Industrial, Manufacturing & Heavy Industry Market News

Global fire sprinkler market to reach $16.24 billion by 2022 according to new research report

According to Stratistics MRC, the Global Fire Sprinkler market is accounted for $8.19 billion in 2015 and is expected to reach $16.24 billion by 2022 growing at a CAGR of 10.2% from 2015 to 2022. Factors such as implementation of Health Safety and Environment (HSE) operations, automation in commercial buildings and growing environmental concerns will drive the market growth.

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However, the high cost of retrofitting fire sprinklers, high installation cost of wet pipe systems and the lack of cohesion in system interfaces are restraining the market growth. Further, government regulations and awareness regarding fire sprinklers application will provide ample opportunity for the market to grow.

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Browse the report: www.orbisresearch.com/reports/inde…outlook-2016-2022

The wet pipe fire sprinklers segment is anticipated to witness largest share of the market during the forecast period. North America commanded the largest market share followed by Europe.

Asia Pacific is projected to grow at the highest CAGR during the forecast period due to expansion of the construction and real estate sectors.

Some of the key players in global Fire Sprinkler market are API Group Inc., Johnson Controls Inc., Robert Bosch GmbH, Century Fire Sprinklers, Cosco Fire Protection, DIBOCO Fire Sprinklers, Globe Fire Sprinklers, Prairie Fire Sprinklers, REDA Fire & Safety, Koorsen Fire and Security, Siemens AG, Honeywell International, Inc., Rollins Fire Sprinklers, Hochiki Corporation, Minimax GmbH & Co KG,VTMAK, Tyco International, United Technologies, Plimsoll Fire Sprinkler Systems and Wayne Automatic Fire Sprinklers.

Applications Covered:
Industrial
Manufacturing
Mining
Energy and Power
Transportation and Logistics
Oil and Gas
Residential
Commercial
Hospitality
Banking, Financial Services, and Insurance (BFSI)
Consumer Goods and Retail
Academia and Institutional
Healthcare
Other Applications

Report: www.orbisresearch.com/contacts/request-sample/228482

Products Covered:
Wet Sprinkler System
Deluge Sprinkler System
Dry Sprinkler System
Pre-Action Sprinkler System
Other Products

Services Covered:
Installation and Design
Inspection
Management
Engineering Services

Technologies Covered:
Active Fire Protection (AFP)
Passive Fire Protection (PFP)

Components Covered:
Alarm Valve
Fire Sprinkler Head
Stop Valve
Motorized Alarm Bell
Alarm Test Valve

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

 

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