The
national market potential for the installation of residential fire sprinklers
is examined in a new report “Residential Fire Sprinklers Market Growth
and Labor Demand Analysis,” 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.
Using three 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 Leavitt. “How the industry responds to
the need for additional skilled labor will determine how quickly this market
potential can be fully realized.”
The report 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 more than 7,000
additional positions.
“Residential Fire Sprinklers Market Growth and Labor Demand
Analysis,” published by Fire Smarts LLC, is available for download at
www.ResidentialFireSprinklers.com. Fire Smarts LLC, is a leading
provider of online educational and marketing services focused on fire
protection.