Smoke Pressure System Market: Competitive Insights, Trends and Demand Growth to 2024
Global smoke pressure system market is anticipated to depict a CAGR of 5% through 2024, having recorded a valuation of USD 400 million in 2017. By 2024, the market is expected to hit a remuneration of USD 590 million
Smoke pressure system market has been one of the major verticals to be impacted on account of the changing trends toward energy efficiency that the globe has been witnessing. Regulatory bodies have now mandated the deployment of smoke pressure devices in high-rise buildings for ensuring the safety of buildings as well as occupants. The increasing need for smoke management systems in residential as well as commercial buildings will thus have a favorable influence on smoke pressure system industry trends, considering that toxic gas and smoke are the major causes of hazardous in most buildings.
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The support of governmental bodies certainly, also holds major significance, as they have worked to frame building codes that contractors would need to adhere to. The mandate has led to a rise in the deployment of fire security systems, thereby fueling smoke pressure system market size. Currently, these building construction and safety norms are being followed by many healthcare service providers in order to maintain a safe, comfortable, and non-hazardous environment for patients. Numerous healthcare facility owners have made it a compulsion to install fire protection systems in their hospitals and clinics to reduce the occurrence of fire-related fatalities.
In a world driven by technology, the advent of artificial intelligence and cloud computing has been augmenting smoke pressure system industry outlook, as many companies have been involved in the development of innovative, tech-supported smoke management systems. IoT for instance, has helped to reduce the complexity of smoke pressure systems with the assistance of synthetic sensors.
In consequence, many vendors have started to commercialize these sensors so that they can be deployed on a large scale in smoke pressure systems. These IoT based sensors are also useful to detect the sound of a smoke alarm, door opening, and water leaking systems. The increasing adoption of such wireless monitoring systems is thus poised to enhance smoke pressure system market trends over the years ahead.
Undoubtedly, these instances depict that smoke pressure system market is one of the recipients of the changing technological landscape that the globe has been witnessing. The vertical is also significantly influenced by the ongoing research and development activities that are being carried out to improve the functionality of smoke pressure systems. In this regard for instance, the NIST (National Institute of Standards and Technology) has conducted numerous experiments and has worked on a major research study that focused on improving the variables such as fan angle, fan size, number of fans, location of vents open, and number of doors open, in smoke pressure systems. The study also involved full-scale experiments that were conducted to characterize a PPV (positive pressure ventilation) fan in terms of velocity. For the record, a PPV fan helps to pressurize the fire in the hallway, which subsequently prevents infiltration of smoke.
The on-going research & development programs related to product advancement is likely to boost smoke pressure system industry share over the years ahead. Growing deployment of strict regulatory norms related to building construction will also fuel the product demand in the future. With the IT and telecom and healthcare sectors extensively deploying smoke management systems, the application landscape of smoke pressure system market will only serve to expand.
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Some Point from Table of Contents:
Data Tables
TABLE 1. Smoke pressure system industry 3600 synopsis, 2013 - 2024
TABLE 2. Global smoke pressure system market, 2013 - 2017 (USD Million)
TABLE 3. Global smoke pressure system industry, 2018 – 2024 (USD Million)
TABLE 4. Global smoke pressure system industry, by region, 2013 - 2017 (USD Million)
TABLE 5. Global smoke pressure system industry, by region, 2018 - 2024 (USD Million)
TABLE 6. Global smoke pressure system market, by product, 2013 - 2017 (USD Million)
TABLE 7. Global smoke pressure system industry, by product, 2018 - 2024 (USD Million)
TABLE 8. Global smoke pressure system market, by component, 2013 - 2017 (USD Million)
TABLE 9. Global smoke pressure system industry, by component, 2018 - 2024 (USD Million)
TABLE 10. Vendor matrix
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