SMOKE & FIRE DAMPER MARKET REPORT OVERVIEW
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global smoke and fire damper market size was USD 167.7 million in 2021 and market is touch USD 289.2 million by 2031 at CAGR 5.6% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with smoke and fire damper lower-than-anticipated demand across all regions compared to pre-pandemic levels.
A smoke and fire damper is a tool used in buildings to stop the spread of fire and smoke. It is typically installed in air handling equipment or ducting. The dual-purpose function of combination smoke and fire damper is to impede the movement of smoke as well as hinder the passage of fire. A damper that has been evaluated for airtightness under both positive and negative pressure differences is said to be leaking. In today's building safety systems, smoke and fire dampers play a significant role. They assist in limiting the spread of smoke and fire in the event of a fire emergency.
The system that controls temperature regulation and smoke evacuation also include smoke control dampers. To be able to sell their products in target markets, smoke and fire damper manufacturers and importers must be able to demonstrate that their products comply with current requirements and that they perform properly before installation. They analyze the market for combination smoke and fire dampers and project its growth over the following ten years.
COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth
The outbreak of COVID 19 acted as a significant restraint on the smoke and fire damper market in 2020, as supply chains were disrupted by trade restrictions and usage fell as a result of lockdowns imposed by governments around the world. Large nations now have work stoppage laws and life support systems in place. Lack of labor and raw supplies forced numerous industries, including those in commerce and construction, to discontinue manufacturing. As a result, the smoke and fire damper market has been considerably affected.
LATEST TRENDS
"Growing Implementation in Hospitals to Boost Market Growth"
Geothermal cooling and heating equipment usage has grown over the past few years, which has decreased the need for fuel-based equipment. New business opportunities are emerging due to consumer preference for comfort. OEMs are making products that are not only energy-efficient but also incorporate the most recent technology, delivering improved connections, to satisfy consumer demand. More smart meters, sensors, and thermostats that can be controlled from a smartphone or computer are being installed as more environmentally friendly buildings come into being. Software-integrated HVAC systems are also becoming more prevalent and are expected to expand smoke and fire damper market growth.
SMOKE & FIRE DAMPER MARKET SEGMENTATION
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- By Type Analysis
As per the type, the market is classified as follows: Manual Type and Motorized Type. Motorized is the leading segment in the smoke and fire damper market share.
- By Application Analysis
Based on application, the market is segmented as follows: Residential Buildings, Commercial Buildings, Industrial Buildings, Marine, and Others. The smoke and fire damper is most frequently used in the industrial sector.
DRIVING FACTORS
"Increased Utilization in the Industrial Sector to Facilitate Market Development"
One of the main end users of smoke and fire dampers is the industrial sector. The expansion of this industry can be attributable to the increase in demand for smoke and fire damper products from a variety of sectors, including healthcare, automotive, and other industries. Industrial buildings have smoke and fire dampers as fire and smoke can pose a severe threat to the buildings. The installation of dampers can help to stop the spread of fire and smoke as well as the risk of heat and flames harming persons and property. The expansion of the smoke and fire damper market can be due to both the strict government fire safety laws and the growing awareness of fire safety in various businesses.
"Installation in Health Care Facilities to Promote Industry Progress"
Health care facilities are recommended to install smoke and fire dampers in places that are simple for staff to access and to use equipment that makes it possible to test dampers remotely to limit the risk of infections and staff expenditures. Remote monitoring and testing of dampers that use electric actuators with position indication are possible. After the initial examination, there is less need to manually access the smoke and fire damper as a result. Remote testing and monitoring can minimize labor costs, lower the risk of infection, and guarantee that vital life safety equipment operates as needed.
RESTRAINING FACTORS
"High Cost in the installation process to Hinder Market Growth"
The need to achieve maximum energy preservation and the effects of global warming have grown to be major concerns. Innovative systems help to effectively address these concerns. In urbanized nations, there is a high level of operation in residential construction. However, despite the high environmental profits, the implementation of these systems remains low due to their high execution costs. However, there is little awareness regarding the profitability of the smoke and fire market.
SMOKE & FIRE DAMPER MARKET REGIONAL INSIGHTS
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"Increase in Demand to Propel Market Progress in North America"
Due to factors like strict government laws on fire safety, rising public awareness of the need for fire safety, and the presence of top manufacturers in this region, the market for this product is expected to develop in North America. The expansion of the combined smoke and fire damper market in Latin America is being significantly aided by the increased knowledge of the advantages of these devices. During the projected period, market growth is anticipated to be positively impacted by the strict government rules governing the installation of smoke and fire dampers in commercial and industrial buildings.
"Market Players Focus on New Product Launches to Strengthen Market Position"
Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.
KEY MARKET PLAYERS
List of Market Players Profiled
- TROX (Singapore)
- Johnson Controls (Ruskin) (U.S.)
- Flakt Woods (India)
- Greenheck (U.S.)
- Swegon (Actionair) (U.K)
- Halton (Finland)
- Rf-Technologies (U.S.)
- Nailor (U.S.)
- Flamgard Calidair (U.S.)
- MP3 (U.S.)
- Aldes (France)
- KOOLAIR (Spain)
- BSB Engineering Services (U.K)
- Ventilation Systems JSC (Ukraine)
- Klimaoprema (Croatia)
- Lloyd Industries (U.K)
- Celmec (Australia)
- Systemair (Sweden)
- AMI Air Management (Canada)
- Komfovent (Poland)
- ALNOR Systems (Poland)
- Tecno-ventil Spa (Italy)
- Metal Industries (NCA) (U.S.)
- TANGRA (Bulgaria)
- Chongqing Eran (China)
- Shandong Zhongda (China)
- Jingjiang Nachuan (China)
- Suzhou Foundation (China)
- Dezhou Changxing (China)
- Zhengjiang Yuanhua (China)
- Shandong Jianghan (China)
- Ruidong Group (China)
REPORT COVERAGE
The report covers overall market aspects, including the market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 167.7 Million in 2021 |
Market Size Value By |
US$ 289.2 Million by 2031 |
Growth Rate |
CAGR of 5.6% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the smoke and fire damper market expected to touch by 2031?
Based on our research, the smoke and fire damper market is projected to touch USD 289.2 million by 2031.
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What CAGR is the smoke and fire damper market expected to exhibit by 2031?
The smoke and fire damper market is expected to exhibit a CAGR of 5.6 % by 2031.
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Which are the driving factors of the smoke and fire damper market?
The increased utilization in the industrial sectors and installation in the healthcare facilities are the driving factors of the smoke and fire damper market.
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Which are the top companies operating in the smoke and fire damper market?
TROX, Johnson Controls (Ruskin), Flakt Woods, Greenheck, Swegon (Actionair), Halton, Rf-Technologies, Nailor, Flamgard Calidair, MP3, Aldes, KOOLAIR, BSB Engineering Services, Ventilation Systems JSC, Klimaoprema, Lloyd Industries, Celmec, Systemair, AMI Air Management, Komfovent, ALNOR Systems, Tecno-ventil SpA, Metal Industries (NCA), TANGRA, Chongqing Eran, Shandong Zhongda, Jingjiang Nachuan, Suzhou Foundation, Dezhou Changxing, Zhengjiang Yuanhua, Shandong Jianghan, and Ruidong Group are the top companies operating in the smoke and fire damper market.
