AUSTIN, Texas—Originally designed for use in the marine industry to replace fire sprinklers on ships, water mist systems are expected to be the only fire suppression product to surpass double digits during the next five years, according to a new report by IMS Research.
“As a relatively new technology compared to other fire suppression products, water mist systems continue to gain traction in the market on the back of the technology’s ability to be easily refit after discharge, and its reduced water consumption,” says Justin Siller, a market analyst who authored the report.
Water mist systems are expected to grow revenues close to four times those of any other fire suppression product in Europe, according to the research firm. Europe serves as the focal point for water mist system production, accounting for more than two-thirds of total global revenues.
In comparison, the water mist system markets in the Americas and Asia remain niche with a preference toward more traditional fire suppression systems; however, this is changing, according to the report.
“In the Americas, water mist systems are beginning to find their way into a number of leading hotels, museums and other high-end industry while in Asia, the use of water mist systems is expected to ramp up each year due to the large ship building industries in countries such as South Korea and China,” says Siller. “The successes in both regions, coupled with a decreasing average selling price, is likely to drive the shift to water mist systems for some time to come.”