Dec 14, 2017   SOURCE: BusinessWire

Global Fire Sprinkler Systems Market - Analysis, Trends & Forecasts to 2021 - Research and Markets

The "Global Fire Sprinkler Systems Market 2017-2021" report has been added to Research and Markets' offering.

The analysts forecast the global fire sprinkler systems market to grow at a CAGR of 7.62% during the period 2017-2021.

The report, Global Fire Sprinkler Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is automation of fire safety systems. A recent trend in fire safety systems is the incorporation of fire safety alarms with building automation systems that provide a better response during fire accidents. During a fire, the lift doors in a building are generally closed and the power system is shut down to prevent the fire from spreading. Furthermore, automatic alarms and water sprayers are activated.

According to the report, one driver in the market is decline in insurance expenditure. NFPA's Fire Sprinkler Initiative has created one succinct resource that provides valuable information on insurance discounts for sprinklers. Fire sprinkler systems actively pay for themselves through lower insurance premiums. There is always a debate between the installation of a fireproofing system, which is cost-effective, and the installation of a fire sprinkler system. The insurance industry, unsurprisingly, is a significant backer of sprinkler use. Anything that protects assets and is likely to cause less damage, therefore a smaller claim, is likely to be popular. The installation of sprinklers will directly lead to a reduced premium somewhere in the order of 50%.

Key vendors

  • Hochiki
  • Minimax
  • NAFFCO
  • Tyco Fire Products

Other prominent vendors

  • Cosco Fire Protection
  • Globe Fire Sprinkler
  • HD Fire Protect
  • Reliable Automatic Sprinkler
  • Siemens
  • United Technologies
  • Victaulic
  • Viking

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation By Product

Part 09: Market Segmentation By End-User

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/z7bm3k/global_fire