New residential fire sprinkler market analysis projects the market potential and labor demand created by the passing and eventual widespread enforcement of amendment RB64-07/08 to the International Residential Code (IRC).
market potential for the installation of residential fire sprinklers is
examined in a new report
Residential Fire Sprinklers Market Growth
and Labor Demand Analysis(see link below), authored by
fire protection industry expert Russ
Leavitt, SET, CFPS, with contributions by Steven Scandaliato, SET, and Ryan J.
Smith. According to the report, the required installation of residential fire
sprinklers in newly constructed one and two family houses has the potential to
exceed $3 billion annually.
different methods of calculating market potential, results for residential fire
sprinkler installations in the United States ranged from $2.9 billion to $3.2
billion annually. Further, four types of labor were analyzed to project the
number of additional positions needed as residential fire sprinkler
requirements are adopted across the country.
“There’s no question that the recent
passing of residential fire sprinkler requirements to the International
Residential Code will change the industry in a breath and timeline never
experienced before,” said Russ Leavitt, SET, CFPS. “How the industry responds
to the need for additional skilled labor will determine how quickly this market
potential can be fully realized.”
considers the extent of design, installation and jurisdictional enforcement
labor that will be needed to accommodate the residential fire sprinkler market
growth. Most staggering is the
projected amount of sprinkler installation labor that will be required as the
conservative analysis calculates over 7000 additional positions.
The Residential Fire Sprinklers Market Growth and
Labor Demand Analysis, published by Fire Smarts, LLC, is available for download
atwww.ResidentialFireSprinklers.com. Fire Smarts, LLC, is a leading provider of online
educational and marketing services focused on fire protection.
Residential Fire Sprinkler Market Potential Exceeds $3 Billion Annually
November 6, 2008