Global Automatic Fire Sprinkler Systems Market Size By Industry Vertical (Commercial, Industrial and Manufacturing, Transport and Logistics, Residential), By Type (Wet, Dry, Preaction, Deluge), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationGlobal Automatic Fire Sprinkler Systems Market Size By Industry Vertical (Commercial, Industrial and Manufacturing, Transport and Logistics, Residential), By Type (Wet, Dry, Preaction, Deluge), By Geographic Scope And Forecast
Automatic Fire Sprinkler Systems Market Size And Forecast
Automatic Fire Sprinkler Systems Market size was valued at USD 1,179.90 Million in 2022 and is projected to reach USD 2,761.94 Million by 2030, growing at a CAGR of 11.13% from 2023 to 2030.
The increase in residential and non-residential development activity has aided the expansion of the marketplace for automated fire sprinkler systems. Growing public knowledge of the advantages of automated fire sprinkler systems can favor market growth. The Global Automatic Fire Sprinkler Systems Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Automatic Fire Sprinkler Systems Executive Summary
An automatic sprinkler system is a set of pipework and sprinklers designed to activate automatically when a fire occurs, discharging water onto the fire. When the air temperature reaches or exceeds the device’s temperature rating, the sprinkler activates automatically. When this occurs, the sprinkler sprays water over a predetermined location. Wet, Dry, Preaction, and Deluge are the types of the Automatic Fire Sprinkler. Automatic fire sprinklers detect the heat in advance, initiate alarm, and spray water finely into area which is prone to fire. The sprinklers detect the heat in advance and help in smothering the fire area thereby protecting the injuries caused by fire and safeguarding the lives and property.
To reduce the damage caused by fire, automatic fire sprinklers are placed in various commercial buildings such as offices, factories, hotels, schools, and hospitals. As a result, businesses spend a significant amount of money on fire protection and the installation of various sprinklers, which provide a safer working environment. Furthermore, because fire sprinklers are tax-deductible, they constitute an investment for the company. Fire sprinklers are commonly installed in warehouses to defend against the loss of property due to fire. In addition, installing automated fire sprinklers can assist prevent fires from spreading and causing damage to people and property. Automatic fire sprinklers consume less water while providing optimal fire protection, helping to protect the environment.
Automatic fire sprinklers are used in various industries for the purpose of safety and precaution. Protection of life and property and prevention of loss or damage is one of the major reasons behind the increasing demand for fire sprinklers. Fire sprinkler systems are beneficial for the environment as they reduce the emissions of greenhouse gases from buildings on fire along with reducing the usage of water by fire rescue services in controlling fires. They find applications in various sectors such as manufacturing, oil & gas, energy & power, mining, and transportation which are increasingly adopting fire sprinklers to protect the delicate and sensitive systems, in addition to being used in other verticals such as government, healthcare, academia, and residential. The fire sprinkler market has a huge opportunity for growth in the coming years due to continuous innovations in smart home automation related applications.
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Global Automatic Fire Sprinkler Systems Market Attractiveness Analysis
The Automatic Fire Sprinkler Systems Market is experiencing a scaled level of attractiveness in the North America region. Many water utilities in North America offer a valuable service by supplying water for fire protection. Fire risks typically increase as service areas expand, putting a greater burden on communities to protect human life and property. Most water utilities add capacity to their distribution systems to ensure that large volumes of water and sufficient pressures are available to inundate fires. Fire risks have been reduced in recent decades due to advancements in building materials and designs, fire alarm systems, and internal fire sprinkler systems. Although residential fire sprinkler systems (RFSS) are less common than commercial and industrial systems, they are becoming more popular. In residential occupancies, including smaller dwellings, where delayed fire department response times can increase the risk of loss of life, RFSS provides effective life safety protection. One of the primary reasons for the increasing demand for fire sprinkler systems in the North American region is the protection of life and property and the prevention of loss or damage caused by fire incidents. According to the National Fire Protection Association (NFPA), in 2021, local fire departments in the United States responded to an estimated 1.35 million fires, resulting in approximately 3,800 civilian fire deaths, 14,700 reported civilian fire injuries, and USD 15.9 billion in property damage. Furthermore, every 23 seconds in 2021, a fire department responded to a fire somewhere in the United States.
Global Automatic Fire Sprinkler Systems Market Outlook
The increase in residential and non-residential development activity has aided the expansion of the marketplace for automated fire sprinkler systems. Increasing installation possibilities, requirements for building codes, retrofitting projects, technical improvements, and safety concerns have all contributed to the construction sector’s need for these systems. The increased demand for automated fire sprinkler systems has resulted from increased residential and non-residential development activity. Sprinkler systems have a greater chance of being installed throughout the initial building process of new structures. This has resulted in an increase in the number of customers for sprinkler system vendors and installation businesses.
Rising fire safety awareness and government compliance laws have significantly influenced the expansion of the automated fire sprinkler system market. There has been a growing focus on fire safety knowledge amongst the general public, companies, and organizations in recent years. Increased news coverage of fires and their disastrous results have increased public awareness of the significance of active fire protection measures. Because of this, increased awareness creates a greater need for dependable and effective fire prevention systems, such as automated fire sprinkler systems.
