Report ID: SQMIG15F2123
Report ID:
SQMIG15F2123 |
Region:
Global |
Published Date: August, 2024
Pages:
184
|
Tables:
66 |
Figures:
75
Fire Sprinkler Market size was valued at USD 13.43 Billion in 2023 and is poised to grow from USD 14.44 Billion in 2024 to USD 25.72 Billion by 2032, growing at a CAGR of 7.49% during the forecast period (2025-2032).
The steady expansion of the worldwide fire sprinkler market is propelled by an increasing emphasis on fire safety measures and the implementation of stringent building codes. Crucial contributing factors encompass the ongoing processes of urbanization, industrialization, and the upswing in both residential and commercial construction activities. Noteworthy advancements in sprinkler technology, including the adoption of smart and environmentally friendly systems, are gaining notable traction. While North America and Europe continue to be significant markets, Asia-Pacific is emerging as a substantial player owing to swift infrastructure development. Market participants are directing their efforts towards research and development initiatives aimed at improving product efficiency and aligning with evolving safety standards. The global fire sprinkler market is poised to sustain a positive trajectory in the foreseeable future.
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Report ID: SQMIG15F2123