Smoke And Fire Damper Market By Type (Manual, Motorized), By Distribution Channel (Online, Offline), By Application (Residential, Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global smoke and fire damper market was valued at $163.2 million in 2022, and is projected to reach $277.6 million by 2032, registering a CAGR of 5.5% from 2023 to 2032. Smoke and fire damper are mechanical systems that are used with heating, ventilation and air conditioning (HVAC) systems to prevent the circulation of smoke and fire inside the structure. Such devices are usually found in ventilation openings, and it helps in effectively blocking the passage of smoke and flames.
The usage of fire safety systems is gaining popularity amongst building owners, facility managers, and residents. The significance of fire safety measures has also been highlighted through high profile fire events and instructional efforts. Thus, there is a greater need for a complete fire safety system that includes smoke and fire dampers, owing to the growth in awareness. In addition, fire safety regulations and building codes require installation of smoke and fire dampers in commercial, residential and industrial buildings. Furthermore, such regulations are enforced by government authorities that aim to protect lives and property in case of fire. Hence, such compliances with the regulations drive the demand for smoke and fire damper systems.
However, lack of skilled labor and infrastructure is the major factor that hampers the growth of the market. In addition, most people in underdeveloped nations believe that investing in infrastructure and buildings that provide fire and smoke protection is a waste of money. Moreover, smoke and damper increase the overall cost of construction projects. Budget limitations or cost-conscious decision-making builders, contractors, or building owners can lead to reduced spending on fire safety measures and systems, including dampers. Hence, such lack of knowledge and skill regarding smoke and fire damper restrain the growth of the market.
On the contrary, there is growth in infrastructural development in developing economies, due to rise in urbanization. As per the trends, government in different regionsspent close to $50 trillion on building infrastructure between 2014 and 2023. In addition, after the global financial crisis, infrastructure investment has recovered and is projected to grow by more than $5 trillion by 2025. Further, it is projected that rise in infrastructural spending, including spending on homes and businesses, will result from fast urbanization of developing nations like Indonesia, Nigeria, and China. The usage of smoke and fire dampers for new buildings makes it easier for building occupants to leave, thus, reducing property damage. All such instances are anticipated to provide lucrative opportunities for the growth of the smoke and fire damper market.
The smoke and fire damper market is segmented on the basis of type, distribution channel, application and region. On the basis of type, the market is bifurcated into manual and motorized. The motorized segment dominated the market in 2022. On the basis of distribution channel, the market is classified into online and offline. The offline segment generated the highest revenue in 2022. On the basis of application, the market is divided into residential, commercial, and industrial. The commercial segment generated the highest revenue in 2022.
By region, the smoke and fire dampers market are analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In 2022, North America was the highest contributor to the global smoke and fire dampers market share, and LAMEA is anticipated to secure a leading position during the forecast period.
COMPETITION ANALYSISKey companies profiled in the smoke and fire damper market report include Trox, Johnson Controls, Flakt Group, Ruidong Group, Alnor, BSB Engineering Services, Nailor, Komfovent, Celmec and Tecno Ventil
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smoke and fire damper market analysis from 2022 to 2032 to identify the prevailing smoke and fire damper market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the smoke and fire damper market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global smoke and fire damper market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeManual
Motorized
By Distribution ChannelOnline
Offline
By ApplicationResidential
Commercial
Industrial
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Alnor Systemy Wentylacji Sp. z o.o.
BSB Engineering Services Ltd.
Celmec International Pty Ltd
Flakt Group
Johnson Controls International plc
Komfovent
Nailor Industries, Inc.
Ruidong Group Co.,Ltd.
Tecno-ventil S.p.A.
TROX GmbH
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