Increasing re-examination of legal requirements to enhance fire safety is driving the market growth
Market CAGR for fire protection system pipes is being driven by the increasing re-examination of legal requirements to enhance fire safety. Systems for fighting fires like automatic irrigation systems and other water-based methods of suppression use fire protection system pipes. These pipes are generally painted red to make them easy to spot for firefighter and other people. In order to distinguish them from different water-carrying systems, the color designation is also utilized.
Additionally, Real-time identification, control, and information tracking are all capabilities of the fire protection system pipes. The introduction of modern technology like artificial intelligence (AI), the Internet of Things (IoT), and advanced sensors is expected to drive growth in the market for fire prevention system pipes. In fields where fire protection and security are necessary, like oil and gas, industry, and mining, the use of fire protection systems pipes is become more widespread. Additionally, the demand for building fire protection systems pipes is being largely fueled by the push for an energy economy.
As soon as a fire is discovered inside a structure, these devices alert the populace to leave the area, protecting them from harm and minimizing property loss and casualties.
The majority of industrialized nations have changed their fundamental building regulations to incorporate requirements for installing fire protection equipment. For instance, the Sarbanes-Oxley Act's implications on US-based corporations increased the fiduciary responsibilities of executive leadership, which now cover all parts of managing risks, like security issues, in addition to financial reporting. Businesses are spending millions of dollars to evaluate and correct deficiencies in their buildings' fire prevention systems as a result, especially in locations with weak firefighting infrastructure. The complexity of networks, which requires the development of specialized tools, is what makes responding to a fire emergency in them difficult.
These systems also frequently use more expensive pipe than standard ones.
For instance, according to the Construction Perspective, the construction industry is expected to cross USD 8 trillion by 2030. The building sector is expanding as a result of the rising demand for residences and commercial space. The construction industry is predicted to grow strongly over the coming few years in Europe and Asia Pacific, despite the challenges in the financial sector. Thus, result in driving the Fire Protection System Pipes market revenue.
In February 2024, Johnson Controls, a prominent company in the field of intelligent, health-conscious, and environmentally-friendly buildings, introduces the Tyco QRS-2 Quick Release Switch. This advanced electronic device enhances the speed at which Tyco dry pipe and preaction valves in fire sprinkler systems react. The QRS-2 switch employs established electric release technology to trigger the opening of valves within a time frame of four seconds following the activation of sprinklers. A longer valve reaction time results in a faster release of water via the pipes, reaching the fire threat more rapidly.
The QRS-2 Quick Release Switch incorporates an integrated system for monitoring low and high pressure alarms. It is designed to adapt to minor and gradual fluctuations in system pressure by measuring air pressure at a rate of three times per second. When the device detects a consistent decrease in pressure, such as when the sprinkler system is in operation, it transmits a signal to open the valve. Electric release technology decreases the amount of time it takes for the accelerator to operate and minimizes the occurrence of false trip difficulties commonly associated with conventional mechanical switches.
                                                
                                                  
                                                  
                                                      
                                                        The ongoing emphasis on safety regulations and standards in construction is likely to drive the demand for advanced fire protection system pipes, reflecting a broader commitment to public safety and risk management.
                                                      
                                                      U.S. Department of Homeland Security
                                                   
                                                  
                                               
                                               
                                            
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