The primary downside of implementing a fire alarm system is the expense. Installation prices may range from a few hundred to thousands of dollars based on the plan chosen, and this does not include any standard maintenance charges like testing or changing batteries regularly. Installing an automated fire sprinkler system might be expensive upfront. This covers the costs of planning the system, procuring the appropriate equipment, which includes pipes, control valves, sprinkler heads, and water supply, and paying installation personnel. The complex nature of the building’s architecture and scale might raise installation expenses even further. Further, retrofitting an old structure with an automated fire sprinkler system might be costlier and more challenging than installing it during design. Retrofitting frequently necessitates structural adjustments, such as drilling holes for pipe installation, which can raise the final cost.
Growing public knowledge of the advantages of automated fire sprinkler systems can favor market growth. As people grow more conscious of the dangers of fires and the necessity of fire safety, building owners, architects, and residents become increasingly aware of the requirement for appropriate fire protection systems. They understand that automated fire sprinkler systems are one of the most dependable and effective ways to detect and suppress fires, minimize property damage, and save lives.
Global Automatic Fire Sprinkler Systems MarketSegmentation Analysis
The Global Automatic Fire Sprinkler Systems Market is segmented on the basis of Industry Vertical, Type, and Geography.
Automatic Fire Sprinkler Systems Market, By Type
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Based on Type, the market is segmented into Wet, Dry, Preaction, Deluge. Wet accounted for the largest market share of 77.72% in 2022 and is projected to grow at a CAGR of 10.92% during the forecast period. The most common type of fire sprinkler is a wet pipe sprinkler system. This is the traditional type of fire sprinkler, in which the sprinkler pipes are filled with pressurized water that discharges immediately in the event of a fire. The most prevalent sort of sprinkler system is a wet pipe sprinkler system. The sprinkler piping in this system continues to be full of water. A sprinkler’s glass bulb or fusible link will break if the temperature at the ceiling rises sufficiently. Since the system is already full of water, water can freely flow from that sprinkler head.
Automatic Fire Sprinkler Systems Market, By Industry Vertical
Based on Industry Vertical, the market is segmented into Commercial, Industrial and Manufacturing, Transport and Logistics, Residential, Oil, Gas and mining, Energy and Power. Commercial accounted for the largest market share of 47.38% in 2022 and is projected to grow at a CAGR of 10.15% during the forecast period. Commercial property owners understand the value of fire safety and protection. As a result, it is critical that they adhere to state and federal regulations regarding commercial fire sprinklers. Fires can destroy your property, business equipment, merchandise, and livelihood. A fire can also endanger the lives of the building’s customers, employees, tenants, and visitors. Commercial fire sprinkler systems are the first line of defense in the event of a fire in a commercial building. Sprinkler systems provide the first level of protection for people and property. When it comes to the installation of fire sprinkler systems for commercial properties, there are local, state, and federal guidelines.
Automatic Fire Sprinkler Systems Market, By Geography
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On the basis of regional analysis, the Global Automatic Fire Sprinkler Systems Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America accounted for the largest market share of 48.85% in 2022 and is projected to grow at a CAGR of 8.82% during the forecast period. One of the primary reasons for the increasing demand for fire sprinkler systems in the North American region is the protection of life and property and the prevention of loss or damage caused by fire incidents. According to the National Fire Protection Association (NFPA), in 2021, local fire departments in the United States responded to an estimated 1.35 million fires, resulting in approximately 3,800 civilian fire deaths, 14,700 reported civilian fire injuries, and USD 15.9 billion in property damage. Furthermore, every 23 seconds in 2021, a fire department responded to a fire somewhere in the United States. The services solution, encompassing design, installation, maintenance, inspection, and managed services, has grown in the North American Automatic fire sprinkler market. According to Manitoba Health Canada, the province spent 280 million in February 2022 on the initiative to improve fire and life safety at personal care homes, hospitals, and healthcare facilities. Furthermore, it has been allocating 74 percent of its annual budget towards sprinklers and other fire safety equipment in health facilities.
Key Players
The Global Automatic Fire Sprinkler Systems Market is highly fragmented with the presence of a large number of players in the market. Some of the major companies include Johnson Controls, Siemens, Halma PLC, Semco Maritime A/S, Consilium Safety Group, Marioff, Knowsley SK Ltd., Koetter Fire Protection, Cosco Fire Protection, Viking Group Inc., and others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Company Market Ranking Analysis
The company ranking analysis provides a deeper understanding of the top 3 players operating Automatic Fire Sprinkler Systems Market. takes into consideration several factors before providing a company ranking. The top three players for the automatic fire sprinkler systems market are Johnson Controls, Siemens, and Halma PLC. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features and price), company presence across major regions, product related sales obtained by the company in recent years and its share in the total revenue. further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance their market presence globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various Automatic Fire Sprinkler Systems Markets.
Company Regional Footprint
The company’s regional section provides geographical presence, regional level reach, or the respective company’s sales network presence. For instance, Johnson Controls has its presence globally i.e. in North America, Europe, Asia Pacific Latin America, and Middle East and Africa.All the companies considered for profiling are reviewed similarly under this section. These sections help us to understand the overall automatic fire sprinkler systems market presence on a global and country level.
Ace Matrix
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