According to the latest report by IMARC Group, titled, “Fire Extinguisher Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, provide the global fire extinguisher market to exhibit moderate growth during the next five years.
Base Year: 2020
Forecast Year: 2021-2026
Industry Definition and Application:
A fire extinguisher is a portable fire protection apparatus used in emergencies for putting out or controlling fires before the arrival of firefighters. It consists of a cylinder containing an extinguishing agent, nozzle, handle and pressure gauge. It works by expelling the extinguishing agent at high pressure, which helps by cooling the burning material; depriving the flame of oxygen; or interfering with the flame’s chemical reaction. Many fire extinguishers available today are labeled with more than one designator and can be used for different types of fires. With the increasing outbreaks of fire incidents across the world, the demand for fire extinguishers is continuously rising.
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Note: 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.
Market Trends and Drivers:
Governments of various nations have introduced stringent safety standards to avert any untoward incident due to fire outbreaks. This has led to an increase in the installation of extinguishers in restaurants, hotels, buildings, schools, hospitals, offices, houses and factories. Besides this, the leading manufacturers are focusing on launching eco-friendly gas- or powder fire-based extinguishers which do not release toxic gases or residue. They are also designing a more extensive product portfolio including compact, lightweight and cost-efficient fire extinguishers. Moreover, several companies are emphasizing on mergers and acquisitions (M&A) to expand their consumer-base and broaden their market operations worldwide. For instance, Kidde, a manufacturer and distributor of fire detection and suppression equipment, has acquired the manufacturing operations of the British specialty chemical company, Croda International, in Liverpool and Lyon.
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Fire Extinguisher Market Segmentation:
The report has segmented on the basis of product, fire, extinguishing agent, application and geography
By Extinguishing Agent:
- Dry Chemical
- Carbon Dioxide
- Dry Powder
- Class A
- Class B
- Class C
- Class D
- Class K
- Public Areas
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
Who are the Major Fire Extinguisher Key players?
The report provides a detailed analysis of the market leaders, including.
- 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.
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