DUBLIN, July 15, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Fire Sprinklers Market 2016-2020" report to their offering.
The global fire sprinkler market to grow at a CAGR of 9.17% during the period 2016-2020.
Among the different sectors of construction, the demand for fire sprinklers is comparatively high in the commercial, infrastructure, and industrial construction sectors. Electrical equipment and other flammable components that are used in complex and heat-intensive processes are being dealt with extra care to avoid any untoward instances.
One trend propelling growth in this market is the use of advanced technologies. Vendors focus on manufacturing sprinkler systems with advanced technologies. For instance, water mist technology was being used in the early 1980s in the US. However, high-pressure water mist can be used in museums, hotels, and data centers, apart from industrial buildings.
According to the report, one driver spurring growth in this market is the cost benefits of sprinkler systems. The domestic sprinkler system is available at a low cost, with a price range similar to that of a domestic smoke alarm. The cost per life saved by a fire sprinkler system is lesser than that of smoke alarms. The sprinkler system and smoke alarm can be effective in reducing the number of expected fire deaths per year.
Further, the report states that the risks associated with the corrosion of sprinkler pipes will hinder market growth during the predicted period. Sprinkler pipes are prone to corrosion, affecting the operation and performance of the system. Uncontrolled corrosion clogs pipe and control valves, leading to reduced water flow from the sprinklers, while discovered corrosion impacts the performance reliability.
- Minimax Viking
- Tyco International
- United Technologies
Other prominent vendors
- Automatic Fire Sprinklers
- Century Fire Sprinklers
- Cosco Fire Protection
- DIBOCO Fire Sprinklers
- Global Fire Sprinklers
- Prairie Fire Sprinklers
- REDA Fire & Safety
- Rollins Fire Sprinklers
- Wayne Automatic Fire Sprinklers
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product type
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Summary of key figures
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/c7b4nh/global_fire
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SOURCE Research and Markets