Fire Sprinkler Market 2016-2020 Global Research Report June 2016 | Page 2
Global Fire Sprinklers Market 2016-2020
The analysts forecast global fire sprinkler market to grow at a CAGR of 9.17% during the period 2016-2020.
With technological advances in the construction industry globally, health safety and environment (HSE) has
gained significant importance. HSE is gaining popularity in the industrial, civil, commercial, and residential
construction sectors.
Fire safety is one of the key aspects of HSE. With the significant increase in the importance and
implementation of HSE operations, acceptance of systems such as fire-safety equipment has increased. As a
result, the global fire sprinklers market is gaining traction.
Among the different sectors of construction, the demand for fire sprinklers is comparatively high in the
commercial, infrastructure, and industrial construction sectors. Electrical equipment and other flammable
components that are used in complex and heat-intensive processes are being dealt with extra care to avoid
any untoward instances.
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