Global Automatic Fire Ball Extinguisher Market - 2024-2031

Global Automatic Fire Ball Extinguisher Market - 2024-2031

Global Automatic Fire Ball Extinguisher Market reached US$ 0.9 billion in 2023 and is expected to reach US$ 1.5 billion by 2031, growing with a CAGR of 6.3% during the forecast period 2024-2031.

The automatic fire ball extinguisher is a completely automatic fire extinguisher. When hurled or rolled into a fire, it bursts and extinguishes it instantly. It can also identify hotspots like combustible objects, circuit breakers and gas tanks. It is a circular fire extinguisher that automatically ignites after three to five seconds of fire exposure. It distributes non-toxic extinguishing chemicals and can extinguish fires within a three-cubic-meter radius.

The rising demand for adequate fire protection systems in both residential and commercial locations is likely to drive market expansion. Furthermore, the expanding building activities for creating commercial centers, new industrial plants and launching new housing projects, in addition to enforcing severe fire safety requirements, enhance the market's growth.

In 2023, North America is expected to be the second-dominant region with over 30% of the global automatic fire ball extinguisher market. Increasing fire occurrence globally is likely to drive market expansion over the forecast period. As per the NFPA, 1.35 million fires occurred in U.S. in 2021. The fires killed 3,800 civilians and injured 14,700. The property damage caused by these fires was assessed at US$ 15.9 billion. It is expected to increase the demand for the fire ball extinguisher.

Dynamics

Increasing Regulations

Governments throughout the world are enforcing strict fire safety rules and construction codes that require the installation of fire extinguishing devices. Compliance with these standards creates a demand for dependable fire safety solutions. Regulation surrounding the installation of fire protection systems owing to the increasing number of incidents globally are expected to drive the use of the fire ball extinguisher systems in the commercial and residential sectors.

Government efforts and public safety campaigns are increasing awareness of the necessity of fire protection devices, such as automatic fireball extinguishers. For example, as per the National Fire Protection Association statistics, heating equipment is the second-leading cause of house fires in U.S., accounting for 52,050 fires per year on average. Furthermore, an average of 35,100 home fires are caused by electrical distribution or lighting equipment each year.

Rapidly Rising Fire Incidences

Growing fire occurrence globally is likely to drive market expansion over the forecast period. In a study evaluating the performance of portable extinguishers in 2100 fire instances in UK, the Fire Extinguishing Trades Association and Independent Fire Engineering and Distributors Association discovered that extinguishers efficiently put out the fire in 80% of the cases. In 75% of these incidents, the homeowner did not contact the fire department.

Automatic fireball extinguishers safeguard property and infrastructure during a fire. For example, on May 1, 2022, a Mumbai-based fire safety business introduced an extinguisher for EV battery fires. The product is specifically intended for battery fires and the ISI is marked in accordance with IS 15683. It employs an aqueous vermiculite dispersion fire extinguishing chemical, a novel technology that efficiently combats lithium-ion battery fires through fixed and portable delivery methods. It is projected to boost market growth.

High Production Costs

Automatic fireball extinguishers require specialized materials and chemicals, which can be costly. Price fluctuations in these raw materials might have an impact on total manufacturing costs. Incorporating sophisticated technologies to improve the efficacy and dependability of fireball extinguishers raises production costs. The high expenses can be prohibitive, especially in price-sensitive regions.

The fire safety equipment industry is subject to strict rules and standards to assure product safety and effectiveness. Complying with these regulations incurs significant expenditures for testing, certification and continuing compliance. Different countries have different safety standards and regulatory requirements, making it difficult for manufacturers to create goods that are globally compliant. The variability hampers globally market expansion.

Segment Analysis

The global automatic fire ball extinguisher market is segmented based on agent, fire, application and region.

