Fire Sprinkler System Market - Global Outlook & Forecast 2021-2026

FIRE SPRINKLER SYSTEM MARKET OVERVIEW

The global fire sprinkler market size was valued at USD 10.96 billion in 2020 and is expected to reach USD 18.17 billion by 2026, growing at a CAGR of 8.79%. The protection of life and property, prevention of loss or damage due to fire, and increasing investment of companies to safeguard the infrastructure and resources in different applications are the factors determining the growth of the fire sprinklers systems market during the forecast period. The economy worldwide is recovering slowly, and organizations are recovering and restarting after COVID-19; this will fuel the demand in the global fire sprinkler market.

KEY HIGHLIGHTS  

• Fire sprinklers are extensively used across the world, with over 40 million sprinkler heads fitted each year. Fire sprinklers are used in several applications for safety and precaution.
• In 2020, the industrial segment accounted for a 35.33% share of the fire protection system market in terms of revenue and was expected to witness an absolute growth of 67.75% in terms of revenue
• Geographically, the North American region is the largest market for fire sprinklers and accounts for a 35.87% share.
• Latin America and the Middle East are high-potential markets with enough opportunity for growth. 
• Johnson Controls introduced OpenBlue in 2020, a comprehensive set of connected solutions and services that combines the company's 135 years of building experience with leading-edge technology. 
• Stringent norms imposed by the government for the installation of fire sprinklers in public and private establishments has spur the growth of the global industrial fire sprinklers market

FIRE SPRINKLER SYSTEM MARKET SEGMENTATION

This research report includes a detailed segmentation by-

• Product Type
• Components
• Piping Material
• Sprinkler Head
• Application
• Technology
• Geography

FIRE SPRINKLER SYSTEM MARKET SEGMENTS

• The wet fire sprinkler system market held the highest share of 49.76%. The trend impacting the wet fire sprinkler industry is countries across the globe that are taking up initiatives for fire sprinklers installation in newly constructed buildings. It can also be attributed to the rising trend of Hi-Fog technology.
• The global steel pipe market was valued at USD 3.54 billion in 2020 and is expected to reach USD 5.62 billion by 2026. A steel pipe has long been the backbone of piping materials for sprinkler piping systems. Steel is strong, durable, and resistant to fire which is why it is highest in demand by piping material type. 
• The global pendant sprinkler head industry is expected to reach USD 0.98 billion by 2026, growing at a CAGR of 7.76% during the forecast period. These sprinkler heads are suitable for use in protecting a variety of buildings, from industrial buildings to daycares. 
• The active fire protection segment dominated the market by technology and accounted for a revenue share of 74.30% in 2020, and is expected to witness an absolute growth of 63.43% in terms of revenue by the end of 2026. Active fire protection (AFP) is an essential part of fire protection. AFP is considered by items, which require a certain amount of motion or action and response in order to work, contrary to passive fire protection.  

GEOGRAPHICAL ANALYSIS

• North America: The growing demand for smart buildings and smart homes that provide optimal safety and protection is expected to drive the development of fire sprinklers systems in the region. Due to technological progress and product innovation, the sprinkler system industry in the US has developed strongly.
• Europe: The automatic fire sprinkler system industry in Europe accounts for 27.56% of the global market share.  The main driving force of the European fire extinguishing sprinkler industry is the increasing loss of life and property caused by fires. With increased awareness of fire safety and an increase in the number of fire repair projects, the aging infrastructure in the area has also created a demand for sprinklers. 
• APAC: The demand for the fire suppression system market has increased with the technological and economic advancements as well as the uniform building codes laid down by NFPA. APAC accommodates the countries such as China, Japan, and South Korea. Here, the demand for fire protection systems and their related services such as installation, maintenance, repair, and inspection has paved the way for the growth of the fire protection industry. India fire sprinkler industry is driven by the increasing construction of smart homes, population growth, and rapid urbanization in the residential and commercial sectors.   

VENDOR ANALYSIS

• The key companies in the global fire sprinklers system industry are Johnson Controls, Honeywell International, APi GROUP, GW Sprinkler A/S, and Valvitalia SpA. 
• Many international players are expected to expand their business worldwide during the forecast period, especially in the fast-developing countries of the APAC region and Latin America, to enhance their market share.
• Product launches, acquisitions, and partnerships are the prime growth strategies adopted by market players to strengthen their foothold in the market.
• In 2020, Reliable Automatic Sprinklers introduced the Model FX Dry Pipe Valve. The Model FX Dry Pipe Valve is an externally resettable differential type valve that controls water flow to a sprinkler system when temperatures are under 40°F (4°C).

The global fire sprinkler system market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

• Product Type
  • Wet Pipe Fire Sprinkler System
  • Dry Pipe Fire Sprinkler Systems
  • Deluge Fire Sprinkler Systems
  • Pre-Action Fire Sprinkler Systems
  • Others
• Components
  • Piping Materials
  • Sprinkler Heads
  • Pressure Switch
  • Flow Switch
  • Jacking Pump
  • Stop Valve
  • Alarm Valve
  • Alarm Test Valve
  • Motorized Bell
  • Pressure Gauge
• Piping Material
  • Steel Pipes
  • Copper Tubes
  • Plastic Pipes
• Sprinkler Head
  • Pendant Sprinkler Head
  • Concealed Sprinkler Head
  • Upright Sprinkler Head
  • Sidewall Sprinkler Head
• Application
  • Commercial
  • Industrial
  • Residential
• Technology
  • Active Fire Protection
  • Passive Fire Protection
• Geography
  • North America
    • US
    • Canada
  • Europe
    • UK
    • France
    • Italy
    • Spain
    • Germany
  • APAC
    • China
    • India
    • Australia
    • South Korea
    • Japan
  • Middle East & Africa
    • UAE
    • South Africa
    • Saudi Arabia
  • Latin America
    • Brazil
    • Chile
    • Mexico