The North America Fire Sprinkler Systems Market would witness market growth of 7.1% CAGR during the forecast period (2023-2030).
A fire sprinkler is an aspect of fire protection. Residential properties, hospitals, manufacturing facilities, office spaces, schools, colleges, and sports stadiums use these types of fire protection systems for the protection and safety of assets and human lives. Fire sprinklers can catch fires at an early stage, thus restricting their spread with minimal water utilization. Due to the growth in the construction industry, the market has experienced significant expansion. This growth is primarily attributable to the ongoing urbanization process, which has spurred a surge in construction activities across various sectors, including residential and commercial structures, industrial facilities, and infrastructure improvements. As these construction projects advance, fire safety becomes a greater priority, resulting in a notable rise in the use of fire sprinkler systems.
Multiple governments invest significantly in infrastructure development, including railways, roads, and airports. Due to the increasing global awareness and significance of fire safety, the demand for efficient fire sprinklers has risen. This growing awareness has been fuelled by increased fire-related incidents and the subsequent loss of life and property they cause. This increased awareness has contributed to the growth and development of the fire protection industry. Rather than relying solely on firefighting techniques, people are emphasizing a proactive approach to fire prevention. They admit the greatest importance of preventing fires and minimizing their destructive effects. Consequently, fire sprinkler systems have become a prominent form of fire protection. This transformation in perspective has paved the way for the widespread adoption and use of these systems across various industries.
According to the US Fire Administration, the total number of fires in 2021 was 1,353,500. Residential was the leading property witnessing fire deaths (70.9%), fire injuries (74.1%), and loss caused due to fire (47.3%). The growing number of residential fires in the United States has the potential to expand the market, particularly in the residential sector. This trend highlights the importance of fire safety in homes and underscores the need for adequate fire suppression systems.
According to Statistics Canada, residential building construction costs increased 1.9% in the second quarter of 2023, following 1.8% growth in the previous quarter. Meanwhile, non-residential building construction costs rose 1.5% in the second quarter, following a 1.7% increase in the previous quarter. The construction boom in Canada, whether in the residential or non-residential sector, creates a fertile ground for the growth of the market. As the country continues prioritizing safety, building codes, and sustainable practices, the demand for fire protection solutions, including fire sprinkler systems, is expected to remain strong. The aforementioned factors will expand the market across the region.
The US market dominated the North America Fire Sprinkler Systems Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,363.1 Million by 2030. The Canada market is exhibiting a CAGR of 9.5% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 8.6% during (2023 - 2030).
Based on Component, the market is segmented into Product and Services. Based on End-use, the market is segmented into Commercial, Industrial and Residential. Based on Product, the market is segmented into Wet Pipe Sprinkler System, Dry Pipe Sprinkler System, Pre-action Sprinkler System and Deluge Sprinkler System. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Fire Sprinkler Systems Market is Predict to reach $14.5 Billion by 2030, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include HD Fire Protect Pvt. Ltd., Honeywell International, Inc., Minimax Fire Solutions International GmbH (Minimax Viking GmbH), Potter Electric Signal Company, LLC, Rapidrop Global Ltd., The Reliable Automatic Sprinkler Co., Inc., GW Sprinkler A/S, Victaulic, Johnson Controls International PLC, and Robert Bosch GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Component
By End-Use
- Commercial
- Industrial
- Residential
By Product
- Wet Pipe Sprinkler System
- Dry Pipe Sprinkler System
- Pre-action Sprinkler System
- Deluge Sprinkler System
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- HD Fire Protect Pvt. Ltd.
- Honeywell International, Inc.
- Minimax Fire Solutions International GmbH (Minimax Viking GmbH)
- Potter Electric Signal Company, LLC
- Rapidrop Global Ltd.