Multipurpose Use of Dry Powder Drives the Segment Growth

Dry powder is expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. Dry powder fire balls have grown in popularity due to their multipurpose applications in a variety of end-use sectors, as well as their ability to extinguish almost any type of fire. A dry powder fireball is an exceptionally adaptable extinguisher option because it can be used on practically any fire type. It is predicted to accelerate market growth during the forecast period.

Furthermore, they are commonly employed in residential buildings since they are effective against all three types of domestic fires. Comparatively low prices and high adaptability are also driving industry expansion. As the extinguishing chemical in these products is dry, there is little harm to electrical appliances at the hazard site. Dry-chemical fire extinguishers are typically used in industrial settings, including warehouses.

Geographical Penetration

Rapid Growth in Industrial and Commercial Sectors in Asia-Pacific

Asia-Pacific is expected to be the dominant region in the global automatic fire ball extinguisher market covering over 30% of the market. Local players dominate the region and demand for automatic fireball extinguishers is expected to rise in growing markets such as China, India and South Korea. Furthermore, the growing rise of the industrial and commercial sectors in the region is increasing the demand for fireball extinguishers.

Furthermore, the growing demand for smart buildings and smart home automation systems that provide maximum safety and security is predicted to promote the use of automatic fireball extinguishers in Asia-Pacific. For example, on September 6, 2019, the Pune-based start-up Deccaleap Technologies introduced novel fire safety technologies for passenger vehicles and home care. The fire safety products, known as ""Thro"" and ""F-Protekkt,"" are said to douse fire instantly.

Competitive Landscape

The major global players in the market include Firetech Global, Elide Fire Ball Pro Co., Ltd., L. R. INDUSTRIES, Auto Fireball, Universal Fire Protection, Fireball RSA, DANSA group Germany, Fire and Safety Systems LTD, HelloMedicals and Key Safety Systems.

COVID-19 Impact Analysis

The globally coronavirus outbreak had a negative impact on the global economy. Lockdown orders were implemented by many governments throughout the world to disrupt the chain and spread of the coronavirus. It had a devastating impact on the automatic fireball extinguisher market's supply chain, applications, commerce and growth. Furthermore, the global pandemic has led to a decrease in the deployment of new fire extinguishers in commercial and residential sectors.

The COVID-19 epidemic, as expected, had a negative impact on the global automated fire extinguisher sector. The fire extinguisher ball supply chain faced a number of issues, including a shortage of freight capacity and truck drivers, warehouse labor shortages, congested ports and expensive shipping container rates. The restrictions on the movement of persons have particularly delayed the installation of fire extinguishers in various establishments.

Russia-Ukraine War Impact

Russia and Ukraine are major producers of raw materials such as metals and chemicals used in the manufacture of fireball extinguishers. The war has affected mining and production activity, resulting in shortages and higher prices for key goods. The fighting has resulted in substantial disruptions in transportation networks. It includes limited airspace, damaged infrastructure and higher shipping costs, which complicate the transportation of products and equipment.

Manufacturing facilities in Ukraine and war-affected regions have shut down or restricted operations, affecting the manufacture of fireball extinguishers. Energy supply outages, notably from Russian sources, have hampered production activity in Europe and other regions reliant on Russian energy. It has resulted in increased operational costs and output delays.

By Agent
• Dry Powder
• Carbon Dioxide
• Foam
• Others

By Fire
• Class A
• Class B
• Class C
• Class D
• Class K

By Application
• Residential
• Commercial

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In February 2021, Win Time Technology introduced a brand-new plant-based fire extinguisher chemical as part of its No Agricultural Waste research and development project. The item is expected to substitute current conventional fire extinguishers with a greener alternative.
• In April 2019, Firetech Global established a partnership with Marvel Gloves to distribute their innovative fire extinguishers throughout India.

Why Purchase the Report?
• To visualize the global automatic fire ball extinguisher market segmentation based on agent, fire, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of automatic fire ball extinguisher market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global automatic fire ball extinguisher market report would provide approximately 62 tables, 54 figures and 192 pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies