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.
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 ANALYSIS
Key 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 VentilKey Benefits For Stakeholders
- This 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 Segments
By Type
- Manual
- Motorized
By Distribution Channel
- Online
- Offline
By Application
- Residential
- Commercial
- Industrial
By Region
- North 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
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SMOKE AND FIRE DAMPER MARKET, BY TYPE
CHAPTER 5: SMOKE AND FIRE DAMPER MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 6: SMOKE AND FIRE DAMPER MARKET, BY APPLICATION
CHAPTER 7: SMOKE AND FIRE DAMPER MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
The Smoke and Fire Damper Market is likely to experience a significant growth rate of 5.5% from 2022-2032 owing to increasing market demand from Commercial and Industrial.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.
Owners of buildings, facility managers, and residents are becoming more conscious regarding the need for fire safety systems. High profile fire events and educational programs have also emphasized over the significance of fire safety precautions. Furthermore, the enhanced awareness fuels the desire for a thorough fire safety system, which includes smoke and fire dampers. In addition, smoke and fire dampers are installed in commercial, residential, and industrial buildings as per building standards and fire safety regulations. These laws were upheld by the government and are intended to safeguard people and property in the case of a fire. The need for smoke and fire damper systems may therefore be driven by compliance with these requirements.
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).
Key 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 Market Insights
- By type, the motorized segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 4.4% from 2023 to 2032.
- By distribution channel, the offline segment is projected to grow at a CAGR of 4.7% during the forecast period.
- By application, the commercial segment is projected to grow at a CAGR of 4.8% during the forecast period.
- Region wise, North America is expected to experience growth at the highest rate, registering a CAGR of 4.4% during the forecast period.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 213 |
| Published | June 2023 |
| Forecast Period | 2022 - 2032 |
| Estimated Market Value ( USD | $ 163.2 million |
| Forecasted Market Value ( USD | $ 277.6 million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
