Global Marine Firefighting Equipment Market 2017-2021

Overview of the global marine firefighting equipment market

Technavio’s market study identifies the growth in cruise shipping industry to be one of the primary growth factors for the marine firefighting equipment market. The growing demand from cruise travel agencies and the passion of cruisers for travelling has influenced the growth of the cruise shipping industry. This increases investments to cater to the growing demand, which consequently increasing the number of cruise ships plying for river and sea cruises. With the mandatory need to equip ships with safety equipment such as fire extinguisher, smoke detectors, fire alarms, and automatic sprinkler systems, this increase in number of cruises will have a significant impact on the growth of the marine firefighting equipment market. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 2% by 2021.

Growing concerns about the installation of safety equipment on ships, safety compliance, crew safety training, firefighting, latest safety regulations, and proper training to the crew and marine officials will impact the enhancement of safety measures taken on ships. Key vendors are introducing several safety features such as enhanced structural fire protection, high-pressure water mist systems, and enhanced support for vessels and ships in emergency and daily operations. Cruise ships have started conducting emergency response drills to enhance their survivability at sea. These features will improve the adaptability of latest technologies and also enhance effectiveness of fire suppression techniques. The rapidly evolving passenger ship safety measures due to growing cruise shipping industry is identified to be one of the key factors contributing towards the growth of the market.

Competitive landscape and key vendors

The marine firefighting equipment market is highly fragmented owing to the presence of several international and regional players offering a diverse range of marine firefighting equipment. The market is competitive and the marine firefighting equipment vendors mainly compete based on product innovations, technological advances, price, and promotional efforts. Additionally, the vendors are also focusing on offering solutions embedded with new technologies to increase their market shares.

The leading vendors in the market are -

• Akron Brass
• Amerex Fire International
• Asiatic Fire System
• Fireboy-Xintex
• Sea-Fire

The other prominent vendors in the market are BRK Brands, Danfoss Semco, Delta Fire, Elkhart Brass Manufacturing, Fluid Global Solutions, Garbarino Pumps Asia, Hochiki Europe, Jason Engineering, Kidde-Fenwal, NAFFCO, and Survitec Group.

Segmentation by product type and analysis of the marine firefighting equipment market

• Fire mains, fire pumps, hydrants, hoses, and nozzles
• Fire extinguishing systems
• Water mist, water spray, and sprinkler systems
• Fixed fire detection and alarm systems

The increase in number of ships ordered in developing economies such as China, South Korea, and Japan and the mandated use of firefighting equipment as regulated by the Safety of Life at Sea (SOLAS) regulations, will contribute to the growth of the fire mains and pumps, hydrants, hoses, and nozzles segment since such equipment are increasingly used to control fire accidents in vessels.

Geographical segmentation and analysis of the marine firefighting equipment market

• Americas
• APAC
• EMEA

APAC is witnessing the growth in seaborne trade region and is the major contributor to the shipbuilding industry. China, South-Korea, and Japan are the major contributors as they fulfill shipbuilding orders to cater to both the domestic and international markets. Several large vendors in this region are focusing on consolidation and are forming alliances with other vendors to expand their product portfolio and geographical presence.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global marine firefighting equipment market?
• What are the key market trends impacting the growth of the global marine firefighting equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global marine firefighting equipment market?
• What are the market opportunities and threats faced by the vendors in the global marine firefighting equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global marine firefighting equipment market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming research report on the global marine firefighting equipment market offers insights into the key trends and emerging drivers influencing the growth of the industry. Our market research reports for this industry follow an extensive data collection methodology and offer an analysis of fast growing market segments. The report provides complete competitive landscape by covering vendors such as Akron Brass Company, Elkhart Brass Manufacturing, Bulbeck Group, Fluid Global Solutions, Asiatic Fire System, Drew Marine, and Honeywell.

Technavio gathers business intelligence data on key parameters such as profit, pricing, products, competition, distribution, and technology by conducting exhaustive primary and secondary research. These research methodology helps the client in understanding the impact of this business decisions on the organization, and thus choose the best decision alternatives. To provide clients with a further detailed and segregated view on the market, the industry report also considers the growth of the market across various geographies, such as APAC, the Americas, and EMEA.

This upcoming industry report on the marine firefighting equipment market also considers the growth of the related markets such as the global welding fire blankets market, which is expected to gain a CAGR of above 3% during the assessment period. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this industry report on the marine firefighting equipment market also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report on the marine fire fighting equipment market also categorizes the prominent drivers, major trends, as well as the imminent challenges that the power sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.