Marine Fire-Fighting Equipment Market was valued US$ XX Bn in 2019 and the total revenue is expected to grow at a CAGR of 2.37 % from 2019 to 2027, reaching US$ XX Bn.
Marine Fire-Fighting Equipment Market
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This is a comprehensive international report targeted on present and future prospects of the Marine Fire-Fighting Equipment Market. This report presents a consolidation of primary and secondary analysis that provides market size, share, dynamics and forecast for numerous segments and sub-segments considering the macro and small environment factors. The report also covers an in-depth analysis of COVID 19 pandemic impact on the sales revenue of Marine Fire-Fighting Equipment Market by year-wise and region and on the key players revenue affected till July 2020 and expected short term and long-term impact on the market.
Marine Fire-Fighting Equipment Market Overview:
A ship is allowed to sail in water, whether in international waters or domestic waters, if it is built in compliance with the code of the fire safety system and carries the necessary fire-fighting equipment approved by the authority concerned. Fire can be caused by the presence of high temperatures, an excess amount of flammable oil, and other fuel in the ship. Because of this, in marine ships, protection devices are mandatory. This has resulted in rise in demand over time for marine firefighting equipment. A ship is equipped with fire retardant and firefighting equipment of a portable or fixed sort. The firefighting devices mounted in the vessel should comply with the specifications of MC SOLAS (Safety of Life at Sea) and ICE (Immigration and Customs Enforcement) approval.
Marine Fire-Fighting Equipment market – Dynamics
Market research is one of the key growth drivers for the marine firefighting equipment market as the growth of the cruise shipping industry. The growth of the cruise shipping industry has been affected by the rising demand from cruise travel agencies and the enthusiasm of cruisers for travelling. This raises investment to meet growing demand, resulting in an increase in the number of cruise ships operating on river and sea. This rise in the number of cruises would have a major effect on the growth of the marine firefighting equipment industry, given the mandatory need to equip ships with safety equipment such as fire extinguishers, smoke detectors, fire warnings, and automatic sprinkler systems.
Increasing concerns regarding the installation of safety devices on ships, compliance with safety standards, crew safety training, firefighting, the current safety legislation, and proper training of crew and marine officials would have an impact on improving the safety of ships. Several safety features such as strengthened structural fire protection, high-pressure water mist systems, and enhanced support for vessels and ships in emergency and regular operations are implemented by key vendors. In order to strengthen their survival at sea, cruise ships have begun conducting emergency response exercises. These features can strengthen the adaptability of the new technology and also increase the performance of techniques for fire suppression. One of the main factors leading to the growth of the market is the rapidly changing passenger ship safety initiatives due to the increasing cruise shipping industry.
Owing to the involvement of many foreign and regional players providing a wide range of marine firefighting equipment, the marine firefighting equipment market is highly fragmented. The market is competitive, and the manufacturers of marine firefighting equipment compete primarily on the basis of product developments, technical advancements, expense and promotional activities. In addition, manufacturers are now concentrating on delivering products that are combined with emerging technology to improve their market share.
Marine Fire-Fighting Equipment Market-Regional Analysis
By geography, global marine fire-fighting equipment market is segmented into North America, APAC, Europe, ME Africa and South America. Among these, North America is expected to retain the major market share during the forecast period. The development of the marine firefighting equipment market is expected to fuel an increase in demand for naval vessels in the Asia Pacific and Middle East Africa regions. This is due to the use of protection products in naval vessels, such as firefighting equipment. This will give these regions significant growth prospects in the future.
The objective of the report is to present a comprehensive analysis of the Marine Fire-Fighting Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Marine Fire-Fighting Equipment Market dynamics, structure by analyzing the market segments and project of the Marine Fire-Fighting Equipment Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and Regional Presence in the Marine Fire-Fighting Equipment Market make the report investor’s guide.
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Scope of Marine Fire-Fighting Equipment Market: Inquire before buying
Marine Fire-Fighting Equipment Market, By Type
Marine Fire-Fighting Equipment Market, By Product Type
• Portable Fire Extinguishers
• Fire Doors
• Fire Dampers
• Fire Pumps
• Fire main piping and valves
• Fire hose and nozzles
• Fire Hydrants
• Fixed Fire Extinguishers
• Fire Detectors and alarms
• Inert gas system
• Emergency escape breathing device(EEBD)
• Fire fighter outfit and others
Marine Fire-Fighting Equipment Market, By Region
• North America
• ME Africa
• Latin America
Marine Fire-Fighting Equipment Market Key Players
• Akron Brass
• Amerex Fire International
• Asiatic Fire System
• Fireboy- Xintex
• Sea- Fire
• Danfoss Semco
• Fluid Global Solutions
• Hochiki Europe
• Elkhart Brass Manufacturing
• Garbarino Pump Asia
• Jason Engineering
• Kidde- Fenwal
• Survitec Group and others.
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