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Marine Fire-Fighting Equipment Market – Overview 

A ship is approved to sail in water whether its international waters or domestic water only when it is constructed as per the fire safety system code and carries required fire-fighting appliances approved by the concerned authority. Presence of high temperature, excess quantity of flammable oil, and other combustible material in a ship might cause fire. Due to this, safety systems are mandatory in marine ships. This has resulted in the rising demand for marine firefighting equipment over a period of time. A ship is fitted with portable or fixed type of fire retardant and firefighting equipment. The fire-fighting equipment fitted in the ship should meet the requirement of MC SOLAS (Safety of Life at Sea) and approved by ICE (Immigration and Customs Enforcement). Manufacturers of these systems are always focused on introducing new safety features in marine fire -fighting equipment. Some of the safety features includes enhanced structural fire protection, enhanced support for vessels, and high-pressure water mist systems. All these safety features are expected to enhance the effectiveness of fire suppression techniques and are expected to increase the market attractiveness of the fire-fighting equipment market during the forecast period. 

Marine Fire-Fighting Equipment Market - Drivers and Restraints 

There are various factors expected to drive the marine fire-fighting equipment market such as need for installation of safety equipment on ships, and the mandate regarding safety compliance. Rapidly evolving passenger ship safety measures due to increasing number of accidents in ships is expected to increase the demand for marine fire- fighting equipment during the forecast period. As per regulatory bodies such as the Safety of Life at Sea (SOLAS), use of firefighting equipment in a ship or cruise is mandatory.  These safety regulations are one of the primary factors contributing to the growth of the market. 

Marine Fire-Fighting Equipment Market - Segmentation 

The global marine fire-fighting equipment market can be segmented based on type, product type, and geography. On the basis of type, the marine fire-fighting equipment market has been segmented into portable and fixed type fire–fighting equipment. Based on product type, the marine fire-fighting equipment market has been segmented into 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. The portable fire extinguishers segment is further segmented into water, wet chemical, foam, dry chemical, carbon dioxide (CO2), and vaporizing liquid. 

Based on geography, the global marine fire-fighting equipment market can be divided into Asia Pacific, North America, Middle East & Africa, Europe, and South America. North America is expected to hold the major market share during the forecast period as compared to other regions. Increase in the demand for naval vessels in Asia Pacific and Middle East & Africa is anticipated to drive the growth of the marine fire-fighting equipment market. This is because of use of safety products such as firefighting equipment in naval vessels. This would provide substantial growth opportunities for these regions in future. 

Marine Fire-Fighting Equipment Market - Key Players 

Major players operating in the marine fire-fighting equipment market include 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, NAFFCO, Kidde- Fenwal, Survitec Group, and others. The marine fire-fighting equipment market is highly fragmented with many organized and unorganized players present in the market and offering a wide range of fire-fighting equipment. Additionally, the players are focused on offering solutions with new technologies which helps them to increase their market share over the years. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Marine Fire Fighting Equipment Market

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