Top News: Fire Window Market Size & Share to Surpass $1.3 Mn by 2028 | Vantage Market Research
Vantage Market Research
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WASHINGTON, Nov. 29, 2022 (GLOBE NEWSWIRE) -- The Global Fire Window Market is valued at USD 1.1 Million in 2021 and is projected to reach a value of USD 1.3 Million by 2028 at a CAGR (Compound Annual Growth Rate) of 3.50% over the forecast period 2022-2028.
The fire window market is one of the most important economic sectors, and steady growth is anticipated. Despite the industry's turbulence, various factors could influence its growth or decline. To give a thorough understanding of the industry, this study evaluates both present trends and projected future changes. It also includes information on the major companies in the market and their growth plans.
The report offers a thorough analysis of global suppliers and producers, as well as their present situation and prospects for the future. Additionally, it details factors driving the global need for fire window, such as growing investment requirements, advancing technology, and new laws.
According to Vantage Market Research, some key factors anticipated accelerating the fire window market growth over the forecast period.The market for fire window will expand more quickly during the forecast period due to rising fire accidents and expansion in the building sector. Additionally, the market expansion for fire windows is mostly attributable to the rising global R&D expenditures.
We forecast that the residential category in fire window Market sales will account for more than 30% of total sales by 2028. Due to growing public concern for resident safety and government initiatives that have stimulated industry growth, residential buildings have a bright future. The increasing number of housing developments and apartment buildings being constructed due to rapid urbanization will increase demand for internal fire windows.
North America dominates the fire window market, and this trend of dominance will continue throughout the projection period because it is popular across many end-use industries. The growing population, assisted by rising urbanization and modifications in domestic manufacturing activity, is one factor that propels the regional market's rise. Combined with government initiatives to encourage the use of fire doors.
Market Dynamics
Rapid Industrialization and Urbanization:
Rapid urbanization and industrialization are the primary factors propelling the fire window market's expansion. National governments are spending more money to improve the fire safety of all structures, including residential and commercial ones, in response to an increase in fire-related incidents. Various residential projects with adequate fire safety standards have been created due to the population shift toward urban economic centers and the increased demand for high-rise structures and urban housing projects. These elements are anticipated to propel the market throughout the forecast period.
Rapid technological improvements have raised the demand for innovative and novel fire protection systems, one of which uses micro-perforated film technology. Such contemporary technology is especially essential for older constructions. These films are applied to the glass surfaces of polycarbonate panels or fire windows. It contains tiny holes that allow air to pass through them and prevent smoke from building up on the panel's surface.
The Demand for Fire Windows with Tinted Glass:
During the projection period, it is predicted that demand for fire windows with tinted glass will rise. Trace amounts of metal oxide are included in the glass's composition to create tinted glass. Without altering the glass's core characteristics, this changes the color and the way solar energy is passed through it. It also demands glazing that is both optical and color-clear and is fireproof. Tinted glass can help reduce the amount of heat that is transmitted through windows.
Top Trends in Global Fire Window Market
One trend that Vantage Market Research (VMR) expects to see in the fire window industryis the development of clear fire-rated glazingfire windows. This glazing keeps a building's required level of fire protection while letting in natural light. Depending on the product's composition, fire-rated glazing is designed to prevent the spread of flames, smoke, and radiant and conductive heat.
Another trend that VMR predicts will continue in the fire window industryis the introduction of blinds and curtains.One of the most obvious innovations is the appearance of fire windows with built-in fire-resistant blinds or curtains. These products are quite flexible and may create a variety of appearances. Additionally, the three primary purposes of fire-resistant window treatments in a building are to stop the spread of fire, to limit the growth of a fire, and to safeguard escape routes.
Top Report Findings
Based on type, the majority of the fire window market's revenue is controlled by the metal category. Metal windows are a popular option for commercial and residential structures because of their reputation for toughness and fire resistance.
Based on application, the residential category dominated the fire window market. It is anticipated that this trend will continue due to residents' increased awareness of safety and government subsidies; the industry has seen overall growth.
Top 10 Players Generates More Than 45% of the Global Fire Window Market Revenue
The report also found that the largest players in the fire window market are technology providers such as AssaAbloy, Vetrotech, YKK AP, Rehau Group and Sankyo Tateyama. These companies are expected to benefit from increased demand for their products and services and growing investments in new mines. Other major players include AssaAbloy, Vetrotech, YKK AP, Rehau Group, Sankyo Tateyama, Lixil, Schuco, IMS Group, Van Dam, Optimum Window, SaftiFirst, Alufire, Promat, Hope's Windows Aluflam, Hendry, Fyre-Tec, Golden Glass, Hefei Yongtai, Shandong Fire-proof Door and others. As per the latest report published by Vantage Market Research, top 10 companies are responsible for generating more than 45% of market revenue.
Residential Category in Fire Window Market to Generate Over 30% Revenue
Fire window is an expensive investment. Vantage Market Research has analyzed the market for fire window to understand its current state and potential future growth factors. For better understanding, based on applicationfire window Marketis divided intoresidential, commercial and industrial.
During the forecast period, the market for fire window is anticipated to experience the highest CAGR for the residential category. Rapid urbanization will increase the demand for interior fire windows as residential complexes, and housing partners are built at an increasing rate. The need for openings in buildings and apartment walls is expected to increase, which will boost market income.
On the other hand, the commercial category is anticipated to grow significantly over the forecast period. These windows are available in many commercial structures, including offices and shopping centers, for simple opening. Typically, they are used as cabinet doors and entrance/back doors. Due to features like a small footprint or simple installation, this type of window is also excellent for residential buildings.
Browse market data Tables and Figures spread through 180 Pages and in-depth TOC on Fire Window Market Forecast Report (2022-2028).
Global Fire Window Market Segmentation
By Type
Metal Windows
Wood Windows
Plastic Windows
By Application
Residential
Commercial
Industrial
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Scope of the Report:
Report Attributes
Details
Market Size in 2021
USD 1.1 Million
Revenue Forecast by 2028
USD 1.3 Million
CAGR
3.50% from 2022 to 2028
Base Year
2021
Forecast Year
2022 to 2028
Key Players
Assa Abloy, Vetrotech, YKK AP, Rehau Group, Sankyo Tateyama, Lixil, Schuco, IMS Group, Van Dam, Optimum Window, Safti First, Alufire, Promat, Hope’s Windows Aluflam, Hendry, Fyre-Tec, Golden Glass, Hefei Yongtai, Shandong Fire-proof Door
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
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