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Technavio has released a new market research report on the automatic fire sprinkler systems market in the US for the period 2018-2022. (Graphic: Business Wire)
A key driver for the automatic fire sprinkler systems market in the US is the increasing awareness about the benefits of installing an automatic fire sprinkler system. In 2016, around 3390 people died in 1,342,000 reported cases of fire in the US, according to NFPA. The structure fires accounted for over 35% of the incidents and caused 87% of the deaths. The property damage was also high in case of structure fires. The residential fires caused around 80% deaths in the US in 2016. Hence, many commercial and industrial buildings in the US have installed automatic fire sprinkler systems.
This research report on the also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the introduction of automatic fire sprinkler systems activated by thermal radiation as one of the key trends in the automatic fire sprinkler systems market in the US:
Automatic fire sprinkler systems market in the US: Introduction of automatic fire sprinkler systems activated by thermal radiation
Traditionally, the fire sprinkler systems were installed on ceilings. These sprinklers get activated when the sprinkler head reaches the activation temperature. The fire sprinklers do not get activated in some cases despite the presence of fire as the heat from the fire does not reach the sprinkler head due to the height of the ceiling. This has resulted in the vendors developing a new type of automatic sprinkler system that gets activated by thermal radiation.
“The intensity of thermal radiation required to activate such automatic sprinkler systems does not get impacted by the height of the ceiling or the air movement pattern. They are useful in open storage facilities or high-ceiling buildings. The rising commercialization of this technology will drive the growth of the automatic fire sprinkler systems market in the US,” says a senior research analyst at Technavio.
Automatic fire sprinkler systems market in the US: Segmentation analysis
This report on the automatic fire sprinkler systems market in the US segments the market by application (commercial, residential, and industrial), product (wet pipe systems, dry pipe systems, deluge, pre-action, and services), and geography (the Americas, APAC, and EMEA).
The wet pipe systems segment held the largest automatic fire sprinkler systems market share in 2017, accounting for around 44% of the market. This product segment is expected to dominate the market throughout the forecast period.
The commercial segment led the market in 2017 with more than 50% of the market share, followed by residential and industrial segment respectively. The commercial segment is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market ecosystemMarket characteristicsMarket segmentation analysis
Market definitionMarket size and forecast
Five Forces Analysis
Regional comparisonKey leading countries
Vendors coveredVendor classificationMarket positioning of vendorsCompetitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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CONTACT: Technavio Research
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INDUSTRY KEYWORD: BUILDING SYSTEMS CONSTRUCTION & PROPERTY
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 12/06/2018 08:49 AM/DISC: 12/06/2018 08:48 AM