Global Fire Extinguishers Market Is Projected to Reach $7.4 Billion By the End Of 2030

The global fire extinguishers market size was valued at $5.3 Billion and is projected to reach $7.4 Billion by the end of 2030, growing at a compound annual growth rate (CAGR) of 5.62% during the forecast period.

Fire extinguishers are essential firefighting equipment that can help control small fires before they become large-scale emergencies. They come in various types, such as water, foam, powder, and CO2, each designed to extinguish different types of fires. Fire extinguishers can be found in commercial, industrial, and residential settings, and are required by law in many jurisdictions to ensure fire safety compliance. They are easy to use, but proper training is necessary to ensure their safe and effective use. Regular maintenance and inspection are also crucial to ensure that fire extinguishers are in good working condition and can function properly in the event of a fire emergency. Overall, fire extinguishers are an important component of fire safety and can help prevent property damage, injury, and loss of life in the event of a fire.

The global fire extinguishers market is expected to surge exponentially due to increasing awareness about fire safety, strict government regulations & mandates, growth in the construction industry, and rising demand from commercial & residential sectors. Technological advancements and the adoption of smart fire extinguishers present opportunities for market growth. However, the high cost of advanced fire extinguisher systems, availability of substitutes, lack of trained professionals, and the impact of the COVID-19 pandemic on the construction industry poses challenges and restraints. Despite these challenges, rapid urbanization, industrialization, and increasing construction projects along with innovation and development of new technologies will create remunerative opportunities for the growth of the market during the forecast period.

The global fire extinguishers market is segmented based on product type, extinguishing agents type, fire class, application, and region.

Based on fire class, the market is segmented into Class A, Class B, Class C, Class D, Electrical Fires, and Class F. The Class C segment held the largest market share in 2022 and is further predicted to grow rapidly at a significant CAGR during the forecast period. This is mainly due to the increasing demand from the electrical and electronics industries. Class C fire extinguishers are designed to extinguish fires involving electrical equipment and are commonly used in data centers, server rooms, and other facilities with high-tech equipment. With the growing adoption of electronics in various industries, the demand for class C fire extinguishers is expected to increase. Additionally, the development of more effective and efficient class C fire extinguishers is expected to further drive market growth in this segment.

Based on the product type, the fire extinguisher industry is segregated into automatic fire extinguishers, regular dry chemicals, multipurpose dry chemicals, portable fire extinguishers, wheeled fire extinguishers, knapsack fire extinguishers, and others.

Based on the extinguishing agents, the fire extinguisher industry is divided into dry chemicals, foams, potassium bicarbonate, mono ammonium phosphate, water, carbon dioxide, and others.

Based on application, the market is segmented into industrial, commercial, residential, and public areas. The residential segment held the largest market share in 2022 and is further predicted to grow exponentially at a remarkable CAGR during the forecast period. This is due to the increasing awareness of fire safety among homeowners and the growing adoption of fire extinguishers as a precautionary measure. The increasing number of residential construction projects, particularly in emerging economies, is also driving the market growth. Additionally, the rising number of residential fires and the need for effective fire safety equipment in homes is further fueling demand for fire extinguishers in the residential sector. Therefore, the residential segment is expected to continue to be the fastest-growing segment of the fire extinguishers market in the coming years.

Based on region, the Asia-Pacific region held the dominating market share in 2022 and is further projected to surge at a notable CAGR during the forecast period. The region's rapid urbanization and industrialization have led to an increase in the number of construction projects, which has created a growing demand for fire safety equipment, including fire extinguishers. Additionally, the implementation of fire safety regulations and the growing awareness about fire safety among individuals and organizations have further fueled the demand for fire extinguishers. The presence of emerging economies such as China and India, which have large populations and high rates of urbanization, presents a significant growth opportunity for the market. These factors drive the growth of the market in the region.

This review is based on a report by Zion Market Research, titled “Fire Extinguishers Market By Product Type (Multipurpose Dry Chemical, Regular Dry Chemical, Portable Fire Extinguisher, Automatic Fire Extinguishers, Wheeled Fire Extinguishers, Knapsack Fire Extinguishers, and Others), By Extinguishing Agents Type (Dry Chemical, Foam, Carbon Dioxide, Potassium Bicarbonate, Mono Ammonium Phosphate, Water, and Others), By Fire Class (Class A, Class B, Class C, Class D, Electrical Fires, and Class F), By Application (Industrial, Commercial, Residential, Public Areas, and Others) Region– Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2023 – 2030.”- Report at https://www.zionmarketresearch.com/report/fire-extinguishers-market

Recent Developments

• In August 2021, Amerex Corporation, a leading manufacturer of fire extinguishers, announced the launch of its new line of environmentally-friendly water mist fire extinguishers. The new line features a patented nozzle design that uses less water while producing a more effective mist, making it an ideal option for areas with sensitive equipment or electronics.
• In June 2021, Johnson Controls, a leading manufacturer of fire protection systems and equipment, announced the acquisition of Silent-Aire, a manufacturer of mission-critical data center cooling and infrastructure solutions. The acquisition will enable Johnson Controls to expand its offerings and provide customers with comprehensive fire protection and infrastructure solutions.

The global fire extinguisher market is dominated by players such as:

• BRK Electronics
• Amerex Corporation
• United Technologies Corporation
• Kiddle Fire Systems
• Kosan Crisplant
• Ansul
• NAFFCO
• Flamestop Australia
• SFFECO Global
• Fike Corporation
• Johnson Controls
• Britannia Fire
• Buckeye Fire Equipment
• Tyco Fire Products LP
• Minimax GmbH & Company KG
• First Alert Inc.
• JL Industries Inc.
• Ceasefire Industries Pvt. Ltd.
• Feuerschutz Jockel GmbH & Co. KG
• Desauteland among others.

Global fire extinguisher market is segmented based on:

By Product Type

• Multipurpose Dry Chemical
• Regular Dry Chemical
• Portable Fire Extinguisher
• Automatic Fire Extinguishers
• Wheeled Fire Extinguishers
• Knapsack Fire Extinguishers

By Extinguishing Agents Type

• Dry Chemical
• Foam
• Carbon Dioxide
• Potassium Bicarbonate
• Mono Ammonium Phosphate
• Water

By Fire Class

• Class A
• Class B
• Class C
• Class D
• Electrical Fires
• Class F

By Application

• Industrial
• Commercial
• Residential
• Public Areas
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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