Growing fire sprinkler systems market projected to reach USD 26.40 billion by 2032
From GlobeNewswire: 2025-06-26 09:15:00
The Fire Sprinkler Systems Market was valued at USD 11.49 billion in 2023 and is projected to reach USD 26.40 billion by 2032, with a CAGR of 9.68% from 2025 to 2032. Demand is driven by safety awareness, technological advancements, and urbanization, making fire sprinklers essential in modern construction practices.
Key market players include HD Fire Protect Pvt. Ltd., Minimax GmbH & Co. KG, Potter Electric Signal Company, and more, offering a range of fire protection products and services. The market report covers market size, segmentation, competitive landscape, and regional analysis, providing insights into the industry’s growth trajectory.
Fire sprinkler systems market is segmented by component and product, with products accounting for 74% of revenue in 2023. The services segment is expected to gain momentum from 2024 to 2032 due to the increasing need for maintenance and compliance with safety standards. Different types of sprinkler systems cater to various end-use applications.
The commercial segment dominated the fire sprinkler system market in 2023, while the residential sector is expected to witness the highest growth rate from 2024 to 2032. North America led the market in 2023, with Asia-Pacific showing the fastest growth potential due to urbanization, construction activities, and government initiatives promoting fire safety.
Recent developments include innovative products like the Auto-Test Pressure Switch by Potter Electric Signal and FireLock™ Installation-Ready™ fittings by Victaulic, enhancing the efficiency and reliability of fire sprinkler systems. The market’s future growth is fueled by the increasing emphasis on safety standards and compliance across regions, making fire sprinklers a crucial component in building infrastructure.
Read more at GlobeNewswire: Fire Sprinkler Systems Market Size to Surpass USD 26.40