ID: MRFR/E&P/8936-CR | February 2021 | Region: Global | 155 pages
Fire Rated Ducts Market to grow at a rate of 7.1% during the forecast period 2021-2027.
Fire-rated ducts provide fire compartmentation by facilitating a high level of protection in case of fire. There are mainly four types of fire-resistant ducts that are required for special uses under varied fire conditions. These fire-rated ducts can be further bifurcated into smoke extract fire ductwork, non-domestic kitchen extract fire ductwork, pressurization ductwork, and ventilation fire ductwork. All these fire ducts are used under different fire conditions.
The factors driving the demand for fire-rated ducts are the increasing need for fire safety solutions and stringent government regulations. Fire safety solutions are essential in ensuring safety and preventing fatalities and property loss. Over the past few years, there have been several fire-related accidents in residential, commercial, and industrial spaces that have led to several deaths. Hence, it becomes necessary for architects and engineers to install fire safety solutions in residential, commercial, and industrial buildings to avoid such losses. Fire-rated ducts are the fire rated ventilation ducts to avoid fire and thus guard the property against fire hazards.
Furthermore, fire protection has become an important part of enterprise safety, and enterprises must comply with the standards set by regulatory authorities. In the last few decades, there has been increased adoption of various fire protection systems, including fire-rated ducts, in residential, commercial, and industrial spaces. Additionally, stringent regulations imposed by the government and regulatory bodies have compelled them to implement fire-rated ducts on their premises. These enterprises require fire-rated ducts to prevent the spread of fire and heat between two compartments in buildings. The government authorities have implemented various regulations related to product classification and testing for the installation of fire-rated ducts as a safety measure. Moreover, the increasing loss of human lives and the need for safeguarding infrastructure have prompted enterprises to install and maintain fire-rated ducts on their premises. Thus, the stringent government regulations regarding safety are expected to drive the growth of the global fire rated ducts market during the forecast period.
The Prominent Players operating in the global fire rated ducts market are Lindab AB (Sweden), Unifrax LLC (US), Durasystems (Canada), Leminar Air Conditioning Industries LLC (UAE), Arcat, Inc (US), Firetrace Ductwork Ltd (UK), Firth Sheet Metal (UK), CMS Group of Companies (UAE), and Promat (Belgium).
Segmentation: Global Fire Rated Ducts Market
Global Fire Rated Ducts Market is segmented based on Material, Shape, Penetration, Service, Application, and Region. By material, the global market has been segmented into steel, aluminum, fiberglass, polymers, and others. By shape, the global market has been segmented into round, half-round, rectangular, triangular, and others. By penetration, the global market has been segmented into wall, decks, floor, and others. By service, the global market has been segmented into core drilling, seals, duct installation, and others. By application, the global market has been segmented into public facilities, commercial facilities, industrial facilities, and others.
Geographically, the global fire rated ducts market has been segmented into five major regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The market in North America is estimated to account for the highest share owing to The growing demand for energy-efficient HVAC systems in the industrial sector and increasing investments in the construction sector are the key factors driving the growth of the North America fire rated ducts market during the forecast period
The report for the global market of Market Research Future research covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|CAGR||7.1% CAGR (2020 - 2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Material, Shape, Penetration, Service, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Lindab AB (Sweden), Unifrax LLC (US), Durasystems (Canada), Leminar Air Conditioning Industries LLC (UAE), Arcat, Inc (US), Firetrace Ductwork Ltd (UK), Firth Sheet Metal (UK), CMS Group of Companies (UAE), and Promat (Belgium)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Fire Rated Ducts Market market is predicted to grow at 7.1% through forecast period of 2020-2027.
The forecast period for Fire Rated Ducts Market market research report is 2020-2027.
Global Fire Rated Ducts Market market is dominated by North America region.