This market research report includes a detailed segmentation of the fire extinguisher market by product type (dry chemical, foam, and carbon dioxide) and by end users (industrial, commercial, and residential buildings). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Amerex, BRK, Desautel, Minimax, and Tyco Fire Protection.
Technavio’s market research analysts estimate the global fire extinguisher market to grow at a CAGR of around 9% between 2015 and 2019. With the introduction of fire safety norms and regulations, the demand for fire extinguishers will rise during the forecast period. EMEA dominates the global market for fire extinguishers, occupying around 42% of the total market share. The strict fire safety regulations and rules have led to the growth of the fire extinguisher market in this region. Europe also has the largest number of household users for fire extinguisher compared to the other regions.
The new market research report from Technavio provides a breakdown and analysis of the fire extinguisher segments by technology.
“In the recent years, the market has been witnessing the introduction of lighter and more portable fire extinguishers. For instance, Flame Guard USA has introduced the brand of fire extinguisher X-Tinguish, which is the same size as a room freshener can and can be used at home, in cars, motorcycles, boats, and for commercial use. Also, vendors have come up with plastic fire extinguishers, which use recyclable thermoplastic blow molded bodies,” says Faizan Akhtar, Lead Analyst, New Coverage, Technavio Research.
The dry chemical fire extinguishers dominate the fire extinguisher market, with a market share of around 34%. This segment is anticipated to retain its market dominance until the end of 2019, growing at a rate of 12%. The ability of the dry chemical powder to extinguish different types of fires is the primary driver for the growth of this segment.
The leading vendors in the global fire extinguisher market include Amerex, BRK, Desautel, Minimax, and Tyco Fire Protection. The market is dominated by the key vendors, with extensive market reach and distribution networks. Innovations in terms of the body design and the extinguishing agents used have made it fairly easier for the key market players to distinguish their products from the rest of the market offerings. The market is witnessing increased competition due to rise in innovations in the fire extinguisher industry.
A more detailed analysis is available in the Technavio report, Global Fire Extinguisher Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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