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Fire Sprinkler Systems Market Share

Report ID: GMI9483
Published Date: May 2024
Report Format: PDF

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Fire Sprinkler Systems Market Share

Johnson Controls and Honeywell HBT held over 10% share of the fire sprinkler systems industry in 2023. Johnson Controls offers a comprehensive suite of products and services aimed at protecting life and property from the ravages of fire. Its fire sprinkler systems are designed to automatically detect and extinguish fires in their early stages, effectively suppressing the spread of flames and minimizing damage.

Honeywell HBT offers innovative solutions that prioritize safety and efficiency. Honeywell HBT has established itself as a leading provider of advanced fire detection and suppression systems including fire sprinkler systems.

Fire Sprinkler Systems Market Companies

Major players operating in the fire sprinkler systems industry are:

Johnson Controls
Honeywell HBT.
Viking Group Inc.
HD Fire Protect Pvt. Ltd.
Minimax GmbH & Co. KG
Rapidrop Global Ltd.
Potter Electric Signal Company, LLC

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of fire sprinkler systems was reached USD 11.52 billion in 2023 and is expected to register 8.6% CAGR from 2024 to 2032, owing to the introduction of advanced sensors and control systems allowing early detection and localized activation of sprinklers worldwide.

Fire sprinkler systems industry from the wet-pipe sprinkler system segment held over 42% share in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to increasing emphasis on fire safety regulations and standards across various industries.

Asia Pacific fire sprinkler systems industry is expected to register over 9.5% CAGR through 2032, due to increasing awareness of fire safety measures, stringent regulations, and the rising need for reliable fire protection solutions in the region.

Johnson Controls, Honeywell HBT., Viking Group Inc., HD Fire Protect Pvt. Ltd., Minimax GmbH & Co. KG, Rapidrop Global Ltd., and Potter Electric Signal Company, LLC, are some of the major fire sprinkler systems companies worldwide.