Marine Fire Damper Machine Market Size, Share, Growth, and Industry Growth by Type (Electrical Actuators Type and Manual Actuators Type), By Application (Yachts, Merchant Ships, Navy Vessels, and Others), Regional Forecast To 2031

Marine Fire Damper Machine Market REPORT OVERVIEW

• 
•  Request a Free Sample to learn more about this report

The global marine fire damper machine market size was USD 40 million in 2021. As per our research, the market is projected to touch USD 94.54 million by 2031, exhibiting a CAGR of 9.0% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with marine fire damper machine experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Marine fire damper machine is extensively used in ventilation and air conditioning ductworks onboard merchant, yachts, and navy vessels. It helps to prevent the spread of smoke, fire, and gas in the ductwork. The device automatically prevents oxygen from entering the space during fire and gas dampers.

Increasing need to prevent the spread of fire, smoke, and gas in the ductwork is estimated to fuel market growth. Blooming demand for fire damper machine in marine transportation is expected to surge market growth. Increasing demand for yachts is anticipated to accelerate market growth. Growing demand for merchant ships and navy vessels for transportation and other purposes is projected to drive market marine fire damper machine growth in the coming years.

COVID-19 Impact: Ban on Water Transportation during Pandemic to Halt Production Activities

COVID-19 pandemic extensively impacted market growth due to the movement restriction and ban on transportation. Lockdown restriction during the pandemic halted production activities. Social distance protocols to control spreading of diseases reduced water transportation. Lower demand for transportation minimized market growth. Lack of workers in manufacturing units reduced product demand.

However, the market is expected to witnessed significant market growth due to growing demand for water transportation. Further, increasing need to save human lives and prevent fire, smoke, and gas in the ductile is anticipated to fuel marine fire damper machine market growth.

LATEST TRENDS

"Growing Demand for Water Transportation to Incite Market Development "

Increasing demand for water transportation globally is estimated to fuel market growth. Growing demand for tourists is anticipated to propel machine demand. Rapid development in marine transportation is projected to fuel market growth. Rising population adopting water transportation as an easy means of communication is anticipated to drive market growth. Increasing demand for private yachts among millennials is predicted to surge market growth during the forecast period. Growing need to check on water border is estimated to fuel market growth. Growing disposable income of population is estimated to boost machine demand.

Marine Fire Damper Machine Market SEGMENTATION

• 
•  Request a Free Sample to learn more about this report

• By Type

Based on type, the market is divided into electrical actuators type and manual actuators type.

Electrical actuators type is expected to be the leading part of the segmentation type.

• By Application

Based on the application, the market is divided into yachts, merchant ships, navy vessels, and others.

Merchant ships is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Increasing Need for Civilians' Life Safety to Boost Market Progress"

Increasing demand for passenger safety is projected to drive market growth. Rising awareness about the benefits of the machine is anticipated to accelerate market growth. Increasing chances of fire or smoke cases due to negligence by the population is anticipated to surge market expansion. Growing need to protect human life's in case of emergency is predicted to accelerate market development during the forecast period. The device main purpose of shut off the duct in case of fire. The device helps to control spreading of fire. Such advantages of the machine are predicted to fuel market growth during the forecast period. Increasing need to prevent extended property damage is estimated to fuel market growth. The machine works automatically and helps to prevent further damage, which is predicted to drive marine fire damper machine market growth.

"Advantages of the Machine to Stimulate Market Development"

Growing awareness about the benefits of the machine is estimated to fuel market growth. The machine open in normal condition to prevent fire, smoke, or gas in the ductile. The device has independent support to ensure function. Such advantages of the machine are predicted to fuel market growth in the forthcoming years. The device can be reset manually which is projected to drive market growth. They are suitable for horizontal and vertical applications is anticipated to fuel marine fire damper machine market expansion during the forecast period.

"Government Regulation and Broadly adoption of Navy Vessels to Accelerate Market Progress"

Increasing demand for navy and merchant ships across the world is estimated to fuel market growth. Growing government initiatives to protect the border are projected to drive market expansion. Rising need for water bodies safety is predicted to fuel market growth during the forecast period. Increasing need for safety of navies is anticipated to accelerate marine fire damper machine market progress.

RESTRAINING FACTORS

"High Cost of the Machine to Hamper Market Growth "

High cost of the machine is estimated to restrict market growth. High installation price and complex installation process are projected to hamper market growth during the forecast period.

Marine Fire Damper Machine Market REGIONAL INSIGHTS

• 
•  Request a Free Sample to learn more about this report

"Growing Demand for Water Transportation in North America to Drive Market Share "

North America is expected to account for the majority number of marine fire damper machine market share due to growing water transportation. Increasing need to prevent the spread of fire, smoke, and gas in the ductwork is estimated to fuel market growth. Growing demand for fire damper machines in marine transportation is expected to surge in market growth. Rising demand for yachts is anticipated to accelerate market growth. Growing demand for merchant ships and navy vessels for transportation and other purposes is projected to drive market growth during the forecast period.

Asia Pacific is estimated to dominate considerable market share due to growing number of marine transportation. Presence of water bodies in the region is anticipated to fuel market growth. Growing government initiatives to protect the border are projected to drive market expansion. Increasing demand for private yachts among the millennial population is predicted to surge market growth during the forecast period.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

LIST OF TOP Marine Fire Damper Machine COMPANIES

• Swegon (Actionair) (Sweden)
• Heinen & Hopman (Netherlands)
• TROX (India)
• Halton (Canada)
• Wozair Ltd. (U.K.)
• BSB Engineering (U.K.)
• Eindec (Singapore)
• Teknotherm Marine (Norway)
• Greenheck (U.S.)
• Sagicofim (Italy)
• Johnson Controls (Ireland)
• FlaktGroup (India)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.