Global Automatic Fire Sprinkler Market by product (wet, dry, deluge, pre-action). By End users (commercial, industrial and residential). By region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) is expected to reach US$ 1,440 Mn by 2026, at a CAGR of 11.5% during a forecast period.
Fire safety systems are being integrated with building automation systems to provide a better response during fire accidents. Driver of the market is automatic fire sprinkler market is system can reduce the fire-related deaths and loss of property. Fire control is therefore rapid and no human intervention is necessary. Sprinkler controlled fires shrink the demand for security as it minimises incursion opportunities
Wet pipe fire sprinkler systems segment is dominating the automatic fire sprinkler systems market.
A wet pipe is efficient as they ensure a continuous supply of water through connectors and they are equipped with lesser components that reduce the chances of malfunctions. Furthermore, the lower cost of maintenance will also support the growth of the fire suppression systems market in this segment.
The North America has the biggest market share for automatic fire sprinklers system during forecast period.
The North America acquires almost one third of the global market. This trend is projected to continue in the market in the near future. Due to its rising industrialization and infrastructure projects, India and China are also anticipated to experience considerable growth. Moreover, upcoming projects of oil and gas initiated in Brazil and West Africa may augment the market globally.
Key players operating on the market are, Signal Communications Corporation, Semco Maritime A/S, Consilium AB, Marioff Corporation, Johnson Controls, Knowsley SK Ltd., Space Age Electronics Inc., Robert Bosch GmbH, Halma PLC, Gentex Corporation.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global Automatic fire sprinkler market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global Automatic fire sprinkler market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global Automatic fire sprinkler market positioning of competitors.
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