Fire Protection Valves and Fittings Market : Global Industry Analysis and Forecast 2023-2029

Fire Protection Valves & Fittings Market was valued at US$ 694.66 Bn in 2022 and is expected to reach US$ 1160.01 Bn by 2029, at a CAGR of 7.6% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report

Based on the valve systems, the wet system valves segment is expected to hold the largest share in the market during the forecast period owing to lower maintenance and installation cost. In terms of application, the commercial segment is expected to hold the largest share in the market owing to increasing investment in the establishment of SME's and increased construction of new hotels, hospitals, and growing infrastructural development in the developing countries. On the basis of fitting types, the malleable iron fitting type is expected to hold the largest share in the market during the forecast period due to its rapid scope of installation in hospitality, retail and commercial sectors.

The major driving factors of the market are strict monitoring and regulation by several various government bodies and increasing demand for fire protection valves & fittings in residential and commercial sectors as well as oil and gas facilities to large industrial enterprises. In addition, a growing number of fire incidents in various countries is also fuelling the demand for valves and fittings globally.

Moreover, rapid investment in transportation infrastructure development, increase in deaths and loss of property due to fire breakouts, growing demand for wireless technologies for fire detection, and technological advancements in the construction industry, and a rising population are also boosting the demand for fire protection valves & fittings across globally.

In terms of region, North America is expected to hold the largest share in the market during the forecast period owing to rising consumer awareness regarding safety, significant infrastructure developments, increasing technological advancements, huge population growth rate, and strict government regulations in this region. Asia Pacific is expected to generate the highest CAGR during the forecast period as increasing GDP and growing industrialization in developing countries of this region.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.

The key market players studied, analyzed, profiled, and benchmarked in Fire Protection Valves & Fittings Market are Globe Fire Sprinkler Corporation, HD Fire Protect Pvt. Ltd., Incledon (Pty) Ltd., Jinan Meide Casting Co. Ltd., Minimax Viking GmbH, NIBCO Inc., Raphael Valves Industries Ltd, Rapidrop Global Ltd., Reliable Automatic Sprinkler Co., Inc., Tyco Fire Products L.P., Anvil International LLC, AVK International A/S, Brigit Systems (Pty) Ltd., and Cla-Val Co.
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Fire Protection Valves & Fittings Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 694.66 Bn.


Forecast Period 2023 to 2029 CAGR:
7.6%
Market Size in 2029:
US $ 1160.01 Bn.


 Segments Covered:
by Product Type
Wet System Valves
Dry System Valves
Deluge & Pre-Action System Valves
General Purpose Valves (Pressure Regulating Valve
Butterfly Valve
Trim
Fail Safe
Check Valve


by Fitting Type
Grooved Fittings & Coupling
Mechanical T & Cross
Pipe Hanger & Clamps
Grooved Flange
Malleable Iron & Fittings


by Application
Residential
Commercial
Industrial
Others



Fire Protection Valves & Fittings Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Globe Fire Sprinkler Corporation
2. HD Fire Protect Pvt. Ltd.
3. Incledon (Pty) Ltd.
4. Jinan Meide Casting Co. Ltd.
5. Minimax Viking GmbH
6. NIBCO Inc.
7. Raphael Valves Industries Ltd
8. Rapidrop Global Ltd.
9. Reliable Automatic Sprinkler Co., Inc.
10.Tyco Fire Products L.P.
11.Titus Industrial
12.Anvil International LLC
13.AVK International A/S
14.Brigit Systems (Pty) Ltd.
15.Cla-Val Co.

Frequently Asked questions

1. What is the market size of the Global Fire Protection Valves & Fittings Market in 2022?
Ans. The market size Global Fire Protection Valves & Fittings Market in 2022 was US$ 694.66 Billion.

2. What are the different segments of the Global Fire Protection Valves & Fittings Market ?
Ans. The Global Fire Protection Valves & Fittings Market is divided into  Product Type ,Application and Fitting Types.

3. What is the study period of this market?
Ans. The Global Fire Protection Valves & Fittings Market will be studied from 2022 to 2029.

4. Which region is expected to hold the highest Global Fire Protection Valves & Fittings Market share?
Ans. The Asia Pacific dominates the market share in the market.

5. What is the Forecast Period of Global Fire Protection Valves & Fittings Market ?
Ans. The Forecast Period of the market is 2023-2029 in the market.