The projection of growth of fire sprinkler suppliers company at CAGR is over 08% during 2017-2022, due to an increase in industrialization, commercialization, and urbanization. The demand for fire sprinkler manufacturers will increase as the government is increasing or improving safety standards. There is a rise of new technology and replacement of old technology, due to which, there will be an increase in industrial, commercial, and residential sectors. The government is helping fire sprinkler suppliers by investing in their infrastructure and manufacturing sectors under its "Make in India" initiative. With the help of this initiative, it is helping fire sprinkler manufacturers to develop and upgrade existing airports and setting up new airports and metro projects in various cities across India.
The significant role of fire sprinkler manufacturing companies is to develop construction & infrastructure, expanding the manufacturing sector, and increases awareness regarding the fire safety parameters among Indian citizens. The market share of the fire sprinkler suppliers is growing, and it is over 60% market share due to an increase in demand in recent times.
The fire sprinkler manufacturers provide numerous equipment which comes into use in buildings and industrial facilities to ensure people are safe and there is no loss due to fire. There is the development of new technology, which motivates people to buy more equipment from fire sprinkler manufacturing companies. There are numerous firefighting equipment like fire extinguishers, fire fighting hydrant valves, face shields, respiratory masks, and water foam sprinklers.
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