Fire Dampers Market REPORT OVERVIEW
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The global fire dampers market size was USD 183.1 million in 2022 and market is projected to touch USD 291.31 million by 2031, exhibiting a CAGR of 5.3% during the forecast period.
Fire dampers are passive fire protection items that are installed in HVAC ducts to stop the fire from spreading through fire-rated walls and floors and throughout the ductwork. In terms of fire-resistance rating, fire/smoke dampers are comparable to fire dampers and also stop smoke from spreading inside the ducts. The fire damper closes when the temperature rises. Typically, this is caused by a thermal element that melts when the temperature rises above ambient but is still low enough to signal the existence of a fire. This enables springs to close the damper blades. Fire dampers may also close in response to an electrical signal from a fire alarm system using detectors placed outside the damper that detect heat or smoke in an occupied structure.
A fire-stopping system seals any openings to stop the spread of fire, smoke, and heat through various components. They are typically employed in commercial and industrial structures including warehouses, office buildings, and complexes. Cementitious motors, silicone, mineral fibers, rubber compounds, fire retardant, and intumescent materials are all used to make the components of fire-stopping materials. They are primarily employed in applications related to building, construction, plumbing, and mechanical systems. For a predetermined amount of time, a properly installed and tested fire stop system will stop the spread of fire, create an effective smoke barrier, and delay the transmission of heat. These can be divided into eight categories: collars, strips, putty and putty pads, cast-in devices, boards, mortars, sealants, and others.
COVID-19 Impact: Supply Chain Disruption and Lockdown Restrictions to Impede Market Progress
The outburst of COVID-19 operated as an enormous limitation on the fire dampers market in 2020, as supply chains were interrupted owing to trade limitations and consumption dropped owing to lockdowns enforced by administrations globally. The COVID-19 sickness started to spread over the world, infecting millions of people. Major nations around the world have now enacted work stoppage orders and food prohibitions. The majority of sectors, with the exception of those producing medical supplies and life support equipment, have been significantly hit. Mechanical fire dampers industries have also been significantly impacted.
LATEST TRENDS
"Technological Advancements to Foster Market Growth"
The usage of geothermal cooling and heating equipment has increased over the past several years, which has reduced reliance on fuel-based equipment. The preference for comfort among consumers is opening up new business opportunities. OEMs are creating products that are not only energy-efficient but also incorporate the newest technology delivering improved connections to meet consumer demand. As more "green" buildings are being built, more thermostats, sensors, and smart meters that can be managed from a smartphone or computer are being installed. HVAC systems with software integration are also on the rise and are predicted to open up new business prospects. The HVAC industry is slowly embracing technology, opening up promising long-term growth prospects.
Fire Dampers Market Segmentation
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- By Type Analysis
By type, the market is segmented into Manual Fire Dampers and Motorized Fire Damper.
- By Application Analysis
Based on applications, the market is classified into Residential Buildings, Commercial Buildings, Industrial Buildings, and Others.
DRIVING FACTORS
"Increasing Adoption in Industrial Sector to Foster Market Growth"
Global building codes have increased as a result of the rise in demand for fire safety equipment in sectors like the automobile and building & construction. To reduce damage and better protect people, air dampers are put in buildings. By automatically closing its blades to preserve the integrity of the fire-rated separation, the air damper aids in extinguishing fires. Dampers, particularly in coal-fired power plants, gas turbine exhaust systems, and boiler systems, play a significant role in maintaining the level of emission in the chemical sector. In the manufacturing industry, damper failure can result in plant shutdowns, severe consequences on station safety, unit capacity or availability, and plant environment. This is anticipated to fuel the fire dampers market growth in the coming years.
"HAVC Systems to Boost Market Growth"
The HVAC sector is anticipated to expand rapidly. For optimal operation and to prevent failure, HVAC systems need to be fine-tuned and have parts made to order during installation. For the proper installation of HVAC systems, specialists are therefore required. Inefficient HVAC systems or higher repair costs could result from the amateur installation, which would ultimately cost the consumer more. It is anticipated that the user will pay more as a result of the need for expert work.
RESTRAINING FACTORS
"High Installation Costs to Hamper Growth"
Global warming and the necessity to attain maximum energy preservation have become major concerns. Innovative systems support addressing these concerns efficiently. The operation in residential constructions in urbanized countries is high. However, due to the high cost related to the execution of these systems, the implementation remains low even though the environmental profits are high. However, awareness concerning the profits of dampers and panels is small.
Fire Dampers Market REGIONAL INSIGHTS
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"Infrastructural Development to Foster Market Growth in North America"
North America is projected to dominate the fire dampers market share. Due to the rising demand for these materials in both new and existing buildings, it is expanding quickly. The expanding construction sector, particularly the rise of skyscrapers in emerging economies, is a significant element driving the development of this market. The stringent building norms and regulations in this area are a crucial factor in the fire damper market expansion.
Asia Pacific is anticipated to have a sizable market share. The region has experienced enormous growth throughout the years due in large part to expanding urbanization, population expansion, and rising consumer disposable income. Recently, the commercial sector has expanded, opening doors for potential future regional growth.
KEY INDUSTRY PLAYERS
"Companies Adopt Technologically Advanced Production Techniques to Improve Market Position"
The fire dampers market is made up of a number of companies that operate in the industry. Market conditions, government legislation, and industry development all influence company growth potential. It contains data on the latest research, product launches, technological developments, mergers and acquisitions, partnerships, and joint ventures. Other aspects analyzed for the market include cost analysis, the pricing policy of leading producers, and raw materials prices. Furthermore, factors and forecast scenarios of the market have been included in the report for market prospects. The majority of firms are concentrating on enhancing their market position, global presence, and product portfolio.
List of Market Players Profiled
- TROX (Germany)
- Ruskin (U.S.)
- FLAKT WOODS (Switzerland)
- Greenheck (U.S.)
- Actionair (Hong Kong)
- HALTON (Finland)
- Rf-Technologies (U.S.)
- Nailor (U.S.)
- Flamgard Calidair (U.S.)
- MP3 (Vietnam)
- Aldes (France)
- KOOLAIR (Spain)
- BSB Engineering Services (U.K.)
REPORT COVERAGE
The research is based on firsthand knowledge, qualitative and quantitative analysis by industry analysts, and contributions from industry experts and participants across the value chain. The research examines parent market trends, macroeconomic data, and controlling factors in-depth, and market appeal by segment. The qualitative influence of key market factors on market segments and regions is also mapped out in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 183.1 Million in 2022 |
Market Size Value By |
US$ 291.31 Million by 2031 |
Growth Rate |
CAGR of 5.3% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the fire dampers market expected to touch by 2031?
Based on our research, the fire dampers market is projected to touch USD 291.31 million by 2031.
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What CAGR is the fire dampers market expected to exhibit by 2031?
The fire dampers market is expected to exhibit a CAGR of 5.3% by 2031.
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Which are the driving factors of the fire dampers market?
Increasing adoption from the industrial sector and HAVC systems are the factors driving the fire dampers market.
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Which are the top companies operating in the fire dampers market?
TROX, Ruskin, FLAKT WOODS, Greenheck, Actionair, HALTON, Rf-Technologies, Nailor, Flamgard Calidair, MP3, Aldes, KOOLAIR, BSB Engineering Services are the top companies operating in the fire dampers market.