Fire Extinguisher Market Projected to Exceed a Value of US$ 4.7 Billion by 2023 and CAGR 5.3%

Global Fire Extinguisher Market Industry Trends, Growth, Share, Size, Demand and Forecast Till 2023

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Fire Extinguisher Market Report By Product Type (Portable, Knapsack and Wheeled), Application (Industrial, Commercial, Households, Public Areas and Others), Fire, Extinguishing Agent, Region The global fire extinguisher market has witnessed a steady growth over the past few years. This can be attributed to strict fire security regulations in the developed nations along with increasing urbanisation and industrialisation in the emerging regions.

Market Overview: Fire extinguisher is a portable device which expels gas or water for extinguishing fire in small amounts, when an emergency arises. It is a safety equipment which comprises of a cylinder, nozzle, pressure gauge and a handle. Fire extinguishers cannot cease a large-scale fire and may require the expertise or guidance of the fire department. According to the latest report by IMARC Group, titled “Fire Extinguisher Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20182023”, the global fire extinguisher market reached a value of more than US$ 4.4 Billion in 2017.

One of the primary factors fostering the growth of the global fire extinguisher market is strict government policies of installing a fire extinguisher in commercial, industrial and residential spheres in order to prevent any mishappenings. This has proliferated the demand for fire extinguishers. In addition, the market is also influenced by fire insurance agencies which make it mandatory for their customers to fix a fire extinguisher amidst residential and commercial buildings.

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Moreover, rapid urbanisation in numerous nations has augmented developments in infrastructural sector, directly facilitating the demand for fire extinguishers. Looking forward, the market value is projected to exceed US$ 6.4 Billion by 2023, expanding at a CAGR of approximately 6.5% during 20182023.

Fire Extinguisher Market Segmentation: Market Segmentation by Product o Portable o Knapsack o Wheeled On the basis of type, the fire extinguisher market has been segregated as knapsack, portable and wheeled. Amongst these, portable fire extinguishers lead the market as they can be used more easily and efficiently than their alternatives.

Market Segmentation by Extinguishing Agent Request for a sample report: https://www.imarcgroup.com/fire-extinguisher-market/requestsample

Market Forecast

Sample Figure: Global: Fire Extinguisher Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description • • • • •

Dry Chemical Foam Carbon Dioxide Dry Powder Others

Based on extinguishing agents, the market is segmented into foam, dry chemical, dry powder and carbon dioxide. Currently, dry chemical extinguishing agents dominate the market as they are comparatively cheaper and more versatile than the other extinguishing agents.

Market Segmentation by Fire Type • • • • •

Class A Class B Class C Class D Class K

On the basis of fire type, Class A extinguishers represent the largest segment.

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Market Segmentation

Report Description

These extinguishers are used on fires originating from ordinary combustibles such as plastics, rubber, cloth, paper and wood. The other major segments include Class B, Class C, Class D and Class K extinguishers.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Europe dominates the global fire extinguisher market, accounting for the majority of the total market share. Other major regions include North America, Asia Pacific, Latin America, and Middle East and Africa.

Market Segmentation by Application • • •

Industrial Commercial Households

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description • •

Public Areas Others

Application-wise, the industrial sector holds the largest market share, followed by commercial sector, households, public areas and others. This can be attributed to rapid industrialization along with stringent fire safety regulations in various manufacturing facilities.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • •

Amerex Corporation United Technologies Corporation Tyco Fire Protection Products Minimax Britannia Fire Ltd. First Alert Inc. JL Industries Ceasefire Industries Pvt. Ltd. Feuerschutz Jockel GmbH & Co. KG Desautel

Market Segmentation

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