According to the latest market research study released by Technavio, the GCC fire extinguisher market is expected to grow at a CAGR of more than 17% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the GCC fire extinguisher market based on product type:
GCC fire extinguisher market share by product type 2015
|
Dry Chemical Fire Extinguisher |
35.00% |
|
Foam Fire Extinguisher |
28.00% |
|
Carbon Dioxide Fire Extinguisher |
19.00% |
|
Other Fire Extinguisher |
18.00% |
Source: Technavio
The top three revenue contributing product segments are discussed below:
GCC dry chemical fire extinguisher market
The GCC dry chemical fire extinguisher market was valued at over USD88 million in 2015 and is expected to grow at a CAGR of around 19% by 2020. Dry chemical fire extinguishers control the fire by disrupting the chemical reaction in fire triangle. These products are the most widely used fire extinguishers owing to the wide range of applicability in different situations. In the case of a class A fire, it works by forming a barrier between fuel and oxygen element in the fire triangle. The dry chemical agent used in this type of extinguishers is usually mono-ammonium phosphate powder or a mixture of mono-ammonium phosphate and ammonium sulfate.
“These fire extinguishers are most commonly known as the multipurpose extinguishers due to its versatility of extinguishing fire for various purposes. These devices can be used for residential buildings and commercial or industrial applications. The increasing investment in commercial real estate and the rising urbanization in GCC will contribute to the growth of the market during the forecast period,” says Bharath K, a lead analyst at Technavio for research on automation.
GCC foam fire extinguisher market
The GCC foam fire extinguisher market was valued at close to USD71 million in 2015 and is expected to grow at a CAGR of around 18% by 2020. These fire extinguishers are used for suppressing or controlling fuel-based fire, and the increasing number of fuel-based hazards occurring in various industries will fuel the growth of this market segment. The foam acts as the fire extinguishing agent and helps in removing the heating element from the fire triangle and cuts off oxygen supply from the fire. The rising number of manufacturing, fabrication, and testing facilities is expected to result in an increased demand for foam fire extinguishers. Foam fire extinguishers can secure the object from reigniting or sparking for extended periods of time.
GCC carbon dioxide fire extinguisher market
The GCC carbon dioxide fire extinguisher market was valued at almost US48 million in 2015 and is expected to grow at a CAGR of about 16% by 2020. These extinguishers are mostly used for class B fires that are caused by inflammable liquids and for class E fires that involve fire arising out of electrical equipment. These devices take the oxygen element away from the fire triangle and displace the heating element by releasing a cold discharge. The growing number of industrial activities in GCC will result in the increasing demand for carbon dioxide fire extinguishers during the forecast period.
The top leading vendors operating in the GCC fire extinguisher market are:
- Amerex
- Kidde Fire Systems
- Tyco Fire Protection Products
- NAFFCO
- Bristol
Other prominent vendors in the market include Albilad Fire Fighting Systems, Heba fire and safety systems, and SFFECO.
A more detailed analysis is available in the Technavio report titled, ‘GCC Fire Extinguisher Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Building Fire Extinguisher Market 2016-2020
- Global Fire Extinguishers Market 2016-2020
- Global Industrial Fire Safety Equipment Market 2016-2020
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