Fire Rated Duct market Market Scope
Fire-rated ductwork enhances the safe operation of heating, ventilation, and air conditioning (HVAC) systems by reducing the risk of fire spread. As a barrier between ducts, effective fire-resistive insulation slows or stops the spread of flames and smoke throughout the building. Buildings with smoke extraction ducts can more effectively battle fires and minimize flashovers. They are primarily utilized in atriums, big compartments, parking garages, high-rise structures, and office and residential complexes. Ducts covered in flexible fire-rated duct wrap, offer solutions for increased building space efficiency and easier access to air-control equipment. Ductworks that are fire rated are utilized to ensure fire compartmentation. More specifically, heat and fire transmission between two compartments can be prevented via fire-rated ventilation ducts.
|Unit||Value (USD Million)|
|Key Companies Profiled||ROCKWOOL Group (Denamark), Leminar Group (Dubai), Durasystems (Canada), AIR MASTER EQUIPMENTS EMIRATES LLC (United Arab Emirates), Kanva Cool Industries (India), Thorduct (UK), Mectronoman (Oman), Cmsglobal (United States), Conquest Firespray LLC (United States) and Eco Smart International (Australia)|
Several large and small industry players participate extensively to enhance their manufacturing capabilities by leveraging modern technology. Numerous collaborations and partnerships with the government pertaining to aid in strengthening the market competencies of the key players. This offers them a competitive edge to sustain their market position.
ROCKWOOL Group (Denamark), Leminar Group (Dubai), Durasystems (Canada), AIR MASTER EQUIPMENTS EMIRATES LLC (United Arab Emirates), Kanva Cool Industries (India), Thorduct (UK), Mectronoman (Oman), Cmsglobal (United States), Conquest Firespray LLC (United States) and Eco Smart International (Australia) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Fire Rated Duct market market by Type , by Application (Hospitals, Commercials Buildings, Residential Buildings and Government offices) and Region with country level break-up.
On the basis of geography, the market of Fire Rated Duct market has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesYangzhou KEWO Energy Conservation New Materials Co., Ltd., a manufacturer of stone wool in China, has been fully acquired by ROCKWOOL Group. The acquisition helped ROCKWOOL significantly increase its production capacity in China and advance the Group's steady growth in the Chinese market.
Air Master" Fire Rated Ductwork was launched by Airmasteremirates. This product had successfully passed tests for integrity, stability, and insulation criterion for Duct A in cellulosic fire conditions in both horizontal and vertical orientations for over 120 minutes.
Influencing Trend:Manufacturers are introducing new fire ductworks, with advance tech enable features and higher efficiency
Market Growth Drivers:Fire safety solutions are important to implement in large commercial, residential, and government buildings for the safety purpose of people, which will drive the market
Challenges:Fire Ductwork is heavy and big in size, Installation of this system in large commercial buildings is a tedious task
Restraints:The cost of raw materials for fire-rated ducts is too expensive which is difficult to install in some commercial or residential buildings. The lack of standards for fire-rated ducts makes it difficult for managers to choose the best options available in market
Opportunities:Government regulations for the safety of people, force residential and commercial managers to install fire ductwork in buildings. Fire Ductworks can install in warehouses, where normal ducts cannot be install