Global Fire Extinguishers Market Size Is Expected to Surpass Around $7.4 Billion Mark by 2030, Growing at a CAGR of 5.62%
Zion Market Research
Updated 12 min read
Zion Market Research
[210 + Pages Research Study] According to a market research study published by Zion Market Research, the demand analysis of Global Fire Extinguishers Market size & share revenue was valued at around USD 5.3 billion in 2022 and is estimated to grow about USD 7.4 billion by 2030, at a CAGR of approximately 5.62% between 2023 and 2030. The key market players are listed in the report with their sales, revenues and strategies are 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., and others.
Las Vegas, NV, March 31, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report 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” in its research database.
“According to the latest research study, the demand of global Fire Extinguishers Market size & share in terms of revenue was valued at USD 5.3 billion in 2022 and it is expected to surpass around USD 7.4 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 5.62% during the forecast period 2023 to 2030.”
What are Fire Extinguishers? How big is the Fire Extinguishers Industry?
Report Overview:
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.
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Global Fire Extinguishers Market: Growth Factors
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.
The global Fire Extinguishers market is segmented as follows:
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
Browse the full “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
Competitive Landscape
Some of the main competitors dominating 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.
Key Insights from Primary Research:
According to the analysis shared by our research forecaster, the Fire Extinguishers market is likely to expand at a CAGR of around 5.62% during the forecast period (2023-2030).
In terms of revenue, the Fire Extinguishers market size was valued at around US$ 5.3 billion in 2022 and is projected to reach US$ 7.4 billion by 2030.
Based on fire class segmentation, the Class C segment held the largest market share in 2022.
Based on application segmentation, the residential segment held the dominating market share in 2022.
On the basis of region, the Asia-Pacific region held the largest market share in 2022.
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Regional Analysis:
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.
By Region
North America
U.S.
Canada
Rest of North America
Europe
France
UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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.
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