppression systems, such as water mist or foam, which can extinguish fires more effectively while minimizing water damage to surrounding areas. These systems are particularly beneficial in environments where water damage is a concern such as data centers or museums.
 

Fire Sprinkler Systems Market Report Attributes
Report Attribute Details
Base Year 2023
Fire Sprinkler Systems Market Size in 2023 USD 11.52 Billion
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 8.6%
2032 Value Projection USD 23.79 Billion
Historical Data for 2021 - 2023
No. of Pages 220
Tables, Charts & Figures 302
Segments covered Component, Product, Application, Response Time, Region
Growth Drivers
  • Rapid urbanization and infrastructure development
  • Increasingly stringent regulations and building codes
  • Technological advancements
  • Rising industry-specific requirements for fire protection systems
  • Increasing consumer awareness
Pitfalls & Challenges
  • Cost constraints
  • Complexity of installation

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During fire sprinkler installation, many issues and considerations need to be addressed. The entire process becomes more difficult and critical in an existing building. Installing fire sprinkler systems can be complex, requiring coordination with architects, contractors, and building owners. Retrofitting existing buildings with sprinkler systems can be particularly challenging due to space constraints, structural considerations, and disruption to operations.

Fire Sprinkler Systems Market Trends

There is a growing focus on the aesthetics of fire sprinkler systems, particularly in commercial and residential settings, for architectural and interior design purposes. Manufacturers are offering sprinkler heads and piping systems with sleek and discreet features to blend seamlessly with building interiors while maintaining compliance with safety standards.

With the rising consumer awareness, fire sprinkler systems are gaining momentum across the residential and non-residential sectors. Fire sprinklers are being installed in various places including homes, commercial buildings, and public areas as they are highly effective at limiting the spread of fires. These systems consist of a network of pipes filled with water, and each sprinkler head is designed to detect heat and activate independently. When a fire breaks out, the sprinkler head closest to the fire is activated, releasing water to control or extinguish the flames.

Fire Sprinkler Systems Market Analysis

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Based on application, the residential segment is anticipated to expand at a CAGR of over 9% between 2024 and 2032.

  • Fire prevention and risk management have improved dramatically in recent decades due to a variety of factors including better building and materials codes, alarm systems, and regulations. Fire sprinkler systems have also contributed to these improvements and will continue to do so, particularly as more small-residential homes are outfitted with Residential Fire Sprinkler System (RFSS). For instance, in April 2024, the Home Fire Sprinkler Coalition and the NFPA Fire Sprinkler Initiative launched Home Fire Sprinkler Week, focusing on the home fire problem and the need for better understanding of the life-safety benefits of installed home fire sprinklers.

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Based on product, the wet-pipe sprinkler system segment dominated the 42% share of the fire sprinkler systems market in 2023.
 

  • Wet fire sprinkler systems are witnessing significant growth, driven by several factors. The increasing emphasis on fire safety regulations and standards across various industries is boosting system adoption. Growing urbanization and industrialization, particularly in developing countries, has led to a rising need for fire protection systems, further fueling market growth. For instance, in September 2023, UNITED Fire Systems launched the FM-approved Fire Systems Model AR-1 Wet-Pipe Fire sprinkler system air vent for avoiding wet-pipe system internal corrosion and complying with NFPA 13. Features and benefits include a dielectric union that prevents dissimilar metal corrosion, a ball valve that allows AR-1 servicing without sprinkler system shutdown, float valve automatic shutoff for the outlet when air is vented, and an outlet tubing connection that provides optional connection for remote draining.

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The Asia Pacific fire sprinkler systems market is predicted to witness about 9.5% CAGR through 2032. This growth is fueled by various factors including the increasing awareness of fire safety measures, stringent regulations, and the rising need for reliable fire protection solutions across various sectors. Countries, such as China, Japan, and South Korea, are at the forefront of this growth, leveraging their technological expertise and industrial capabilities. The demand for fire sprinkler systems in these countries is attributed to factors such as urbanization, infrastructure development, and the growing concerns for safeguarding lives and assets.

Technological advancements in fire detection and suppression systems, with the integration of smart sensors, and remote monitoring capabilities, are spurring the evolution of more efficient and protective fire sprinkler solutions. These systems offer enhanced detection accuracy, rapid response times, and improved scalability, making them indispensable for a wide range of applications including commercial buildings, industrial facilities, and residential complexes.

Fire Sprinkler Systems Market Share

Johnson Controls and Honeywell HBT held over 10% share of the fire sprinkler systems industry in 2023. Johnson Controls offers a comprehensive suite of products and services aimed at protecting life and property from the ravages of fire. Its fire sprinkler systems are designed to automatically detect and extinguish fires in their early stages, effectively suppressing the spread of flames and minimizing damage.

Honeywell HBT offers innovative solutions that prioritize safety and efficiency. Honeywell HBT has established itself as a leading provider of advanced fire detection and suppression systems including fire sprinkler systems.

Fire Sprinkler Systems Market Companies

Major players operating in the fire sprinkler systems industry are

  • Johnson Controls
  • Honeywell HBT.
  • Viking Group Inc.
  • HD Fire Protect Pvt. Ltd.
  • Minimax GmbH & Co. KG
  • Rapidrop Global Ltd.
  • Potter Electric Signal Company, LLC

Fire Sprinkler Systems Industry News

  • In April 2024, AGF, a leading provider of innovative fire protection solutions, announced the integration of its domestically made Model 8511 Sprinkler Floor Control manifold with the Zurn Model ZW5004 adjustable pressure reducing valve, offering superior efficiency and reliability for the fire sprinkler industry.
  • In May 2023, Pye-Barker Fire & Safety, the largest fully integrated fire protection, life safety and security services provider in the U.S., acquired Automatic Fire Sprinklers, Inc., one of the country’s largest multi-family automatic fire sprinkler contractors, with operating locations in California and Washington state. This acquisition enhanced Pye-Barker's fire sprinkler services on the West Coast and reflects the company's geographic expansion and acquisition strategy.

This fire sprinkler systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2024 to 2032, for the following segments

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Market, By Component

 

  • Product
  • Service

Market, By Product

  • Wet-pipe sprinkler system
  • Dry-pipe sprinkler system
  • Pre-action sprinkler system
  • Deluge sprinkler system
  • Others

Market, By Application

  • Residential
  • Commercial
  • Industrial

Market, By Response Time

  • Standard
  • Quick

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

 

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )