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Global Fire Sprinkler Systems Market to reach USD 15.52 billion by the end of 2030

Global Fire Sprinkler Systems Market Size study & Forecast, by Component (Product, Service) by Product (Wet-pipe Sprinkler System, Dry-pipe Sprinkler System, Pre-action Sprinkler System, Deluge Sprinkler System), by End-use (Residential, Commercial, Industrial) and Regional Analysis, 2023-2030

Product Code: OIRIME-62347643
Publish Date: 10-03-2024
Page: 200

Global Fire Sprinkler Systems Market is valued approximately at USD 8.20 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 8.3% over the forecast period 2023-2030. Fire sprinkler systems are active fire protection measures designed to suppress or extinguish fire in buildings or structures. These systems consist of a network of pipes, water supply, and sprinkler heads strategically placed throughout a building. The primary purpose of a fire sprinkler system is to control the spread of a fire, allowing occupants to evacuate safely and minimizing property damage. Moreover, growing awareness among individuals, businesses, and governments about the importance of fire safety, growing rapid urbanization and infrastructure development, and growing construction industry that anticipated to create the lucrative demand for the market during forecast period 2023-2030.

Additionally, the construction industry plays a crucial role in supporting the growth of the Fire Sprinkler Systems Market. As new buildings are constructed, fire safety measures become a priority. Building codes and regulations often mandate the installation of fire sprinkler systems in new structures, driving the demand for these systems in residential, commercial, and industrial buildings. According to the Statista, in 2020, the global construction industry was valued at USD 6.4 trillion and estimated to reach up to USD 14.4 trillion by the year 2030. As a result, the growing construction industry is anticipated to support the market growth. Moreover, technological integration with building management systems, and ongoing technological advancements in fire sprinkler system design and technology is anticipated to create the lucrative opportunity for the market. However, the high cost of retrofitting fire sprinklers stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Fire Sprinkler Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the stringent building codes and regulations, supportive government initiatives and incentives, and the presence of key market players. Whereas, Asia Pacific region is expected to grow with the fastest growth rate during the forecast period, owing to factors such as the growing urbanization and infrastructure development, increased awareness and education, and increasing construction activities.

Major market player included in this report are:
HD Fire Protect Pvt. Ltd.
Honeywell HBT
Minimax GmbH & Co. KG
Potter Electric Signal Company, LLC
Rapidrop Global Ltd.
Siemens AG
Tyco Fire Protection Products (Johnson Controls)
Victaulic Company.
Viking Group Inc.

Recent Developments in the Market:
Ø In June 2022, WIKA Instruments India Pvt. Ltd., a wholly-owned subsidiary of WIKA Global, has introduced the FSFD model. This fire sprinkler flow detector is meticulously crafted to identify water flow within wet pipe sprinkler systems. Ideal for a range of industrial and residential uses, the FSFD flow switch offers essential features to trigger local alarms and activate control panels when sprinklers are engaged.
Global Fire Sprinkler Systems Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Product, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:

By Product:
Wet-pipe Sprinkler System
Dry-pipe Sprinkler System
Pre-action Sprinkler System
Deluge Sprinkler System

By End-use:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Fire Sprinkler Systems Market, by region, 2020-2030 (USD Billion)
1.2.2. Fire Sprinkler Systems Market, by Component, 2020-2030 (USD Billion)
1.2.3. Fire Sprinkler Systems Market, by Product, 2020-2030 (USD Billion)
1.2.4. Fire Sprinkler Systems Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fire Sprinkler Systems Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fire Sprinkler Systems Market Dynamics
3.1. Fire Sprinkler Systems Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising awareness among individuals, businesses, and governments about the importance of fire safety Rapid urbanization and infrastructure development Growing construction industry
3.1.2. Market Challenges High initial costs associated with the installation of fire sprinkler systems
3.1.3. Market Opportunities Technological integration with building management systems Ongoing technological advancements
Chapter 4. Global Fire Sprinkler Systems Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Fire Sprinkler Systems Market, by Component
5.1. Market Snapshot
5.2. Global Fire Sprinkler Systems Market by Component, Performance – Potential Analysis
5.3. Global Fire Sprinkler Systems Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Fire Sprinkler Systems Market, Sub Segment Analysis
5.4.1. Product
5.4.2. Service
Chapter 6. Global Fire Sprinkler Systems Market, by Product
6.1. Market Snapshot
6.2. Global Fire Sprinkler Systems Market by Product, Performance – Potential Analysis
6.3. Global Fire Sprinkler Systems Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
6.4. Fire Sprinkler Systems Market, Sub Segment Analysis
6.4.1. Wet-pipe Sprinkler System
6.4.2. Dry-pipe Sprinkler System
6.4.3. Pre-action Sprinkler System
6.4.4. Deluge Sprinkler System
Chapter 7. Global Fire Sprinkler Systems Market, by End-use
7.1. Market Snapshot
7.2. Global Fire Sprinkler Systems Market by End-use, Performance – Potential Analysis
7.3. Global Fire Sprinkler Systems Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
7.4. Fire Sprinkler Systems Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial

Chapter 8. Global Fire Sprinkler Systems Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Fire Sprinkler Systems Market, Regional Market Snapshot
8.4. North America Fire Sprinkler Systems Market
8.4.1. U.S. Fire Sprinkler Systems Market Component breakdown estimates & forecasts, 2020-2030 Product breakdown estimates & forecasts, 2020-2030 End-use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Fire Sprinkler Systems Market
8.5. Europe Fire Sprinkler Systems Market Snapshot
8.5.1. U.K. Fire Sprinkler Systems Market
8.5.2. Germany Fire Sprinkler Systems Market
8.5.3. France Fire Sprinkler Systems Market
8.5.4. Spain Fire Sprinkler Systems Market
8.5.5. Italy Fire Sprinkler Systems Market
8.5.6. Rest of Europe Fire Sprinkler Systems Market
8.6. Asia-Pacific Fire Sprinkler Systems Market Snapshot
8.6.1. China Fire Sprinkler Systems Market
8.6.2. India Fire Sprinkler Systems Market
8.6.3. Japan Fire Sprinkler Systems Market
8.6.4. Australia Fire Sprinkler Systems Market
8.6.5. South Korea Fire Sprinkler Systems Market
8.6.6. Rest of Asia Pacific Fire Sprinkler Systems Market
8.7. Latin America Fire Sprinkler Systems Market Snapshot
8.7.1. Brazil Fire Sprinkler Systems Market
8.7.2. Mexico Fire Sprinkler Systems Market
8.8. Middle East & Africa Fire Sprinkler Systems Market
8.8.1. Saudi Arabia Fire Sprinkler Systems Market
8.8.2. South Africa Fire Sprinkler Systems Market
8.8.3. Rest of Middle East & Africa Fire Sprinkler Systems Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. HD Fire Protect Pvt. Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Honeywell HBT
9.3.3. Minimax GmbH & Co. KG
9.3.4. Potter Electric Signal Company, LLC
9.3.5. Rapidrop Global Ltd.
9.3.6. Siemens AG
9.3.7. Tyco Fire Protection Products (Johnson Controls)
9.3.8. Victaulic Company.
9.3.9. Viking Group Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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