LONDON--(BUSINESS WIRE)--Technavio’s latest report on the fire sprinkler systems market in APAC provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Over the last decade, APAC countries witnessed a substantial growth in residential as well as commercial construction, and the construction market in APAC is growing at a CAGR of 8%. The growing construction of commercial, industrial, and residential buildings directly impacts the sales of fire sprinkler systems. The building codes of several countries in the region mandate the installation of fire sprinkler systems.
In order to support the increased rate of urbanization, more and more high-rise buildings are constructed. The number of high-rise buildings in APAC represents 76% of the total number of high-rise buildings in the world. High-rise buildings are multi-story buildings that are 110-330 feet tall or that have 12-39 floors. “The structure of high-rise buildings is complex, making fire protection necessary. Thus, the fire sprinkler system market in APAC is poised to grow at a robust CAGR of over 14% during the forecast period,” says Abhay Sinha, a lead research analyst at Technavio.
The top three emerging trends driving the fire sprinkler systems market in APAC according to Technavio research analysts are:
- Increasing use of HI-FOG technology to suppress fire
- Emergence of smart fire sprinkler systems
- Shift from fragmented industry structure to organized sector
Increasing use of HI-FOG technology to suppress fire
The HI-FOG technology based sprinkler system is an innovative fire sprinkler system developed by Marioff, a UTC company. The technology is widely accepted and is very efficient as it uses less water than traditional fire sprinkler systems. The technology is based on the fast evaporation of water, which cools down the flames and gases surrounding the fire and locally displaces oxygen. Water mist systems work more effectively than traditional fire sprinkler systems because of the smaller size of the water droplet. Smaller water droplets are more efficient in suppressing fires due to the larger total surface area available for evaporation and heat extraction. Also, water mist systems control the room temperature, convert water droplets into steam, and suffocate the fire. Additionally, the water damage from water mist systems is considerably low compared to ordinary water sprinklers. So, this technology is penetrating new end-user sectors such as machinery spaces, industrial pump rooms, turbine enclosure, and commercial kitchens.
Emergence of smart fire sprinkler systems
The traditional use of fire sprinkler systems was for property protection and insurance savings. Earlier, the use of fire sprinkler system was limited to industries and other commercial applications. However, the increase in fire-related accidents in residential buildings has encouraged the use of fire sprinkler system for protecting lives. Now, government regulations on fire safety and building codes mandate the installment of fire sprinkler systems in buildings.
However, fire suppression systems can cause water damage to property as they use large quantities of water to suppress the fire. This issue is further aggravated by the fact that fire sprinkler systems can often malfunction and raise false alarms.
“Smart fire suppression systems that identify the location of a fire in a building and extinguishes flames with flame suppressants are emerging in the market. This will reduce the wastage of water, one of the non-renewable resources,” says Abhay. An example is the Automist Smartscan marketed by the UK-based manufacturer Plumis. Smart fire sprinkler systems use a mobile infrared sensor that is usually located in a wall-box. The sensor scans the room to locate the hottest point, if it detects temperature above 135°F. On successfully identifying the location, it sprays high-pressure mist onto flames. The Automist Smartscan fire sprinkler system uses only 10% of water in comparison to traditional fire sprinkler systems.
Shift from fragmented industry structure to organized sector
Large vendors in the fire sprinkler systems market in APAC have many opportunities to enhance their market presence and potential through M&A. So, many large vendors will acquire small and domestic suppliers during the forecast period to increase their market share by enhancing their distribution channels and improving their market reach.
For instance, in 2013, Tyco acquired Simplex and created Simplex Grinnell to compete in the distribution channel. Similarly, in 2015, UTC acquired Kidde, a UK-based fire and safety company and created UTC fire and security division. Thus, an increase in M&A will help vendors increase their customer base and add revenue to the market during the forecast period.
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