Fire sprinkler systems in APAC: Key market research findings
- Implementation of fire safety legislations drives market growth
- Wire fire sprinkler systems account for a majority of the market’s revenue
- Key vendors – APi Group, Siemens, Tyco, and UTC
Technavio’s market research analysts predict the fire sprinkler systems market in APAC to grow at a CAGR of more than 14% between 2016 and 2020. The growth of this market can be attributed to the need to comply with government standards pertaining to fire safety. The governments in various APAC countries are adopting model building codes that make installation of fire sprinklers compulsory in new homes. For instance, in India, these codes are under the jurisdiction of individual states. For states without a law or ordinance for the installation of fire sprinklers at homes, government incentives will promote their installation and use. Similarly, the government in China has also mandated the installation of fire sprinkler in buildings as per the Fire Act of 1998.
The new market research report from Technavio presents a breakdown and analysis of the fire sprinkler system segments based on the product.
“Smart fire sprinklers are gaining traction in the market currently. Smart fire suppression systems that identify the location of the fire in a building and extinguishes flames with flame suppressants are emerging in the market. This will reduce the wastage of water, one of the most important non-renewable resources. An example is the Automist Smartscan marketed by the UK-based manufacturer Plumis,” says Abhay Sinha, Lead Analyst, New Coverage, Technavio Research.
Currently, wet fire sprinkler systems account for around $605 million and will continue its dominance as the key revenue generating vertical in the fire sprinkler systems market in APAC. They are mostly used in residential buildings, eating and drinking establishments, hotels and motels, academic institutions, and other places. The demand for wet fire sprinkler systems is highly dependent on the construction market in APAC. The growth of the residential construction market, as well as government regulations mandating the installation of fire sprinklers in new residential buildings, will further fuel the growth of this segment over the next four years.
The key vendors in the market include APi Group, Siemens, Tyco, and UTC. The fire sprinkler market in APAC is highly fragmented due to the strong presence of both global and regional vendors. Vendors compete based on the price, product capacity, product line, training, support, and delivery, and the relative importance of these factors vary based on the project complexity. Several international manufacturers are expanding their presence to developing countries, including India and China, to take advantage of the availability of low-cost labor and to cater to the demand from the local markets.
A more detailed analysis is available in the Technavio report, Fire Sprinkler Systems Market in APAC 2016-2020.
We can customize reports by other regions and specific segments upon request.
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