Johnson Controls, APi Groups, Minimax USA LLC, Siemens AG, Hochiki America Corporation, and Honeywell International Inc, among others, are the major players in the global fire sprinklers market.
The global fire sprinklers market is expected to grow at a CAGR of about 8.1% in the forecast period of 2022-2027. As per the analysis of Expert Market Research, the market is driven by the increasing smart home construction.
The increasing residential construction activities in both developing and developed countries are surging the adoption of fire sprinklers for enhanced protection. As the installation of fire sprinklers increases the value of houses, various residential builders are deploying them. With the growing construction of smart homes, especially in developed countries, the installation of home fire sprinklers to automate fire control and enhance the safety of homes is increasing. Moreover, the increasing research activities demonstrating the benefits of fire sprinklers to reduce fire damage, greenhouse emissions, and water pollution, among others, are expected to drive its installation in the forecast period.
The development of innovative solutions to prevent damage and minimise costly repair costs of fire sprinklers by the leading companies is propelling the market growth. In November 2020, Johnson Controls launched its Smart Connected Fire Sprinkler Monitoring solution that delivers real-time insights into the health of fire sprinklers for rapid preventative measures. The solution leverages innovative data transfer, sensor, and monitoring technologies to gather information and measure sprinkler system health. Through the launch, the company intended to empower building managers to prevent expensive equipment failure and transform their maintenance strategies.
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Johnson Controls is a leading technology company that aims to provide smarter, sustainable, and healthy building solutions. With an employee base of 10,000 and a wide presence in 150 countries, the company offers a comprehensive portfolio of software, building technology, and service solutions. It has approximately 2000 locations across the globe.
|Headquarters:||Minnesota, United States|
APi Group is a safety, speciality, and industrial service provider. The company provides innovative services and solutions to various independent enterprises. It extensively focuses on financial strengths and consumer relationships to advance its growth. Moreover, it offers various infrastructure services such as gas and electric utility maintenance, sewer and water line installation, and natural gas distribution services, among others.
|Headquarters:||Michigan, United States|
Minimax is one of the leading brands in fire protection. It markets and sells various valves, fire sprinklers, accessories, as well as related devices. Its products are exclusively sold through Core & Main Fire Protection in the United States. The company has a world-class manufacturing facility in Hastings, Michigan, and provides advanced solutions and technology for several end-use sectors.
Siemens AG is a major technology company that focuses on automation, intelligent infrastructure, intelligent mobility solutions, and digitalisation. The company employs 303,000 people, and generated a revenue of EUR 62.3 billion in 2021. With business areas in smart infrastructure, mobility, and healthcare, the company aims to transform digital transformation in various end-use sectors.
|Headquarters:||California, United States|
Hochiki is a leading fire protection equipment provider, which has a state-of-the-art manufacturing facility in Buena Park, California. Some of its leading consumers include Radionics, Silent Knight, Bosch, Potter, and Fike, among others. With 14 subsidiaries and 38 sales offices, the company employs about 2,000 people. It actively invests in manufacturing innovation across Europe, the United States, and Japan to ensure high-quality production and consumer satisfaction.
|Headquarters:||North Carolina, United States|
Honeywell International Inc. is a leading technology company that provides leading solutions for various sectors, including buildings and aerospace, among others. The company aims to offer innovative software, services, and well as technologies to drive sustainable growth. With 90,000 employees as of 2021, the company has a wide presence across 82 countries.
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