An Ultimate Guide to Smoke and Fire Damper Market to Reach $277.6 Million By 2032 | Trox, Flakt, Ruidong, Nailor, Tecno

global smoke and fire damper industry generated $163.2 million in 2022, and is anticipated to generate $277.6 million by 2032

PORTLAND, UNITED STATES, August 10, 2023/EINPresswire.com/ -- 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.

quote The global smoke and fire damper market has witnessed significant growth over the past decade, owing to the growth of the construction industry. In addition, growth in awareness regarding use of fire safety systems and stringent fire safety regulations drives the growth of the market. quote

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Key Market Players

TROX GmbH

Ruidong Group Co.,Ltd.

Johnson Controls International plc

BSB Engineering Services Ltd.

Celmec International Pty Ltd

Komfovent

Nailor Industries, Inc.

Alnor Systemy Wentylacji Sp. z o.o.

Tecno-ventil S.p.A.

Flakt Group

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.

Smoke and fire dampers are essential components of building Heating, Ventilation, and Air Conditioning (HVAC) systems that help in improving fire safety and preventing the spread of smoke and fire within a building. In addition, smoke and fire damper are designed to restrict the flow of fire and hard gas within the building they're installed in the building partitions such as wall floor ceiling and automatically closed when exposed to high temperature or high number create a barrier compartmentalize the fire preventing its rapid spread to other areas and allowing more time to evacuation and firefight

Rapid surge in the population globally and growth in economy have led to increase in infrastructure & development-related projects, especially in emerging economies. Thus, increase in number of residential complexes, construction of roads, and development of infrastructure, especially in emerging economies such as India, China, Bangladesh, and Africa, are expected to drive the market growth. In addition, government programs for affordable housing help boost the demand for properties, which in turn drives the growth of the market. In addition, governments and regulatory bodies around the world are continuously updating and enforcing stricter safety regulations to protect buildings and occupants from fire hazards. Smoke and fire dampers play a crucial role in preventing the spread of fire, smoke, and toxic gases through ventilation systems, thereby providing valuable time for evacuation and reducing property damage.

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Growth of the residential construction industry increases the demand for smoke and fire dampers. Residential construction sector is having significant smoke and fire damper market share. For instance, article released by Global Construction and Oxford Economics has stated that the construction sector will grow by 85% to $15.5 trillion across the world by the year 2030, with three countries China, US and India, leading the way and accounting for 57% of all global growth. Hence, the expanding construction sector is one of the key drivers of the country's economic recovery, and as a result, the smoke and fire damper industry is expected to witness growth during the forecast period. In addition, the demand for construction of residential buildings and commercial projects is on the rise, owing to an increase in regulatory developments of the global population. Therefore, surge in residential and commercial construction activities is anticipated to drive the growth of the smoke and fire damper market. Moreover, there is a growing awareness among building owners, operators, and occupants about the importance of fire safety. People are more conscious of the potential risks associated with fire incidents and are actively seeking solutions to mitigate those risks. Smoke and fire dampers are seen as essential components of fire protection systems, leading to increased demand.

However, demand for smoke and fire dampers is driven by new construction projects or major building renovation. In established, building the retrofit market limit the growth of potential compared to new construction. As a result, the market growth rate varies depending on the level of construction activity in regions. Furthermore, while compliance with building codes and regulations is an advantage it can also present challenges for the market. Change in fire safety regulation and involving code requirements may impose additional obligation and cost on building owners.

As per the smoke and fire damper market analysis, infrastructure investment requirements are increasing significantly across the globe, particularly in developing economies. Overall, around $78 trillion is expected to be spent globally by 2025 on infrastructural development. Moreover, infrastructure spending has recovered from the global financial crisis, and is expected to grow more than $5 trillion per year by 2025. Furthermore, surge in urbanization in the emerging markets, such as Indonesia, Nigeria, and China, is expected to boost spending for infrastructural sectors such as residential houses and commercial spaces. In addition, increased adoption of smoke and fire damper offers multiple advantages such as fire contaminant, smoke control system, integration customization and flexibility testing, and less manpower requirement. All such instances are anticipated to provide lucrative opportunity for the smoke and fire damper market growth.

Furthermore, the smoke and fire damper industry has seen technological advancements in recent years. Manufacturers are developing more advanced dampers with improved performance, durability, and ease of installation. These advancements have instilled confidence in buyers, leading to increased adoption and demand for these products.

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David Correa
Allied Analytics LLP
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