Smoke Pressure System Market; Industry Global Revenue, Historical Growth & Forecast Period 2021-2024
The size of smoke pressure system market was registered at USD 400 Million in the year 2017 and is anticipated to cross USD 590 Million by 2024. Between the period 2018-2024, the market is expected to register a CAGR of 5%.
The smoke pressure system market has already gained prominence in the United States and the regional business space is slated to witness a CAGR of 7% by 2024. The importance of stairwell pressurization has already been identified globally with the multitude of efforts undertaken by the smoke pressure system industry players to enhance the product portfolio. These players are highly backing on research and development activities to come up technologically advanced systems that are absolutely in compliance with the regulatory standards.
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As per NFPA estimates, the U.S. fire departments addressed approximately 358500 home structures fires annually over the period 2011-2015. In this regard, it is prudent to mention that a major share of fire borne casualties are caused due to smoke inhalation of the toxic gases produced by fire. Actual flames or burns are responsible only for 30% of injuries or deaths. It can be apparently inferred that smoke pressure system market demand would upscale over the ensuing years, given the earnest requirement of installing these systems to combat the distressing scenario.
Smoke pressure system market size is expected to cross USD 590 million by the end of 2024. 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 industry will only serve to expand.
Speaking of the product landscape, smoke pressure system industry has gained tremendous monetary benefits from the sales of roof-mounted systems. In fact, roof-mounted based smoke pressure system market accounted for a lion’s share of 65% of the global revenue in 2017. The extensive growth can be majorly attributed to its enhanced capability of removing the harmful effects triggered by high temperature and humidity. In addition, subject to its anticorrosive galvanized steel structure, roof mounted systems also seem to be a viable option during extreme climate conditions.
It is imperative to mention that roof mounted smoke pressure system market has amassed a huge popularity in high-rise building applications, owing to its user-friendly layout that works seamlessly with the provision of vents on multiple floor structure. There has been a growing concern in the fire protection industry regarding the compatibility of superstructures with fire-safety standards. This is perhaps due to the fact that in these tall infrastructures, smoke can spread to upper floors through vertical openings, elevator shafts, and stairwells.
In consequence, toxicity and visibility become major concerns. Although some of the modern buildings are incorporated with fixed smoke management systems, these systems are not intended for complete fire suppression and overhaul activities, according to 2009 International Building Code Section 909.1. With the regulatory framework becoming more stringent to deploy efficient stairwell pressurization systems, the profitability quotient of smoke pressure system industry is certain to augment.
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Some Point from Table of Contents:
Chapter 4 Smoke Pressure System Market, By Product
4.1 Smoke pressure system industry share, by product, 2017 & 2024
4.2 Roof mounted
4.2.1 Market estimates and forecast, 2013 – 2024
4.2.2 Market estimates and forecast, by region, 2013 - 2024
4.3 Wall installation
4.3.1 Market estimates and forecast, 2013 – 2024
4.3.2 Market estimates and forecast, by region, 2013 - 2024
Chapter 5 Smoke Pressure System Market, By Component
5.1 Smoke pressure system industry share, by component, 2017 & 2024
5.2 Supply air fan
5.2.1 Market estimates and forecast, 2013 – 2024
5.2.2 Market estimates and forecast, by region, 2013 - 2024
5.3 Control panel
5.3.1 Market estimates and forecast, 2013 – 2024
5.3.2 Market estimates and forecast, by region, 2013 - 2024
5.4 Sensors
5.4.1 Market estimates and forecast, 2013 – 2024
5.4.2 Market estimates and forecast, by region, 2013 - 2024
5.5 Accessories
5.5.1 Market estimates and forecast, 2013 – 2024
5.5.2 Market estimates and forecast, by region, 2013 - 2024
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