Analysts have forecasted that the global fire sprinkler systems market is set to grow at a CAGR of 7.62% during the period 2017-2021.

Fire sprinkler systems comprise of wet pipe systems, dry pipe systems, deluge systems, and pre-action systems. These systems are effective tools to combat fires in commercial, industrial, residential setting, along with the transportation sector.

360 Market Updates has launched an indepth report on Wet Fire Sprinkler Systems Market Share Analysis 2022. The report analyses the impact of the Covid-19 pandemic, business expansion, and emerging technologies. The report also gives an industry forecast to 2027.

A key challenege listed in the report is the high cost of retrofit and replacement of fire protection systems in existing buildings. Whereas a decline in insurance expenditure has been listed as a key market driver. In case of a fire, these systems are quickly activated to reduce heat, flames, and smoke, thereby saving human lives and preventing injuries as well as loss of property.

In case of a fire, these systems are quickly activated to reduce heat, flames, and smoke, thereby saving human lives and preventing injuries as well as loss of property. Fire sprinkler systems are categorised into wet pipe systems, dry pipe systems, deluge systems, and pre-action systems.

Companies and manufacturers such as Hochiki, Minimax, NAFFCO, Tyco Fire Products, Cosco Fire Protection, Globe Fire Sprinkler, HD Fire Protect, Reliable Automatic Sprinkler, Siemens, United Technologies, Victaulic, and Viking have been included as key resources in the report.