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Thursday, October 13, 2022

Global Fire Extinguisher Market To Grow At A CAGR Of 5.4% In The Forecast Period Of 2022-2027

The new report by EMR titled, ‘Global Fire Extinguisher Market Size, Share, Price, Trends, Report and Forecast 2022-2027’, gives an in-depth analysis of the global fire extinguisher market, assessing the market based on its segments like products, extinguishing agents, fire, applications, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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Fire Extinguisher Market Price, Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 5.4%

Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2020
Market Size in 2020USD 4.27 billion
Revenue Forecast in 2026USD 5.93 billion
Growth Rate CAGR5.4%
Major PlayersAmerex Corporation, The Desautel Group, Britannia Fire Ltd., BRK Brands, Inc., and Ceasefire Industries Pvt. Ltd., among others.

The increasing adoption of fire extinguishers in residential and commercial buildings, factories, and public places is driving the growth of the market. In addition, the stringent regulations by various governments aimed towards reducing the risk of property fire and the risk of losing lives associated with fires are propelling the demand for fire extinguishers.

Moreover, the increasing adoption of advanced electronical appliances, which can catch fire anytime, in the residential sector is encouraging residents to purchase fire extinguisher as a handy equipment in case of emergency. This is an invigorating factor of the market.

At a regional level, North America occupies a significant share in the fire extinguisher market owing to the favourable policies of the government, making fire extinguishers mandatory in commercial and government areas.

Fire Extinguisher Industry Definition and Major Segments

A fire extinguisher is a portable metallic container which is used to stop fire in an area by stopping the flaming process by deploying water and chemicals. The contents of the product are compressed under high pressure and are released once the lock is removed and the handle is squeezed. Moreover, the wetting agents in the an extinguisher put out fire very quickly and effectively. Fire extinguishers are kept handy in various places which can catch fire.

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On the basis of product, the market can be segmented into:

• Portable
• Knapsack
• Wheeled

Based on extinguishing agent, the market has been categorised into:

• Dry Chemical (Powder)
• Foam
• Carbon Dioxide
• Others

The market can be broadly categorised based on fire, into:

• Class A
• Class B
• Class C
• Class D
• Class K

Based on application, the market can be segmented into:

• Industrial
• Commercial
• Residential

On the basis of regions, the market can be categorised into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Fire Extinguisher Market Trends

The key trends in the fire extinguisher market include the technological advancements in the sectors such as electrical and electronics, and healthcare. The increasing production of modern electronic items and equipment build with a complex circuit can catch fire if handled recklessly. Accordingly, there is need for fire extinguishers around such items.

In addition, the increasing adoption of fire extinguishers in the chemical industry owing to the growing research and development activities in laboratories which involve highly reactive chemicals, is anticipated to be another key trend in the market.

Moreover, the increasing awareness about the damage a fire can cause to life and environment is anticipated to be a major trend in the fire extinguisher market, encouraging the use of the product. The market is likely to be aided by the legal obligations of hotels, restaurants, and public administration buildings to keep fire extinguishers accessible in case of an emergency.

Key Market Players

The major players in the fire extinguisher market are 

  • Amerex Corporation
  • The Desautel Group
  • Britannia Fire Ltd.
  • BRK Brands, Inc.
  • Ceasefire Industries Pvt. Ltd.
  • Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person:  Elena Jones, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
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