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

Updated On: 10 June 2024

Marine Fire Damper Market Report Overview

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

A device installed in ducts and air transfer openings of an air distribution or smoke control system that is designed to automatically close upon the detection of heat is known 9as a fire damper. The fire damper known as a marine fire damper is specifically made for marine applications. Marine fire dampers are used in the air conditioning and ventilation ductwork to prevent the spread of fire, smoke, and gas inside the ducting on yachts, merchant ships, navy ships, and offshore rigs.

The fire and gas dampers will automatically close in the event of a fire, preventing more oxygen from entering the area to feed and spread a fire. Smoke dampers, which are installed in the ductwork and air handling units of HVAC systems to stop the spread of smoke and fire, are a crucial life safety measure. In many nations, smoke dampers are required by building rules, and their use is expanding as more people realize how important fire protection is.

COVID 19 Impact: Lockdown Restrictions to Hamper Market Growth

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

The effects of COVID-19 are a concern since its emergence in December 2019, the COVID-19 virus has expanded to every country and caused significant economic and human losses. The global manufacturing, travel, and financial sectors have all been severely impacted, while the internet market and industry have grown. Fortunately, the negative effects of COVID-19 are anticipated to diminish and the world economy to recover due to the development of a vaccine and other efforts by international governments and organizations.

LATEST TRENDS

"Increasing Demand for Construction Sector to Foster Market Expansion"

A tool called a combination fire and smoke damper is used to stop the spread of fire and smoke inside structures. It is typically installed in air handling equipment or ducting. The dual-purpose function of a combination fire and smoke damper is to impede the movement of smoke and hinder the passage of fire. A damper that has undergone air tightness testing under both positive and negative pressure differences. Due to their resemblance to fire dampers, combination fire/smoke dampers are included.

The global increase in demand for residential, commercial, and industrial buildings is to blame for the market expansion. Additionally, the market is expanding as a result of the rising use of fire and smoke dampers in marine applications.

Marine Fire Damper Market Segmentation

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• By Type

Based on type, the market is divided into Electrical Actuators Type and Manual Actuators Type.  

• By Application

Based on the application, the market is divided into Yachts, Merchant Ships, Navy Vessels, and Others.

DRIVING FACTORS

"Increasing Adoption from Residential and Commercial Buildings to Incite Market Growth "

In an industrial setting, safety is a crucial consideration. In addition to posing a serious risk to people's lives and the environment, sudden and uncontrolled fires also add significantly to the operator's costs because they force them to halt operating or producing. To stop fires and gasses from spreading through ventilation ductworks in an industrial setting, Halton offers fire and gas dampers. Dampers have numerous certifications for use in various conditions. Modern building safety systems heavily rely on combination fire and smoke dampers. In the event of a fire emergency, they aid in preventing the spread of fire and smoke. They will examine the market for combined fire and smoke dampers in more detail and project how it will develop over the coming years.

"Stringent Government Regulations to Accelerate Market Growth "

The strict government standards for fire safety in commercial and industrial buildings are to blame for the expansion of the world market. The market for marine fire dampers is also being driven by the rising awareness of the significance of fire safety in homes. Additionally, it is projected that throughout the projection period, the demand for rectangular fire and smoke dampers would be boosted by the rising construction activities around the world.

RESTRAINING FACTORS

"High Cost to Hamper Market Expansion "

The funds for R&D activities are of high cost. There has been an additional result, which is disturbing high-end resources to be relieved by low-end ingredients to upsurge the revenue border. Such features may impede the growth of the marine fire damper market to an assured degree.

Marine Fire Damper Market Regional Insights

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"Rising Public Awareness in North America to Drive Market Share "

North America is estimated to hold a larger part of the marine fire damper market share due to The expansion of this market owing to the strict government fire safety laws, rising public awareness of the significance of fire safety, and the presence of top manufacturers here. The marine fire damper industry is expanding rapidly throughout Latin America due to the growing public knowledge of the advantages of these devices. During the projected period, the strict government laws governing the installation of fire and smoke dampers in commercial and industrial buildings are also anticipated to positively affect marine fire dampers market growth.

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The expansion of these areas can be linked to increased construction activity, more fire safety awareness, and stricter government fire safety rules. Another element that is projected to support the expansion of this market is the existence of significant players in these areas. Government laws are another element boosting the global market for marine fire dampers.

List of Market Players Profiled

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

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.