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Detailed examination of the automatic fire sprinklers market to reach CAGR of x.x% by 2023

Detailed examination of the automatic fire sprinklers market to reach CAGR of x.x% by 2023

Automatic Fire Sprinklers Market By Product Type (Wet, Dry, Deluge And Preaction), Industry Vertical (Residential, Commercial, Oil, Gas And Mining, Industrial And Manufacturing, Energy And Power, Transport & Logistics And Others) And Geography

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Automatic fire sprinklers systems are used in various commercial and residential applications for protecting the areas from catching fire. A frangible bulb is attached on the sprinkler head, which is filled with a liquid that releases water once the environment is heated.

Automatic fire sprinklers detect the heat in advance, initiate alarm, and spray water finely into area, which is prone to fire. The water is released by the sprinklers as it is able to cool down and suppress the fire.

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Moreover, it is a very economic and efficient way of fire suspension.

Protection of life and property, reduction in risk of damage, and increase in investments across organizations in safeguarding the infrastructure majorly drive the automatic fire sprinklers systems market. Moreover, various government initiatives help support the growth of the market.

However, high installation cost and the cost invested for maintenance of fire sprinklers hampers the automatic fire sprinkler systems market growth. Innovations in technology and increase in trend of automation are expected to provide lucrative opportunities for the automatic fire sprinkler systems market.

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The automatic fire sprinklers systems market is segmented on the basis of product type, components, applications, and geography. On the basis of product type, the automatic fire sprinkler systems market is divided into wet, dry, preaction, and deluge.

On the basis of industry vertical, it is categorized into commercial, residential, energy and power, industrial & manufacturing, oil, gas and mining, transportation & logistics, and others. By geography, the automatic fire sprinkler system market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the automatic fire sprinkler systems market includes APi Group, Cosco Fire Protection, Tyco International, Adams Fire Protection, Heiser Logistics, Vfp Fire Systems, American Fire Technologies, Viking Group Inc., Kaufman Fire Protection Systems, Inc., and Grundfos.

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POTENTIAL BENEFITS FOR STAKEHOLDERS:

  • Porters Five Force’s model helps analyze the potential of buyers & suppliers, and the competitive sketch of the market, which is expected to guide the market players develop strategies accordingly.
  • It outlines the current trends and future scenario of the automatic fire sprinklers systems market from 2017 to 2023 to understand the prevailing opportunities and the investment pockets.
  • This report provides an in-depth analysis of the automatic fire sprinklers systems market to identify the potential investment pockets.
  • The key drivers, restrains, and opportunities are provided in the report.

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