Fire Damper Market Report Overview
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The global fire damper market size was expected to be USD 169.2 million in 2021 and is projected to touch USD 291.92 million by 2031, exhibiting a CAGR of 5.6% during the forecast period.
Fire dampers are the passive fire protection product which are used in air conditioning (HVAC), ventilation and heating ducts to stave off the spread of fire inside the duct by fire-resistance rated walls and floors. It braces the cohesion of the existing barrier thus preventing fire penetration before temperatures reach the fire rating level of the barrier itself. Its initial role is to ward off the passage of fire from one side to the other of a fire-rated separation.
The dampers are categorized into two that can be installed in residential homes. They are known as dynamic fire dampers and static fire dampers. The dynamic dampers are fabricated as vertical barriers and constitutes a spring-loaded design and continuous fan use. Wherein the static dampers are fabricated as horizontal barriers with a curtain-like design. Systems which attributes static fire dampers have (HVAC) fans designed to turn off when the system is activated, allowing the damper’s door to fall thanks to the weight of gravity.
COVID-19 Impact: Indefinite Hike in the Price of Raw Material Due to Disturbed Production and Supply
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to fire damper market growth and demand returning to pre-pandemic levels once the pandemic is over.
The pandemic induced lockdown implemented in many regions, temporarily disrupted the fire damper market's supply chain and the production cycle. Lockdown, industry standby, and the transport restrictions caused the breakout to have a sluggish and declining impact on countries and their industries worldwide. The limitations resulted in less production activities, stringent supply chain, lower percentage of available workers, and the temporary closures ultimately had a significant shrinkage on fire damper market size.
LATEST TRENDS
"Technological Advancements to Fuel Up the Market Growth"
The researchers are building smart fire-damping systems ‘Fog Computing’ and ‘Real-Time Data Technologies’ that empower with information needed to battle the life-threatening phenomenon. Fog computing is defined as a computing architecture in which data is processed near its source in order to reduce the hazard dangers of latency while maintaining the importance of privacy and security. The fog computing uses machine learning and artificial intelligence to analyze the flood of data, turn it into actionable knowledge or core insights, and ultimately form the real-time recommendations for the fire respondents.
Fire Damper Market Segmentation
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- By Type
Based on type; the market is divided into mechanical dampers, intumescent dampers, transfers dampers, air transfer dampers and others.
- By Application
Based on the application; the market is divided into residential buildings, commercial buildings, industrial buildings, marine and others.
DRIVING FACTORS
"Rapid Urbanization in the Developing Regions to Increase the Market Demand"
The emergence of the rapid and ever growing urbanization results in the infrastructure. The construction of houses, offices and other areas, going hand in hand with the safety concerns and the government regulations regarding fire safety the damper installation will gradually rise up giving a boost in fire damper market share.
"Spreading Awareness Regarding Safety to Attract the Consumers"
Fire dampers are the instrumental parts of a passive fire protection system. They intentionally work to protect your home, office building or other construction areas from smoke and fire damage. The dampers work within your HVAC system to stop the spread of heat, flames, and smoke from spreading throughout your space. These dampers are very crucial for protecting your home, office, other construction areas and the people residing within them.
RESTRAINING FACTORS
"The High Installation and Maintenance Cost Incurred to Hold Back the Market Growth"
Fire dampers are not something the any office worker or the people residing in the house would ever notice, yet they are very important as they could potentially save a life. They are designed as the vital passive fire protection products thus requiring installation, testing, and maintenance on timely intervals. The damper maintenance is not only a legal requirement indeed it is a necessary part of your site or infrastructure’s fire safety management. The testing of the dampers installed is carried out annually to comply meet ends with the current standards. The timely maintenance and installation incurred to the company can restrain the fire damper market growth.
Fire Damper Market Regional Insights
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"Asia Pacific Region to Lead the Market with Budget Production Cost Incurred"
The market share is expected to be dominated by Asia Pacific region during the forecast period. The presence of skilled and low-cost manufacturers in addition to the price advantage from the domestic companies in China, integrated with the increasing demand from residential and commercial applications in developing countries such as China, South Korea, and India, is expected to drive the fire damper market growth during the forecast period.
KEY INDUSTRY PLAYERS
"Prominent Industry Players in the Industry to Promote Market Expansion"
The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market. The data is gathered and published through appropriate research, technological advancements, expansions, and expanding machinery and equipment. Other considerations taken into account for this market are the businesses that develop and provide new products, the geographic areas in which they function, mechanization, innovation strategies, generating the maximum revenue, and using their products to make a significant difference.
List of Market Players Profiled
- TANGRA (India)
- Halton (Finland)
- Lloyd Industries (U.S.)
- Nailor Industries, Inc. (U.S.)
- Greenheck (U.S.)
- Actionair (U.K.)
- TROX (India)
- Flamgard Calidair (U.K.)
- Lorient (France), Koolair (U.K.)
- Air Management Inc. (Canada)
- BSB Engineering Limited (U.K.)
- Systemair (Sweden)
- KOMFOVENT (Lithuania)
- ALNOR Systems (Poland)
- Airvac (Canada)
INDUSTRY DEVELOPMENTS
October 2019: Flamgard Calidair one of the world leading company in the designing and manufacturing of prime quality specialist HVAC dampers and integrated equipment. They launched the HVAC solution for marine environments. ‘CFD03’ is an extension of Flamgard’s prevailing fire damper arrays associated to Navy, maritime living quarters, cruises and ferry applications.
REPORT COVERAGE
The report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching of recent industry developments, deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 169.2 Million in 2021 |
Market Size Value By |
US$ 291.92 Million by 2031 |
Growth Rate |
CAGR of 5.6% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the fire damper market expected to touch by 2031?
The global fire damper market is projected to touch USD 291.92 million by 2031.
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What CAGR is the fire damper market expected to exhibit by 2031?
The fire damper market is expected to exhibit a CAGR of 5.6% by the forecasted year 2031.
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What are the driving factors of the fire damper market?
The rapid urbanization in the developing regions and spreading of awareness regarding safety measures to attract the consumers and the drive the market growth are the driving factors of the fire damper market.
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Which are the top companies operating in the fire damper market?
TANGRA, Halton, Lloyd Industries, Nailor Industries Inc., Greenheck, Actionair, TROX, Flamgard Calidair, Lorient, Koolair , Air Management Inc., BSB Engineering Limited, Systemair, KOMFOVENT, ALNOR Systems and Airvac are the top companies operating in the fire damper market.