$637.3m
$XX.Xm
1,104
43
$XXX.Xm
Over the current period, automatic fire sprinkler system manufacturers faced declines. While the outbreak of COVID-19 led to growth in new residential construction, it hammered nonresidential construction because of falling corporate profit levels and economic uncertainty, greatly offsetting growth in the residential construction market. Manufacturers have faced slow export growth amid an appreciating dollar. Automatic Fire Sprinkler System Manufacturing industry revenue has inched downward at a CAGR of 0.9% over the past five years and is expected to total $659.1 million in 2024, when revenue will jump by an estimated 1.3%.
Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated $637.3m in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Johnson Controls International Plc | 144.0 | 29.9 | 20.8 | |
Viking Automatic Sprinkler Co. | 84.1 | 8.6 | 10.2 | |
The Reliable Automatic Sprinkler Co. Inc. | 10.4 | 1.2 | 11.1 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Residential wet pipe systems, Nonresidential wet pipe systems and Dry pipe systems. Residential wet pipe systems is the largest segment of the Automatic Fire Sprinkler System Manufacturing in the US.
Nonresidential wet pipe systems sales have fallen
This industry manufactures fire-protection systems that use automatic sprinklers. These systems typically consist of a network of pipes connected to a building’s water supply. Industry products include devices that detect fire and automatically release water to combat the flames. The industry does not include revenue generated from the actual installation and maintenance of sprinkler systems in buildings.
Purchase this report to view all 3 major companies in this industry.
NAICS 33399 - Automatic Fire Sprinkler System Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Manufacturers benefited from the booming residential market, which helped mitigate losses because of a drop in nonresidential construction. This surge in residential construc...
Learn about an industry's products and services, markets and trends in international trade.
Sales of residential wet pipe systems have significantly benefitted manufacturers. Increased demand has proved to be a substantial boon for manufacturers in the residential c...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Various factors contribute to the concentration of manufacturers in the Great Lakes. The large commercial and residential construction markets, access to Canada and proximity...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Automatic fire sprinkler manufacturers compete in various ways. Manufacturers compete based on quality, customizability and after-sales services to attract downstream custome...
Learn about the performance of the top companies in the industry.
The two largest automatic fire sprinkler system manufacturers dominate. Johnson Controls and Viking Automatic Sprinkler have accumulated market share by establishing solid re...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers of automatic fire sprinkler systems must adhere to a range of manufacturing regulations, including environmental guidelines and occupational safety standards. T...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has fallen because of supply chain woes, volatile input costs and mounting wages. These challenges have significantly impacted manufacturers' profit and operational ef...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Automatic Fire Sprinkler System Manufacturing in the US industry in United States is $637.3m in 2024.
There are 43 businesses in the Automatic Fire Sprinkler System Manufacturing in the US industry in United States, which has declined at a CAGR of 1.8 % between 2019 and 2024.
The market size of the Automatic Fire Sprinkler System Manufacturing in the US industry in United States has been declining at a CAGR of 1.1 % between 2019 and 2024.
Over the next five years, the Automatic Fire Sprinkler System Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Automatic Fire Sprinkler System Manufacturing market in United States are Johnson Controls International Plc, Viking Automatic Sprinkler Co. and The Reliable Automatic Sprinkler Co. Inc.
Residential wet pipe systems and Nonresidential wet pipe systems are part of the Automatic Fire Sprinkler System Manufacturing in the US industry.
The company holding the most market share in United States is Johnson Controls International Plc.
The level of competition is high and steady in the Automatic Fire Sprinkler System Manufacturing in the US industry in United States.