The growing usage of mist sprinkler systems is likely to drive the market for automatic fire sprinkler systems market.
Arizton’s recent market research report on the automatic fire sprinkler market provides a comprehensive industry study, competitive analysis, and trend forecasts. The research study segments the market into product types (wet sprinklers, dry sprinklers, deluge sprinklers, pre-action sprinklers, and others), end-users (commercial, industrial, residential, educational institutions, and government), technology (non-smart and smart), and geography (APAC, Europe, North America, Latin America, and MEA).
The global automatic fire sprinkler systems market is likely to reach values of around $15 billion by 2024, growing at a CAGR of more than 9% during 2018–2024.
Plumis’ Automist Smartscan is a smart sprinkler system for the residential sector. It houses a mobile infrared sensor that continuously scans the room to identify the hottest point, and then a slit in the unit releases a mist on the detection of fire. The use of mist is very effective in suppressing fire; the system also consumes less water than a traditional sprinkler system.
The leading three drivers and trends driving the automatic fire sprinkler market are discussed below:
Rising Growth of Home Automation
The increasing need for convenience, the penetration of IoT, and strong growth of mobile network infrastructure has fueled the adoption of home automation systems. In 2018, more than 46 million smart home devices were installed in the US. This has enabled manufacturers to offer new and improved smart home technologies that are interconnected and easy to control. Vendors are also investing in R&D activities to make connected devices smarter by offering Artificial Intelligence (AI) integration in the form of smart digital assistants. In 2018, Amazon acquired Ring, which is a known connected doorbells and cameras manufacturer. Rapid advancements in AI technologies are likely to dominate market growth of automatic fire sprinkler systems in the next 3−5 years.
Increasing Deaths due to Fire Accidents
According to the WHO, burns are a global public health challenge, accounting for more than 180,000 deaths annually. A majority of these accidents occur in low- and middle-income countries as they lack awareness and low usage of fire safety equipment such as smoke detectors, fire alarms, sprinklers, and fire management systems. The rapid industrialization has put more pressure on industries to adopt fire safety equipment. The growth of the commercial realty sector is also increasing the demand for fire safety equipment. However, the move toward digitization, the increase in fire safety awareness, and the introduction of stringent fire safety regulations are likely to have a positive effect on the global automatic fire sprinkler systems market during the forecast period.
Growing Usage of Mist Fire Sprinkler Systems
Wet pipe automatic sprinklers are the most popular fire protection systems. However, mist sprinkler systems are seen as the successor of water-based sprinklers. The installation of mist sprinklers in the US is governed by NFPA 750 that was created in 1996. The NFPA 750 indicates that the objective of these systems is to control fire through the reduction in thermal exposure, i.e., to suppress fire by decreasing the heat release rate. Mist sprinkler systems not only suppresses the fire but also reduces structural damages caused by water. The water damage is so low that these systems are widely adopted in industries dealing with high-value items. The zoned application is a new design of the mist system that has several distinct suppression zones. It is preferred in places with special hazards or high-value items. The growing usage of mist sprinkler systems is likely to drive the market for automatic fire sprinkler systems market.
Johnson Controls, Honeywell International, Siemens, and United Technologies are the major players in the automatic fire sprinkler market.
The complete overview of the latest market research report on the global automatic fire sprinkler systems market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
+1 302 469 0707
Apr 15, 2021
Incorporation of IoT is Significantly Developing the U.S. HVAC Services Market
In 2020, Carrier announced increasing R&D spending to USD 50 million in order to drive sustained...
Apr 15, 2021
Is Online Distribution Channel Dominating the BGM Consumables Market?
The online segment is dominating the BGM consumables market share by distribution channels....
Apr 10, 2021
Is Cloud-Based Application Witnessing High Demand in the Global LIMS Market?
The cloud-based segment occupied over 44% of the global LIMS market share in 2020....