PUBLISHER: Value Market Research | PRODUCT CODE: 1547440
PUBLISHER: Value Market Research | PRODUCT CODE: 1547440
The global demand for Fire Extinguishers Market is presumed to reach the market size of nearly USD 22.91 Billion by 2032 from USD 15.17 Billion in 2023 with a CAGR of 4.69% under the study period 2024-2032.
A fire extinguisher is a fire protection device used to control or extinguish small fires in emergencies. A typical fire extinguisher consists of a cylindrical pressure vessel containing an agent that can be discharged to extinguish a fire. It is employed by directing it on to burning material. A fire extinguisher deprives the flame of oxygen or interferes with the chemical reactions occurring in the flame. Fire extinguishers are not meant for use on an out-of-control fire. A small colored band indicates the type of fire extinguisher red for water, blue for dry powder, white and red for water mist, cream for foam, yellow for wet chemical, green for a clean agent, and black for CO2 extinguishers.
Demand for fire extinguishers is expected to grow in the coming years due to factors such as stringent safety norms by the government in developed and developing countries, growing installation in residential and commercial buildings, and a significant rise in the number of a fire incident. Rising urbanization and industrialization will lead to an increased volume of calls for fire extinguishers. The demand is also influenced by insurance agencies, making fire extinguishers mandatory to install in insured buildings. Escalating awareness regarding fire safety and growing encouragement to install fire extinguishers, especially in houses, restaurants, hotels, schools, hospitals, offices, and factories, also propels demand. However, low awareness about the installation in individual homes and inadequate regulation enforcement are hampering the market's growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Fire Extinguishers. The growth and trends of Fire Extinguishers industry provide a holistic approach to this study.
This section of the Fire Extinguishers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Fire Extinguishers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Fire Extinguishers market include Amerex Corporation, BRK Brands Inc., Britannia Fire Ltd., Buckeye Fire Equipment Company, Desautel, First Alert Inc., Flamestop Australia Pty Ltd., Hochiki Corporation, Johnson Controls International Plc, Kidde Fire Systems (UTC Fire & Security), NAFFCO - National Fire Fighting Manufacturing Company, Minimax Gmbh & Co. KG, NOHMI BOSAI LTD., Tyco Fire Protection Products, United Technologies Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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