Value chain

Automatic Fire Sprinklers Market Growth, Trends, Huge Business Opportunities and Value Chain 2021-2031 – Instant Interview

The global automatic fire sprinkler market was rated at $12,200 million in 2020 at $21,595.73 million by 2027, at a CAGR of 8.9% from 2021 to 2027. Sprinklers are used in various commercial and residential applications to protect areas from fires. A frangible bulb is attached to the sprinkler head, filled with a liquid, and releases water when heated. Automatic fire sprinklers detect heat in advance, sound an alarm, and spray water finely into the fire-prone area. Sprinklers release water as it can cool and extinguish the fire and is a readily available resource.

In addition, it is a very economical and effective means of suspending fire. Sprinklers can detect smoke and fire in advance and reduce fire damage, preventing fire injuries and protecting lives and property. Automatic sprinklers help reduce the severity of the fire and prevent the fire from spreading.

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The major driving factors of the automatic fire extinguisher market are protection of life and property, reduction of risk of damages and increase in investments in organizations for infrastructure protection. Additionally, various government initiatives are helping to sustain the growth of the market. However, the high cost of installing and maintaining sprinklers is expected to hamper the development of this market. Various technological innovations in automatic fire extinguishers and the growing trend towards automation are expected to provide lucrative opportunities for the market.

Factors affecting the global automatic fire extinguisher market include protection of life and property, reduction of risk of harm, increase in investment in fire safety related organizations and awareness of life safety. These major factors have stimulated the installation of automatic fire sprinklers. Installing automatic sprinklers helps reduce the spread of fire and decreases the risk of damage to life and property, which is why they are mostly installed. Automatic sprinklers use less water and provide maximum fire protection through environmental protection.

Global Automatic Fire Sprinkler Market Dynamics

Drivers: Increase investments in organizations for fire safety

Fire protection is one of the major concerns of organizations as it can lead to loss of life and property and can cause serious injury to employees and the entire organization. Automatic fire extinguishers are installed in various commercial buildings such as offices, industries, hotels, schools and hospitals to minimize fire damage. Therefore, organizations are investing heavily in fire protection and installing various sprinklers that provide a safer working environment. In addition, sprinklers are an investment in the business since they are tax deductible. Fire sprinklers are widely installed in warehouses to protect against loss from fire damage. Additionally, automatic sprinklers help businesses reduce fire damage by up to 90%, thus fueling the growth of the market.

Constraints: high initial cost of retrofitting fire sprinklers in current buildings

Automatic sprinklers can prevent loss of life and property, but the high initial cost of installing them has proven to be a major drawback in the automatic sprinkler market. The cost to install a basic fire sprinkler system in a new building is around $1-2 per square foot, while installing a sprinkler system can be up to $10 per square foot for buildings, as retrofitting an existing building is an expensive affair. The cost of installing a new fire sprinkler system is approximately 1-2% of building a home. The installation of sprinklers is expensive, but the repair and maintenance costs are high, which hinders the growth of the market.

Opportunities: Increased fire safety awareness

Various companies provide employee safety awareness, training awareness, and provide safety brochures with proper guidelines on what to do in the event of a fire. In addition, various government initiatives regarding public fire safety, such as “Learn not to burn” and NFPA’s “Risk Watch”, are the best examples of raising people’s awareness of safety. If such an accident occurs, they must be ready to fight the fire. All these factors are expected to provide lucrative opportunities for the automatic fire sprinkler market.

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Report scope

The study categorizes the automatic fire sprinkler market based on type, industry vertical, and regions.

By type

  • Wet fire sprinklers
  • Dry fire sprinklers
  • Pre-action
  • Flood

By industry vertical

  • Commercial
  • Residential
  • Energy and Power
  • Industrial and manufacturing
  • Oil, gas and mining
  • Logistic transport
  • Others

By region

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)

Wet Sprinklers, by Type, are estimated to be the fastest growing segment during the forecast period

By Type, the automatic sprinkler market is segmented into wet sprinkler, dry sprinkler, deluge sprinkler, preaction sprinkler and others. All these types of products have different functionality, but the same purpose is to extinguish the fire and reduce the damage caused by the fire. In 2020, wet sprinklers were the fastest growing segment with a CAGR of 11.5% in the global automatic fire sprinkler market and a revenue share of 40.54% during the forecast period. .

Wet fire sprinklers are installed in areas that are not vulnerable to frost, that is, where the temperature is above 40 degrees. Wet sprinklers are the most common and well-known fire extinguishing methods available on the market. Water sprinklers consist of far fewer components and are easy to maintain. Therefore, the chances of malfunctioning are relatively less than other sprinkler systems. It provides reliability and complete safety to fire-prone areas. Additionally, water sprinklers are considered an economical option for various businesses and commercial sectors as they are easy to install and maintain.

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Asia-Pacific accounts for the highest CAGR over the forecast period in the automatic fire sprinkler market

Based on region, the global automatic fire sprinkler market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. Asia-Pacific has a growth rate of 11.8% during the forecast period 2021-2027 and has a revenue share of 22.49% globally. Asia-Pacific includes countries such as India, China, Australia, Japan, and the rest of Asia-Pacific. Growth in infrastructure and consumer willingness to spend on fire protection systems including automatic sprinklers are expected to drive the market growth.

The middle-class population in Asia-Pacific countries, such as India and China, is growing at a very rapid rate. According to the Organization for Economic Co-operation and Development (OECD), in 2009 the middle class population in Asia-Pacific was around 28% globally and is expected to reach 54% in 2030, with the highest growth in India and China. High investments in infrastructure including railways, mines, and commercial buildings are expected to augment the market growth. The Indian government has issued contracts worth INR 1,861 crore on these projects, through which the infrastructure facilities are expanding, which in turn increases the growth of the market.

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Main market players

Leading companies in the global automatic fire sprinkler market i.e. APi Group, Cosco Fire Protection, Koorsen Fire & Security Inc., Adams Fire Protection, United Technologies Corporation, American Fire Technologies, Johnson Controls International Plc., Kaufman Fire Protection Systems, Inc., and Grundfos. Parameters considered for representation are geographical scope, key strategies adopted, company revenue and their focus on manufacturing and supporting the Automatic Sprinklers market. United Technologies Corporation represents the highest revenue with maximum geographic presence. UTC recorded a total annual growth of 2.0% in 2016. Followed by UTC, Honeywell International Inc. recorded a growth rate of 1.9% in 2016 and Johnson Controls International PLC. recorded a growth rate of 1.3% in 2016