Marine Fire-Fighting Equipment Market Synopsis

Marine Fire-Fighting Equipment Market Size is Valued at USD 2.6 Billion in 2023, and is Projected to Reach USD 4 Billion by 2032, Growing at a CAGR of 4.9% From 2024-2032.

The Marine Fire-Fighting Equipment Market involves the creation of equipment that is unique in function and employed to fight flame and smother out fire on sea-going vessels and offshore structures. This market covers variety of products such fire fighters equipments like fire extinguishers, fire detection systems, fire suppression systems, personal protective equipment, fire hoses, and many other fire fighting equipments and technologies. These products are vital for protection of life and property for fire risks exist frequently in marine related areas due to factors such as; confined spaces, flammable materials, and fuels during electrical equipment.

• Over the years the Marine Fire-Fighting Equipment market has recorded tremendous growth and this has been because of the growing concern by regulatory authorities within the marine industry with safety as well as the growing consciousness of vessel owners in terms of safety of their vessels from fire or any other perils. Bureau’s of shipping and other prevailing authorities in most countries have laid down tight safety measures, thereby pressuring maritime contractors to go for best available fire fighting equipments. This has led to a strong market for state-of-the-art fire fighting equipment and tools, detection systems and equipment as well as related personal protective equipment deemed suitable for use in marine scenarios. Furthermore, increased activity in international sea transport vital for commerce, travel by sea-borne transport and offshore oil and gas exploration has also served to enhance demand for effective and efficient fire fighting technologies. Current competition spans among large global players in the related industries and small and medium players targeting to introduce new diversified equipment in the field of fire fight.
• Overhauled to meet the current safety rules. Since most vessels are gradually being modified to conform to these new standards of safety more advanced fire fighting systems that can be retrofitted into structures are required. This trend is evident even more thereby pointing to areas such as Asia-Pacific which is home to a large part of the global fleet. Also, the increasing demand for ecologically friendly extinguishing facilities puts into practice new products which, while being rather efficient in fire extinguishing, have a low impact on the environment including water mist systems and non-toxic fire retardants. All these innovations are widely believed to contribute to further growth of the market in the subsequent years.

Marine Fire-Fighting Equipment Market Trend Analysis

Technological Advancements in Fire-Fighting Equipment

• Another important emerging trend that characterize the Marine Fire-Fighting Equipment Market is the use of modern technologies in this industry. The use of intelligent technologies like IoT in terms of fire detection and other auto-controlled fire extinction systems is revolutionalizing fire management in marine vessels. Such smart systems can also give real time monitoring and alert functions which could help in increasing the response and managing fire. For instance, the IoT sensors on a building can always detect any presence of fire and a smoke; this ensures that the crew is alerted or that the suppression mechanisms are deployed to diminish large-scale fires. In addition, material science technology research is enhancing the production of more robust and lighter fire-fighting equipment which are a concern when used at sea. All these technologies are predicted to foster determinant roles in the continued evolution of the kind of market required for more effective, reliable and safe operations in fire fighting.

Rising Demand for Offshore Oil and Gas Exploration

• Marine Fire-Fighting Equipment Market, the increase in the demand of offshore oil and gas exploration is a clear prospect for this market. With the exploration activities extending to deeper and further regions, problems related to fire risk factors also surge, requiring sophisticated fire fighting tools. Oil and gas offshore platforms and structures are most at risk during fire because these structures are filled with flammable resources, operating under high pressures, and contain complicated equipment exports. As a result, there is growing interest with equipment that is designed for fire fighting under these rigorous demands and successfully fight fires. In this segment, the companies that will have the opportunities for vast growth are those firms that have the strategic capability and capacity to come up with unique, efficient, and sustainable products that will best suit the offshore industry. Furthermore, higher investments in renewable energy project such as offshore wind farm also open up new avenues to the market because the these structures need effective fire protection measures for operational safety.

Marine Fire-Fighting Equipment Market Segment Analysis:

Marine Fire-Fighting Equipment Market Segmented on the basis of type and application.

