Global Fire Sprinkler Systems Market Size & Outlook
Global fire sprinkler systems market, 2017-2030 (US$M)
Related Markets
Global fire sprinkler systems market highlights
- The global fire sprinkler systems market generated a revenue of USD 8,110.5 million in 2022 and is expected to reach USD 15,108.2 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 8.1% by 2030.
- In terms of segment, product accounted for a revenue of USD 5,937.0 million in 2022.
- Product is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 8,110.5 million |
| Market revenue in 2030 | USD 15,108.2 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Product |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 29.4% of the global fire sprinkler systems market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 253.6 million by 2030.
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Fire Sprinkler Systems Market Scope
Fire Sprinkler Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global fire sprinkler systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fire sprinkler systems market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 73.2% in 2022. Horizon Databook has segmented the Global fire sprinkler systems market based on product, service covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Fire Sprinkler Systems Component Outlook (Revenue, USD Million, 2017-2030)
- Product
- Wet-pipe Sprinkler System
- Dry-pipe Sprinkler System
- Pre-action Sprinkler System
- Deluge Sprinkler System
- Service
- Product
- Global Fire Sprinkler Systems End Use Outlook (Revenue, USD Million, 2017-2030)
- Residential
- Commercial
- Industrial
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fire sprinkler systems market, including forecasts for subscribers. This global databook contains high-level insights into Global fire sprinkler systems market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global fire sprinkler systems market report size, by regions, 2017-2030 (US$M)
Top 10 countries: Fire sprinkler systems market report size, 2022 (US$M)
Global fire sprinkler systems market report share, by component, 2022 & 2030 (%, US$M)
Fire sprinkler systems market: Opportunity assessment by country
Global fire sprinkler systems market, by region, 2022 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,640.9 | 1,798.1 | 1,964.9 | 2,020.1 | 2,196.6 | 2,383.4 | 2,581.4 | 2,791.9 | 3,016.2 | 3,256.0 | 3,513.2 | 3,788.1 | 4,081.8 | 4,395.2 | 8.0% |
| Europe | 1,543.1 | 1,680.4 | 1,825.2 | 1,865.5 | 2,016.9 | 2,176.5 | 2,344.9 | 2,523.3 | 2,712.6 | 2,914.6 | 3,130.8 | 3,361.4 | 3,607.2 | 3,869.0 | 7.5% |
| Asia Pacific | 1,365.4 | 1,517.5 | 1,682.3 | 1,755.1 | 1,937.0 | 2,133.7 | 2,346.7 | 2,577.9 | 2,829.5 | 3,103.9 | 3,404.1 | 3,731.8 | 4,089.1 | 4,478.6 | 9.7% |
| Latin America | 352.8 | 382.1 | 412.9 | 419.8 | 451.5 | 484.7 | 519.5 | 556.2 | 594.9 | 636.0 | 679.8 | 726.2 | 775.4 | 827.5 | 6.9% |
| MEA | 692.6 | 747.2 | 804.1 | 814.1 | 872.1 | 932.3 | 995.1 | 1,060.9 | 1,129.9 | 1,202.7 | 1,279.9 | 1,361.4 | 1,447.3 | 1,537.9 | 6.5% |
| Overall | 5,594.8 | 6,125.4 | 6,689.4 | 6,874.5 | 7,474.1 | 8,110.5 | 8,787.6 | 9,510.2 | 10,283.1 | 11,113.3 | 12,007.8 | 12,968.9 | 14,000.8 | 15,108.2 | 8.1% |
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