United States fire sprinklers market expected to grow to $10 billion by 2032

June 26, 2024

Market growth driven by awareness and technological advancements in fire sprinklers

As reported by ResearchAndMarkets.com, the fire sprinklers market in the United States is experiencing notable growth, projected to reach $10 billion by 2032 from $5.1 billion in 2023.

This growth, marked by a compound annual growth rate (CAGR) of 7.8% over the forecast period from 2023 to 2032, is primarily driven by increased awareness of fire safety and the adoption of innovative technologies.

The rise in fire incidents has led to a higher demand for advanced fire suppression solutions.

Fire sprinkler systems are increasingly being implemented in both residential and business settings.

These systems play a crucial role in fire safety by automatically detecting and suppressing fires, which helps ensure the safe evacuation of occupants and minimizes the risks of injuries or fatalities.

Segmentation highlights resilience of fire sprinkler structures

An analysis of the market segmentation reveals that fire sprinkler structures dominate the market due to their essential role in efficient fire protection.

The sector’s growth is further stimulated by technological advancements and the development of high-performance, reliable systems.

Wet sprinkler systems, in particular, hold the largest market share among fire sprinkler systems.

Their cost-effectiveness and proven efficiency in controlling and extinguishing fires contribute to their popularity.

Services and applications in fire sprinkler market

Design and installation services are the leading service segment in the fire sprinkler market.

This prominence is due to stringent building codes and regulations that mandate the inclusion of fire sprinkler systems in new and renovated buildings.

Commercial applications lead the market, reflecting the importance placed on fire safety in large floor areas with high occupant densities and valuable assets.

Regional insights

The West region of the United States holds a dominant market share.

Factors such as the prevalence of wildfires, high population density, and strict building codes requiring fire sprinkler installations contribute to this region’s market predominance.

Competitive landscape and strategic moves

Market players are enhancing their positions through strategic investments in research and development, partnerships, mergers, and acquisitions.

Companies are focusing on providing integrated fire safety solutions in collaboration with industry experts.

Key companies featured in the market report include American Fire Protection Group Inc., Johnson Controls, Siemens AG, and others.

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