Fire Rated Duct Market Share

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.