Automatic Fire Sprinkler Systems Market in the US 2018-2022

Automatic Fire Sprinkler Systems Market in the US 2018-2022

  • November 2018 •
  • 113 pages •
  • Report ID: 5658055 •
  • Format: PDF
About this market

These automatic fire sprinkler systems are activated by the thermal radiation instead of high temperature, this will propel the growth of automatic fire sprinkler systems market in the US during the forecast period. To avoid problems such as excess height of ceiling, the market players have developed a new type of automatic sprinkler system, that gets activated by thermal radiation instead of high temperature. Therefore, the increasing commercialization of this technology is expected to drive the growth of the automatic fire sprinkler systems market in the US at a CAGR of over 7% during the forecast years.

Market Overview
Increasing awareness about benefits of installing automatic fire sprinkler system
The increasing number of injuries and property damages per reported incident were high in structure fire incidents. Among incidents of structures fires, residential fires were the major cause of loss of lives. Many commercial and industrial buildings in the US have installed automatic fire sprinkler systems because of the building codes mandated by the NFPA and the AHJ.
Potential cause of damage to property and corrosion in pipeline
Although installing automatic fire sprinkler systems has potential benefits, the drawbacks discourage many low risk averse homeowners. The homeowners do not opt for automatic fire sprinkler systems unless there are substantial benefits or financial incentives such as subsidies on the annual property insurance premium. This will hamper the market growth during our forecast period.
For the detailed list of factors that will drive and challenge the growth of the automatic fire sprinkler systems market in the US during the 2018-2022, view our report.

Competitive Landscape
The automatic fire sprinkler systems market in the US is moderately fragmented owing to the presence of several market players. The vendors in the market are developing a new type of automatic sprinkler system that gets activated by thermal radiation instead of high temperature. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.