Fire Sprinkler System Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Types (Wet Pipe Sprinkler System, Dry Pipe Sprinkler System, Pre-Action Sprinkler System, Deluge Sprinkler System), By Component (Sprinkler Heads, Alarm Valves and Pipe Networks), By End-User Industry (Fire Safety Services, Construction, Manufacturing, Energy and Utilities, Oil and
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationFire Sprinkler System Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Types (Wet Pipe Sprinkler System, Dry Pipe Sprinkler System, Pre-Action Sprinkler System, Deluge Sprinkler System), By Component (Sprinkler Heads, Alarm Valves and Pipe Networks), By End-User Industry (Fire Safety Services, Construction, Manufacturing, Energy and Utilities, Oil and
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 8.75 billion |
| CAGR (2023-2028) | 7.3% |
| Fastest Growing Segment | 3D Modeling and Animation |
| Largest Market | North America |
Market Overview
Key Market Drivers
Increasing Awareness of Fire Safety
Urbanization and Infrastructure Development
Technological Advancements in Fire Sprinkler Systems
Key Market Challenges
Regulatory Compliance and Variability
Cost Constraints and Budget Limitations
Key Market Trends
Integration of IoT and Smart Technologies in Fire Sprinkler Systems
Adoption of Eco-Friendly Fire Suppression Agents
Cloud-Based Fire Sprinkler System Management
Segmental Insights
Types Insights
Component Insights
Regional Insights
Recent Developments
- Johnson Controls International plc acquired Silent Knight, a fire alarmand life safety solutions provider, in 2022. This expanded Johnson ControlsInternational plc' portfolio of fire safety and security offerings.
- Viking Group Inc. launched a new line of pre-engineered fire sprinklersystems in 2021 called Viking EZ Flow. These systems are designed for fast andeasy installation in light hazard occupancies.
- Tyco SimplexGrinnell released its TYCO FireLock MZX residential firesprinkler in 2020. It features a multi-purpose design that allows for concealedor exposed installation.
- Minimax Viking GmbH launched its VdS-certified Minimax Viking GmbHTS-ECO fire sprinkler system in Europe in 2019. It uses 50-70% less water thanconventional sprinklers while still meeting safety standards.
- Honeywell acquired Fire & Security company Notifier in 2018. Thisstrengthened Honeywell's position as a leading provider of integrated lifesafety and security solutions.
- National Fire Protection Association released the 2021 edition of NFPA13, updating standards for the installation of sprinkler systems in commercialbuildings. It included revisions to seismic bracing requirements.
Key Market Players
- Johnson Controls International plc
- United Technologies Corporation
- API Group Inc
- Honeywell International Inc GmbH
- Viking Group Inc
- Honeywell International Inc
- Hochiki Corporation
- Minimax Viking GmbH
- VT MAK
- Tyco
| By Types | By Component | By End-User Industry | By Region |
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