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Fire Sprinkler Market Worth $11.04 Billion by 2020


News provided by

MarketsandMarkets

05 Jun, 2015, 17:30 GMT

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DALLAS, June 5, 2015 /PRNewswire/ --

According to a new market research report "Fire Sprinkler Market by Type (Product (Wet, Dry, Pre-action, Deluge), Service (Installation, Inspection & Managed)), Component (Fire Sprinkler Head, Alarm Bell), Application (Commercial, Industrial, Residential), and Geography - Forecast to 2020," published by MarketsandMarkets, the total Fire Sprinkler Market is expected to reach $11.04 Billion by 2020, at a CAGR of 9.36% between 2015 and 2020.

Browse 86 market data Tables and 100 Figures spread through 211 Pages and in-depth TOC on "Fire Sprinkler Market"

http://www.marketsandmarkets.com/Market-Reports/fire-sprinkler-system-market-3646511.html

Early buyers will receive 10% customization on this report. 

The increasing installations of fire sprinkler systems along with, the collaborative efforts of federal custodians and tenants, private sector building owners, Fire Protection Programs (FPPs) within the Labor Program at Human Resources, Skills Development Canada (HRSDC), and local fire service agencies in developed countries are propelling the growth of the fire sprinkler market. The National Fire Protection Association (NFPA) has been working towards globally standardizing the rules for fire protection which reduces the risk and effects associated with fire, thereby encouraging the adoption of fire sprinkler systems. However, as in the case of any advanced technology, these systems also face challenges related to effective design and maintenance but engineers are working towards resolving these issues. Various market players are taking several initiatives to overcome these issues and provide highly effective solutions for end-users.

Speak to Analyst:  http://www.marketsandmarkets.com/speaktoanalyst.asp?id=3646511

The global Fire Sprinkler Market is expected to grow from $6.47 Billion in 2014 to $11.04 Billion by 2020, at a CAGR of 9.36% between 2015 and 2020. This growth is largely attributed to the rise in fire protection expenditure of various enterprises and increase in fire related deaths and loss of property. Various norms of government agencies for installing fire sprinklers in commercial, residential, and industrial areas are also expected to foster the growth of the fire sprinkler market.

The global fire sprinkler market report describes the market trends, drivers, and challenges with respect to the fire sprinkler market and forecasts the market till 2020. The said market has been segmented on the basis of type, product, services, component, application, and geography. This global report provides a bird's eye-view of the market across the regions of North America, Europe, Asia-Pacific, and RoW (rest of the world). North America is the largest market for fire sprinklers and is expected to continue to hold the largest market size till 2020. The region has been further segmented into the U.S., Canada, and others wherein, the U.S. occupies the major market share in the region. APAC and Europe are also considered to be promising markets, with countries such as Germany and the U.K. in Europe, and China and South Korea in APAC expected to register a high rate of growth.

The competitive landscape of the market provides valuable information about the various players in the fire sprinkler market. The global fire sprinkler market report profiles 10 promising players in the market and further details their business overview, product portfolio, recent developments, and key strategies adopted by the same. The market is witnessing new product developments, partnerships, agreements, and mergers & acquisitions across the value chain and between companies.

The major players in the global fire sprinkler market include Tyco (Switzerland), API Group, Inc. (U.S.), Honeywell International, Inc. (U.S.), Johnson Controls, Inc. (U.S.), United Technologies Corporation (U.S.), Hochiki Corporation (Japan), Robert Bosch GmbH (Germany), Siemens AG (Germany), Minimax GmbH & Co. KG (Germany), and VT MAK (U.S.)

Browse related reports 

Fire Protection Systems Market by Technology (Active & Passive), Products (Fire Detectors, Sprinklers, Extinguishers, Alarms), Services, Verticals (Oil, Gas and Mining, Manufacturing), and Geography - Analysis and Forecast to 2013 - 2020

http://www.marketsandmarkets.com/Market-Reports/fire-protection-systems-market-1018.html

Building Automation & Controls Market by Product Segment (Lighting control, HVAC control, Security & Access control), Application Vertical (Residential, Commercial, and Industrial), and Geography (North America, Europe, APAC, and ROW) - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/building-automation-control-systems-market-408.html

About MarketsandMarkets  

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
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Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @  http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
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