The fire extinguisher market was estimated to clock at a 3.5% CAGR between 2016 and 2020. Fire extinguishers are pressure vessels that contain a specialized extinguishing agent that aids in the control or dousing of a fire. Portable fire extinguishers are simple to use, lightweight, and portable.
The demand for fire extinguishers is growing because of an increase in the number of heart fatalities in homes and agencies. Hearth extinguishers are key devices for preventing hearth, especially in closed spaces. These products are designed to be simple to reduce fireplace dangers in times of emergencies.
Alternatives which include hydrant structures and automated fire sprinkler structures require firefighting experts or specialized infrastructure, that has constrained attain in confined spaces. Even sprinkler systems aren’t very feasible attributable to high costs.
The worldwide fireplace extinguisher marketplace is predicted to increase drastically during the assessment duration. Increasing construction sports for the creation of commercial spaces, new commercial flowers, and the release of recent housing tasks, coupled with the advent of strict hearth protection rules, are contributing to the global fire extinguishing marketplace.
Furthermore, advancements in sound and gas-based firefighting technology will also influence the growth of the market shortly. The global fire extinguisher market is estimated to be valued at around US$ 3.6 Bn in 2021, exhibiting a 1.1 X increase over the previous year. Future Market Insights expects the global Industrial Fire Extinguisher market to expand at over 5.5% CAGR through 2031.
Some of the leading companies operating in the market are:
- Kidde
- ACTIVAR INC.
- AMEREX CORPORATION
- BRITANNIA FIRE LTD
- Ceasefire Industries Pvt. Ltd.
- DESAUTEL SAS
- FEUERSCHUTZ JOCKEL GmbH & CO. KG
- FIKE CORPORATION
- FLAMES TOP AUSTRALIA PTY. LTD.
- HATSUTA SEISAKUSHO CO., LTD.
- Jactone Products Limited
- NAFFCO FZCO
- Safex Fire Services Ltd.
- SIOUX 2001 S.L.
- Yamato Protec Corporation
- GUNNEBO AB
- Hochiki Corporation
- Johnson Controls International Plc
- PASTOR – TVA – d.d.
For any queries linked with the report, Ask an Analyst
