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Global Smoke and Fire Damper Market to reach USD 250.46 million by the end of 2030.

Global Smoke and Fire Damper Market Size study & Forecast, by Type (Manual, Motorized), by Distribution Channel (Online, Offline), by Application (Residential, Commercial, Industrial) and Regional Analysis, 2023-2030

Product Code: OIRIME-53528092
Publish Date: 20-12-2023
Page: 200

Global Smoke and Fire Damper Market is valued at approximately USD 163.2 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2023-2030. Smoke and fire dampers serve as crucial devices for containing the spread of fire and smoke within a building. Their primary purpose is to ensure the safety of individuals and safeguard property in the event of a fire. These dampers are commonly integrated into the HVAC systems of residential, commercial, and industrial structures. Smoke and fire dampers are installed in buildings to comply with government regulations and building standards for fire safety. These dampers are necessary to protect people and property in the event of a fire. Increasing awareness and strict fire safety regulations drive the demand for smoke and fire damper systems in residential, commercial, and industrial buildings.

The commercial industry’s emphasis on fire safety regulations, construction activities, and growing awareness about the importance of fire protection systems significantly impacts the Smoke and Fire Dampers Market, driving its growth. According to unctad.org in 2021, the report states that the value of global trade surged to an unprecedented level of USD 28.5 trillion in 2021, showcasing a remarkable growth of 25% compared to the previous year and a significant 13% rise compared to 2019. In the upcoming year, it is projected that world merchandise trade volume continue to expand, with an expected growth rate of 3.5% in 2022. Furthermore, makers of smoke and fire dampers have a lot of potential due to rising infrastructure expenditure, increased urbanisation, and the development of infrastructure in emerging markets. However, the high initial cost of Smoke and Fire Damper stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Smoke and Fire Damper Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to well-established building codes and regulations that prioritize fire safety. The installation of smoke and fire dampers is mandated by regulations such as the NFPA standards and IBC in commercial, residential, and industrial buildings. Similar regulations enforced in other regions create a consistent demand for smoke and fire damper systems. Asia Pacific is expected to grow significantly over the forecast period, owing to rapid urbanization and industrialization, resulting in increased construction activities. This, coupled with growing awareness of fire safety, has led to the enforcement of stricter regulations and standards by governments and organizations. Additionally, there is significant infrastructure development in sectors such as hospitality, healthcare, and transportation.

Major market player included in this report are:
Flakt Group
TROX GmbH
Ruidong Group Co., Ltd.
Nailor Industries, Inc.
Tecno-ventil S.p.A.
Komfovent
Celmec International Pty Ltd
BSB Engineering Services Ltd.
Alnor Systemy Wentylacji Sp. z o.o.
Johnson Controls International plc

Recent Developments in the Market:
Ø In March 2023, Duro Dyne made its debut in the fire damper market by introducing a comprehensive range of fire, smoke, and opposed blade dampers. These new products were showcased together in a dedicated display at the 2023 AHR Expo. Gina Marx, a representative from Duro Dyne, stated that they initially focused on deploying their innovative designs in the New York market to initiate progress.

Global Smoke and Fire Damper Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Distribution Channel, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Manual
Motorized
By Distribution Channel:
Online
Offline
By Application:
Residential
Commercial
Industrial

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Smoke and Fire Damper Market, by Type, 2020-2030 (USD Million)
1.2.2. Smoke and Fire Damper Market, by Distribution Channel, 2020-2030 (USD Million)
1.2.3. Smoke and Fire Damper Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smoke and Fire Damper Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smoke and Fire Damper Market Dynamics
3.1. Smoke and Fire Damper Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Growth in awareness regarding use of fire safety systems and stringent fire safety regulations
3.1.1.2. Growth in the construction industry
3.1.2. Market Challenges
3.1.2.1. Lack of skilled staff
3.1.2.2. High initial costs
3.1.3. Market Opportunities
3.1.3.1. Increase in investment in infrastructure
3.1.3.2. Rapid urbanization and infrastructure development
Chapter 4. Global Smoke and Fire Damper Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Smoke and Fire Damper Market, by Type
5.1. Market Snapshot
5.2. Global Smoke and Fire Damper Market by Type, Performance – Potential Analysis
5.3. Global Smoke and Fire Damper Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Smoke and Fire Damper Market, Sub Segment Analysis
5.4.1. Manual
5.4.2. Motorized
Chapter 6. Global Smoke and Fire Damper Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Smoke and Fire Damper Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Smoke and Fire Damper Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Million)
6.4. Smoke and Fire Damper Market, Sub Segment Analysis
6.4.1. Online
6.4.2. Offline
Chapter 7. Global Smoke and Fire Damper Market, by Application
7.1. Market Snapshot
7.2. Global Smoke and Fire Damper Market by Application, Performance – Potential Analysis
7.3. Global Smoke and Fire Damper Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Smoke and Fire Damper Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
Chapter 8. Global Smoke and Fire Damper Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Smoke and Fire Damper Market, Regional Market Snapshot
8.4. North America Smoke and Fire Damper Market
8.4.1. U.S. Smoke and Fire Damper Market
8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
8.4.1.2. Distribution Channel breakdown estimates & forecasts, 2020-2030
8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Smoke and Fire Damper Market
8.5. Europe Smoke and Fire Damper Market Snapshot
8.5.1. U.K. Smoke and Fire Damper Market
8.5.2. Germany Smoke and Fire Damper Market
8.5.3. France Smoke and Fire Damper Market
8.5.4. Spain Smoke and Fire Damper Market
8.5.5. Italy Smoke and Fire Damper Market
8.5.6. Rest of Europe Smoke and Fire Damper Market
8.6. Asia-Pacific Smoke and Fire Damper Market Snapshot
8.6.1. China Smoke and Fire Damper Market
8.6.2. India Smoke and Fire Damper Market
8.6.3. Japan Smoke and Fire Damper Market
8.6.4. Australia Smoke and Fire Damper Market
8.6.5. South Korea Smoke and Fire Damper Market
8.6.6. Rest of Asia Pacific Smoke and Fire Damper Market
8.7. Latin America Smoke and Fire Damper Market Snapshot
8.7.1. Brazil Smoke and Fire Damper Market
8.7.2. Mexico Smoke and Fire Damper Market
8.8. Middle East & Africa Smoke and Fire Damper Market
8.8.1. Saudi Arabia Smoke and Fire Damper Market
8.8.2. South Africa Smoke and Fire Damper Market
8.8.3. Rest of Middle East & Africa Smoke and Fire Damper Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Flakt Group
9.3.1.1. Key Information
9.3.1.2. Overview
9.3.1.3. Financial (Subject to Data Availability)
9.3.1.4. Product Summary
9.3.1.5. Recent Developments
9.3.2. TROX GmbH
9.3.3. Ruidong Group Co., Ltd.
9.3.4. Nailor Industries, Inc.
9.3.5. Tecno-ventil S.p.A.
9.3.6. Komfovent
9.3.7. Celmec International Pty Ltd
9.3.8. BSB Engineering Services Ltd.
9.3.9. Alnor Systemy Wentylacji Sp. z o.o.
9.3.10. Johnson Controls International plc
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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