Sprinkler systems are still currently the most common and effective fire protection systems. With millions of installations around the world, statistics demonstrate that fewer than 3 sprinkler heads are enough to control 50% of fires, and 9 are enough to control more than 80%.
Although the purpose of a sprinkler system is not to directly protect the people involved but to control the fire, by preventing the fire from spreading and allowing the emergency teams to intervene safely, it still guarantees high effectiveness in terms of occupant protection.
The global fire sprinkler heads market size is anticipated to be worth USD 743.6 million in 2022. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 832.5 million by 2028 with a CAGR of 1.9 % during the forecast period. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
A fire sprinkler is also called a sprinkler head. It forms an important part of the fire sprinkler system. It discharges water after the effects of a fire gets detected.
When the predetermined temperature exceeds, the fire sprinkler goes off. These are very extensively used everywhere.
A lot of changes are seen in the market very often. These changes help in the development of the global fire sprinkler market. Fire sprinkler heads are used invarious places and they have a lot of applications in different fields. This is considered as the latest trend in the market.
An increase in the construction activities acts as a boosting factor. The strict rules regarding the installation of these equipments for safety measures has increased the demand for the product. These factors are considered as the factors driving the market growth.
Covid-19 Impact: Sudden Decrease in The Outdoor Activities During The Pandemic Decreased The Market Growth
The pandemic of COVID-19 not only affected the markets all over the world, but also became a threat to the life of many people. The threat exposed by the pandemic to the lives of people made all of them follow social distancing norms. Lockdowns were imposed, which made it difficult for people to commute from one place to another.
As a result, there was a sudden decrease in all the out-door activities. The probability of fire accidents happening also became very less which resulted in the decline of the global fire sprinkler heads market share.
DRIVING FACTORS
"Rapid growth and development of construction industry globally to Fasten the Market Growth"
One of the fastest growing and flourishing industries across the globe is the construction industry. Many buildings and infrastructures are under the construction process. An increase in the construction activities acts as a boosting factor to propel the fire sprinkler market growth.
Big infrastructures like school buildings, malls, and apartments are getting constructed everywhere. All of these infrastructures require safety and protection against hazardous fire accidents. With the increase in construction and building activities the installment of fire sprinkler head systems is increasing day by day. All of these factors have increased the growth of the global fire sprinkler heads market.
"Strict government rules regarding the installation of fire sprinkler heads systems to Propel Market Growth "
Along with the increase in the construction activities, across the globe the strict government rules regarding the installation of fire sprinkler heads system in concern of safety has become a major factor in increasing the market growth.
New rules and regulations for the design, development, and installation of fire sprinkler especially in government offices and buildings to enhance the safety has increased the sales of the equipment. Some of the other factors that have positively impacted the market include smart building, Building Information Modeling (BIM), advanced sensors, Internet of Things (IoT), and, alarms. This has contributed to the overall development of the market.
RESTRAINING FACTOR
"Unavailability of Skilled Workers for The Operation of This Equipment to Decrease the Market Growth"
Fire sprinkler systems require a lot of skilled professionals to handle them at the required time and situation. Only then the fire sprinkler heads can be operated efficiently. Design, commissioning, installation, and also the testing of sprinklers requires highly trained professionals. In case skilled professionals are not available for handling these equipments it can act as a major factor restraining the market growth.
Raw materials are very necessary for the manufacturing of fire sprinkler heads system. Stability in the prices of raw materials will help the manufacturers to easily produce the required equipments. However, the constant fluctuation of price of raw materials like plastic, steel, and aluminum can hamper the market growth. This can restrain the market growth.
