North America Fire Sprinkler Market

Market Overview

The North America fire sprinkler market was valued at USD 4,201 million in 2022 and is projected to reach USD 7,547 million by 2031, registering a CAGR of 6.2% during the forecast period (2023-2031).

"Fire Sprinkler" is a magnetic fire suppression system; during fire occurrences, they assist in lowering greenhouse gas emissions from structures. 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 growth of the North American fire sprinkler market is anticipated to be supported by an increase in fire safety awareness and by the government's stringent regulations.

Highlights

• Product type dominates the market by type. 
• The Stop Value dominates the market by Components.
• Active Fire Protection dominates the market by Technology.
• Commercial dominates the market by the end-user.
• The U.S. dominates the market by region.

Market Dynamics

North America Fire Sprinkler Market Drivers

Growth in Awareness Regarding Fire Safety

The fire sprinkler market is anticipated to increase due to the implementation of strict regulations for the installation of fire suppression systems in non-residential and residential buildings. Fire sprinklers are crucial to fire safety in industrial and commercial sectors. Worries about public safety and the increased risk of property loss from fire incidents also fuel the sector's rise. It is projected that increasing awareness of fire safety will support the growth of the fire sprinkler market.

Strict Regulations 

Due to the strict rules and regulations that governments of various nations have implemented governing the required installation of fire suppression systems, the North American market for fire sprinklers is predicted to increase. For instance, the U.S.-based National Fire Protection Association (NFPA) has mandated the installation of fire sprinklers in all new commercial and residential structures by NFPA 13 rules. Like this, the U.K.'s ADB (Approved Document B) of the 2006 Building Regulations mandates the installation of fire sprinklers for structures taller than 30 meters. Therefore, it is projected that over the forecast period, rigorous regulations regarding fire suppression and fire safety to reduce the risk of fire dangers will positively contribute to the growth of the fire sprinkler market.

North America Fire Sprinkler Market Restraints

Perception of Water Damage

Even while fire sprinkler systems in North America effectively put out fires, there is a belief that they can result in water damage. Because they worry about potential water damage to the structure or its contents, some building owners or operators may be reluctant to install fire sprinklers. Although modern fire sprinkler systems can be activated in specific zones and are intended to minimize water damage, this perception may still impact adoption rates, especially in certain building types or industries where water damage could be very expensive or disruptive.

North America Fire Sprinkler Market Opportunities

Government Investment in Building and Infrastructure Projects

Governments have undertaken several projects related to infrastructure development. The growth of the fire sprinkler industry in infrastructure projects across many sectors is fuelled by an increase in real estate investment. For instance, the U.S. government intended to spend $1 trillion on the nation's infrastructure in 2018, including public and private funding. Therefore, government investments in the building infrastructure sector would likely present growth prospects for the market's participants for fire sprinklers.

Segmental Analysis

The North America fire sprinkler market is segmented based on type, component, Technology, end-user, and country.

The market is segmented by type into Product Type and Service Type.

The product type dominated the market and is expected to register a CAGR of 6.4% over the forecast period.

The market is segmented by component into 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 3.8% over the forecast period.

The market is segmented by technology into Active and Passive Fire Protection.

Active Fire Protection dominated the market and is expected to register a CAGR of 4.9% over the forecast period.

The market is segmented by end-user into Commercial, Residential, and Industrial.

The Commercial dominated the market and is expected to register a CAGR of 6.5% over the forecast period.

Regional Analysis

The North America fire sprinkler market is segmented by country into U.S. and Canada. The U.S. dominates the country market and is expected to grow at a CAGR of 6.3% during the forecast period.

The North American fire sprinkler market is expected to expand steadily due to a rise in the region's demand for fire protection systems, notably in the commercial and industrial sectors, this has occurred.

The U.S.

Strict government enforcement of building standards and safety rules drives the market and demand for fire sprinklers in the area. The National Fire Protection Association (NFPA) has enforced sprinkler installation in some building types, such as high-rises and institutions. Additionally, the market is witnessing the emergence and establishment of several significant players through mergers, partnerships, and strategic alliances. In 2020, Johnson Controls will strengthen its position as a leading water and flow control solution provider in North America by acquiring Bermad Water Technologies.

Canada

Sophisticated sprinkler systems outfitted with cutting-edge technologies such as smart sensors and Internet of Things (IoT) connectivity are gaining popularity in Canada. These systems can detect fires early on and activate sprinklers automatically. This reduces the amount of damage inflicted by the fire. In the coming years, the fire sprinkler market is anticipated to be driven by the rising demand for fire safety equipment and the implementation of stringent government safety regulations and building standards.

Recent Developments

• March 2023- Reliable Automatic Sprinkler Co. Inc. announced plans to enlarge its New Jersey manufacturing site.
• Feb 2023- Fireflex introduced a new series of fire sprinklers with improved efficiency and performance. The new sprinklers can put out fires faster and use less water.

North America Fire Sprinkler Market Segmentation

By Components

• Stop Value
• Alarm Value
• Fire Sprinkler Head
• Alarm Test Value
• Motorized Alarm Bell 

By Types

• Product
• Service

By Technology

• Active Fire Protection
• Passive Fire Protection

By End-User 

• Commercial
• Residential
• Industrial

 By Country 

• The U.S.
• Canada