Research and Markets: The Global Fire Sprinkler Market is expected to Grow at a CAGR of 9.36% between 2015 and 2020
June 17, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/hrsqgc/fire_sprinkler) has announced the addition of the “Fire Sprinkler Market by Type, Service, Component, Application, and Geography – Forecast to 2020” report to their offering.
There is a growing demand for fire sprinkler systems in various sectors, especially industrial, as there is a greater risk of fire hazard in this sector due to the presence of various flammables such as oil, gas, fuel, electricity, and many more. The said market in APAC is expected to grow at the highest CAGR of 10.37% between 2015 and 2020, mainly owing to the continuous growth and expansion of the construction and real estate sectors in the developing APAC countries. Fire security is a major concern in this region due to which, there is a greater emphasis on the installation of fire sprinkler systems. Moreover, there are a large number of companies in the fire sprinkler market in this region who provide innovative solutions to address the fire safety related demands of the end-users.
This report estimates the fire sprinkler market size and forecasts the same for different regions, namely North America, Europe, Asia-Pacific, and the rest of the world. It also analyzes the winning imperatives and trends in the global market. The report further profiles over top 10 companies present worldwide in this market along with, their recent activities such as mergers & acquisitions, collaborations, joint ventures, and new product developments. The global market was valued at $6,470.99 Million in 2014 and is expected to reach $11,045.29 Million by 2020, at a CAGR of 9.36% between 2015 and 2020.
Companies Mentioned:
– Hochiki Corporation (Japan),
– Honeywell International, Inc. (U.S.),
– Johnson Controls (U.S.),
– Robert Bosch GmbH (Germany),
– Siemens AG (Germany),
– Tyco (Switzerland),
– United Technologies Corporation (U.S.)
– VT MAK (U.S.)
For more information visit http://www.researchandmarkets.com/research/hrsqgc/fire_sprinkler
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Research and Markets is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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