- The Reliable Automatic Sprinkler Co., Inc.,
- GW Sprinkler A/S
- Victaulic
- Johnson Controls International PLC
- Robert Bosch GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Fire Sprinkler Systems Market, by Component
1.4.2 North America Fire Sprinkler Systems Market, by End-Use
1.4.3 North America Fire Sprinkler Systems Market, by Product
1.4.4 North America Fire Sprinkler Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Fire Sprinkler Systems Market by Component
4.1 North America Product Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Fire Sprinkler Systems Market by End-use
5.1 North America Commercial Market by Country
5.2 North America Industrial Market by Country
5.3 North Residential Market by Country
Chapter 6. North America Fire Sprinkler Systems Market by Product
6.1 North America Wet Pipe Sprinkler System Market by Country
6.2 North America Dry Pipe Sprinkler System Market by Country
6.3 North America Pre-action Sprinkler System Market by Country
6.4 North America Deluge Sprinkler System Market by Country
Chapter 7. North America Fire Sprinkler Systems Market by Country
7.1 US Fire Sprinkler Systems Market
7.1.1 US Fire Sprinkler Systems Market by Component
7.1.2 US Fire Sprinkler Systems Market by End-use
7.1.3 US Fire Sprinkler Systems Market by Product
7.2 Canada Fire Sprinkler Systems Market
7.2.1 Canada Fire Sprinkler Systems Market by Component
7.2.2 Canada Fire Sprinkler Systems Market by End-use
7.2.3 Canada Fire Sprinkler Systems Market by Product
7.3 Mexico Fire Sprinkler Systems Market
7.3.1 Mexico Fire Sprinkler Systems Market by Component
7.3.2 Mexico Fire Sprinkler Systems Market by End-use
7.3.3 Mexico Fire Sprinkler Systems Market by Product
7.4 Rest of North America Fire Sprinkler Systems Market
7.4.1 Rest of North America Fire Sprinkler Systems Market by Component
7.4.2 Rest of North America Fire Sprinkler Systems Market by End-use
7.4.3 Rest of North America Fire Sprinkler Systems Market by Product
Chapter 8. Company Profiles
8.1 Honeywell International, Inc. (Honeywell HBT)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Minimax Fire Solutions International GmbH (Minimax Viking GmbH)
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 Rapidrop Global Ltd.
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 Johnson Controls International PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental & Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Robert Bosch GmbH
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 SWOT Analysis
8.6 HD Fire Protect Pvt. Ltd.
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 Potter Electric Signal Company, LLC (Gryphon Investors, Inc.)
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 The Reliable Automatic Sprinkler Co., Inc.
8.8.1 Company Overview
8.8.2 SWOT Analysis
8.9 Victaulic
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. GW Sprinkler A/S
8.10.1 Company Overview
8.10.2 SWOT Analysis
TABLE 1 North America Fire Sprinkler Systems Market, 2019 - 2022, USD Million
TABLE 2 North America Fire Sprinkler Systems Market, 2023 - 2030, USD Million
TABLE 3 North America Fire Sprinkler Systems Market by Component, 2019 - 2022, USD Million
TABLE 4 North America Fire Sprinkler Systems Market by Component, 2023 - 2030, USD Million
TABLE 5 North America Product Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Product Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Services Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Services Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Fire Sprinkler Systems Market by End-use, 2019 - 2022, USD Million
TABLE 10 North America Fire Sprinkler Systems Market by End-use, 2023 - 2030, USD Million
TABLE 11 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Commercial Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 15 North Residential Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Residential Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Fire Sprinkler Systems Market by Product, 2019 - 2022, USD Million
TABLE 18 North America Fire Sprinkler Systems Market by Product, 2023 - 2030, USD Million
TABLE 19 North America Wet Pipe Sprinkler System Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Wet Pipe Sprinkler System Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Dry Pipe Sprinkler System Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Dry Pipe Sprinkler System Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Pre-action Sprinkler System Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Pre-action Sprinkler System Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Deluge Sprinkler System Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Deluge Sprinkler System Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Fire Sprinkler Systems Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Fire Sprinkler Systems Market by Country, 2023 - 2030, USD Million
