About Fire Extinguisher
The increasing construction activities for the development of commercial centers, new industrials plants, and the launch of new housing projects and implementation of strict norms related to fire safety is positively augmenting for the growth of the global fire extinguishers market in the coming years. The fire extinguishers are safety tools that are used for putting off the fires and save the human lives. 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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Fire Extinguisher market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amerex (United States), BRK Electronics (United States), Minimax (Germany), Nationwide Fire Extinguishers (United Kingdom), Ansul (United States), Badger fire extinguisher (United States), Kidde (United States), First alert (United States), Rusoh (United States), Kanexfire (India) and Jactone Products Limited (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fire Extinguisher market by Type (Portable Fire Extinguisher, Trolley mounted and Others), Application (Industrial, Commercial and Residential) and Region.
On the basis of geography, the market of Fire Extinguisher has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Extinguishing Agents Type, the sub-segment i.e. Dry Chemical will boost the Fire Extinguisher market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fire Type, the sub-segment i.e. Class A will boost the Fire Extinguisher market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increased and compulsory implementation of the safety norms that are implemented by the government for the industries and The demand for the portable fire extinguishers is high owing to the increasing preferences from the customers due to their lightweight nature
Market Growth Drivers:
The growing innovation in the solution for instance innovation in sound-based firefighting technology and Increase in the infrastructural activities
Challenges:
The lack of strict regulation towards the stringent enforcement of the fire safety norms in individual house units
Restraints:
The lack of awareness about the individual house owners about the installation is comparatively low across the globe
Opportunities:
The developed nations such as Japan, Saudi Arabia, the U.A.E and U.S. is investing more on their infrastructure growth
Market Leaders and their expansionary development strategies
In November 2023, Pye-Barker Fire & Safety – the largest fully integrated and full-service fire protection, life safety and security services provider acquired of Koetter Fire Protection. In the deal, Pye-Barker gains seven Koetter Fire locations throughout Texas, bringing the company to 182 branches nationwide and significantly expanding its market saturation and service area in Texas.
September 2023, Jactone are delighted to announce the launch of our new range of Lithium Battery Fire Extinguishers, incorporating FIREBLOCK LITHIUM. Jactone Lithium Battery Fire Extinguishers are available in 2, 6 and 9 litre models which are all CE and UKCA marked.
Key Target Audience
Fire Extinguisher Manufacturer, Fire Extinguisher Suppliers, Fire Extinguisher Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.