Automatic Fire Sprinkler Systems Market - Global Industry Analysis and Forecast to 2020 by PMR

Persistence Market Research Pvt. Ltd has released new forthcoming report on "Automatic Fire Sprinkler Systems Market: Global Industry analysis and Forecast to 2020."

New York, NY, February 06, 2015 --( Fire sprinkler systems are used as one fire protection measure. Fire sprinkler systems consist of a water supply system, providing required pressure and flow to the water distribution piping system where the fire sprinklers are connected. Sprinklers systems are majorly installed by building codes or on the recommendation of an insurance company to reduce loss of property or potential business damage. Buildings having more than 100 people or a place where people stay overnight such as hotels, nursing homes, dormitories and hospitals are equipped with automatic fire sprinkler system under local building codes.

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In the past, automatic fire sprinkler systems were only used in commercial buildings or factories to protect properties or potential business loss. Recently, automatic fire sprinkler systems have gained importance in hotels, motels, residential buildings and other similar institutions. According to working systems, automatic fire sprinkler systems can be bifurcated into wet (used in residential buildings), dry (used in the cold weather region), deluge and pre-action sprinklers systems. Commercial and residential are the major end-users of automatic fire sprinklers systems. Other end-users include hotels, motels, nursing homes, dormitories, hospitals and other similar institutions.

North America has the largest market share for automatic fire sprinklers systems, followed by Europe and Asia-Pacific. North America is expected to maintain its dominance in the forecast period. The U.S. market alone holds the largest market globally accounting for more than one third of the global market. The Asia-Pacific region is expected to witness double digit growth in the coming future. Developing countries such as India and China may boost the Asian automatic fire sprinklers systems market.

An increasing number of fire related deaths and loss of property is driving the global automatic fire sprinklers system market. Additionally, government regulations coupled with insurance company recommendation to equipped commercial, residential or other similar building with proper fire security system to protect loss of property is driving the global market to some extent. In 1990 the U.S. government passed an act, “The Hotel and Motel Safety Act” which requires that any hotel, motel, meeting hall and similar places which receives federal monetary benefits (government traveler’s overnight stay or for a conference) must meet the required fire and other safety measures. Since then automatic fire sprinklers systems demand has increased in major developed countries.

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