Fire Sprinkler Market Size, Share & Trends Analysis Report By Type (Products, Services), By Component (Stop Valve, Alarm Valve, Fire Sprinkler Head, Alarm Test Valve, Motorized Alarm Bell), By Technology (Active Fire Protection, Passive Fire Protection), By Application (Residential, Commercial, Industrial) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Market Overview

The global fire sprinkler market size was valued at USD 14.23 billion in 2023. It is expected to reach USD 27.23 billion in 2032, growing at a CAGR of 7.48% over the forecast period (2024-32). Government regulations mandating the installation of fire sprinkler systems in commercial and residential buildings drive market demand. Compliance with building codes and safety standards promotes the adoption of fire sprinklers to ensure occupant safety and property protection.

A fire sprinkler system is a straightforward yet essential active part of the fire protection system in a residential or commercial building. The system, which is installed on side walls or ceilings, consists of sprinkler heads, a water source, and a pipe system for water distribution. The sprinkler automatically releases water when a fire is detected. A fire detection and suppression system can detect and suppress the fire.

A fire sprinkler system comprises a group of fire suppression system parts that release water when a specific temperature is exceeded and fire is discovered. A sprinkler system's early suppression of fire prevents it from spreading. The fundamental parts of a fire sprinkler system are the alarm valve, stop valve, fire sprinkler head, alarm test valve, and mechanized alarm bell. Several industries use fire sprinkler systems, including energy & power, oil & gas, manufacturing, transportation, and mining.

Market Dynamics

Global Fire Sprinkler Market Drivers

Increased Construction Activity in Residential and Non-Residential Areas

Investments in residential and commercial buildings determine how quickly the fire sprinkler market will grow. Due to rising personal disposable income and population growth, there is a greater need to construct both residential and commercial complexes. The rise of the residential and commercial construction industries has benefited the market and is anticipated to continue to drive up demand for fire sprinklers.

An Increase in Fire Safety Awareness

The fire sprinkler market is anticipated to increase due to strict regulations for installing fire suppression systems in non-residential and residential buildings worldwide. Fire sprinklers are a crucial component of fire safety in industrial and commercial sectors. The sector's rise is also fueled by worries about public safety and an increased risk of property loss from fire incidents.

Global Fire Sprinkler Market Restraint

Fluctuation in the Cost of Raw Materials

Metal, glass, and plastic are raw materials used to manufacture fire sprinklers. Various economic and speculative factors have shifted the price of raw materials over the past few years. Government-led strict rules and taxes have significantly impacted manufacturers' earnings and profits and controls against deforestation, metals, and other materials used in fire sprinklers.

Regional Analysis

The Preeminence of North America

Region-wise, the global fire sprinkler market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

North America commands the market, growing at a CAGR of 5.68% during the forecast period. The industrial sector covers installing fire sprinkler systems in manufacturing, textile, chemical, oil & gas, and other industries. Fire risks are a significant worry due to the industrial techniques utilized. For instance, the oil & gas industry uses highly flammable substances to produce oil and gas. The market is also anticipated to develop as fire safety and security awareness increases, owing to the rise in fire accidents. For instance, the US Fire Administration reports that in 2018, around 1,318,500 fire cases were reported in the country and that these fire accidents resulted in nearly 3,655 civilian fatalities. Governments have established strict fire safety rules to install fire sprinkler systems across North America. Additionally, increased government spending on commercial buildings is anticipated to fuel market expansion for fire sprinklers.

Europe is the second largest market and is expected to generate USD 2,813 million by 2030, growing at a CAGR of 7.19%. Germany occupies a significant share of the market. Fire safety in residential and non-residential structures is an essential concern in Europe. For instance, a study on fire accidents conducted by Fire Safe Europe, a European group for fire safety in buildings (FSEU), found that at least 5,000 fire events occur daily in Europe. One percent of the European GDP is thought to have been lost due to these fire catastrophes. These data highlight the significance of fire safety and are a key factor in the market growth for fire sprinklers. Additionally, rising government investment in developing commercial and industrial buildings is anticipated to fuel the market for fire sprinklers during the forecast period.

Asia-Pacific comprises China, India, Japan, and the rest of Asia-Pacific. Concern over fire safety has increased due to increased fire accidents in industrial and residential settings throughout Asia-Pacific, particularly in China and India. For example, 192,000 fire events were registered in China in 2018, leading to 38,000 injuries and 500 civilian fatalities. In a similar vein, India reported 49,000 fire accidents in 2018, which resulted in the deaths of 609 citizens. These incidents raise significant questions about the necessity for these nations to set up effective fire safety measures. This is anticipated to lead to growth in the fire sprinkler market. Additionally, in 2015, the Chinese government unveiled its "Made in China 2025" plan, outlining its ambition to increase industrial production from the electronics sector to USD 305 billion by 2030. Therefore, it is anticipated to fuel market expansion for fire sprinklers.

