Global Fire Protection Valves & Fittings Market was valued at US$ 53.97 Bn in 2017 and is expected to reach US$ 101.7 Bn by 2026, at a CAGR of 7.29% during a forecast period.
Global Fire Protection Valves & Fittings Market
Based on the valve systems, wet system valves segment is expected to hold the largest share in the market during the forecast period owing to lower maintenance and installation cost. In terms of application, commercial segment is expected to hold the largest share in the market owing to increasing investment in the establishment of SME's and increased construction of new hotels, hospitals, and growing infrastructural development in the developing countries. On the basis of fitting types, the malleable iron fitting type is expected to hold the largest share in the market during the forecast period due to their rapid scope of installation in hospitality, retail and commercial sectors.
The major driving factors of the market are strict monitoring and regulation by several various government bodies and increasing demand for fire protection valves & fittings in residential and commercial sectors as well as oil and gas facilities to large industrial enterprises. In addition, a growing number of fire incidents in various countries is also fuelling the demand for valves and fittings globally.
Moreover, rapid investment in transportation infrastructure development,increase in deaths and loss of property due to fire breakouts,growing demand for wireless technologies for fire detection, and technological advancements in the construction industry, and a rising population are also boosting the demand for fire protection valves & fittings across globally.
In terms of region, North America is expected to hold the largest share in the market during the forecast period owing to rising consumer awareness regarding safety, significant infrastructure developments, increasing technological advancements, huge population growth rate, and strict government regulations in this region. Asia Pacific is expected to generate the highest CAGR during the forecast period as increasing GDP and growing industrialization in developing countries of this region.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Key player’s studies, analyzed, profiled and benchmarked in Fire Protection Valves & Fittings Market areGlobe Fire Sprinkler Corporation, HD Fire Protect Pvt. Ltd., Incledon (Pty) Ltd., Jinan Meide Casting Co. Ltd., Minimax Viking GmbH, NIBCO Inc., Raphael Valves Industries Ltd, Rapidrop Global Ltd., Reliable Automatic Sprinkler Co., Inc., Tyco Fire Products L.P., Anvil International LLC, AVK International A/S, Brigit Systems (Pty) Ltd., and Cla-Val Co.
The Scope of the Report for Fire Protection Valves & Fittings Market
Global Fire Protection Valves & Fittings Market, by Valve Systems
• Wet System Valves
• Deluge & Pre-Action System Valves
• General Purpose Valves
• Dry System Valves
Global Fire Protection Valves & Fittings Market, by Fitting Types
• Grooved Fittings & Coupling
• Mechanical T & Cross
• Pipe Hanger & Clamps
• Grooved Flange
• Malleable Iron & Fittings
Global Fire Protection Valves & Fittings Market, by Application
Global Fire Protection Valves & Fittings Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating inFire Protection Valves & Fittings Market
• Globe Fire Sprinkler Corporation
• HD Fire Protect Pvt. Ltd.
• Incledon (Pty) Ltd.
• Jinan Meide Casting Co. Ltd.
• Minimax Viking GmbH
• NIBCO Inc.
• Raphael Valves Industries Ltd
• Rapidrop Global Ltd.
• Reliable Automatic Sprinkler Co., Inc.
• Tyco Fire Products L.P.
• Anvil International LLC
• AVK International A/S
• Brigit Systems (Pty) Ltd.
• Cla-Val Co.
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