The future of the fire extinguisher market looks promising with opportunities in the industrial, residential, commercial, and transportation industries. The fire extinguisher market is expected to reach an estimated $6.2 billion by 2026 with a CAGR of 4.7% from 2020 to 2026. The major drivers for this market are increasing fire incidents, stringent fire safety norms, and growth in the construction industry.
An emerging trend, which has a direct impact on the dynamics of the industry, include sound based fire extinguisher. Amerex, United Technology Corporation, Tyco Fire Protection Products, Britannia Fire, First Trace, Minimax, Fike Corporation, JL Industries, Ceasefire, and Feuerschutz Jockel GmbH are among the major fire extinguisher providers.
A total of 90 figures / charts and 66 tables are provided in this 170-page report to help in your business decisions. A sample figure with insights is shown below. To learn the scope of benefits, companies researched, and other details of the fire extinguisher market report, please download the report brochure.
The study includes trends and forecast for fire extinguisher market by product type, end use industry, and by region as follows:
By Product Type [$M shipment analysis from 2015 to 2026]:
- Dry Chemical and Powder
- Carbon Dioxide
- Water Based
- Foam Based
By End Use Industry [$M shipment analysis from 2015 to 2026]:
By Region [$M shipment analysis from 2015 to 2026]:
- North America
- United States
- United Kingdom
- Asia Pacific
- South Korea
- The Rest of the World
Dry chemical and powder based extinguishers will remain the largest segment as these extinguishers are suitable for Class A, B, and C fire type .
Industrial segment will remain the largest end use industry during the forecast period due to rapid industrialization in emerging economies, increasing demand of fire extinguishers in oil & gas, mining, and chemical industries, and stringent in fire safety regulation.
Asia Pacific is expected to witness the highest growth over the forecast period supported by rapid industrialization, growing residential and commercial construction, and government regulation toward fire safety.
Some of the features of “Global Fire Extinguisher Market: Trends, Forecast and Competitive Analysis” Include:
- Market size estimates: Global fire extinguisher market estimation in terms of value ($M) shipment.
- Trend and forecast analysis: Market trends (2015-2020) and forecast (2021-2026) by product type and end use industry.
- Segmentation analysis: Global fire extinguisher market size by various segments, such as product type and end use industry
- Regional analysis: Global fire extinguisher market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth opportunities: Analysis on growth opportunities in different end use industries and regions for the fire extinguisher coating market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape for fire extinguisher coating market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global fire extinguisher market by product type (dry chemical and powder, foam based, water based, CO2, and others), by end use industry (industrial, commercial, transportation, forest, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?