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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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.
Energy and Power
Transportation and Logistics
Oil and Gas
Banking, Financial Services, and Insurance (BFSI)
Consumer Goods and Retail
Academia and Institutional
Wet Sprinkler System
Deluge Sprinkler System
Dry Sprinkler System
Pre-Action Sprinkler System
Installation and Design
Active Fire Protection (AFP)
Passive Fire Protection (PFP)
Fire Sprinkler Head
Motorized Alarm Bell
Alarm Test Valve
Rest of Europe
Rest of Asia Pacific
Rest of the World
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