Global Fire Sprinkler Market
Global Fire Sprinkler Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027 at a CAGR of XX % during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Increased fire protection expenditure of various enterprises and rise in fire-related deaths and loss of property, various forms of government agencies, increasing trend of automation in commercial buildings and homes in developing nations are the factors for the growth of global fire sprinkler market. Also decreased insurance expenditure is another factor that boosts the market. The high cost of retrofitting fire sprinklers in existing buildings and lack of integrity in system interfaces are hampering the growth of the fire sprinkler market. Increase in rules and mandatory standards, and increasing global awareness regarding the benefits of installing fire sprinklers provide lots of opportunities to the global fire sprinkler market.
Based on type, the wet sprinkler system segment has significant growth in the market because it is the simplest and most common type of sprinkler system installation, with relatively few components. The wet sprinkler system provides fixed fire protection using piping filled with pressurized water supplied from a dependable source at all times.
The commercial segment will account for the maximum share of the fire sprinkler systems market because of the growing investments by the developing countries in the construction of commercial spaces, institutional buildings, manufacturing plants, and public infrastructure. Furthermore, the construction of office spaces, shopping malls, airports, parking spaces, and airports and capacity expansion projects will also contribute to the growth of the fire sprinkler market in this application segment.
By geography, North America will hold the largest market share during the forecast period due to permanent encouragements by the government for the installation of new constructions and the upgradation of the active sprinkler systems by both the commercial and residential sectors.
The report gives a detailed overview of the products and segments the market as per application/ type/ regions/ services. The study evaluates the global fire sprinkler market on the basis of current and past sales, revenue, capacity, and production status. The future outlook and prospects are then derived with the help of industry experts.
Additionally, the research report also helps to understand the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by type, service, components, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the fire sprinkler market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Scope of Global Fire Sprinkler Market
Global Fire Sprinkler Market, By Type
• Wet Sprinkler System
• Pre-action Sprinkler System
• Dry Sprinkler System
• Deluge Sprinkler System
Global Fire Sprinkler Market, By Service
• Engineering Services
• Design Maintenance
• Managed Services
Global Fire Sprinkler Market, By Components
• Stop Valve
• Alarm Valve
• Fire Sprinkler
• Head Alarm Test Valve
• Motorized Alarm Bell
Global Fire Sprinkler Market, By Application
Global Fire Sprinkler Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Fire Sprinkler Market
• Honeywell International
• Johnson Controls
• Minimax GmbH & Co. KG
• API Group Inc.
• United Technologies Corporation
• Robert Bosch GmbH
• Hochiki Corporation
• VT MAK
• Siemens AG
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