Fire Extinguishers Market Size, Share, Trends, Growth 2030

Fire Extinguishers Industry Perspective:

The value of the global fire extinguishers market size in 2022 was $5.3 Billion and is projected to reach $7.4 Billion by the end of 2030. The global market is likely to register a high growth rate of 5.62% during the forecast period.

The market report offers quantitative and qualitative insights into the key drivers, opportunities, constraints, and challenges impacting global fire extinguishers market growth.

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Global Fire Extinguishers Market: Overview

Fire extinguishers are active fire protection devices that act as safety tools that are used for turning off fires and saving human lives and property. These are used for controlling small fires in emergency cases. The fire protection sector has an increasing demand for fire extinguishers. A fire extinguisher helps in extinguishing the fire and controls the fire from spreading to the surrounding. A fire extinguisher has a pressure vessel that can be hand-held and is generally in a cylinder shape; in that, there is an agent which when discharged extinguishes the fire. Fire extinguishers are also manufactured in non-cylindrical pressure vessels, but they are not used commonly.

Key Insights

• As per the analysis shared by our research analyst, the global fire extinguishers market is expected to grow annually at a promising CAGR of around 5.62% during the forecast period 2023-2030.
• In terms of revenue, the global fire extinguishers market size was valued at around $5.3 billion and is projected to reach $7.4 billion by the end of 2030.
• 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.
• Based on fire class, the Class C segment held the largest market share in 2022
• Based on application, the residential segment held the dominating market share in 2022.
• Based on region, the Asia-Pacific region held the largest market share in 2022.

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Global Fire Extinguishers Market: Growth Factors

Increase in the construction of buildings and infrastructural activities drive the growth of the market

The increased and compulsory implementation of the safety norms that are implemented by the government for the industries is the major factor that is driving the global fire extinguishers market. The other factors that attribute to the growth of the market include the rise in the investments that are made by the industries for fire safety and the technological developments that are made in the equipment used for safety purposes, thereby triggering the demand for the market. The market is also influenced by insurance companies since they are making it compulsory to install a fire extinguisher in buildings whose interests are protected by insurance policies. The demand for portable fire extinguishers is high owing to the increasing preferences from customers due to their lightweight nature. An increase in infrastructural activities is also a factor that contributes to market growth, as fire extinguishers are compulsory in residential and commercial projects.

Global Fire Extinguishers Market: Restraints

Lack of trained professionals and high cost of advanced fire extinguisher systems might hinder the growth of the market

The fire extinguishers market faces certain restraints such as the high cost of advanced fire extinguisher systems, which can limit adoption in price-sensitive markets. Additionally, the availability of substitutes such as fire sprinkler systems and fire-resistant materials could also limit the fire extinguisher industry growth. Furthermore, the lack of trained professionals to handle and operate fire extinguishers could also pose a challenge. Lastly, the impact of the COVID-19 pandemic on the construction industry could also affect market growth.

Global Fire Extinguishers Market: Opportunities

Surge in demand for water-based fire extinguishers might create ample opportunities for the market

The demand for water-based fire extinguishers is also increasing since it is safe and effective to use because the water molecules help the oxygen level to decrease and suffocate the fire quickly. Most importantly, deionized water can be used on electrical fires as it acts as a bad conductor. The residential use of fire extinguishers is also increasing as most of the fire cases are found in residential areas like single and 2-family homes. The key players in fire extinguisher market have also started manufacturing eco-friendly extinguishers which do not emit toxic gases. These factors create ample opportunities for the growth of the market.

Global Fire Extinguishers Market: Challenges

Prevalence of regulations and lack of standardization in fire safety codes might act as a challenge

The global fire extinguishers market faces several challenges, such as the need to constantly innovate and develop new technologies to keep up with changing fire safety regulations and requirements. Additionally, the lack of standardization in fire safety codes and regulations across different regions and countries could create challenges for companies operating in multiple locations. The market also faces challenges related to distribution channels and supply chain management, as the heavyweight and hazardous nature of fire extinguishers can make transportation and storage difficult. Lastly, increasing competition and the presence of numerous players in the market could make it challenging for new entrants to establish themselves and compete effectively.

Global Fire Extinguishers Market: Segmentation

The global market for fire extinguishers is fragmented into product type, fire class, extinguishing agents, application, and region.

Based on the product type, the global market 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 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 application, the fire extinguisher industry is segmented into industrial, commercial, residential, public areas, and others. 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.

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.

Global Fire Extinguishers Market Report Scope:

Global Fire Extinguishers Market: Regional Analysis

Asia Pacific to dominate global market followed by North America and Europe

The region that is dominating the global fire extinguishers market is the Asia Pacific. The Asia Pacific is followed by North America and Europe. The major factor that is contributing to market growth is the significant development in the infrastructural activities in emerging economies such as Japan, China, and India. The immensely growing construction sector, especially residential and commercial infrastructure in urban areas, is likely to create huge demand for fire extinguishers in the upcoming years.

The rapid pace of urbanization especially in India, Thailand, Indonesia, and Malaysia is likely to stimulate the construction of residential buildings which is likely to further fuel the demand for fire extinguishers in the Asia Pacific region in the next few years. The other factors that are contributing to the market growth in the Asia Pacific region are the implementation of safety protocols and the increasing support by the government in the form of fire protection investments is fueling the demand of the market.

Global Fire Extinguishers Market: Competitive Players

The key players that are involved in the global fire extinguishers market include:

• 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