Fact.MR’s recent report on the global abort gates market projects a steady expansion rate for the current financial year, as manufacturing operations resume in the post-pandemic scenario. The market was valued at over US$ 20 Mn, with demand sustained by consistent output across essential services such as food processing, and is expected to expand twofold by 2031.
In the past, abort gates sales witnessed healthy growth, exhibiting a value CAGR of approximately 6%. Stringent government regulations to promote fire safety stimulated enhanced adoption across such key industries as woodworking, metal and mining among others. Over the years, fire incidents have resulted in immense financial and infrastructural losses across all countries. The National Fire Protection Agency (NFPA) estimates that nearly US$ 15 billion worth of property was damaged due to fire hazard in 2019 across the United States alone.
Likewise, fire safety audits across the United Kingdom have increased, with reports suggesting the conclusion of over 2/3rd of satisfactory audits for the year 2019-20, as opposed to 56% for the FY 2010-11. Similarly, measures to enforce strict fire safety norms have been increasing across China, India and rest of Europe. All the aforementioned developments point toward a robust growth trajectory for abort gates in the forthcoming decade.
“Manufacturers are leveraging collaborations with prominent dust collection companies, attributed to the fact that they are the most vulnerable source of fire hazards. Incorporating smart solutions is a major growth actuator, owing to rising demand for swift fire mitigation approaches,” says a Fact.MR analyst.
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Key Takeaways from Fact.MR’s Abort Gate Market Study
- Less than 25 inches abort gates held over 2/5th volume share in 2020; over 45 inches abort gates to capture over half of the value share
- By rearmament, pneumatic abort gates are likely to generate over nine out of ten sales through 2031
- Spark detection activation to expand at a brisk pace, owing to rising fire hazard vulnerabilities across commercial and residential buildings
- Maximum applications poised to occur across the food industry to prevent flames or embers from entering dust collectors
- U.S to emerge as an attractive market, attributed to mandatory fire safety compliances enforced by the NFPA across commercial settings
- U.K to experience significant annual growth, propelled by increasing government support to curb fire hazards
- Germany to experience a positive growth rate of approximately 5% through 2031
- Prolific manufacturing output is likely to pivot abort gates demand across China
Abort Gate Market- Prominent Drivers
- Stringent fire safety regulations imposed by governments to bolster abort gate adoption, thereby enhancing sales
- Manufacturers are discovering massive revenue pools across Asia, given the flourishing developments experienced across the manufacturing segment
- High-speed abort gates are poised to capture a lucrative revenue share, driven by the accelerating need to address fire hazards instantly
Abort Gate Market- Key Restraints
- Limited penetration due to alternative firefighting approaches such as backdraft dampers, explosion diverter and spark arrestors to restrict short-term growth
- Adoption across small and medium scale industrial units is restricted as the capital expenditure involved in abort gate installation is quite high
Competitive Landscape
Boss Products, Rodrigue Metals, Airex Industries, Vets Groups, Clark Industries, Air Purifier Inc., Flamex, Imperial System, Glacier Technology, Robert White Industries, Kraemer MFG and Western Pneumatics are some prominent abort gate manufacturers profiled by Fact.MR.
In January 2019, Flamex announced the unveiling of a new YMX 5000 Detector series which is equipped with technologically advanced infrared spark and flame sensors for preventing or dousing fires in industrial domains. The system is capable of operating across a wide temperature range, from -40o F to 221o F.
Check Country-wise Analysis of Abort Gate Market
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Boss Products, a prominent abort gate manufacturer, produces the EcoMAXX High-Speed Abort Gate, an NFPA mandated safety device. The system prevents hazardous air from returning to work environments by automatically venting gases outside the facility, in case of a fire or explosion.
More Valuable Insights on Abort Gate Market
Fact.MR, in its new offering, presents an unbiased analysis of the global abort gate market, presenting historical demand data and forecast statistics. The study divulges essential insights on the abort gate market on the basis of duct size (less than 25″, in between 25 – 45″, and more than 45″), activation (spark detection, thermal probe, and over-pressure), rearmament (pneumatic and manual), and end-use industry (food industry, wood industry, metal industry, paper industry, mining industry, and others) across 7 major regions of the world.
Key Questions Covered in Report
- What are the Key Challenges for Abort Gate Manufacturers?
- What Impact do Governments Regulations Have on Abort Gates?
- What Role will End-use Industries Play in Escalating Demand for Abort Gates?
- Why Do Future Projections Look Brighter than Past Trends?
- Why are U.S. Abort Gate Sales Increasing?
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