Fire Extinguishers Market by Product, End-user, Extinguishing Agent, and Geography

The fire extinguishers market size has the potential to grow by USD 1.87 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (portable, knapsack, and wheeled), end-user (industrial, commercial, and residential), extinguishing agent (dry chemical, foam, carbon dioxide, and others), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Activar Construction Products Group Inc., Ceasefire Industries Pvt ltd., DESAUTEL, Feuerschutz Jockel GmbH & Co. KG, HOCHIKI Corp., Johnson Controls International Plc, McWane Inc., Minimax GmbH & Co. KG, Newell Brands Inc., and United Technologies Corp.

Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will decrease during the forecast period, primarily owing to the rising number of mergers and acquisitions. Johnson Controls International Plc, McWane Inc., Minimax GmbH & Co. KG, Newell Brands Inc., and United Technologies Corp. are some of the major market participants. Although the implementation of stringent fire safety regulations will offer immense growth opportunities, the rising penetration of automated fire detectors and sprinkling systems will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this fire extinguishers market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this fire extinguishers market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Activar Construction Products Group Inc.
• Ceasefire Industries Pvt ltd.
• DESAUTEL
• Feuerschutz Jockel GmbH & Co. KG
• HOCHIKI Corp.
• Johnson Controls International Plc
• McWane Inc.
• Minimax GmbH & Co. KG
• Newell Brands Inc.
• United Technologies Corp.

APAC accounted for the largest fire extinguishers market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising construction activities in the commercial and residential sectors, positive economic scenario in emerging economies, and the increasing number of smart city projects are significantly driving the fire extinguishers market growth in this region.

Almost 45% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for fire extinguishers in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Portable fire extinguishers are easy to use and are available in various forms such as water and foam, carbon dioxide, dry chemical, wet chemical, and water mist. They are widely used across industrial, commercial, and residential end-user segments. As a result, the growth of the fire extinguishers market growth by the portable segment is expected to be substantial over the forecast period.

Market growth by the portable segment will be faster than the growth of the market by the other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the fire extinguishers market size.

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