By Type, Portable Fire Fighting Equipment segment is expected to dominate the market during the forecast period

• The Marine Fire-Fighting Equipment Market is predicted to remain under the control of Portable Fire Fighting Equipment in the coming years as this segment is flexible and can be used easily with the help of which the immediate response can be managed easily in the marine vessels. While the fixed systems of fire fighting like fire suppression systems are permanently installed and fixed in a particular location on ship, portable appliances like fire extinguishers, fire blankets and portable fire pumps are important tools to control first attack fire on various part of the ship.
• One reason is the emerging necessity for crew safety as well as the demand to give immediate answer to fire cases which lead to the application of portable tools in extinguishing fire. Besides, legal standards providing for equipping marine vessels with certified portable fire fighting equipment are also driving the segment’s development. Every kind of ships right from fishing boats, leisure yachts, commercial cargo ships call for such portable solutions; indicative of the market segment’s role in protecting life and assets on the sea.

By Application, Passenger Ships segment expected to held the largest share

• The Passenger Ships business segment is likely to dominate the marine fire-fighting equipment industry between 2020 and 2025 due to the increasing standards for safety as well as the paramount need to safeguard numerous passengers on board.. The majority of the passenger ships being cruise ships, ferries and luxury yachts, transport thousands of people; hence fire safety is of utmost importance. These vessels are fitted with sophisticated features of fire detection and firefighting in addition to having a range of fire-fighting equipment on board to protect both passengers and crew.
• International organizations like the IMO has developed very strict standards that require the use of the latest fire protection facilities in any passenger ships in a bid to combat incidences of fire. It is also important to note that this segment needs further domination due to increasing global tendency of cruise travel and increasing Ferry services especially in European and Asia-Pacific area. With increased technical sophistication and material comforts in the modern day passenger carrying vessels, there is going to be a strong emphasis requirement on the containment and combating of fire and hazards, and as a result the fire-fighting equipments segment is further predicted to hold the leadership position.

Marine Fire-Fighting Equipment Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• According to the year 2023 forecast, countries in the Asia-Pacific region are the largest consumers in the global Marine Fire-Fighting Equipment Market in terms of both sales and demand.. These factors have been as a result of the strong maritime industry that is evident in the region; for instance, the region has some of the potential traffic seas ways, ship building centers, and growing offshore oil and gas market. China is a major player in the global market, other nations like Japan and South Korea are also moving up the ranks as they have extensive shipbuilding industries, and many commercial shipping fleets. The rising competition between China and other players globally, coupled with the latest safety norms for ships have increased the demand for automatic fire fighting solutions in the Asia-Pacific region. Out of the global market share in 2023, it is anticipated that Asia pacific market will account for about 40 % in view of the fact that the market has a much influence over the global maritime industry. Mitsui and its partners should be able to rely on a strong demand from the region as it develops its maritime activities and renews its fleets.

Active Key Players in the Marine Fire-Fighting Equipment Market

• Akron Brass Company (USA)
• Amerex Corporation (USA)
• Centek Marine (USA)
• Consilium AB (Sweden)
• Foam Fatale International (Hungary)
• Gielle Industries (Italy)
• Hochiki Corporation (Japan)
• Johnson Controls (USA)
• Kidde-Fenwal Inc. (USA)
• Marioff Corporation (Finland)
• McMurdo Group (UK)
• Sea-Fire Marine (USA)
• Spectrex Inc. (USA)
• Tyco Fire Products (USA)
• VIKING Life-Saving Equipment (Denmark)
• Other key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Marine Fire-Fighting Equipment Market by Type
 4.1 Marine Fire-Fighting Equipment Market Snapshot and Growth Engine
 4.2 Marine Fire-Fighting Equipment Market Overview
 4.3 Portable Fire Fighting Equipment
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Portable Fire Fighting Equipment: Geographic Segmentation Analysis
 4.4 Fixed Fire Equipment
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Fixed Fire Equipment: Geographic Segmentation Analysis

Chapter 5: Marine Fire-Fighting Equipment Market by Application
 5.1 Marine Fire-Fighting Equipment Market Snapshot and Growth Engine
 5.2 Marine Fire-Fighting Equipment Market Overview
 5.3 Passenger Ships
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Passenger Ships: Geographic Segmentation Analysis
 5.4 Fishing Vessels
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Fishing Vessels: Geographic Segmentation Analysis
 5.5 Yachts
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Yachts: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Marine Fire-Fighting Equipment Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 AKRON BRASS COMPANY (USA)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 AMEREX CORPORATION (USA)
 6.4 CENTEK MARINE (USA)
 6.5 CONSILIUM AB (SWEDEN)
 6.6 FOAM FATALE INTERNATIONAL (HUNGARY)
 6.7 GIELLE INDUSTRIES (ITALY)
 6.8 HOCHIKI CORPORATION (JAPAN)
 6.9 JOHNSON CONTROLS (USA)
 6.10 KIDDE-FENWAL INC (USA)
 6.11 MARIOFF CORPORATION (FINLAND)
 6.12 MCMURDO GROUP (UK)
 6.13 SEA-FIRE MARINE (USA)
 6.14 SPECTREX INC (USA)
 6.15 TYCO FIRE PRODUCTS (USA)
 6.16 VIKING LIFE-SAVING EQUIPMENT (DENMARK)
 6.17 OTHER KEY PLAYERS

