Research and Markets - Global Wet Fire Sprinkler Systems Market CAGR Growth of 9.5% by 2020 - Trends, Technologies & Opportunities Report 2016-2020 - Key Vendors: Tyco International, Minimax Viking, Reliable Automatic Sprinkler

DUBLIN, August 19, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Wet Fire Sprinkler Systems Market 2016-2020" report to their offering.

The global wet fire sprinkler systems market is forecast to grow at a CAGR of 9.5% during the period 2016-2020.

Commenting on the report, an analyst from the research 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.

Questions Answered:

• 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?
• 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?

Companies Mentioned:

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

Report Structure:

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 analysis

PART 07: Market segmentation by application

PART 08: Geographical segmentation

PART 09: Impact of macroeconomic factors

PART 10: Market drivers

PART 11: Impact of drivers

PART 12: Market challenges

PART 13: Impact of drivers and challenges

PART 14: Market trends

PART 15: Vendor landscape

PART 16: Appendix

PART 17: About the Author

For more information about this report visit http://www.researchandmarkets.com/research/6ntjnn/global_wet_fire

Related Topics: Fire Protection Materials and Devices

Media Contact:

Laura Wood, Senior Manager

[email protected] 

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com