Fire Extinguishers

Fire Extinguishers

Global Fire Extinguishers Market to Reach US$9.7 Billion by 2030

The global market for Fire Extinguishers estimated at US$5.6 Billion in the year 2023, is expected to reach US$9.7 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2023-2030. Dry Chemical & Dry Powder Fire Extinguishers, one of the segments analyzed in the report, is expected to record a 8.0% CAGR and reach US$6.4 Billion by the end of the analysis period. Growth in the Carbon Dioxide Fire Extinguishers segment is estimated at 9.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.6 Billion While China is Forecast to Grow at 9.8% CAGR

The Fire Extinguishers market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 9.8% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.1% and 7.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.

Global Fire Extinguishers Market - Key Trends & Drivers Summarized

Fire extinguishers are critical safety devices designed to suppress or extinguish fires in emergency situations. They come in various types, each suitable for handling different classes of fires—ranging from ordinary combustibles like wood and paper (Class A) to flammable liquids (Class B) and electrical equipment fires (Class C). The contents of fire extinguishers can include water, foam, dry chemical, carbon dioxide, or specialized chemicals designed to combat specific types of fires without conducting electricity or damaging sensitive equipment. These devices are essential components of fire safety management in residential, commercial, and industrial settings, providing a first line of defense against the spread of fires and offering individuals the means to protect property and lives until professional firefighters can arrive.

Over the years, the development and improvement of fire extinguishers have been significantly influenced by technological advances and stringent safety regulations. Innovations such as more effective extinguishing agents and user-friendly designs enhance the performance and ease of use of these devices. Furthermore, the integration of smart technology into fire extinguishers, including sensors that can alert users to maintenance issues or when a device has been discharged, represents a forward leap in making these systems more reliable and efficient. The industry is also moving towards more environmentally friendly agents that have a lower global warming potential and are less harmful to the ozone layer, in response to environmental concerns and regulatory pressures.

The growth in the fire extinguishers market is driven by several factors, including increased awareness of safety protocols, regulatory compliance demands, and technological advancements. As building codes become stricter and occupational health and safety regulations are enforced more rigorously, the installation of fire extinguishers is becoming mandatory in more types of buildings and vehicles, both in developed and developing countries. Additionally, rising urbanization and the resulting increase in residential and commercial construction projects contribute to the demand for fire safety devices, including extinguishers. Technological innovations that improve the effectiveness and environmental safety of fire extinguishers also play a crucial role in driving market growth. Moreover, as consumer behavior shifts towards prioritizing safety and sustainability, demand for advanced, eco-friendly fire extinguishers is expected to rise, ensuring steady growth in the market.

Select Competitors (Total 218 Featured) -

• Fike Corporation
• Ceasefire Industries Pvt., Ltd.
• Churches Fire Security Ltd.
• Firetrace International
• First Alert, Inc.
• Bull Products Ltd.
• H3R Aviation, Inc.
• Firetronics Pte., Ltd.
• Chubb Fire & Security Group
• A Total Solution, Inc.
• Academy Fire
• Allied Protection
• DSPA
• Flameguard Fire Equipment, Inc
• Akshit Fire Safety & Services

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