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 $6.6 billion by 2027 with a CAGR of 5.1% from 2021 to 2027. The major drivers for this market are increasing fire incidents, stringent fire safety norms, and growth in the construction industry.
Answer: The global fire extinguisher market is expected to reach an estimated $6.6 billion by 2027.
Q2. What is the growth forecast for fire extinguisher market?
Answer: The fire extinguisher market is expected to grow at a CAGR of 5.1% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the fire extinguisher market?
Answer: The major drivers for this market are increasing fire incidents, stringent fire safety norms, and growth in the construction industry.
Q4. What are the major applications or end use industries for fire extinguisher?
Answer: Industrial and commercial are the major end use industries for fire extinguisher.
Q5. What are the emerging trends in fire extinguisher market?
Answer: An emerging trend, which has a direct impact on the dynamics of the industry, include sound based fire extinguisher.
Q6. Who are the key fire extinguisher companies?
Answer: Some of the key fire extinguisher companies are as follows:
Answer: The analyst forecasts that dry chemical and powder based extinguishers will remain the largest market as these extinguishers are suitable for Class A, B, and C fire type
Q8: In fire extinguisher market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
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 the 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 material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Emerging Trends in the Fire Extinguisher Market
An emerging trend, which has a direct impact on the dynamics of the industry, include sound based fire extinguisher.Fire Extinguisher Market by Segment
The study includes trends and forecast for the global fire extinguisher market by product type, end use industry, and region as follows:Fire Extinguisher Market by Product Type [$M shipment analysis from 2016 to 2027]:
- Dry Chemical and Powder
- Carbon Dioxide
- Water Based
- Foam Based
- Others
Fire Extinguisher Market by End Use Industry [$M shipment analysis from 2016 to 2027]:
- Industrial
- Commercial
- Transport
- Forest
- Others
Fire Extinguisher Market by Region [$M shipment analysis from 2016 to 2027]:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- The United Kingdom
- France
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
- Brazil
- Argentina
List of Fire Extinguisher Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fire extinguisher companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fire extinguisher companies profiled in this report includes.- Amerex
- United Technology Corporation
- Tyco Fire Protection Products
- Britannia Fire
- First Trace
- Minimax
- Fike Corporation
- JL Industries
- Ceasefire
- Feuerschutz Jockel GmbH
Fire Extinguisher Market Insight
- The analyst forecasts that industrial 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 strict fire safety regulation.
- Dry chemical and powder based extinguishers will remain the largest market as these extinguishers are suitable for Class A, B, and C fire type
- Asia Pacific is expected to witness the highest growth over the forecast period supported by rapid industrialization, growing residential and commercial construction, and stringency in government regulation towards fire safety.
Features of Fire Extinguisher Market
- Market Size Estimates: Fire extinguisher market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Market size by product type and end use industry
- Regional Analysis: Fire extinguisher market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, end use industry, and regions for the fire extinguisher market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the fire extinguisher market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the fire extinguisher market size?Answer: The global fire extinguisher market is expected to reach an estimated $6.6 billion by 2027.
Q2. What is the growth forecast for fire extinguisher market?
Answer: The fire extinguisher market is expected to grow at a CAGR of 5.1% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the fire extinguisher market?
Answer: The major drivers for this market are increasing fire incidents, stringent fire safety norms, and growth in the construction industry.
Q4. What are the major applications or end use industries for fire extinguisher?
Answer: Industrial and commercial are the major end use industries for fire extinguisher.
Q5. What are the emerging trends in fire extinguisher market?
Answer: An emerging trend, which has a direct impact on the dynamics of the industry, include sound based fire extinguisher.
Q6. Who are the key fire extinguisher companies?
Answer: Some of the key fire extinguisher companies are as follows:
- Amerex
- United Technology Corporation
- Tyco Fire Protection Products
- Britannia Fire
- First Trace
- Minimax
- Fike Corporation
- JL Industries
- Ceasefire
- Feuerschutz Jockel GmbH
Answer: The analyst forecasts that dry chemical and powder based extinguishers will remain the largest market as these extinguishers are suitable for Class A, B, and C fire type
Q8: In fire extinguisher market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% customization without any additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, 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 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 the 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 material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Table of Contents
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region
5. Competitive Analysis
6. Competitive Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amerex Corporation
- United Technologies Corporation
- Tyco Fire Protection Products
- Minimax
- Britannia Fire
- First Alert, Inc
- JL Industries
- Ceasefire Industries Pvt.Ltd
- Feuerschutz Jockel GmbH & Co. KG
- Desautel
- Fike Corporation
- Firetrace International LLC
- 3S Incorporated
- Rotarex Group
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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