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The fire sprinkler systems market size is estimated to grow at a CAGR of 13.77% between 2023 and 2028. The market size is forecast to increase by USD 8,461.33 million. The growth of the market depends on several factors such as a decline in insurance expenditure, increased government support with regard to fire sprinkler installation and a rise in the development of infrastructure. Our report examines historic data from 2018 to 2022, besides analyzing the current market scenario.
This report extensively covers market segmentation by product (deluge fire sprinkler systems, wet pipe fire sprinkler systems, pre-action fire sprinkler systems, and dry pipe fire sprinkler systems), end-user (commercial, industrial, and residential), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
Fire Sprinkler Systems Market Forecast 2024-2028
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Our researchers studied the data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Emerging economies, such as India and China, have witnessed a rapid increase in the urban population over the past decade. The increase in the global urban population has propelled infrastructure construction activities such as the construction of residential buildings, roads, malls, and commercial properties. Urban areas have been expanding, in terms of area and height, with the growth in the urban population. The construction of high-rise buildings is encouraging fire sprinkler system manufacturers to respond to the increasing demand from the construction sector. Fire sprinkler systems are essential devices at residential homes and buildings, restaurants, hotels and motels, and educational institutions. Even a small fire can be very hazardous to the people in these commercial spaces, owing to high footfall.
For instance, a fire accident at Delhi Coaching Institute resulted in the death of 22 students in June 2023. The government asked all the commercial spaces to strictly comply with fire safety standards after the incident. Thus, the growing number of fire incidents will drive the demand for fire sprinkler systems, which, in turn, is anticipated to drive the growth of the market in focus during the forecast period.
Conventional fire systems are now being replaced with next-generation deluge systems. A deluge is an open nozzle, which means all nozzles within the fire area are opened simultaneously. The triggering of the deluge system releases larger amounts of water, thereby making it easier to extinguish the fire. Deluge systems are increasingly being adopted in industrial facilities, owing to their effectiveness in extinguishing fires. A deluge system does not use a pipe with pressurized air. The water supply is provided through a deluge valve that opens automatically to detect smoke and heat. The detection system is installed in the same area as sprinklers.
Moreover, with the growing adoption of deluge systems, the need for wet and dry fire sprinkler systems will slowly be replaced. These deluge systems adopt open nozzles that have a large coverage area while extinguishing a fire. This will further lower the demand for fire sprinklers during the forecast period. Therefore, the adoption and incorporation of next-generation deluge systems will have a positive impact on the fire sprinkler systems market during the forecast period.
The threat of substitutes in the fire sprinkler systems market is high, mainly originating from the threat of fire suppression systems. Though the fire protection systems are similar, their working mechanisms are entirely different. The main difference between the two systems is that fire sprinkler systems use just water to douse or control the fire, whereas fire suppression systems use chemical, gaseous, or foam agents to suppress the fire. Despite their differences, the purpose of both fire sprinkler systems and fire suppression systems is to control or extinguish a fire.
Moreover, based on the type of fire hazard and code requirements, there is a fire sprinkler or fire suppression system solution to fit your facility's needs. This lack of demarcation leads to a high threat of substitutes to the global fire sprinkler systems market during the forecast period.
The market share growth by the deluge fire sprinkler systems segment will be significant during the forecast period. In deluge systems, the pipe system is empty until the deluge valve operates to dispense pressurized water from sprinklers. Due to the installation of additional parts, these systems are more complex than wet and dry pipe systems. Deluge fire sprinklers are deployed in buildings and industrial parks.
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The deluge fire sprinkler systems segment was the largest and was valued at USD 2,500.68 million in 2018. The market is witnessing an increase in demand from industries such as aviation (aircraft hangars), power plants, and chemicals (chemical storage and processing). These systems are also used for exterior protection of high-value equipment crucial to the continuity of business operations such as high-value or long-lead-time-to-replace equipment. Thus, the growing demand for such systems in the end-user segment is expected to drive the growth of the deluge system segment of the market in focus during the forecast period.
Based on end-user, the market has been segmented into commercial, industrial, and residential. The commercial segment will account for the largest share of this segment.? The commercial sector includes office setups, shopping malls, airports, and hotels. The growth of construction activities will have a positive impact on the installation of fire sprinklers during the forecast period. In addition, another factor that will contribute to the growth in demand for fire sprinklers is the growing cruise industry, owing to the increased number of people opting for cruise travel as well as increased investments in the industry. This investment is expected to grow during the forecast period. The overall growth of the commercial sector will contribute to the new and retrofit demand for fire sprinklers during the forecast period, which in turn will drive the commercial segment of the market during the forecast period.
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APAC is estimated to contribute 48% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Rising investments in the real estate sector will boost the adoption of fire sprinkler systems in APAC. The construction market is at its peak in this region; economies are in constant demand for infrastructure projects, excelling in both quality and quantity. In APAC, the major contribution to infrastructural development is anticipated to arise from India and China. The real estate industry is growing in developing countries such as China and India in APAC. Investments are driven by infrastructure development, especially in the residential sector. A large number of people are likely to shift to urban dwellings in the next decade, leading to rapid urbanization and infrastructure developments.
In addition, rapid urbanization in most APAC countries, including India, China, Australia, and Japan, has led to growth in the construction market in APAC. With the growing corporate sector in APAC, corporate and office spaces are being filled at a rapid rate in Hong Kong, Bangkok, Shanghai, Dubai, Bengaluru, Tokyo, Beijing, Singapore, and Mumbai, among other cities. The expansion of the corporate sector in the region will facilitate the sales of fire sprinklers, thereby driving the regional fire sprinkler systems market during the forecast period.
The COVID-19 pandemic had a negative impact on the growth of the regional fire sprinkler systems market in 2020. However, in 2021, due to the large-scale vaccination drives carried out by the government of several countries, various business and industrial activities resumed, such as the resumption of construction of buildings and fire protection equipment. Such steps increased the demand for fire sprinkler systems in the region. Furthermore, growing urbanization, rising awareness among consumers, and stringent fire safety government rules and regulations are expected to contribute to the growth of the fire sprinkler systems market in this region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AI Fire LLC - The company offers fire sprinkler systems such as wet sprinkler systems and dry sprinkler systems.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
AI Fire LLC, API Group Corp., Cox Fire Protection Inc., Fields Fire Protection, G.w. Sprinkler A S, Grundfos Holding AS, HD Fire Protect Pvt. Ltd., HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Kauffman Co., Midwest Automatic Fire Sprinkler Co., Minimax GmbH, NAFFCO FZCO, Pryor Automatic Fire Sprinkler Inc., Siemens AG, Siron Fire Protection, The Reliable Automatic Sprinkler Co. Inc., Victaulic Co., and SFP Holding, Inc.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The fire sprinkler systems market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Fire Sprinkler Systems Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 13.77% |
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Market Growth 2024-2028 |
USD 8,461.33 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
12.72 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 48% |
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Key countries |
US, China, India, Germany, and Russia |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AI Fire LLC, API Group Corp., Cox Fire Protection Inc., Fields Fire Protection, G.w. Sprinkler A S, Grundfos Holding AS, HD Fire Protect Pvt. Ltd., HOCHIKI Corp., Honeywell International Inc., Johnson Controls International Plc, Kauffman Co., Midwest Automatic Fire Sprinkler Co., Minimax GmbH, NAFFCO FZCO, Pryor Automatic Fire Sprinkler Inc., Siemens AG, Siron Fire Protection, The Reliable Automatic Sprinkler Co. Inc., Victaulic Co., and SFP Holding, Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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