Global Fire Extinguisher Market

Global Fire Extinguisher Market was valued US$ 5.35 Bn in 2018 and is anticipated to reach approximately US$ XX Bn by 2026 at a CAGR of XX % during a forecast of 2019-2026.

Fire Extinguisher Market

The report covers all the trends and technologies playing a major role in the growth of the fire extinguisher market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence market growth during this period. Fire extinguisher is a dynamic fire safety equipment employed for extinguishing different classes of fires in emergencies.

An increase in construction activities for the development of new industrial plants, commercial centers, housing projects, and execution of stringent fire safety norms in various commercial, industrial, residential and public areas are two key factors driving the market growth. Fire insurance companies oblique their customers to install fire extinguishers for residential and commercial purposes.

Governments in various countries are introducing stringent safety norms to prevent any unexpected event on account of fire outbreaks. This has fortified the installation of extinguishers, particularly in restaurants, houses, hotels, schools, hospitals, offices and factories.

Based on product, portable fire extinguisher is expected to grow at a higher rate owing to more effective for putting out fire, also requires less response time. On the other hand, trolley-mounted firefighting equipment finds major application in large industrial plants and warehouses.

By end-use, industrial segments constitute more than half share of the market because of rapid industrialization. The residential and commercial segment is about witness growth as developing countries are investing heavily in new infrastructure.

North America is expected to drive the market for more advanced Fire Extinguishers followed by Europe. Growing of residential fields expenditures, more-intense competition, launches in introducing new products, retrofitting and renovation of old technology, rising adoption of fire extinguishers will drive growth in China markets. At the same time, APAC occupied XX% sales market share in 2018 is remarkable in the global Fire Extinguishers industry owing to their market share and low cost of raw material and labor.

The objective of the report is to present a comprehensive analysis of the Global Fire Extinguisher Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Fire Extinguisher Market dynamics, structure by analyzing the market segments and project the Global Fire Extinguisher Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Fire Extinguisher Market make the report investor’s guide.

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Scope of Fire Extinguisher Market Report:

Fire Extinguisher Market, by Product Type:

• Portable Fire Extinguisher

• Trolley mounted

• Others

Fire Extinguisher Market, by Extinguishing Agents Type:

• Dry Chemical

• Foam

• Carbon Dioxide

• Others

Fire Extinguisher Market, by Fire Type:

• Class A

• Class B

• Class C

• Class D

• Class E

• Class F

Fire Extinguisher Market, by End Use Type:

• Industrial

• Commercial

• Residential

Fire Extinguisher Market, by Region Type:

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• Latin America

Key Player Analysed In The Fire Extinguisher Market:

• Amerex Corporation

• BRK Electronics

• Minimax GmbH & Co. KG

• Nationwide Fire Extinguishers

• Ansul

• Badger fire extinguisher

• Kidde

• First alert

• Rusoh, Inc

• Kanexfire

• United Technologies Corporation

• JL Industries, Ceasefire Industries Pvt. Ltd.

• Feuerschutz Jockel GmbH & Co. KG

• Tyco Fire Protection Fire Type s

• Desautel

• Britannia Fire Ltd.

• Ceasefire Industries Pvt. Ltd.

• Schmitz

• Honeywell

• Tianguang

• Shanghai Jindun

• Jinquiangyu

• CFE

This Report Is Submitted By : Maximize Market Research Company

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[Dhruv Bindhani]

The global fire extinguisher market is a dynamic segment within the fire safety industry, driven by an increasing emphasis on safety and the implementation of stringent regulations worldwide. Fire extinguishers are essential emergency equipment used to combat various classes of fires, playing a critical role in preventing major damages and ensuring public safety.

Key Market Drivers:

• Increased Construction Activities: The surge in new industrial plants, commercial centers, and housing projects globally is a significant driver. These new constructions inherently require robust fire safety measures, including the installation of fire extinguishers.
• Stringent Fire Safety Norms: Governments and regulatory bodies across various countries are enacting and enforcing stricter fire safety codes in commercial, industrial, residential, and public areas. This regulatory push mandates the installation of fire extinguishers, thereby boosting market demand.
• Fire Insurance Requirements: Fire insurance companies often make it obligatory for customers to install fire extinguishers in both residential and commercial properties as a prerequisite for coverage, further solidifying market growth.
• Public Awareness and Safety Initiatives: Growing awareness among the public about fire hazards and the importance of immediate response to fire outbreaks contributes to the demand.

Product and End-Use Trends:

• Portable Fire Extinguishers: This segment is expected to grow at a higher rate. Portable extinguishers are highly effective for initial fire suppression, requiring less response time due to their ease of use and accessibility.
• Trolley-Mounted Equipment: These larger units find primary application in extensive industrial plants and warehouses where larger fire-fighting capacity is needed.
• Industrial Segment Dominance: The industrial sector accounts for over half of the market share, primarily due to rapid industrialization globally. Industrial facilities, with their complex machinery and processes, often face higher fire risks, necessitating extensive fire safety equipment.
• Residential and Commercial Growth: The residential and commercial segments are poised for substantial growth, particularly in developing countries that are investing heavily in new infrastructure and urban development.

Regional Dynamics:

• North America Leading Innovation: North America is anticipated to drive the market for more advanced fire extinguishers, reflecting its strong regulatory environment and technological adoption in fire safety.
• Europe Following Suit: Europe is also a significant market, closely following North America in terms of adoption and market maturity.
• APAC's Significant Contribution: The Asia Pacific (APAC) region held a XX% sales market share in 2018 (while a precise "XX%" is not provided in the abstract, external research indicates that APAC holds a substantial share, with some reports suggesting around 37% in 2023 for portable fire extinguishers). This remarkable share is attributed to factors like rapid industrialization, increasing residential expenditures, competitive market dynamics, and the low cost of raw materials and labor, particularly in countries like China, India, and Japan. The region is also witnessing growth due to the retrofitting and renovation of old technologies and increasing product launches.

The report aims to offer a comprehensive analysis for all stakeholders, covering market dynamics, competitive analysis, and the impact of micro-economic factors, serving as an investor's guide in this essential safety market.