Automatic Fire Sprinkler Market: Global Industry Analysis and Forecast (2023-2029)

Automatic Fire Sprinkler Market size was valued at US$ 1.06 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 11.4% through 2023 to 2029, reaching nearly US$ 2.25 Bn.
Automatic Fire Sprinkler Market Overview:
The Automatic Fire Sprinkler Market is expected to reach US$ 2.25 Bn. by 2029. An automatic sprinkler system is a set of pipework and sprinklers designed to activate automatically when a fire occurs, discharging water onto the fire. When the air temperature reaches or exceeds the device's temperature rating, the sprinkler activates automatically. When this occurs, the sprinkler sprays water over a predetermined location. Wet, Dry, Preaction, and Deluge are the types of the Automatic Fire Sprinkler.To know about the Research Methodology :- Request Free Sample Report
Automatic Fire Sprinkler Market Dynamics:
Protection of life and property, a decrease in risk of damage, growth in investments across organizations related to fire safety, and increased knowledge regarding life safety are all factors that are expected to drive the growth of the global automatic fire sprinklers market. The installation of automatic fire sprinklers is significantly assisted by these factors.

Increased Life Safety Investments across Organizations

To reduce the damage caused by fire, automatic fire sprinklers are placed in various commercial buildings such as offices, factories, hotels, schools, and hospitals. As a result, businesses spend a significant amount of money on fire protection and the installation of various sprinklers, which provide a safer working environment. Furthermore, because fire sprinklers are tax-deductible, they constitute an investment for the company. Fire sprinklers are commonly installed in warehouses to defend against the loss of property due to fire.

Life and protection of property

According to the National Fire Protection Association (NFPA), there were 1,345,500 fires in the United States in 2015, up 3.7 percent from the previous year. Furthermore, according to FM Global and the Home Fire Sprinkler Coalition, installing automated fire sprinklers reduces greenhouse gas emissions from burning structures by 98 percent while also reducing fire damage by 97 percent. Automatic fire sprinklers help to protect both people and the environment by lowering the amount of water used to smother or extinguish a fire by up to 90%.

Risk of Damage Reduction

Installing automated fire sprinklers can assist prevent fires from spreading and causing damage to people and property. Automatic fire sprinklers consume less water while providing optimal fire protection, helping to protect the environment.

Retrofitting Automatic Fire Sprinklers in Existing Buildings has a High Initial Cost

Installing a basic automatic fire sprinkler system in a new building costs roughly $12 per square foot, however, retrofitting an existing structure with a new fire sprinkler system might cost as much as $10 per square foot if the building has severe design regulations.

The public's awareness of fire safety is growing

NFPA's Learn Not to Burn and Risk Watch are just two examples of government projects aimed at raising public knowledge about fire safety. All of these factors are expected to make the automatic fire sprinkler market very profitable.
Automatic Fire Sprinkler Market Segment Analysis:
Based on the Type, the market is segmented into Wet, Dry, Preaction, and Deluge. The Wet Automatic Fire Sprinkler segment is expected to hold the largest market share of xx% by 2029. The most popular type of fire sprinkler is a wet pipe system. This is the typical fire sprinkler, in which the sprinkler pipes are loaded with pressurized water that will discharge instantly if a fire arises. The following are some of the benefits of using a wet pipe fire sprinkler system: System simplicity and dependability - Wet pipe sprinkler systems have the fewest components and, as a result, the fewest components to break.

The Dry Automatic Fire Sprinkler segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The most significant benefit of Dry Pipe Fire Sprinkler Systems is the absence of stagnant water in the pipes. Because it cannot freeze and rupture a pipe, this technique is ideal for usage in colder areas.

Installing a dry pipe fire suppression system in an attic space, for example, avoids the need to insulate and heat the protected area. Unoccupied sections in many business buildings that contain combustible construction materials require sprinkler protection.

Where freezing is a possibility, dry pipe sprinkler systems provide automated sprinkler protection. Unheated warehouses and attics externally exposed loading docks, and commercial freezers are examples of these conditions.

The cost of installing and maintaining a dry pipe sprinkler system increases as the system becomes more complicated. To prevent corrosion, copper or stainless steel pipes can be provided, and dry nitrogen gas can be utilized to pressurize the system instead of air. Nitrogen generators can also be utilized as a long-term nitrogen source.

Based on the Industry Vertical, the market is segmented into Commercial, Residential, Energy and Power, Industrial & Manufacturing, Oil, Gas, and Mining, Transportation & Logistics, and Others. The commercial industry vertical segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to emerging countries' increasing investments in the development of institutional buildings, manufacturing enterprises, and public infrastructure. Furthermore, the growth of the Automatic Fire Sprinkler market in this end-user segment is expected to be driven by the construction of office spaces, shopping malls, airports, parking spaces, and airport capacity development projects.
Automatic Fire Sprinkler Market Regional Insights:
North American region is expected to dominate the Automatic Fire Sprinkler Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. The United States has the largest market in the world, accounting for more than a third of the global market. The automatic fire sprinklers market is expected to be driven by an increase in the number of fire-related deaths and property losses in the North American region. These are the factors that are expected to drive the growth of the North American region in the Automatic Fire Sprinkler Market during the forecast period 2023-2029.

The Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. The Asia Pacific automatic fire sprinklers market is expected to be driven by developing countries such as India and China. Multinational corporations that have begun operations in developing countries such as India and China may seek a more robust fire safety system. This may increase demand for automatic fire sprinkler systems even more in the Asia Pacific region during the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Automatic Fire Sprinkler Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Automatic Fire Sprinkler Market dynamic, and structure by analyzing the market segments and projecting the Global Automatic Fire Sprinkler Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Automatic Fire Sprinkler Market make the report investor’s guide.
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Automatic Fire Sprinkler Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.06 Bn.


Forecast Period 2023 to 2029 CAGR:
11.4%
Market Size in 2029:
US $ 2.25 Bn.


 Segments Covered:
by Type
• Wet
• Dry
• Preaction
• Deluge


by Industry Vertical
• Commercial
• Residential
• Energy and Power
• Industrial & Manufacturing
• Oil, Gas, and Mining
• Transportation & Logistics
• Others



Automatic Fire Sprinkler 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)
Automatic Fire Sprinkler Market Key Players
• 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.
• Cosco Fire Protection
• API Group
• Tyco International
• Adams Fire Protection
• Heisar
• VFP Fire Systems
• American Fire Technologies
• Viking Group Inc.
• Kaufman Fire Protection Systems, Inc.
• Grundfos

Frequently Asked Questions:

1. Which region has the largest share in Global Automatic Fire Sprinkler Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Automatic Fire Sprinkler Market?
Ans: The Global Automatic Fire Sprinkler Market is growing at a CAGR of 11.4% during forecasting period 2023-2029.

3. What is scope of the Global Automatic Fire Sprinkler Market report?
Ans: Global Automatic Fire Sprinkler Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Automatic Fire Sprinkler Market?
Ans: The important key players in the Global Automatic Fire Sprinkler Market are – Semco Maritime A/S, Consilium AB, Marioff Corporation, Johnson Controls, Knowsley SK Ltd., Space Age Electronics Inc., Robert Bosch GmbH, Halma PLC, Gentex Corporation., Cosco Fire Protection, API Group, Tyco International, Adams Fire Protection, Heisar, VFP Fire Systems, American Fire Technologies, Viking Group Inc., Kaufman Fire Protection Systems, Inc., Grundfos,

5. What is the study period of this Market?
Ans: The Global Automatic Fire Sprinkler Market is studied from 2022 to 2029.