Global Fire Extinguishers Market is valued approximately at USD 12.97 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 7.2% over the forecast period 2019-2026. Fire extinguishers is a device that delivers protection from fire, usually in circumstances of emergency. The component of fire extinguisher is hand-held cylindrical pressure vessel containing an agent, that can be released to extinguish a fire. Due to the growth in fire safety concerns, it has become obligatory for every residential and commercial complex to be outfitted with the fire extinguisher. It is typically used for putting out fires and saving loss of lives and property. Rising awareness about the fire safety norms, rapid industrialization in developing economies, along with growing stringency of building safety regulations are the few factors responsible for high CAGR of the market over the forecast period. For instance, In U.S., National Fire Protection Association (NFPA) has announced over 300 consensus codes and standards, which are intended to reduce the possibilities and effects related to fire. Also, in India, Bureau of Indian Standards (BIS) has formulated over 150 standards on fire safety in buildings and firefighting equipment & systems to eliminate the risk associated with fire. However, the high cost of fire extinguisher, and lack of awareness about the installation among individual house owners are few factors limiting the growth of global fire extinguishers market during the forecast period.
The regional analysis of global fire extinguishers Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing construction activities, along with the implementation of strict fire norms in the region. However, Europe is anticipated to exhibit highest growth rate / CAGR over the forecast period. Factors such as increasing infrastructural development and strict regulations imposed by the government for fire safety in residential as well as industrial sectors is expected to provide lucrative growth opportunities to the market during the forecast period.
Major market player included in this report are:
Amerex Corporation
BRK Electronics
Minimax GmbH & Co. KG
Nationwide Fire Extinguishers
Ansul
Badger fire extinguisher
Kidde
First alert
Rusoh, Inc
Kanexfire
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Extinguishing Agent:
Dry Chemical
Foam
Carbon-di-oxide
Others
By Product:
Multipurpose Dry Chemical
Regular Dry Chemical
Portable Fire Extinguishers
Automatic Fire Extinguishers
Others
By End-User:
Industrial
Commercial
Residential
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Fire Extinguishers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Summary:
Get latest Market Research Reports on Fire Extinguishers . Industry analysis & Market Report on Fire Extinguishers is a syndicated market report, published as Global Fire Extinguishers Market to reach USD 22.62 billion by 2026. It is complete Research Study and Industry Analysis of Fire Extinguishers market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.