Automatic Fire Sprinkler System Manufacturing
Over the five years to 2017, the rapid expansion in domestic construction markets has boosted sales of sprinkler systems, which has helped the Automatic Fire Sprinkler System Manufacturing industry grow. Significant growth in the values of both residential and nonresidential construction have enabled the industry to experience revenue growth over the past five years, as sprinkler systems are now required in the construction of most new apartments, condominiums and other multiunit residential dwellings, as well as most new commercial construction projects. Over the five years to 2022, the industry is expected to continue to grow, as these favorable conditions are forecast to hold. New nonresidential construction and increased retrofitting of existing structures will provide operators a growing stream of revenue from its key market, while increased awareness of the benefits of fire suppression systems within the home has the potential to increase demand from residential construction.
This industry manufactures fire-protection systems that use automatic sprinklers. These systems typically consist of a network of pipes connected to a building’s water supply. Industry products include devices that detect fire and automatically release water to combat the flames. The industry does not include revenue generated from the actual installation and maintenance of sprinkler systems in buildings.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.