Global Fire Sprinkler Market to grow at a CAGR of 9.17% during the period 2016 - 2020; Finds New Report

Report forecast the global fire sprinkler market to grow at a CAGR of 9.17% during the period 2016-2020.

With technological advances in the construction industry globally, health safety and environment (HSE) has gained significant importance. HSE is gaining popularity in the industrial, civil, commercial, and residential construction sectors.

Fire safety is one of the key aspects of HSE. With the significant increase in the importance and implementation of HSE operations, acceptance of systems such as fire-safety equipment has increased. As a result, the global fire sprinklers market is gaining traction.

Among the different sectors of construction, the demand for fire sprinklers is comparatively high in the commercial, infrastructure, and industrial construction sectors. Electrical equipment and other flammable components that are used in complex and heat-intensive processes are being dealt with extra care to avoid any untoward instances.

The report covers the present scenario and the growth prospects of the global fire sprinkler market for 2016-2020. To calculate the market size, we consider the revenue generated from the sale of new fire sprinkler units across the globe in the forecast period.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver is the reduction in fire-related casualties. Sprinklers are being installed in most residential and commercial buildings. It helps in reducing fore related accidents. According to the National Fire Protection Association, the deaths caused by fire incidents are minimal in buildings with a fire sprinkler. In the US, fire deaths were reduced by 70% in 2014. This figure is estimated based on the number of fire deaths in buildings with and without sprinklers. In buildings with sprinklers, 2.1 fire deaths per thousand fires were accounted for, while in buildings without sprinklers, 9.1 fire deaths per thousand fires were estimated.

Further, the report states that one challenge that could hamper market growth is the high installation cost of wet pipe systems.

Global Fire Sprinkler Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global fire sprinkler market: Hochiki, Minimax Viking, Tyco International, and United Technologies.

Other Prominent Vendors in the market are: API, Automatic Fire Sprinklers, Century Fire Sprinklers, Cosco Fire Protection, DIBOCO Fire Sprinklers, Global Fire Sprinklers, Prairie Fire Sprinklers, REDA Fire & Safety, Rollins Fire Sprinklers, and Wayne Automatic Fire Sprinklers.

Market driver

• Reduces fire-related casualties
• For a full, detailed list, view our report

Market challenge

• High installation cost of wet pipe systems
• For a full, detailed list, view our report

Market trend

• Use of advanced technologies
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 57 pages and 47 Exhibit “Global Fire Sprinklers Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Summary of key figures, Appendix.

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