Smoke Pressure System Market Size

Smoke Pressure System Market Size

Smoke Pressure System Market size was valued at over USD 400 million in 2017 and will grow at over 5% CAGR from 2018 to 2024.

Growing utilization of pressurization systems in newly constructed as well as existing infrastructures due to the increasing instances of fire accidents is accelerating the smoke pressure system market growth. The rise in residential construction, non-residential buildings, and government construction projects is providing significant opportunities to the industry. Following a six-year downturn, the construction spending rose to two percent in 2017 in Europe. The constantly-growing population in the region has resulted in increased investments in the infrastructure development sector. Rapid urbanization in the country demands a faster construction of buildings and facilities for the rising population with advanced fire safety measures which contributes to the stairwell pressurization system market growth.

Rise in the adoption of online & mobile computing services and the growing usage of social media and need for cloud storage have led to a rise in the number of data centers globally. Data centers are being used across all verticals such as manufacturing, IT & telecom, utility, healthcare, energy, and BFSI. The high sensitivity and value of the electronic equipment found in modern data centers coupled with the consequences of system interruption make fire protection a critical component of data center risk assessment. Fire and smoke can damage the data centers, which may lead to the loss of important information, owing to which several data center facilities are installing smoke pressure system on their premises, contributing to the smoke pressure system market growth.

The design and testing of these systems in skyscrapers & high-rise buildings is posing significant challenges to the stairwell pressurization system market growth. To properly design the systems in skyscrapers and tall buildings, the vertical movement of air through an infrastructure caused by the temperature difference between the ambient outside air and building air, also known as stack effect must be evaluated. In addition, testing stair & elevator pressurization systems within the code specified pressure differential limits can be challenging particularly for high-rise structures, hindering the industry growth.