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Global Wet Fire Sprinkler Systems Market 2016-2020

Global Wet Fire Sprinkler Systems Market 2016-2020

About Wet Fire Sprinkler Systems

Wet fire sprinkler systems have fire sprinklers attached to a piping system containing water. The system is designed to detect heat from the fire and operate at a predetermined temperature to discharge water immediately in case of fire. They are the most commonly used sprinkler systems, especially in residential homes and buildings, eating and drinking establishments, hotels and motels, academic institutions, and other places.

Technavio’s analysts forecast the global wet fire sprinkler systems market to grow at a CAGR of 9.5% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global wet fire sprinkler systems market for 2016-2020. To calculate the market size, Technavio considers the sales of fire sprinklers in wet pipe fire sprinkler systems, including the cost of installation.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Wet Fire Sprinkler Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Global Fire Sprinkler
  • Minimax Viking
  • Reliable Automatic Sprinkler
  • Siemens
  • Tyco
  • United Technologies
Market driver
  • Government incentives on installation of wet fire sprinklers
  • For a full, detailed list, view our report
Market challenge
  • Corrosion of sprinkler pipes
  • For a full, detailed list, view our report
Market trend
  • Legislations in support of installation of fire sprinklers
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Wet Fire Sprinkler Systems Market 2016-2020

Technavio recognizes the following companies as the key players in the global wet fire sprinkler systems market: Global Fire Sprinkler, Minimax Viking, Reliable Automatic Sprinkler, Siemens, Tyco International, and United Technologies

Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be decline in cost of installing fire sprinkler systems. In 2015, the cost of installing wet fire sprinklers in the newly constructed home was $1.30 per square foot, compared to $1.61 in 2008. In other words, it costs around 0.98% of the total construction cost, which includes the cost associated with design, installation, additional equipment, electrical work, and permits. One of the major factors for the decline in the installation cost is advances in fire sprinkler systems such as the availability of the more flexible piping system and extended coverage sprinklers.”

According to the report, one of the key drivers for market growth will be the proposed Fire Sprinkler Incentive Act. Fire Sprinkler Incentive Act was first proposed in both the House and Senate in 2003 in the US, which amend the 1986 Internal Revenue Code by classifying automatic fire sprinkler system retrofits as either a Section 179 depreciation deduction or a 15-year property for purposes of depreciation. Currently, the tax depreciation time for fire sprinkler retrofit is 39-years for commercial building and 27.5 years for residential building. This Act is supported by Congressional Fire Services Institute (CFSI) and was drafted in response to the station nightclub fire that killed 100 people in Rhode Island.

Further, the report states that need for continuous support and maintenance will be a challenge for the market. Customers expect constant support and services for sprinkler systems, improved performance and quality, and enhanced efficiency. However, when vendors are not able to meet such expectations, it can lead to customer dissatisfaction. Some vendors hire third-party vendors to provide aftersales services and support to customers that can also fail to meet customer expectations. It is crucial that vendors select the right third-party service providers to provide constant support and attain operational excellence.

Companies Mentioned

Global Fire Sprinkler, Minimax Viking, Reliable Automatic Sprinkler, Siemens, Tyco International,United Technologies

  • Executive summary
    • Highlights
  • Scope of the report
    • Base year
    • Market coverage
    • Market size calculation
    • Geographical segmentation
      • Table Major countries covered
    • Vendor segmentation
      • Table Key vendors
    • Common currency conversion rates
      • Table Common currency conversion rates 2013-2015
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Key advantages and disadvantages of wet pipe fire sprinkler systems
    • Workflow of fire sprinkler systems
    • Technical specifications of fire sprinkler systems
      • Table Temperature rating for glass bulb heads
      • Table Types of sprinklers based on response time indicator
    • Sprinkler spacing
      • Table Fire sprinkler system spacing requirement based on National Fire Protection Association (NFPA)
    • Installation of fire sprinkler systems
    • Types of fire sprinkler systems
      • Table Key advantages and disadvantages of dry pipe fire sprinkler systems
      • Table Key advantages and disadvantages of deluge fire sprinkler systems
      • Table Key advantages and disadvantages of pre-action fire sprinkler systems
  • Market landscape
    • Market overview
      • Table Average number of fires per year in countries 2010-2014
      • Table Average number of fire deaths per year in different countries 2010-2014
      • Table Extent of fire spread in residential buildings 2015
      • Table Global residential construction market 2015-2020 ($ billions)
  • Market analysis
    • Market size and forecast
      • Table Global wet fire sprinkler systems market 2015-2020 ($ billions)
      • Table Fire related deaths and injuries by countries 2014
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table List of standardized bodies providing certification for fire suppression products and systems
    • Table Wet fire sprinkler systems certification 2015
    • Table List of products of major wet fire sprinkler manufacturers certified by different certification bodies
  • Geographical segmentation
    • Table Global wet fire sprinkler systems market by geography 2015-2020
    • Americas
      • Table Wet fire sprinkler market in Americas 2015-2020 ($ billions)
    • EMEA
      • Table Wet fire sprinkler systems market in EMEA 2015-2020 ($ billions)
    • APAC
      • Table Wet fire sprinkler systems market in APAC 2015-2020 ($ billions)
      • Table Number of fire accidents and deaths in India 2010-2014
      • Table Major causes of fire fatalities in India 2010-2014
      • Table Number of fire fatalities and economic losses in China 2013-2015
  • Impact of macroeconomic factors
    • Currency exchange rate
      • Table Historic data on exchange rate of various currencies in USD
    • Inflation
      • Table Inflation rate 2011-2015
    • Interest rate
      • Table Impact of interest rates on investment projects
  • Market drivers
    • Government incentives on installation of wet fire sprinklers
      • Table Status of sprinkler requirement in US
    • Proposed Fire Sprinkler Incentive Act
    • Advances in wet fire sprinkler systems
      • Table Types of wet fire sprinklers from Tyco
    • Increase in construction activities worldwide
      • Table Hotels under construction by region 2015
      • Table Investment in global airport construction sector by region 2015 ($ billions)
      • Table Investment in global rail infrastructure construction 2015-2020 ($ billions)
    • Growing awareness of potential benefits of fire sprinklers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Corrosion of sprinkler pipes
    • Technical issues
    • Need for continuous support and maintenance
    • Need for constant training and awareness programs
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Legislations in support of installation of fire sprinklers
      • Table Legislation on installation of fire sprinklers by countries
    • Increased adoption of water mist suppression systems
    • Development of fire suppression with HI-FOG technology
    • Decline in cost of installing fire sprinkler systems
      • Table Cost of installing wet fire sprinkler system 2015 ($)
  • Vendor landscape
    • Competitive scenario
      • Table Competitive scenario in 2020
  • Appendix
    • List of abbreviations
  • Explore Technavio

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