DUBLIN--(BUSINESS WIRE)--The "Automatic Fire Sprinkler Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis and the looming economic recession, the Automatic Fire Sprinkler Systems market worldwide will grow by a projected US$636.3 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 9.2%. Wet Fire Sprinkler Systems, one of the segments analyzed and sized in this study, is forecast to grow at over 9.6% and reach a market size of US$649.3 Million by the end of the analysis period.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Wet Fire Sprinkler Systems market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 7.8% CAGR. Within Europe, Germany will add over US$23.8 Million to the region's size over the next 7 to 8 years. In addition, over US$20.7 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Wet Fire Sprinkler Systems segment will reach a market size of US$27.5 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Automatic Fire Sprinkler Systems market.
Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 13.1% over the next couple of years and add approximately US$136.4 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Automatic Fire Sprinkler Systems market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,
- AI Fire, LLC
- APi GROUP, INC.
- Atomizing Systems Inc.
- Bosch Security Systems, Inc.
- Consilium AB
- EMTEQ Inc.
- Fenwal Controls of Japan, Ltd.
- Fire & Life Safety America
- Gentex Corporation
- Halma PLC
- Johnson Controls, Inc.
- Kalb Corporation
- Knowsley SK Ltd.
- Marioff Corporation (HI-FOG)
- Master Fire Prevention Systems
- Modular Connections, LLC
- NAPCO Security Technologies, Inc.
- Robert Bosch GmbH
- RSG Security Inc.
- Semco Maritime A/S
- Siemens AG
- Signal Communications Corporation
- Space Age Electronics, Inc.
- Spectronics Corporation
- The Hiller Companies, Inc.
- Tyco SimplexGrinnell
- United Technologies Corporation (UTC)
- Vt Mak
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Automatic Fire Sprinkler Systems Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Total Companies Profiled: 38
For more information about this report visit https://www.researchandmarkets.com/r/4c680l