- The key vendors in the Automatic Fire Sprinkler System Market in the US are APi Group Inc., Cosco Fire Protection Inc. and Tyco International Ltd.
London, 20 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Automatic Fire Sprinkler System Market in the US 2014-2018. The major trend in the market is an increase in the adoption of water-mist suppression systems in the US due to their ability to use significantly less water to control a fire and cause much less damage. The Automatic Fire Sprinkler Systems market in the US is expected to grow at a CAGR of 13.49 percent during the period 2013-2018.
An automatic fire sprinkler system is an effective tool to combat fire in a brick-and-mortar structure. In the case of fire, it reacts quickly to reduce the heat, flames, and smoke produced, saving human lives and preventing injuries as well as loss of property.
“An increase in the construction of residential houses is creating demand for installation of fire sprinkler systems,” says Faisal Ghaus, Vice President of TechNavio Research.
“Many states in the US are introducing regulations to mandate the use of fire sprinklers in newly constructed residential as well as commercial buildings.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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