Automatic Fire Sprinkler Systems Market Industry Size, Share, Growth, and Industry Analysis by Type (Sensitive Smoke, Sensitive Temperature, and Automatic Fire Sprinkler Systems) By Application (Hotels, Nursing Homes, Dormitories, Hospitals, and Others) Regional Forecast To 2031

Updated On: 01 April 2024

Automatic Fire Sprinkler Systems Market Report Overview

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The automatic fire sprinkler systems industry market size is expected to be worth USD 767 million in 2022.  As per our research, the industry is projected to touch USD 1,609.64 million in 2031, exhibiting a CAGR of 8.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the automatic fire sprinkler systems industry experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden surge in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Fire sprinkler systems provide active fire protection by providing adequate flow rate and pressure to a water distribution piping system to which fire sprinklers are connected. There are a number of components that make up an automatic fire sprinkler system, such as a pipe, a stop valve, an alarm valve, a fire sprinkler (head), an alarm test valve, and a motorized alarm bell (gong). Fire sprinkler systems are required in almost all newly constructed commercial or industrial buildings to prevent life-threatening situations, protect property, protect firefighters, and minimize business interruption.  The National Fire Protection Association (NFPA) Standard for the Installation of Sprinkler Systems or NFPA 13 prescribes the design and installation of sprinkler systems.  These systems are comprised of pipes and fittings, valves, alarm-initiating devices, and automatic sprinklers that are powered by a reliable water supply.

Automatic fire sprinkler systems industry growth will be driven by reduction in damage risk, protection of life and property, and increased investments across organizations to protect infrastructure. Industry growth is also expected to be driven by investments in smart homes and buildings. There will be numerous opportunities in the automatic fire sprinkler systems industry as a result of technological advancements and increased awareness regarding fire safety.

COVID-19 Impact: Halt in the Production and Shutdown of Manufacturing Units to Restrain Industry Growth 

The COVID-19 pandemic has had an effect on almost all sectors in the society, impacting some beneficially and other fields slightly non-beneficial. There has been a moderate impact on the industry as a result of the outbreak of COVID-19 and the subsequent lockdowns around the world as part of the efforts to stem its spread. A number of establishments have been delayed in installing automatic fire sprinkler systems due to restrictions on movement of people. Furthermore, the production of fire sprinkler equipment has also been affected as supply chains have been disrupted and production activities have been temporarily suspended. Global supply chains have been negatively affected by the closure of various plants and factories, impacting manufacturing, delivery schedules, and sales of products globally. As restrictions are gradually relaxed, the industry is expected to grow modestly over the forecast period.

Latest Trends

"Increasing investments for Life Safety to Drive the Market"

Fire sprinklers are installed in various commercial buildings, such as offices, factories, hotels, schools, and hospitals, to reduce the damage caused by fire. Due to this, businesses spend a significant amount of money on fire protection and the installation of sprinklers, which make working environments safer. Additionally, fire sprinklers are tax deductible, so the company is investing in them. Warehouses are generally equipped with fire sprinklers to prevent the loss of property in the event of a fire.

Automatic Fire Sprinkler Systems Market Segmentations

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• By Type

The industry is classified into sensitive smoke, sensitive temperature, and automatic fire sprinkler systems based on type. The sensitive smoke category segment will lead the automatic fire sprinkler systems industry share throughout the forecast period.

• By Application

The industry is classified into hotels, nursing homes, dormitories, hospitals, and others on the basis of application. The hotels segment will lead the automatic fire sprinkler systems industry share throughout the forecast period.

Driving Factors

"Increasing Investments in Smart Homes to Drive the Industry"

As the investment in smart homes increases due to increasing safety awareness, the automatic fire sprinkler systems industry is also expected to increase. Products on the smart home industry offer convenience and reduce the time and effort needed to complete household tasks. Additionally, these systems are more practical than the current manual systems. Smart home systems place a lot of emphasis on security. The automation of the entire home environment through a bundled in-built monitoring system is a key component of the industry for smart homes.

"Increasing Number of Deaths Due to Fire Outburst Incidents to Drive the Industry"

Nowadays safety awareness is increasing among the public due to sudden fire outbursts despite the area and the increasing number of deaths is a major driving force of the market. Even though the fire force is there in most places just a call away, the installation of automatic fire sprinkler systems will be an instant life saver.

Restraining Factors

"Relatively Higher Initial Investment Costs to Restrain the industry"

Since the initial investment in installing the automatic fire sprinkler systems requires more costs, people might look for alternatives to avoid these extra costs which can be a major restraining factor of the industry growth.  

Automatic Fire Sprinkler Systems Market Regional Insights

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"Asia Pacific to Hold the Largest  Share Owing to Urbanization"

During the forecast period, Asia Pacific is expected to hold the largest automatic fire sprinkler systems industry share. It is caused by the urbanization of emerging economies such as China, India, and Japan. In addition to the growing investments in infrastructure facilities, the region has also seen its growth. Additionally, the increasing middle-class population and increased awareness about fire safety will contribute to the growth of the global automatic fire sprinkler industry. Infrastructural investments and growing investments in the railway, mining, and commercial buildings sectors will benefit the regional automatic fire sprinkler industry.

After Asia Pacific,  North America holds the majority of the automatic fire sprinkler systems industry share. The installation of fire suppression systems in buildings is required by strict rules and regulations that have been drafted by various governments in North America. Apart from this, the number of market players also contributes to regional growth.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage  "

Prominent industry players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Industry Players Profiled

• APi Group (U.S.)
• Cosco Fire Protection (U.S.)
• Tyco International (Ireland)
• Adams Fire Protection (U.S.)
• Heiser Logistics (U.S.)
• Koorsen Fire and Security (U.S.)
• American Fire Technologies (U.S.)
• Viking Group (France)
• BC Group (U.S.)
• Argus Fire NZ (New Zealand)
• Grundfos (Denmark)
• Kauffman (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the industry affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of industry dynamics change.