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United States Smoke Pressure System Market is anticipated to grow at a CAGR of 7% by 2024

Author : Rahul Varpe | Published Date : 2019-08-29 

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.

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% over 2018-2024. However, high maintenance cost along with difficulty in its designing in high rise structures may somewhat deter the market growth path in the coming years. Nonetheless, with the product landscape anticipated to witness an appreciable expansion, the market is certain to chalk out a profitable roadmap in the years ahead. In terms of commercialization, the overall industry would exceed a valuation of USD 590 million by 2024.

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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.

Smoke Pressure System Market by Product Analysis:

Product segmentation: The report claims that the product landscape of the Smoke Pressure System is subdivided into –

  • Roof Mounted
  • Wall Installation

Smoke Pressure System Market, by Component

  • Supply air fan unit
  • Control panel
  • Sensors
  • Accessories

The importance of stairwell pressurization has already been identified globally with the multitude of efforts undertaken by the smoke pressure system market 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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High maintenance cost along with difficulty in its designing in high rise structures may somewhat deter the smoke pressure system market growth path in the coming years. Nonetheless, with the product landscape anticipated to witness an appreciable expansion, smoke pressure system industry is certain to chalk out a profitable roadmap in the years ahead. In terms of commercialization, the overall industry would exceed a valuation of USD 590 million by 2024.

Key players operating in the smoke pressure system market include:

  • Greenheck Fan Corporation
  • Flakt Group
  • Colt International Ltd
  • Systemair AB
  • NOVENCO Building & Industry
  • Aldes Aeraulique S.A
  • Nuaire
  • Sodeca SLU
  • Air Pressure Solution
  • Essmann Group
  • Strulik GmbH

The industry is consolidated owing to the presence of a few players owning the majority of the market share. Intense competition among major players to offer technologically-advanced solutions also contributes to the smoke pressure system market growth.

Related News: https://www.marketwatch.com/press-release/2019-24-agriculture-equipment-market-by-industry-trends-regional-forecast-2019-08-29

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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