According to IMARC Group latest published report, The global fire extinguisher market size reached US$ 4.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.8 Billion by 2027, exhibiting at a CAGR of 5.4% during 2022-2027.
Fire extinguisher refers to portable safety devices that are designed to extinguish small fires during emergencies and minimize the potential destruction and damages before the arrival of firefighters. They are available in portable, knapsack, and wheeled variants and comprise of a cylinder containing an extinguishing agent, a handle, a nozzle, and a pressure gauge. Fire extinguishers aid in cooling the burning material and interfere with the chemical reaction of the flame by depriving it of oxygen. Consequently, they find extensive applications in industrial, commercial, and residential establishments across the globe.
Covid-19 Scenario:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Fire Extinguisher Market Trends:
The growing industrialization levels, especially in developing countries, and the rising construction of several commercial and household spaces are primarily driving the fire extinguisher market. In addition to this, the implementation of numerous stringent safety norms and regulations by government bodies across countries aimed at preventing unexpected incidents of severe fire outbreaks in houses, restaurants, hotels, schools, hospitals, factories, offices, etc., is further stimulating the market growth. Apart from this, the launch of compact and light-weight product models and the inflating investments in research and development (R&D) activities by key market players to innovate advanced ABC rating extinguishers that can be used on fires caused by flammable liquids, energized electrical equipment, ordinary combustibles, etc., are acting as significant growth-inducing factors. In line with this, the introduction of eco-friendly, gas- or powder-based products that do not release toxic gases and the increasing merger and acquisitions (M&A) among various manufacturers to expand their consumer base and enlarge their market operations are expected to propel the fire extinguisher market in the coming years.
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Competitive Scenario with Key Players:
The competitive landscape of the market has also been analyzed, with some of the key players being
Amerex Corporation, United Technologies Corporation, Tyco Fire Products LP, Minimax GmbH & Company KG, Britannia Fire Ltd., First Alert Inc., JL Industries, Inc., Ceasefire Industries Pvt. Ltd., Feuerschutz Jockel GmbH & Co. KG and Desautel.
The report cover the below key market segments:
Breakup by Product:
- Portable
- Knapsack
- Wheeled
Breakup by Extinguishing Agent:
- Dry Chemical
- Foam
- Carbon Dioxide
- Dry Powder
- Others
Breakup by Fire:
- Class A
- Class B
- Class C
- Class D
- Class K
Breakup by Application:
- Industrial
- Commercial
- Households
- Public Areas
- Others
Market By Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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