The Europe fire sprinkler market size was valued at USD 1,636 million in 2022 and is projected to reach USD 2,918 million by 2031, registering a CAGR of 6.0% during the forecast period (2023-2031).
"Fire Sprinkler" is a magnetic fire suppression system that assists in lowering greenhouse gas emissions from structures during fire occurrences. Fire sprinklers are widely employed in sectors where loss from fire threats is particularly significant, such as oil and gas, telecommunication, mining, energy and electricity, and data centers.
The European Fire Sprinkler market is expected to grow because of Rising Urbanization because there is a growing need for fire protection measures, such as fire sprinkler systems and Strict regulations by the European government.
The continent's increasing urbanization has significantly influenced the market for fire sprinklers in Europe. In residential and commercial structures, there is a growing need for fire protection measures, such as fire sprinkler systems, because of rising urban populations and economic activity. There is an increasing demand for buildings and infrastructure as more people move to metropolitan areas to safeguard people and property from fires. Furthermore, cities frequently have higher population densities than rural areas, which raises the danger of fires and the possibility of substantial damage.
The installation of fire sprinklers in buildings is subject to strict rules put in place by European governments. The market players can anticipate new opportunities because of this. A directive from the European Union (EU) mandates the installation of fire sprinklers in every new construction. The demand for fire sprinklers in the area is anticipated to increase due to this directive. Furthermore, a handful of European nations have their fire sprinkler laws. For instance, the United Kingdom mandates the installation of fire sprinklers in all new high-rise structures.
The fire sprinkler sector is expected to grow in Europe because of stringent legislation requiring the installation of fire suppression systems in residential and non-residential buildings. In commercial and industrial settings, fire sprinklers are utilized to extinguish flames and stop property damage and fatalities. For instance, according to Fire Safe Europe (FSEU), a European organization for fire safety, more than 4,000 fire incidents happen daily in Europe. Therefore, Fire safety in residential and non-residential buildings is a serious issue. As fire suppression systems become more necessary, the market for fire sprinklers is expected to grow faster than expected throughout the forecast period.
The market for fire sprinklers in Europe may be significantly impacted by integrating smart home technology with fire sprinkler systems. Integrating numerous household gadgets and appliances with internet-connected systems to enable homeowners to automate and control their houses from a distance is called "smart home technology." Homeowners could remotely monitor and operate their fire sprinkler systems by merging smart home technologies with fire sprinkler systems. This can include services like turning the system on or off, changing the water pressure, or getting alerts when there might be a fire or a problem. Smart home technology and fire sprinkler systems also enable quicker fire response times. For instance, even if the homeowner is not home, a fire sprinkler system could be activated automatically in response to a smoke alarm or other sensor.
The Europe fire sprinkler market is segmented based on type, component, technology, end-user, and country.
Based on type, the market is further segmented by Product type and Service Type.
The product type dominated the market and is expected to register a CAGR of 6.6% over the forecast period.
Based on components, the market is segmented by Stop Value, Alarm value, Fire sprinkler head, Alarm test value, and Motorized alarm bell.
The Stop Value dominated the market and is expected to register a CAGR of 5.2% over the forecast period.
The market is segmented based on technology into Active Fire Protection and Passive Fire Protection.
Active Fire Protection dominated the market and is expected to register a CAGR of 5.2% over the forecast period.
Based on End Users, the market is segmented into Commercial, Residential, and Industrial.
The Commercial dominated the market and is expected to register a CAGR of 6.5% over the forecast period.
Europe fire sprinkler market is segmented by country into Germany, U.K., France, Spain, Italy, Russia and CIS, Nordic, Benelux, and Rest of Europe. Germany dominates the country market and is expected to grow at a CAGR of 6.9% during the forecast period.
The sprinkler market in Europe is anticipated to expand gradually during the coming years. The region needs more fire safety equipment, especially in the commercial and industrial sectors. The region's need for fire sprinkler systems is rising because of the government's tight enforcement of construction rules and safety requirements. For instance, the European Union is encouraging the installation of fire sprinklers in buildings to reach its objective of lowering fire mortality by 20% by 2030.
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