Global Market Research: Fire Sprinkler Systems Market SIZE

Showing posts with label Fire Sprinkler Systems Market SIZE. Show all posts

Fire Sprinkler Systems Market by Product, End-user, and Geography - Forecast and Analysis 2020-2024

Fire Sprinkler Systems Marketv will register a CAGR of % during 2020-2024. The market’s growth momentum will Accelerate.

decline in insurance expenditure will be one of the major factors driving the growth of this market. Additionally, key Fire Sprinkler Systems Market trends such as the automation of fire safety systems will also influence market growth during the forecast period.

Fire Sprinkler Systems Market Size

Get a FREE sample for more insights on the growth and the market share of various regions

During the forecast period, the Fire Sprinkler Systems Market size will grow by USD 2.97 bn.

Fire Sprinkler Systems Market : Vendors

The market is fragmented and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Fire Sprinkler Systems Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the will also challenge the growth of the companies.

are some of the companies covered in Technavio’s Fire Sprinkler Systems Market report for 2020-2024.

Fire Sprinkler Systems Market : Region-level Analysis

The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Fire Sprinkler Systems Market.

The North America will account for the largest Fire Sprinkler Systems Market share and during 2020-2024, the region will contribute to 31% of the market’s growth.

Our Custom Research Solutions can provide tailored Fire Sprinkler Systems Market information to meet your specific requirements.

Fire Sprinkler Systems Market by Product, End-user, and Geography - Forecast and Analysis 2020-2024

Fire Sprinkler Systems Market will register a CAGR of % during 2020-2024. The market’s growth momentum will Accelerate.

Fire Sprinkler Systems Market Size

Get a FREE sample for more insights on the growth and the market share of various regions

During the forecast period, the Fire Sprinkler Systems Market size will grow by USD 2.97 bn.

Fire Sprinkler Systems Market : Vendors

are some of the companies covered in Technavio’s Fire Sprinkler Systems Market report for 2020-2024.

Fire Sprinkler Systems Market : Region-level Analysis

The North America will account for the largest Fire Sprinkler Systems Market share and during 2020-2024, the region will contribute to 31% of the market’s growth.

Our Custom Research Solutions can provide tailored Fire Sprinkler Systems Market information to meet your specific requirements.

Automatic Fire Sprinkler Systems Market in the US 2018-2022 | Industry Analysis and Forecast

The automatic fire sprinkler systems market in the US by Technavio predicts the market to post a CAGR of around 7% during the period 2018-2022.

A key driver for the automatic fire sprinkler systems market in the US is the increasing awareness about the benefits of installing an automatic fire sprinkler system. In 2016, around 3390 people died in 1,342,000 reported cases of fire in the US, according to NFPA. The structure fires accounted for over 35% of the incidents and caused 87% of the deaths. The property damage was also high in case of structure fires. The residential fires caused around 80% deaths in the US in 2016. Hence, many commercial and industrial buildings in the US have installed automatic fire sprinkler systems.

This research report on the automatic fire sprinkler systems market in the US also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the introduction of automatic fire sprinkler systems activated by thermal radiation as one of the key trends in the automatic fire sprinkler systems market in the US:

Automatic fire sprinkler systems market in the US: Introduction of automatic fire sprinkler systems activated by thermal radiation

Traditionally, the fire sprinkler systems were installed on ceilings. These sprinklers get activated when the sprinkler head reaches the activation temperature. The fire sprinklers do not get activated in some cases despite the presence of fire as the heat from the fire does not reach the sprinkler head due to the height of the ceiling. This has resulted in the vendors developing a new type of automatic sprinkler system that gets activated by thermal radiation.

“The intensity of thermal radiation required to activate such automatic sprinkler systems does not get impacted by the height of the ceiling or the air movement pattern. They are useful in open storage facilities or high-ceiling buildings. The rising commercialization of this technology will drive the growth of the automatic fire sprinkler systems market in the US,” says a senior research analyst at Technavio.

Automatic fire sprinkler systems market in the US: Segmentation analysis

This report on the automatic fire sprinkler systems market in the US segments the market by application (commercial, residential, and industrial), product (wet pipe systems, dry pipe systems, deluge, pre-action, and services), and geography (the Americas, APAC, and EMEA).

The wet pipe systems segment held the largest automatic fire sprinkler systems market share in 2017, accounting for around 44% of the market. This product segment is expected to dominate the market throughout the forecast period.

The commercial segment led the market in 2017 with more than 50% of the market share, followed by residential and industrial segment respectively. The commercial segment is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market? Request a free sample report