Segmental Analysis

The global fire sprinkler market is segmented by type, component, technology, application, and region.

Type-wise, the global market includes Products and Services.

The Product segment dominates the market and is expected to grow at a CAGR of 6.42% during the forecast period. Wet sprinkler systems, dry sprinkler systems, pre-action sprinkler systems, and deluge sprinkler systems are all included in the product. The primary driver of market expansion is the increase in the use of fire sprinkler systems, which is due to increased awareness of the risks associated with fire threats. 

Engineering services, installation and design, maintenance services, and inspection & managed services are all included in the Services segment. The necessity for routine maintenance, inspection, and testing of fire sprinkler systems has increased. Therefore, it is anticipated to drive the expansion of the services segment over the forecast period.

Component-wise, the global market includes Stop Valve, Alarm Valve, Fire Sprinkler Head, Alarm Test Valve, and Motorized Alarm Bell.

The Stop Valve segment dominates the market and is expected to grow at a CAGR of 8.55% during the forecast period. An instrument for controlling fluid flow in pipe fixtures is the stop valve. The stop valve regulates water flow and is a crucial component of a fire sprinkler system. Due to its straightforward design, dependable operation, and extended working life, an increase in the usage of stop valves is anticipated throughout the projection period. The requirement for safety against fire dangers would arise as more and more residential, commercial, and infrastructure construction activities are expected. Companies working in the fluid control industry are also conducting research and development to create effective stop valves, resulting in continued dominance in the market.

In fire sprinkler systems, water flow is regulated by Alarm Valves. Additionally, it is utilized to start the water flow through sprinkler heads when a fire is detected to put it out. It stops water from flowing backward from the installation into the fire pump room. Alarm valves are used more frequently in fire sprinklers and other fire protection systems to proactively manage fire dangers and carry out rescue operations. Due to requirements placed by fire safety authorities to employ alarm valves in fire sprinkler systems, an increase in the usage of alarm valves is anticipated throughout the forecast period.

Technology-wise, the global market includes Active Fire Protection and Passive Fire Protection.

The Active Fire Protection segment dominates the market and is expected to grow at a CAGR of 7.6% during the projected period. AFP refers to a category of fire prevention systems that, upon detecting fire, need some input in the form of motion or activity to begin operating. These include hoses, water spray, deluge, sprinklers, firewater monitors, and fire extinguishers. As they are engaged when a fire is discovered by fire detection systems and the signal is sent to the stop valve of fire sprinklers, fire sprinklers are one of the most prevalent types of active fire protection.

Passive Fire Protection is crucial to the defense against structural fires. Passive fire defense aids in stopping the spread of fire. Systems for passive fire protection include illumination signs, control panels, fire barriers, fire partitions, and smoke barriers.

Application-wise, the global market includes Residential, Commercial, and Industrial.

The Commercial segment dominates the market and is expected to grow at a CAGR of 8.53% during the forecast period. Commercial buildings use fire suppression extensively to protect themselves from fire threats and comply with fire safety rules. Therefore, it is anticipated that an increase in commercial construction activity in developed and developing nations will hasten the expansion of the fire sprinkler market.

The installation of fire sprinkler systems in manufacturing, textile, chemical, oil & gas, and other industries is included in the Industrial section. Due to the nature of the industrial methods that are used in industries, fire dangers are a serious concern. For instance, the oil and gas industry uses extremely combustible compounds to create oil and gas.

Impact of covid-19

COVID-19 has positive and negative market consequences, as carbon emissions have decreased globally due to the lockout. COVID-19's reduction in emissions is a short-term benefit. Still, when industries and enterprises attempt to recoup some of their financial losses in the first quarter of the year, carbon emissions will rise dramatically. COVID-19 had a negative impact on global recycling efforts. Countries, notably the United States, have halted or decreased recycling programs to focus on collecting additional domestic waste or because services have been disrupted by the virus.

Also, with industries slowly returning to normalcy following the COVID-19 outbreak, this shift in workplace health and safety is expected to increase due to mandatory social distancing and continuous personal care through sanitization to eliminate even the tiniest possibility of COVID-19 spread. COVID-19 has impacted various companies' revenues, and if the lockdown is lifted, companies will turn their attention to operations to make up for their losses.

Recent Developments

• February 2024 - Johnson Controls, a global leader in smart, healthy, and sustainable building technologies, released an electronic accelerator called the Tyco QRS-2 Quick Release Switch. It enhances the response time of Tyco dry pipe and preaction valves in fire sprinkler systems.
• February 2024 - The Walker Fire Department supported the proposed building code, which mandates sprinkler systems for newly constructed homes. According to the government, sprinkler system installation in newly constructed residences might be the difference between life and death.