Latest News- Fire Sprinkler Systems Market: Deluge fire sprinkler systems is expected to lead the Product segment during 2025-2029

The Fire Sprinkler Systems Market is being driven by Decline in insurance expenditure

The Fire Sprinkler Systems Market is expected to grow at a CAGR of 22.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 28829.1 million. In the realm of fire safety systems, a significant development is the integration of fire alarms with building automation systems. During a fire incident, critical measures are taken to contain the blaze, including the closure of lift doors and deactivation of the power system. Simultaneously, automatic alarms are triggered, water sprayers are activated, and smoke-sensing sensors are engaged to alert employees in industrial facilities. Key devices employed for triggering alarms include fire sprinklers, alarm systems, fire doors, stairwells, manual pull alarms, and smoke detectors. These systems work synergistically to ensure a swift and effective response to fire emergencies. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Deluge fire sprinkler systems
  • Wet pipe fire sprinkler systems
  • Pre-action fire sprinkler systems
  • Dry pipe fire sprinkler systems
• End-user
  • Commercial
  • Industrial
  • Residential
• Component
  • Sprinkler heads
  • Control valves
  • Pipes and fittings
  • Alarms and sensors
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

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

• Decline in insurance expenditure
• Increased government support with regard to fire sprinkler installation
• Rise in development of infrastructure

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

• High cost of retrofit and replacement of fire protection systems in existing buildings
• Corrosion in fire sprinkler systems
• Threat of substitutes

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Market Scope in Fire Sprinkler Systems Market Research Report

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Research Analysis Overview

The Fire Sprinkler System market is driven by the urbanization process and the construction of commercial buildings, residential buildings, industrial facilities, and infrastructure projects. The European Green Deal initiative and focus on energy-efficient buildings also contribute to market growth. Fire-related incidents and resulting property damage fuel the need for advanced fire protection systems, including fire suppression systems like gas-based and water-based, and smoke detection technologies. The market includes product segments such as wet-pipe and dry-pipe sprinkler systems, deluge systems, pre-action systems, and office spaces. Factors influencing the market include fire safety regulations, insurance costs, building codes, AI integration, smart controls, system efficiency, corrosion resistance, installation costs, maintenance needs, and safety regulations. Sprinkler heads and temperature activation are essential components of these systems.

Market Research Overview

The global building products market, encompassing manufacturers of components such as windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation materials, cabinets, plumbing fixtures, and home improvement products and equipment, is experiencing significant growth. This expansion is primarily driven by the burgeoning construction sector, which is witnessing robust growth in both developed and emerging economies. The increasing urbanization process and the resulting demand for commercial buildings, residential complexes, and industrial facilities are key factors fueling this trend. In developing economies, the pressing need to construct infrastructure for residential and healthcare facilities is further propelling market growth.. 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/