Fire sprinkler systems play a major role in active fire protection. Buildings, in industrial, municipal and residential areas are more and more equipped with fire sprinkler systems, either as simple systems or more intelligent automatic systems
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The markets for fire protection have gained importance in the last years. The death toll of fire accidents is approx. 12 000 in the USA, 7000 in Europe and more than 50 000 in Asia per year. The loss of assets is about 70 billion Euro per year with an increasing tendency. The total worldmarkets show growth, but very different developments in different segments and countries.
Fire detection systems and sprinkler systems play a major role in active fire protection. More buildings, in industrial, municipal and residential areas are more and more equipped with fire sprinkler systems, either as simple systems or more intelligent automatic systems. Fire alarms and sprinkler systems have become more and more crucial in the field of fire protection. New buildings are required by various building codes to have fire detection and sprinkler systems installed which could prevent further damages and help save lives, in case of a fire.
The market for fire sprinklers are expected to grow in the next few years, the major growth could be seen in residential sector, followed by municipal and industrial. The market itself has a specific structure, with manufacturers, distributors and installers. The study will cover these areas, along with new development in this field due to nanotechnology.
The competition is pretty tight, due to the market structure. A section in the study is also dedicated to the competition analysis with the leading companies
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