The firewater system is a complex system associated with the safety process of Hydrogen storage tanks. Predicting preventive maintenance strategies is essential to ensure the long-term reliability of this system. Therefore, it is necessary to evaluate the multistate reliability of the firewater system in order to predict preventive maintenance strategies and provide safety measures. A polymorphic fuzzy fault tree analysis (PFFTA) for the risk analysis of complex systems has attracted much attention because of its powerful evaluation capability and its ability to analyze relationships among basic events. However, obtaining multistate failure probability (MFP) data for basic events in PFFTA has always been a major challenge. It is also difficult to quantify the minimum cut set (MCS) in PFFTA and determine the critical components for selecting a preventive maintenance strategy. In this study, we propose the Pythagorean fuzzy cost–benefit–safety analysis by using the PFFTA, an improved consistency aggregation method (I-CAM), and fuzzy Dematel for a predictive preventive maintenance strategy. In the proposed approach, the I-CAM method was used to collect and aggregate weights of experts’ opinions to evaluate the MFP of basic events in PFFTA. As a result, a triptych cost–benefit–safety analysis based on Pythagorean fuzzy sets (PFSs) and the sum-product method (SPM) was estimated to reduce expert subjectivity, support an improved cost-effectiveness index to rank critical components, and fuzzy Dematel to evaluate influence of proposed preventive maintenance actions. To clarify the effectiveness and feasibility of the proposed methodology, a case study of the firewater system related to the plant is located in SONELGAZ electricity power plant (OUMACHE Unit) was demonstrated. Both evaluations of the cost–benefit–safety analysis of the critical component were performed, and selected the influence of preventive maintenance strategy of the firewater system was predicted.