United States Fire Sprinklers Market Size, Share, and COVID-19 Impact Analysis, By Type (Product and Service), By Application (Commercial, Industrial, and Residential), and United States Fire Sprinklers Market Insights, Industry Trend, Forecasts to 2033
Industry: Semiconductors & ElectronicsUnited States Fire Sprinklers Market Insights Forecasts to 2033
- The US Fire Sprinklers Market Size was valued at USD 5.09 Billion in 2023.
- The Market Size is Growing at a CAGR of 7.01% from 2023 to 2033
- The U. S. Fire Sprinklers Market Size is expected to Reach USD 10.02 Billion by 2033
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The United States Fire Sprinklers Market is anticipated to exceed USD 10.02 Billion by 2033, growing at a CAGR of 7.01% from 2023 to 2033.
Market Overview
A fire sprinkler is a type of fire protection device that consists of sprinkler heads that are attached to a side wall or ceiling and are connected to an active water supply through pipes and connections. Rising temperatures activate fire sprinklers. Air over the flame is quickly heated as it ignites, rises and spreads over the roof. A chain reaction starts when the temperature of the air reaches the point when the sprinkler head is touched. Automatic fire protection systems, or sprinklers, are meant to detect and extinguish flames as quickly as possible. A system consists of a network of pipes carrying pressurized water or other extinguishing agents. When a fire breaks out, the extinguishing agent is released through the sprinkler, which effectively suppresses the fire and limits its spread. The fire sprinkler market in the US has grown significantly as a result of product and technology improvements. Furthermore, under the new regulatory code, the National Fire Protection Association (NFPA) has enforced the installation of fire protection in new commercial construction projects. Therefore, the need for fire sprinklers in the US is being accelerated by the increasing pace of development of commercial buildings, such as offices, retail stores, commercial centers, entertainment venues, hospitals, and schools. Additionally, in order to encourage the adoption of these systems, the US government is creating rules and hosting a number of seminars.
Report Coverage
This research report categorizes the market for the United States fire sprinklers market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the US fire sprinklers market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the US fire sprinklers market.
United States Fire Sprinklers Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023 : | USD 5.09 Billion |
Forecast Period: | 2023 – 2033 |
Forecast Period CAGR 2023 – 2033 : | 7.01% |
023 – 2033 Value Projection: | USD 10.02 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 195 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Type, By Application |
Companies covered:: | American Fire Protection Group, Inc., American Fire Systems, Inc, Western States Fire Protection., United States Alliance Fire Protection, Inc., Johnson Controls, Hochiki Corporation, API Group Inc, Others |
Pitfalls & Challenges: | Covid-19 Impact, Challenge, Future,Growth and Analysis |
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Driving Factors
The primary driver of the market expansion for fire sprinklers is the growing amount of money that businesses are investing to protect infrastructure and lower property and casualty losses in various applications. The need for fire sprinkler services in commercial applications is also being driven by governments' stricter regulations on the installation of fire sprinklers in buildings. Since that many industries, including manufacturing, mining, oil and gas, and energy and power, are known for having high fire risks, it is also anticipated that the penetration level of fire sprinklers in the industrial vertical will increase quickly. In these industries, flammable and combustible materials are working extensively, including coal, flammable gases (like butane), petroleum, and crude oil. Fire sprinkler systems are being constructed in these sectors to prevent fires because these materials are flammable.
Restraining Factors
Several significant constraints are impeding the growth of the fire sprinkler market, including the high cost of retrofitting fire sprinklers in existing buildings and the lack of integrity in system interfaces.
Market Segmentation
The United States fire sprinklers market share is classified into type and application.
- The product segment is expected to hold the largest market share through the forecast period.
The United States fire sprinklers market is segmented by type into product and service. Among them, the product segment is expected to hold the largest market share through the forecast period. The need for fire sprinklers has increased due to urbanization and construction projects, particularly in emerging economies, as dependable fire prevention solutions are required for modern buildings and infrastructure projects. Improved detection capabilities, creative designs, and seamless integration with fire alarm systems are just a few of the ways that technological developments have contributed to the development of more effective and profitable fire sprinkler systems.
- The commercial segment dominates the market with the largest market share over the predicted period.
The United States fire sprinklers market is segmented by application into commercial, industrial, and residential. Among them, the commercial segment dominates the market with the largest market share over the predicted period. Commercial sectors include the hotel, retail, healthcare, manufacturing, and office spaces. These industries heavily depend on fire sprinklers to protect their expensive assets and maintain business operations. There is a growing need for fire sprinkler systems in the commercial sectors due to factors such as government laws pertaining to smart buildings, growing awareness of fire threats, and expanding urbanization.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the United States fire sprinklers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- American Fire Protection Group, Inc.
- American Fire Systems, Inc
- Western States Fire Protection.
- United States Alliance Fire Protection, Inc.
- Johnson Controls
- Hochiki Corporation
- API Group Inc
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In March 2023, the United States Alliance Fire Protection, Inc. expert in firefighting systems, Marioff, unveiled in Mexico City a novel approach to data center fire prevention and fighting that services high-pressure water mist without endangering the equipment meant to protect and preserve the so-called "clouds" of extremely valuable and sensitive data.
Market Segment
This study forecasts revenue at United States, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Fire Sprinklers Market based on the below-mentioned segments:
United States Fire Sprinklers Market, By Type
- Product
- Service
United States Fire Sprinklers Market, By Application
- Commercial
- Industrial
- Residential
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