Latest News- Commercial Fire Sprinkler Systems And Components Market: Sprinklers is expected to lead the Component segment during 2025-2029

The Commercial Fire Sprinkler Systems And Components Market is being driven by Stringent fire safety regulations

The Commercial Fire Sprinkler Systems And Components Market is expected to grow at a CAGR of 8.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5976.6 million. The global commercial fire sprinkler systems and components market is experiencing notable progress, driven by the launch of innovative products that boost fire protection efficiency and ensure regulatory compliance. One such recent introduction is Johnson Controls' Tyco ESFR-25 Dry-Type Pendent Sprinkler, unveiled on September 26, 2024. This advanced fire sprinkler system, which is FM-approved, is specifically designed for refrigerated and frozen storage areas. Featuring a nominal K-factor of 25.2 and offering both threaded and grooved connections, the ESFR-25 operates reliably in extreme temperatures as low as minus 60 degrees Fahrenheit (minus 51 degrees Celsius). By eliminating the need for complex in-rack sprinklers, this system significantly reduces installation costs and operational disruptions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Component
  • Sprinklers
  • Pipes
  • Valves
  • Pipe fittings
  • Others
• Class Type
  • Light hazard
  • Moderate hazard
  • High hazard
  • Others
• End-user
  • Retail stores
  • Healthcare facilities
  • Office spaces
  • Public venues
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Stringent fire safety regulations
• Rapid urbanization and infrastructure development
• Raising awareness of fire safety

However, the market also witnesses some limitations, which are as follows:

• High installation and maintenance costs
• Complexity of retrofitting existing buildings
• Corrosion in commercial fire sprinkler systems

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Market Scope in Commercial Fire Sprinkler Systems And Components Market Research Report

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Research Analysis Overview

The Commercial Fire Sprinkler Systems and Components Market encompasses fire sprinkler services, smoke detection technologies, and risk mitigation strategies. Wet-pipe sprinkler systems, a key component of fire protection measures, prevent property damage and water damage from fires. Advanced fire protection systems include gas-based systems and smart buildings with fire alarm systems. Firefighting techniques, engineering, and insurance requirements drive market growth. Innovative designs cater to various sectors like healthcare, hospitality, infrastructure projects, and distribution centers. Building codes, thermal sensitivity, and manufacturing also influence the market. Sprinkler heads, water supply systems, and pipes are essential components of wet-pipe sprinkler systems used in warehouses, residential buildings, and cold storage facilities. Fire incidents necessitate stringent fire protection regulations and government mandates.

Market Research Overview

The Commercial Fire Sprinkler Systems and Components market encompasses professionals and experts involved in the design, installation, and maintenance of fire protection equipment, including dry-pipe sprinkler systems. According to market research firm Technavio, the global building products market, which includes manufacturers of fire sprinkler systems and components, is projected to grow significantly. This expansion is attributed to the burgeoning construction sector, particularly in developing economies, where the demand for infrastructure development in residential and healthcare facilities is surging. Effective fire sprinkler systems are essential components of building safety, making their inclusion in new construction projects a priority for management teams and audit committees. The importance of regular fire sprinkler maintenance cannot be overstated, ensuring the continued functionality and reliability of these critical safety systems.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/