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Fire Sprinkler System Trends and Forecast
The future of the global fire sprinkler system market looks promising with opportunities in the residential, commercial, and industrial markets. The global fire sprinkler system market is expected to reach an estimated $13.0 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are increasing construction activity across a variety of industries, growing number of fire-related incidents, and rising preference for high-performance sprinkler systems with minimal water wastage.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Fire Sprinkler System by Segment
The study includes a forecast for the global fire sprinkler system by component, product, end use, and region.
Fire Sprinkler System Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Product
• Service
Fire Sprinkler System Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Wet-Pipe Sprinkler System
• Dry-Pipe Sprinkler System
• Pre-Action Sprinkler System
• Deluge Sprinkler System
Fire Sprinkler System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
• Industrial
Fire Sprinkler System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Fire Sprinkler System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fire sprinkler system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fire sprinkler system companies profiled in this report include-
• HD Fire Protect
• Honeywell
• Minimax
• Potter Electric Signal
• Rapidrop
• Reliable
• Tyco Fire Protection Product
Fire Sprinkler System Market Insights
Lucintel forecasts that wet-pipe is expected to witness the highest growth over the forecast period due to its widespread use in variety of industries and building types as they are highly cost-effective and dependable.
Within this market, commercial will remain the largest segment due to significant installation of fire sprinklers in a variety of sectors, such as manufacturing, retail, healthcare, hospitality, and office spaces, in order to safeguard their valuable assets and maintain business continuity.
North America will remain the largest region over the forecast period due to existence of stringent government regulation towards building safety, rising preference for smart homes, and presence of key players in the region.
Features of the Global Fire Sprinkler System Market
Market Size Estimates: Fire sprinkler system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Fire sprinkler system market size by component, product, end use, and region in terms of value ($B).
Regional Analysis: Fire sprinkler system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, products, end uses, and regions for the fire sprinkler system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fire sprinkler system market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the fire sprinkler system market size?
Answer: The global fire sprinkler system market is expected to reach an estimated $13.0 billion by 2030.
Q2. What is the growth forecast for fire sprinkler system market?
Answer: The global fire sprinkler system market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the fire sprinkler system market?
Answer: The major drivers for this market are increasing construction activity across a variety of industries, growing number of fire-related incidents, and rising preference for high-performance sprinkler systems with minimal water wastage.
Q4. What are the major segments for fire sprinkler system market?
Answer: The future of the fire sprinkler system market looks promising with opportunities in the residential, commercial, and industrial markets.
Q5. Who are the key fire sprinkler system market companies?
Answer: Some of the key fire sprinkler system companies are as follows:
• HD Fire Protect
• Honeywell
• Minimax
• Potter Electric Signal
• Rapidrop
• Reliable
• Tyco Fire Protection Product
Q6. Which fire sprinkler system market segment will be the largest in future?
Answer: Lucintel forecasts that wet-pipe is expected to witness the highest growth over the forecast period due to its widespread use in variety of industries and building types as they are highly cost-effective and dependable.
Q7. In fire sprinkler system market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to existence of stringent government regulation towards building safety, rising preference for smart homes, and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the fire sprinkler system market by component (product and service), product (wet-pipe sprinkler system, dry-pipe sprinkler system, pre-action sprinkler system, and deluge sprinkler system), end use (residential, commercial, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Fire Sprinkler System Market, Fire Sprinkler System Market Size, Fire Sprinkler System Market Growth, Fire Sprinkler System Market Analysis, Fire Sprinkler System Market Report, Fire Sprinkler System Market Share, Fire Sprinkler System Market Trends, Fire Sprinkler System Market Forecast, Fire Sprinkler System Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Fire Sprinkler System Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Fire Sprinkler System Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Fire Sprinkler System Market by Component
3.3.1: Product
3.3.2: Service
3.4: Global Fire Sprinkler System Market by Product
3.4.1: Wet-Pipe Sprinkler System
3.4.2: Dry-Pipe Sprinkler System
3.4.3: Pre-Action Sprinkler System
3.4.4: Deluge Sprinkler System
3.5: Global Fire Sprinkler System Market by End Use
3.5.1: Residential
3.5.2: Commercial
3.5.3: Industrial
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Fire Sprinkler System Market by Region
4.2: North American Fire Sprinkler System Market
4.2.1: North American Fire Sprinkler System Market by Product: Wet-Pipe Sprinkler System, Dry-Pipe Sprinkler System, Pre-Action Sprinkler System, and Deluge Sprinkler System
4.2.2: North American Fire Sprinkler System Market by End Use: Residential, Commercial, and Industrial
4.3: European Fire Sprinkler System Market
4.3.1: European Fire Sprinkler System Market by Product: Wet-Pipe Sprinkler System, Dry-Pipe Sprinkler System, Pre-Action Sprinkler System, and Deluge Sprinkler System
4.3.2: European Fire Sprinkler System Market by End Use: Residential, Commercial, and Industrial
4.4: APAC Fire Sprinkler System Market
4.4.1: APAC Fire Sprinkler System Market by Product: Wet-Pipe Sprinkler System, Dry-Pipe Sprinkler System, Pre-Action Sprinkler System, and Deluge Sprinkler System
4.4.2: APAC Fire Sprinkler System Market by End Use: Residential, Commercial, and Industrial
4.5: ROW Fire Sprinkler System Market
4.5.1: ROW Fire Sprinkler System Market by Product: Wet-Pipe Sprinkler System, Dry-Pipe Sprinkler System, Pre-Action Sprinkler System, and Deluge Sprinkler System
4.5.2: ROW Fire Sprinkler System Market by End Use: Residential, Commercial, and Industrial
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Fire Sprinkler System Market by Component
6.1.2: Growth Opportunities for the Global Fire Sprinkler System Market by Product
6.1.3: Growth Opportunities for the Global Fire Sprinkler System Market by End Use
6.1.4: Growth Opportunities for the Global Fire Sprinkler System Market by Region
6.2: Emerging Trends in the Global Fire Sprinkler System Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Fire Sprinkler System Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Fire Sprinkler System Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: HD Fire Protect
7.2: Honeywell
7.3: Minimax
7.4: Potter Electric Signal
7.5: Rapidrop
7.6: Reliable
7.7: Tyco Fire Protection Product
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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