According to a recent survey published by FMI, the global Fire Rated Ducts market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Fire Rated Ducts over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Fire Rated Ducts Market
Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.
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With the emergence of industry 4.0, manufacturing facilities are emphasizing on adopting novel technologies such as artificial intelligence, smart manufacturing, internet of things (IoT), and machine learning among others. This is expected to create lucrative growth opportunities in the Fire Rated Ducts market.
Additionally, increasing government emphasis building a better manufacturing sector and integration of augmented and virtual reality using smart equipment to enhance the output is estimated to propel the demand in the market for coming years.
Key Fire Rated Ducts Market Takeaways and Projections
- The U.S. is estimated dominate the Fire Rated Ducts market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2023 and 2033
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Fire Rated Ducts Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Fire Rated Ducts Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Fire Rated Ducts As per the survey, Fire Rated Ducts sales will project steady growth over the forecast period.
- Fire Rated Ducts Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Fire Rated Ducts.
- Fire Rated Ducts Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Competitive Landscape Analysis
Some of the leading manufacturers and suppliers of Fire Rated Ducts include
- Lindab AB
- Unifrax LLC
- Durasystems
- Leminar Air Conditioning Industries LLC
- Firetrace Ductwork Ltd.
- Firth Sheet Metal
- CMS Group of Companies
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Key Segments of Fire Rated Ducts Market
By Material:
- Steel
- Aluminum
- Fiber Glass
- Polymers
- Others
By Shape:
- Round
- Half Round
- Rectangular
- Triangular
- Others
By Penetration:
- Walls
- Decks
- Floor
- Others
By Service:
- Core Drilling
- Seals
- Duct Installation
- Others
By Application:
- Commercial Facilities
- Public Facilities
- Industrial Facilities
- Others
By Region:
- North America
- USA
- Canada
- Latin America
- Brazil
- Mexico
- Europe
- Germany
- Italy
- France
- United Kingdom
- Spain
- BENELUX
- Russia
- Nordics
- South Asia Pacific
- India
- ASEAN countries
- Oceania
- East Asia
- China
- Japan
- South Korea
- Middle East & Africa
- GCC
- Turkey
- South Africa
- North Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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