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Fire Sprinkler Market Size Is Projected To Reach Usd 22.26 Billion By 2030, Growing At A Cagr Of 7.49%: Straits Research
| report metric | details |
| market size by 2030 | usd 22.26 billion |
| market size in 2021 | usd 12.49 billion |
| cagr | 7.49% |
| historical data | 2019-2020 |
| base year | 2021 |
| forecast period | 2022-2030 |
| forecast units | value (usd billion) |
| report coverage | revenue forecast, competitive landscape, growth factors, and trends |
| segments covered | by type, by component, by technology, by application |
| geographies covered | north america, europe, asia-pacific, lame and rest of the world |
| key companies profiled/vendors | ag fire sprinkler, american fire technology, api group, gw sprinkler a/s, honeywell international inc, johnson controls international, minimax gmbh &co. kg, robert bosch gmbh, siemens ag, siron fire protection, and reliable automatic sprinkler co., inc. |
| market restraint | fluctuation in the cost of raw materials |
| key market drivers |
|
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regional insights
north america commands the market, growing at a cagr of 5.68% during the forecast period. the installation of fire sprinkler systems in the manufacturing, textile, chemical, oil & gas, and other industries falls under the industrial category. due to the nature of the industrial procedures used in industries, fire risks are a significant concern. for instance, the production of oil and gas involves the usage of highly combustible materials. as fire safety and security awareness rise due to increased fire accidents, the market for fire sprinklers is predicted to grow. governments have also set stringent fire safety regulations to install fire sprinkler systems across north america. additionally, it is projected that rising government investment in commercial construction will fuel the growth of the fire sprinkler industry. these circumstances are anticipated to support the local fire sprinkler market's expansion during the forecasted period.
europe is the second largest market and is expected to growing at a cagr of 7.19%. the european fire sprinkler market comprises the united kingdom, germany, france, spain, sweden, russia, and the rest of europe. germany holds the most market share. fire safety is a top priority in europe for residential and non-residential buildings. for instance, fire safe europe, a european organization for fire safety in buildings (fseu), determined that at least 5,000 fire events occur daily in europe. these fire calamities are estimated to have cost 1% of the european gdp. the market for fire sprinklers is also expected to benefit from growing government spending on the construction of commercial and industrial buildings over the projected period.
china, india, and japan make up asia-pacific. due to an increase in fire incidents in residential and commercial settings across asia-pacific, particularly in china and india, concern over fire safety has risen. for instance, china recorded 192,000 fire incidences in 2018, resulting in 38,000 injuries and 500 civilian fatalities. these tragedies seriously question the requirement for china to implement efficient fire safety measures. additionally, the chinese government released its "made in china 2025" strategy in 2015, laying out its objective to raise industrial production from the electronics sector to usd 305 billion by 2030. these measures are expected to encourage the growth of the fire sprinkler industry.
key highlights
- the global fire sprinkler market size is expected to reach usd 22,263 million by 2030, growing at a cagr of 7.49% during the forecast period (2022–2030). type-wise , the global fire sprinkler market includes products and services. the product segment dominates the market and is expected to grow at a cagr of 6.42% during the forecast period. component-wise , the global fire sprinkler market includes stop valve, alarm valve, fire sprinkler head, alarm test valve, and motorized alarm bell. the stop valve segment dominates the market and is expected to grow at a cagr of 8.55% during the forecast period. technology-wise , the global fire sprinkler market includes active fire protection and passive fire protection. the active fire protection segment dominates the market and is expected to grow at a cagr of 7.6% during the projected period. application-wise , the global fire sprinkler market includes residential, commercial, and industrial. the commercial segment dominates the market and is expected to grow at a cagr of 8.53% during the forecast period.
the major players in the fire sprinkler market are
ag fire sprinkler american fire technology api group gw sprinkler a/s honeywell international inc johnson controls international minimax gmbh &co. kg robert bosch gmbh siemens ag siron fire protection reliable automatic sprinkler co., inc.
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global fire sprinkler market segmentation
by type
- products services
by component
- stop valve alarm valve fire sprinkler head alarm test valve motorized alarm bell
by technology
- active fire protection passive fire protection
by application
- residential commercial industrial
by regions
- north america europe asia-pacific lamea
table of content
executive summary research scope & segmentation research objectives market definition limitations & assumptions market scope & segmentation currency & pricing considered market opportunity assessment emerging regions / countries emerging companies emerging applications / end use investment landscape new business models / revenue streams tam market trends drivers market warning factors latest macro economic indicators geopolitical impact human factors technology factors market assessment porters five forces analysis value chain analysis raw material analysis sales and distribution channel analysis trade analysis average pricing analysis case study analysis patent analysis m & a agreements & collabration analysis esg trends global fire sprinkler market size analysis global fire sprinkler market introduction by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value north america market analysis introduction by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value u.s. by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value canada europe market analysis introduction by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value u.k. by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value germany france spain italy russia nordic benelux rest of europe apac market analysis introduction by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value china by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value korea japan india australia taiwan south east asia rest of asia-pacific middle east and africa market analysis introduction by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value uae by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value turkey saudi arabia south africa egypt nigeria rest of mea latam market analysis introduction by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value brazil by type introduction type by value products by value services by value by component introduction component by value stop valve by value alarm valve by value fire sprinkler head by value alarm test valve by value motorized alarm bell by value by technology introduction technology by value active fire protection by value passive fire protection by value by application introduction application by value residential by value commercial by value industrial by value mexico argentina chile colombia rest of latam competitive assessment adoption matrix fire sprinkler market share by manufacturers fire sprinkler market ranking by revenue for manufacturers average price by manufacturers vendor footprint analysis market players assessment ag fire sprinkler overview business information revenue asp gross margin swot analysis recent developmments american fire technology api group, gw sprinkler a/s honeywell international inc johnson controls international minimax gmbh &co. kg robert bosch gmbh siemens ag siron fire protection reliable automatic sprinkler co., inc. research methodology research data secondary data major secondary sources key data from secondary sources primary data key data from primary sources breakdown of primaries secondary and primary research key industry insights market size estimation bottom-up approach top-down approach market projection research assumptions assumptions limitations risk assessment appendix discussion guide customization options related reports disclaimer
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market news
- in march 2022, komtes group attended fire sprinkler europe in madrid with ag fire sprinkler. in march 2022, standard and custom printed cover plates for use with flat plate residential, commercial, and specialty concealed sprinklers have been introduced, according to reliable automatic sprinkler co., inc. in january 2022, api group corporation announced the acquisition of the chubb fire & security division.
news media
global fire sprinkler market ascends at a healthy cagr of 7.49%
global flow meters market to grow at a cagr of 6% by 2030
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