Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.33 Billion | USD 23.49 Billion | 8.44% | 2023 |
According to Zion Market Research, the global Automatic Fire Sprinkler Systems Market was worth USD 11.33 Billion in 2023. The market is forecast to reach USD 23.49 Billion by 2032, growing at a compound annual growth rate (CAGR) of 8.44% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Automatic Fire Sprinkler Systems industry over the next decade.
A dynamic fire safety method that consists of a water supply system, which provides sufficient pressure and flow rate to a water distribution piping system, onto which fire sprinklers are connected is called as a fire sprinkler system. These systems are mainly installed in commercial and residential properties in order to avoid the financial and property damages. Earlier, these systems were installed only at places where there was huge amount of crowd, such as school, colleges, office, residential apartments, residing more than hundred residents. Nowadays, it has become a vital precautionary method to avoid unnecessary the mishaps.
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 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 are anticipated to be the major constraint for 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.
Report Attributes | Report Details |
---|---|
Report Name | Automatic Fire Sprinkler Systems Market |
Market Size in 2023 | USD 11.33 Billion |
Market Forecast in 2032 | USD 23.49 Billion |
Growth Rate | CAGR of 8.44% |
Number of Pages | 110 |
Key Companies Covered | 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. |
Segments Covered | By Type, By End-Users And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global automatic fire sprinkler systems market has been fragmented into five main regions including Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. 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.
Some of the major players dominating the global automatic fire sprinkler systems market are
By Type
By End-User
Global Automatic Fire Sprinkler Systems Market: Regional Segment Analysis
FrequentlyAsked Questions
Fire suppression systems that are intended to automatically detect and put out fires without the need for human involvement are known as automatic fire sprinkler systems. In order to give a dependable method of managing and putting out fires, these systems are commonly utilised in residential, commercial, and industrial structures. This increases safety and reduces property damage.
The market is expanding as a result of governments and regulatory agencies enforcing stronger fire safety laws and requiring the installation of fire prevention systems in both residential and commercial structures.
According to Zion Market Research, the global Automatic Fire Sprinkler Systems Market was worth USD 11.33 Billion in 2023. The market is forecast to reach USD 23.49 Billion by 2032.
According to Zion Market Research, the global Automatic Fire Sprinkler Systems Market a compound annual growth rate (CAGR) of 8.44% during the forecast period 2024-2032.
The global automatic fire sprinkler systems market has been fragmented into five main regions including Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. North America is anticipated to be the largest market for automatic fire sprinkler systems followed by Asia Pacific and Europe.
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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