Fire Rated Duct Market size is anticipated to reach USD 5.4 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of fire rated ducts was over USD 3 billion. The demand for fire-rated ducts in the building automation industry is expected to continue to rise due to the increasing trend of connected and smart buildings. According to our analysis, the revenue for the global building automation sector is estimated to reach nearly USD 270 billion by the end of 2024. With the growing interconnectivity of buildings, the need for secure infrastructure with fire protection capabilities becomes more prevalent. Fire-rated ducts are used to maintain the integrity of a building's systems and protect against fire and smoke damage.
The Fire Rated Duct Market is highly competitive, and to stay ahead of its rivals, it needs to continuously innovate and improve its products and services. This can be achieved by introducing new products and features that meet the latest industry standards and regulations. Additionally, developing better production processes, such as automation and quality control measures can significantly streamline the production process and reduce costs. Investing in research and development can also help the market discover new materials, improve existing technologies, and explore new applications. By taking these actions, the market can remain a leader in the industry and continue to meet the evolving needs of its customers.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~ 5% |
Base Year Market Size (2023) |
~ USD 3 Billion |
Forecast Year Market Size (2036) |
~ USD 5.4 Billion |
Regional Scope |
|
Type (Galvanized Steel Duct, Aluminum (AI) Duct, Flexible Duct, Fabric Duct)
The galvanized steel duct segment in the fire rated duct market is anticipated to hold 47% of the revenue share by 2036. Due to the growth in infrastructure development, consumption of steel products, and expansion in the automotive sector, the demand for galvanized steel has risen. This is because galvanized steel is highly durable and resistant to corrosion and tearing, which makes it a preferred choice. Galvanized duct systems usually last for about 50 years with minimal maintenance. In addition, manufacturers also provide aluminum ducts that are made of aluminum foil laminated with polyester film. Galvanized steel ducts are expected to experience a substantial increase in demand due to their longevity, durability, and low maintenance requirements. They can be used for extended periods in a variety of commercial, residential, and industrial applications.
Application (Public Facilities, Commercial Facilities, Industrial Facilities)
Fire rated duct market from the commercial facilities segment is estimated to hold major revenue share during the forecast period. Commercial facilities, such as hospitals and multi-specialty malls, invest heavily in the initial stage to provide fresh indoor air quality to their customers. Moreover, government entities are also investing in the development of green infrastructure. With the growing demand for more sustainable building options, green construction has become increasingly profitable and desirable in the global construction sector.
Our in-depth analysis of the global market includes the following segments:
Type |
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Application |
|
Shape |
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North American Market Forecast
North America fire rated duct market is anticipated to have the largest revenue share during the forecast period, accounting for 52% of the market. The region’s industrial sector's need for energy-efficient HVAC systems, coupled with the construction industry's rapid growth and increasing investments, is driving the demand for fire rated ducts in the US and Canada. As per our estimates, the HVAC system tends to generate a revenue of around USD 62 billion by 2029. Manufacturers are investing in infrastructure and material innovations to develop energy-efficient HVAC ducting for commercial facilities like institutional buildings and data centers, and to increase the production of fire rated ducts. Additionally, the installation of fire rated ducts in buildings is on the rise.
European Market Statistics
Europe fire rated duct market is expected to have a significant revenue share over the forecast period. Installing fire-rated ducts is becoming increasingly important in the healthcare industry to ensure the highest safety standards are met. In Europe, fire safety regulations require buildings to have ductwork that offers fire resistance through compartment walls or floors to prevent fire from spreading. Although each country in Europe has its fire regulations, the growing need for safer buildings has driven up the demand for fire ducts in the European market. To meet safety requirements, fire duct manufacturers and suppliers must obtain third-party product certificates and independent quality-assurance certificates to ensure that the ducts are of the correct size and do not leak. All of these factors contribute to the rising value of the fire-rated ducts market in the Europe region.
Author Credits: Richa Gupta
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