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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Fire Sprinklers Market Size
The global fire sprinklers market size reached a value of about USD 12.65 billion in 2023. The market is further expected to grow at a CAGR of about 8.2% in the forecast period of 2024-2032 to reach a value of around USD 25.63 billion by 2032.
North America is the leading region for the market due to the presence of upgraded fire protection systems. Governments throughout the world are now enforcing stringent regulations on fire sprinkler installations in public and private institutions. In the Indian Nation Building Code, for example, automatic sprinklers, fire removers, and water sprays have been included. Similarly, a provision for home-fire sprinklers in one- and two-family housing is set out in the NFPA Building Construction and Security Code in the United States of America. Some of the major factors driving the growth of the global fire sprinklers market include development in buildings, technical advancements, and environmental advantages, among others.
Fire Sprinklers Market Report Snapshots
Fire Sprinklers Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global fire sprinklers market attained a value of nearly USD 12.65 billion.
The market is projected to grow at a CAGR of 8.2% between 2024 and 2032.
The market is estimated to grow in the forecast period of 2024-2032 to reach about USD 25.63 billion by 2032.
The major market drivers include the growing installations of upgraded fire protection systems, the rising popularity of smart homes, and the introduction of favourable government initiatives aimed at boosting the safety of buildings.
The growing demand for automation in the domestic sector, technological advancements and innovations, the surging launches of high-performance and smart fire sprinklers, and various advantages associated with the use of fire sprinklers are the key trends guiding the market development.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Wet pipe fire sprinklers, dry pipe fire sprinklers, deluge systems, and pre-action systems, among others, are the major product types in the market.
The various segments on the basis of service considered in the market report are engineering services, installation, design maintenance, inspection, and managed services, among others.
Stop valve, alarm valve, fire sprinkler head, alarm test valve, and motorised alarm bell are the significant components of the product in the market.
The major technologies of fire sprinklers considered in the market report include active fire protection and passive fire protection.
Commercial, residential, and industrial are the major end use segments of the product in the market.
The major players in the market are Johnson Controls, APi Group, Minimax USA LLC., Siemens AG, Hochiki America Corporation, and Honeywell International Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124