The Worldwide Fire Sprinkler Systems Market is Projected to reach USD 14.5 Billion by 2030, at a CAGR of 7.9%

Fire Sprinkler Systems Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Fire Sprinkler Systems Market size is expected to reach $14.5 billion by 2030, rising at a market growth of 7.9% CAGR during the forecast period.

The Services segment is showcasing a CAGR of 8.8% during (2023 - 2030). The segment involves installing, maintaining, and inspecting fire sprinkler systems in buildings and structures. Increasing awareness about fire safety and the need for effective fire protection systems has led to a growing demand for fire sprinkler services worldwide. In several countries, fire sprinkler systems are mandated by building codes and regulations, creating a legal requirement for their installation and maintenance. In addition, insurance requirements and risk mitigation strategies play a significant role in promoting the regular maintenance and servicing of fire sprinkler systems, as they can lead to reduced insurance premiums and enhancement of the overall safety and security of the premises.

The Commercial segment is leading the Global Fire Sprinkler Systems Market by End-use in 2022 thereby, achieving a market value of $8.7 Billion by 2030. Commercial sectors encompass industries such as hospitality, retail, healthcare, manufacturing, and office spaces, and they highly rely on fire sprinklers to safeguard their valuable assets to ensure business continuity. Increasing urbanization, growing awareness of fire hazards, and stringent government regulations about smart buildings are the aspects responsible for the increase in the demand for fire sprinkler systems in the commercial sectors.

The Dry Pipe Sprinkler System segment would display a CAGR of 8.2% during (2023 - 2030). Utilizing pressurized air or nitrogen in the pipes, these systems prevent water from accumulating until a fire activates the sprinklers, ensuring the pipes do not freeze and burst. These systems are suitable in areas where water damage needs to be minimized, such as museums, data centers, or libraries, as they provide an effective means of fire suppression without the immediate release of water. This reduces potential damage to sensitive equipment, valuable assets, or irreplaceable artifacts. As a result, such factors contribute to the growth of the segment.).

The North America region dominated the Global Fire Sprinkler Systems Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.7 Billion by 2030. The Europe market is anticipated to grow at a CAGR of 7.6% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 8.6% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/fire-sprinkler-systems-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of HD Fire Protect Pvt. Ltd., Honeywell International, Inc., Minimax Fire Solutions International GmbH (Minimax Viking GmbH), Potter Electric Signal Company, LLC, Rapidrop Global Ltd., The Reliable Automatic Sprinkler Co., Inc., GW Sprinkler A/S, Victaulic, Johnson Controls International PLC, and Robert Bosch GmbH.

Global Fire Sprinkler Systems Market Segmentation

By Component

• Product
• Services

By End-Use

• Commercial
• Industrial
• Residential

By Product

• Wet Pipe Sprinkler System
• Dry Pipe Sprinkler System
• Pre-action Sprinkler System
• Deluge Sprinkler System

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• HD Fire Protect Pvt. Ltd.
• Honeywell International, Inc.
• Minimax Fire Solutions International GmbH (Minimax Viking GmbH)
• Potter Electric Signal Company, LLC
• Rapidrop Global Ltd.
• The Reliable Automatic Sprinkler Co., Inc.,
• GW Sprinkler A/S
• Victaulic
• Johnson Controls International PLC
• Robert Bosch GmbH

Related Reports:

North America Fire Sprinkler Systems Market Size, Share, 2030

• October-2023
• 104 Pages

LAMEA Fire Sprinkler Systems Market Size, Share & Trend, 2030

• October-2023
• 112 Pages

Europe Fire Sprinkler Systems Market Size & Growth to 2030

• October-2023
• 113 Pages

Asia Pacific Fire Sprinkler Systems Market Size & Trend, 2030

• October-2023
• 112 Pages