Latest News- Commercial Fire Sprinkler Systems Market: Wet pipe is expected to lead the Type segment during 2024-2028

The Commercial Fire Sprinkler Systems Market is being driven by Government support with regard to fire sprinkler installation

The Commercial Fire Sprinkler Systems Market is expected to grow at a CAGR of 8.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2050.4 million. In the dynamic commercial fire sprinkler systems market, strategic acquisitions and consolidations have emerged as key growth strategies for major players. In January 2023, Johnson Controls International Plc., a leading global provider of building technologies and solutions, announced the acquisition of SimplexGrinnell for USD 5.1 billion. This acquisition significantly expanded Johnson Controls' footprint in the Middle East, Africa, and other global markets, integrating SimplexGrinnell's expertise and resources to enhance its capability to deliver advanced fire safety solutions and expand its reach in critical regions. In a similar move, Pye-Barker Fire and Safety LLC, the largest fully integrated provider of fire protection, life safety, and security services in the US, acquired Automatic Fire Sprinklers, Inc. in May 2023. This strategic acquisition fortified Pye-Barker's market position and expanded its service offerings, enabling it to better cater to the growing demand for comprehensive fire safety solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Wet pipe
  • Dry pipe
  • Pre action
  • Deluge
  • Foam system
• Class Type
  • Light hazard
  • Moderate hazard
  • High hazard
  • Others
• End-User
  • Office Buildings
  • Retail
  • Hospitality
  • Healthcare
• Component
  • Sprinkler Heads
  • Pipes
  • Valves
  • Control Panels
• 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: 

• Government support with regard to fire sprinkler installation
• Implementation of unified building codes
• Rise in development of commercial infrastructure

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

• Corrosion in commercial fire sprinkler systems
• High initial costs of commercial fire sprinkler systems
• Availability of substitutes

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Market Scope in Commercial Fire Sprinkler Systems Market Research Report

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Research Analysis Overview

The Commercial Fire Sprinkler Systems Market encompasses various components, including diverse sprinkler head types, automation systems for efficient fire suppression, and integration with other building safety systems. These elements ensure effective fire protection in commercial structures. (51 words) Or: The Commercial Fire Sprinkler Systems Market involves different types of sprinkler heads, advanced automation systems, and seamless integration with other building safety components. These features ensure optimal fire protection and efficiency in commercial settings. (51 words)

Market Research Overview

The Commercial Fire Sprinkler Systems market encompasses the production and installation of various fire suppression systems, including sprinkler heads, wet pipe systems, dry pipe systems, deluge systems, pre-action systems, water-based systems, and foam systems. According to Technavio, the global Building Products market, which includes manufacturers of building components and home improvement products and equipment, is projected to grow significantly. This expansion is attributed to the thriving construction sector in both developed and developing economies, fueled by the demand for infrastructure development in response to urbanization and public healthcare needs.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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