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Global Marine Firefighting Equipment Market 2017-2021

About Marine Firefighting Equipment

Marine firefighting equipment such as fire extinguishing systems, water mist, spray, and sprinkler systems, and fire detection and alarm systems is used in on board seaborne vessels to safeguard them from fire accidents. All sea vessels are required to carry a minimum number of marine firefighting equipment as per the regulations imposed by regulatory bodies. There are several regulations framed by the Safety of Life at Sea (SOLAS) Convention, particularly Regulation 10.10.4, which pertains to firefighting and the adoption of marine firefighting equipment in seafaring vessels.

Technavio’s analysts forecast the global marine firefighting equipment market to grow at a CAGR of 2.31% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine firefighting equipment market for 2017-2021. To calculate the market size, the report considers the demand for firefighting equipment from the marine industry.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Marine Firefighting Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Akron Brass
  • Amerex Fire International
  • Asiatic Fire System
  • Fireboy-Xintex
  • Sea-Fire
Other prominent vendors
  • BRK Brands
  • Danfoss Semco
  • Delta Fire
  • Elkhart Brass Manufacturing
  • Fluid Global Solutions
  • Garbarino Pumps Asia
  • Hochiki Europe
  • Jason Engineering
  • Kidde-Fenwal
  • NAFFCO
  • Survitec Group
Market driver
  • Growing international market for OPVs
  • For a full, detailed list, view our report
Market challenge
  • Slowdown in South Korea's shipbuilding industry
  • For a full, detailed list, view our report
Market trend
  • Restructuring of China's economy
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Marine Firefighting Equipment Market 2017-2021

Technavio recognizes the following companies as the key players in the global marine firefighting equipment market: Akron Brass, Amerex Fire International, Asiatic Fire System, Fireboy-Xintex, and Sea-Fire.

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.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is restructuring of China's economy. China is the world's second-largest economy. The country is trying to restructure its economy, which is showing slow growth in recent years. The country's economic growth depends on the import of raw materials and export of finished goods. The trend in China's reform process has been initiated, which is changing the significant source for dry bulk demand and impacting the container and wet bulk sectors.”

According to the report, one driver in the market is growing international market for OPVs. Maritime security operations include the action undertaken by modern naval forces to battle illegal activities like piracy, slavery, and hijacking. These ships and vessels are engaged in offshore patrolling to combat sea-based terrorism. Currently, many countries are re-directing their defense strategies due to uncertainties in some regions like the Middle East and APAC. This will impact the market positively, as an increase in the demand for naval vessels will integrate safety aspects like marine firefighting equipment.

Further, the report states that one challenge in the market is slowdown in South Korea's shipbuilding industry. The South Korean shipbuilding industry is witnessing a slowdown due to the plunge in global energy prices, overproduction of ships, and sluggishness in international trade. The country's three biggest shipbuilding companies, namely, Daewoo, Samsung Heavy Industries, and Hyundai Heavy Industries recorded losses in 2015 and 2016. In South Korea, the shipbuilding industry is a major contributor to the economic development and is important to the country's international position. The slowdown in South Korea's shipbuilding market has affected international trade and will have a negative impact on the demand for marine firefighting equipment.

Companies Mentioned

Akron Brass, Amerex Fire International, Asiatic Fire System, Fireboy-Xintex, Sea-Fire, 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.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table SOLAS Convention: Regulations governing marine firefighting equipment
      • Table Global marine firefighting equipment market: Outlook 2016
      • Table Global marine firefighting equipment market by product type 2016-2021
      • Table Global marine firefighting equipment market by geography 2016-2021
  • Market landscape
    • Market overview
      • Table Global marine firefighting equipment market
    • Market size and forecast
      • Table Global marine firefighting equipment market 2016-2021 ($ millions)
      • Table Top largest shipbuilding countries globally 2015 (percentage-wise distribution oftotal number of contracts)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global marine firefighting equipment market by product type
      • Table Global marine firefighting equipment market by product type 2016 and 2021 (%)
    • Fire mains and pumps, hydrants, hoses, and nozzles
      • Table Global marine firefighting equipment market by fire mains, fire pumps, hydrants,hoses, and nozzles segment 2016-2021 ($ millions)
    • Fire extinguishing systems
      • Table Global marine firefighting equipment market by fire extinguishing systems segment2016- 2021 ($ millions)
    • Water mist, water spray, and sprinkler systems
      • Table Global marine firefighting equipment market by water mist, water spray, andsprinkler systems segment 2016-2021 ($ millions)
    • Fixed fire detection and alarm systems
      • Table Global marine firefighting equipment market by fixed fire detection and alarmsystems segment 2016-2021 ($ millions)
  • Geographical segmentation
    • Overview
      • Table Global marine firefighting equipment market by geography 2016 and 2021
      • Table Global marine firefighting equipment market by geography trend chart: 2016-2021($ millions)
    • Marine firefighting equipment market in APAC
      • Table Marine firefighting equipment market in APAC 2016-2021 ($ millions)
      • Table Total new orders attracted by different types of shipyards in China 2016 (%)
      • Table Total new orders attracted by different types of shipyards in South Korea 2016 (%)
      • Table Total new orders attracted by different types of shipyards in Japan 2016 (%)
    • Marine firefighting equipment market in EMEA
      • Table Marine firefighting equipment market in EMEA 2016-2021 ($ millions)
      • Table European shipbuilding industry 2011-2016 (number of vessels)
    • Marine firefighting equipment market in Americas
      • Table Marine firefighting equipment market in Americas 2016-2021 ($ millions)
      • Table Orders for different types of ships obtained by Brazilian ports 2012
  • Key leading countries
    • Table Key leading countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Region-wise hulls acquisition in global market 2015
      • Table Growth in global ocean cruise passengers 2007-2017 (in millions)
      • Table Increase in cruise ship orders 2017-2026 (in unit numbers)
      • Table Growth in international seaborne trade 2011-2015 (millions of tons)
      • Table Regulations under SOLAS governing marine firefighting equipment
    • Market challenges
      • Table Global dry bulk shipping demand versus net fleet capacity 2008-2016
  • Market trends
    • Restructuring of China's economy
    • Rapidly evolving passenger ship safety measures due to growing cruise shipping industry
    • Trend of consolidations and alliances in the shipping industry
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Akron Brass
      • Table Akron Brass: Marine firefighting product portfolio
    • Amerex Fire International
      • Table Amerex Fire International: Marine firefighting product portfolio
    • Asiatic Fire System
      • Table Asiatic Fire System: Marine firefighting product portfolio
    • Fireboy-Xintex
      • Table Fireboy-Xintex: Marine firefighting product portfolio
    • Sea-Fire
      • Table Sea-Fire: Marine firefighting product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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