Global Fire Sprinkler Market: is expected to reach US$ 1.73 Bn. by 2029, at a CAGR of 9.36% during the forecast period.
Global Fire Sprinkler Market Overview:
A research team conducted extensive primary and secondary research for the worldwide industry’s Global Fire Sprinkler Market study. Secondary research was conducted to supplement existing data, segment the market, assess total market size, anticipate market size, and growth rate.
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Global Fire Sprinkler Market Dynamic:
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.
Market Scope:
Our team at Maximize collects market information and data from a number of sources in order to provide a more realistic regional perspective. The study’s country-level analysis is based on a review of several regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic statistics.
Global Fire Sprinkler Market Segmentation:
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.
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Global Fire Sprinkler Market Key Players:
• Honeywell International
• Johnson Controls
• Tyco
• Minimax GmbH & Co. KG
• API Group Inc.
• United Technologies Corporation
• Robert Bosch GmbH
• Hochiki Corporation
• VT MAK
• Siemens AG
• GW Sprinkler A/S
• SIRON Fire Protection
• Viking Automatic Sprinkler Company
• Total Safety U.S., Inc.
• VFP Fire Systems, Inc.
• Keystone Fire Protection Co.
• City Fire Protection
• Rapid Fire Protection, Inc.
• Reliance Fire Protection, Inc.
Regional Analysis:
A country-level examination of the Global Fire Sprinkler Market focuses on categories identified as potentially high-growth, countries with the largest market share, and countries with the highest development potential. The regional breakdowns in the Global Fire Sprinkler Market report include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
COVID-19 Impact Analysis on Global Fire Sprinkler Market: The impact of COVID-19 on global Global Fire Sprinkler market has also been included in the report.
Key Questions answered in the Global Fire Sprinkler Market Report are:
- Which product segment had the largest share in the Global Fire Sprinkler market in 2020?
- How is the projected competitive landscape of the Global Fire Sprinkler market in the forecast period (2021-2027)?
- Which are the key factors aiding the Global Fire Sprinkler market growth?
- Which region is responsible for the maximum share in the Global Fire Sprinkler market in 2020?
- What will be the CAGR of the global Global Fire Sprinkler market in the forecast period (2021-2027)?
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About Maximize Market Research:
Maximize Market Research, a global market research firm with a dedicated team of professionals and data has carried out extensive research on the Transportation management system market. Maximize Market Research provides syndicated and custom B2B and B2C business and market research on 12,000 high-growth emerging technologies, opportunities, and threats to companies in the chemical, healthcare, pharmaceuticals, electronics, and communications, internet of things, food and beverage, aerospace and defense, and other manufacturing sectors. Maximize Market Research is well-positioned to analyze and forecast market size while also taking into consideration the competitive landscape of the sectors.
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