Chapter 7: Global Marine Fire-Fighting Equipment Market By Region
 7.1 Overview
 7.2. North America Marine Fire-Fighting Equipment Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Type
  7.2.4.1 Portable Fire Fighting Equipment
  7.2.4.2 Fixed Fire Equipment
  7.2.5 Historic and Forecasted Market Size By Application
  7.2.5.1 Passenger Ships
  7.2.5.2 Fishing Vessels
  7.2.5.3 Yachts
  7.2.6 Historic and Forecast Market Size by Country
  7.2.6.1 US
  7.2.6.2 Canada
  7.2.6.3 Mexico
 7.3. Eastern Europe Marine Fire-Fighting Equipment Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Type
  7.3.4.1 Portable Fire Fighting Equipment
  7.3.4.2 Fixed Fire Equipment
  7.3.5 Historic and Forecasted Market Size By Application
  7.3.5.1 Passenger Ships
  7.3.5.2 Fishing Vessels
  7.3.5.3 Yachts
  7.3.6 Historic and Forecast Market Size by Country
  7.3.6.1 Bulgaria
  7.3.6.2 The Czech Republic
  7.3.6.3 Hungary
  7.3.6.4 Poland
  7.3.6.5 Romania
  7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Marine Fire-Fighting Equipment Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Type
  7.4.4.1 Portable Fire Fighting Equipment
  7.4.4.2 Fixed Fire Equipment
  7.4.5 Historic and Forecasted Market Size By Application
  7.4.5.1 Passenger Ships
  7.4.5.2 Fishing Vessels
  7.4.5.3 Yachts
  7.4.6 Historic and Forecast Market Size by Country
  7.4.6.1 Germany
  7.4.6.2 UK
  7.4.6.3 France
  7.4.6.4 Netherlands
  7.4.6.5 Italy
  7.4.6.6 Russia
  7.4.6.7 Spain
  7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Marine Fire-Fighting Equipment Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Type
  7.5.4.1 Portable Fire Fighting Equipment
  7.5.4.2 Fixed Fire Equipment
  7.5.5 Historic and Forecasted Market Size By Application
  7.5.5.1 Passenger Ships
  7.5.5.2 Fishing Vessels
  7.5.5.3 Yachts
  7.5.6 Historic and Forecast Market Size by Country
  7.5.6.1 China
  7.5.6.2 India
  7.5.6.3 Japan
  7.5.6.4 South Korea
  7.5.6.5 Malaysia
  7.5.6.6 Thailand
  7.5.6.7 Vietnam
  7.5.6.8 The Philippines
  7.5.6.9 Australia
  7.5.6.10 New Zealand
  7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Marine Fire-Fighting Equipment Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Type
  7.6.4.1 Portable Fire Fighting Equipment
  7.6.4.2 Fixed Fire Equipment
  7.6.5 Historic and Forecasted Market Size By Application
  7.6.5.1 Passenger Ships
  7.6.5.2 Fishing Vessels
  7.6.5.3 Yachts
  7.6.6 Historic and Forecast Market Size by Country
  7.6.6.1 Turkey
  7.6.6.2 Bahrain
  7.6.6.3 Kuwait
  7.6.6.4 Saudi Arabia
  7.6.6.5 Qatar
  7.6.6.6 UAE
  7.6.6.7 Israel
  7.6.6.8 South Africa
 7.7. South America Marine Fire-Fighting Equipment Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Type
  7.7.4.1 Portable Fire Fighting Equipment
  7.7.4.2 Fixed Fire Equipment
  7.7.5 Historic and Forecasted Market Size By Application
  7.7.5.1 Passenger Ships
  7.7.5.2 Fishing Vessels
  7.7.5.3 Yachts
  7.7.6 Historic and Forecast Market Size by Country
  7.7.6.1 Brazil
  7.7.6.2 Argentina
  7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research