TABLE 29 US Fire Sprinkler Systems Market, 2019 - 2022, USD Million
TABLE 30 US Fire Sprinkler Systems Market, 2023 - 2030, USD Million
TABLE 31 US Fire Sprinkler Systems Market by Component, 2019 - 2022, USD Million
TABLE 32 US Fire Sprinkler Systems Market by Component, 2023 - 2030, USD Million
TABLE 33 US Fire Sprinkler Systems Market by End-use, 2019 - 2022, USD Million
TABLE 34 US Fire Sprinkler Systems Market by End-use, 2023 - 2030, USD Million
TABLE 35 US Fire Sprinkler Systems Market by Product, 2019 - 2022, USD Million
TABLE 36 US Fire Sprinkler Systems Market by Product, 2023 - 2030, USD Million
TABLE 37 Canada Fire Sprinkler Systems Market, 2019 - 2022, USD Million
TABLE 38 Canada Fire Sprinkler Systems Market, 2023 - 2030, USD Million
TABLE 39 Canada Fire Sprinkler Systems Market by Component, 2019 - 2022, USD Million
TABLE 40 Canada Fire Sprinkler Systems Market by Component, 2023 - 2030, USD Million
TABLE 41 Canada Fire Sprinkler Systems Market by End-use, 2019 - 2022, USD Million
TABLE 42 Canada Fire Sprinkler Systems Market by End-use, 2023 - 2030, USD Million
TABLE 43 Canada Fire Sprinkler Systems Market by Product, 2019 - 2022, USD Million
TABLE 44 Canada Fire Sprinkler Systems Market by Product, 2023 - 2030, USD Million
TABLE 45 Mexico Fire Sprinkler Systems Market, 2019 - 2022, USD Million
TABLE 46 Mexico Fire Sprinkler Systems Market, 2023 - 2030, USD Million
TABLE 47 Mexico Fire Sprinkler Systems Market by Component, 2019 - 2022, USD Million
TABLE 48 Mexico Fire Sprinkler Systems Market by Component, 2023 - 2030, USD Million
TABLE 49 Mexico Fire Sprinkler Systems Market by End-use, 2019 - 2022, USD Million
TABLE 50 Mexico Fire Sprinkler Systems Market by End-use, 2023 - 2030, USD Million
TABLE 51 Mexico Fire Sprinkler Systems Market by Product, 2019 - 2022, USD Million
TABLE 52 Mexico Fire Sprinkler Systems Market by Product, 2023 - 2030, USD Million
TABLE 53 Rest of North America Fire Sprinkler Systems Market, 2019 - 2022, USD Million
TABLE 54 Rest of North America Fire Sprinkler Systems Market, 2023 - 2030, USD Million
TABLE 55 Rest of North America Fire Sprinkler Systems Market by Component, 2019 - 2022, USD Million
TABLE 56 Rest of North America Fire Sprinkler Systems Market by Component, 2023 - 2030, USD Million
TABLE 57 Rest of North America Fire Sprinkler Systems Market by End-use, 2019 - 2022, USD Million
TABLE 58 Rest of North America Fire Sprinkler Systems Market by End-use, 2023 - 2030, USD Million
TABLE 59 Rest of North America Fire Sprinkler Systems Market by Product, 2019 - 2022, USD Million
TABLE 60 Rest of North America Fire Sprinkler Systems Market by Product, 2023 - 2030, USD Million
TABLE 61 Key Information – Honeywell International, Inc.
TABLE 62 Key Information – Minimax Fire Solutions International GmbH
TABLE 63 Key Information – Rapidrop Global Ltd.
TABLE 64 Key Information – Johnson Controls International PLC
TABLE 65 Key Information – Robert Bosch GmbH
TABLE 66 Key Information – HD Fire Protect Pvt. Ltd.
TABLE 67 Key Information – Potter Electric Signal Company, LLC
TABLE 68 Key Information – The Reliable Automatic Sprinkler Co., Inc.
TABLE 69 Key Information – Victaulic
TABLE 70 Key Information – GW Sprinkler A/S
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Fire Sprinkler Systems Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Fire Sprinkler Systems Market
FIG 4 Porter’s Five Forces Analysis - Fire Sprinkler Market
FIG 5 North America Fire Sprinkler Systems Market share by Component, 2022
FIG 6 North America Fire Sprinkler Systems Market share by Component, 2030
FIG 7 North America Fire Sprinkler Systems Market by Component, 2019 - 2030, USD Million
FIG 8 North America Fire Sprinkler Systems Market share by End-use, 2022
FIG 9 North America Fire Sprinkler Systems Market share by End-use, 2030
FIG 10 North America Fire Sprinkler Systems Market by End-use, 2019 - 2030, USD Million
FIG 11 North America Fire Sprinkler Systems Market share by Product, 2022
FIG 12 North America Fire Sprinkler Systems Market share by Product, 2030
FIG 13 North America Fire Sprinkler Systems Market by Product, 2019 - 2030, USD Million
FIG 14 North America Fire Sprinkler Systems Market share by Country, 2022
FIG 15 North America Fire Sprinkler Systems Market share by Country, 2030
FIG 16 North America Fire Sprinkler Systems Market by Country, 2019 - 2030, USD Million
FIG 17 Swot analysis: Honeywell international, inc.
FIG 18 Swot analysis: Minimax Fire Solutions International GmbH
FIG 19 Swot analysis: Rapidrop Global Ltd.
FIG 20 Swot analysis: Johnson Controls International PLC
FIG 21 SWOT Analysis: Robert Bosch GmbH
FIG 22 Swot analysis: HD Fire Protect Pvt Ltd.
FIG 23 Swot analysis: Potter Electric Signal Company, LLC
FIG 24 Swot analysis: The Reliable Automatic Sprinkler Co., Inc.
FIG 25 Swot analysis: Victaulic
FIG 26 Swot analysis: GW Sprinkler A/S