According to a new market report published by Lucintel, 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.
In this market, dry chemical and powder, foam based, water based, and CO2 based fire extinguishers are used in various end use industries. Lucintel 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
Within the fire extinguisher market, 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.
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.
An emerging trend, which has a direct impact on the dynamics of the industry, include sound based fire extinguisher. Amerex, United Technology Corporation, Tyco Fire Protection Products, Britannia Fire, First Trace, Minimax, Fike Corporation, JL Industries, Ceasefire, and Feuerschutz Jockel GmbH are among the major fire extinguisher providers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities for fire extinguisher market by product type, end use industry, and region and has come up with a comprehensive research report titled “Growth Opportunities in the Global Fire Extinguisher Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global fire extinguisher market by product type, end use industry, and region as follows:
By Product Type [$M shipment analysis from 2016 to 2027]:
· Dry Chemical and Powder
· Carbon Dioxide
· Water Based
· Foam Based
· Others
By End Use Industry [$M shipment analysis from 2016 to 2027]:
· Industrial
· Commercial
· Transport
· Forest
· Others
By Region [$M shipment analysis from 2016 to 2027]:
· North America
o United States
o Canada
o Mexico
· Europe
o Germany
o United Kingdom
o France
o Italy
· Asia Pacific
o Japan
o South Korea
o India
o Australia
The Rest of the World
Browse 68 market data tables and 107 figures spread through 205 pages and in-depth TOC on “Fire Extinguisher Market"
To download report brochure, please go to
https://www.lucintel.com/fire-extinguisher-market.aspx and click "report brochure" tab from the menu. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, 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 by 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 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 product substitution?
Q.11 What M&A activity has occurred in the last 5 years?