Fire Extinguisher Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Fire Extinguisher Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global fire extinguisher market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

A fire extinguisher is a portable safety device, which is widely utilized for extinguishing small fires during emergencies and minimizing the potential destruction before the arrival of firefighters. It comprises a cylinder that has an extinguishing agent, a nozzle, a handle and a pressure gauge. It primarily works by expelling the extinguishing agent at a high pressure, which assists in cooling the burning material, depriving the flame of oxygen and interfering with the flame’s chemical reaction.

Governments in numerous countries are introducing stringent safety norms to prevent any unexpected incident on account of fire outbreaks. This has encouraged the installation of extinguishers, especially in houses, restaurants, hotels, schools, hospitals, offices and factories. The demand for fire extinguishers is further supported by rising industrialization levels, coupled with the construction of commercial spaces, particularly in developing regions. Moreover, the market is influenced by insurance agencies, which make it mandatory to install a fire extinguisher in insured buildings. Apart from this, the leading players in the industry are introducing eco-friendly, gas- or powder-based fire extinguishers that do not release toxic gases. They are also expanding their product portfolio by including compact, lightweight and cost-efficient fire extinguishers. Various companies are also investing in merger and acquisitions (M&A) to expand their consumer-base and broaden their market operations around the world.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fire extinguisher market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, extinguishing agent, fire and application.

Breakup by Product:

Portable
Knapsack
Wheeled

At present, portable fire extinguishers represent the most preferred product type worldwide.

Breakup by Extinguishing Agent:

Dry Chemical
Foam
Carbon Dioxide
Dry Powder
Others

Amongst these, dry chemical accounts for the majority of the total market share.

Breakup by Fire:

Class A
Class B
Class C
Class D
Class K

Class A fires, which involve solid combustible materials like coal, wood, paper, textiles and plastics, currently exhibit a clear dominance in the market.

Breakup by Application:

Industrial
Commercial
Households
Public Areas
Others

The industrial sector is the leading application segment and accounts for the largest market share.

Regional Insights:

Europe
Asia Pacific
North America
Middle East and Africa
Latin America

On the geographical front, North America represents the largest market around the world.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the key players operating in the industry. Some of these players are Amerex Corporation, United Technologies Corporation, Tyco Fire Products LP, Minimax GmbH & Company KG, Britannia Fire Ltd., First Alert Inc., JL Industries, Inc., Ceasefire Industries Pvt. Ltd., Feuerschutz Jockel GmbH & Co. KG and Desautel.

Key Questions Answered in This Report
1. What was the size of the global fire extinguisher market in 2022?
2. What is the expected growth rate of the global fire extinguisher market during 2023-2028?
3. What are the key factors driving the global fire extinguisher market?
4. What has been the impact of COVID-19 on the global fire extinguisher market?
5. What is the breakup of the global fire extinguisher market based on the product?
6. What is the breakup of the global fire extinguisher market based on the extinguishing agent?
7. What is the breakup of the global fire extinguisher market based on the fire?
8. What is the breakup of the global fire extinguisher market based on the application?
9. What are the key regions in the global fire extinguisher market?
10. Who are the key players/companies in the global fire extinguisher market?