Fire Extinguisher Market Report 2021, Industry Analysis, Size, Share, Trends, Demand and Future Scope

Chemical and Materials

Fire Extinguisher Market Report by Product (Portable, Knapsack, Wheeled), by Application (Industrial, Commercial, Households, Public Areas & Others), by Extinguishing Agent (Dry Chemical, Foam, Carbon Dioxide, Dry Powder & Others), by Fire (Class A, Class B, Class C, Class D, Class K), Key Players and Region – Industry Outlook to 2026.

According to a new report by IMARC Group, the global fire extinguisher market size reached US$ 4.9 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years. A fire extinguisher is a portable fire protection apparatus used in emergencies for putting out or controlling fires before the arrival of firefighters. It consists of a cylinder containing an extinguishing agent, nozzle, handle and pressure gauge. It works by expelling the extinguishing agent at high pressure, which helps by cooling the burning material; depriving the flame of oxygen; or interfering with the flame’s chemical reaction. Many fire extinguishers available today are labeled with more than one designator and can be used for different types of fires. With the increasing outbreaks of fire incidents across the world, the demand for fire extinguishers is continuously rising.

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Market Trends:

Governments of various nations have introduced stringent safety standards to avert any untoward incident due to fire outbreaks. This has led to an increase in the installation of extinguishers in restaurants, hotels, buildings, schools, hospitals, offices, houses and factories. Besides this, the leading manufacturers are focusing on launching eco-friendly gas- or powder fire-based extinguishers which do not release toxic gases or residue. They are also designing a more extensive product portfolio including compact, lightweight and cost-efficient fire extinguishers. Moreover, several companies are emphasizing on mergers and acquisitions (M&A) to expand their consumer-base and broaden their market operations worldwide. For instance, Kidde, a manufacturer and distributor of fire detection and suppression equipment, has acquired the manufacturing operations of the British specialty chemical company, Croda International, in Liverpool and Lyon.

Some of the key players being Amerex Corporation, United Technologies Corporation, Tyco Fire Protection Products, Minimax, Britannia Fire Ltd., First Alert Inc., JL Industries, Ceasefire Industries Pvt. Ltd., Feuerschutz Jockel GmbH & Co. KG and Desautel.

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Insights on Market Segmentation:

Market Breakup by Product:

1. Portable

2. Knapsack

3. Wheeled

Based on the type, the market has been segmented as portable, knapsack and wheeled. Portable fire extinguishers currently represent the most popular type, dominating the market.

Market Breakup by Extinguishing Agent:

1. Dry Chemical

2. Foam

3. Carbon Dioxide

4. Dry Powder

5. Others

On the basis of the extinguishing agent, the market is segregated into dry chemical, foam, carbon dioxide dry powder and others. At present, dry chemical exhibits a clear dominance in the fire extinguisher market.

Market Breakup by Fire:

1. Class A

2. Class B

3. Class C

4. Class D

5. Class K

The market has been categorized based on the fire type into Class A, Class B, Class C, Class D and Class K. Amongst these, Class A is the leading segment, holding the largest market share.

Market Breakup by Application:

1. Industrial

2. Commercial

3. Households

4. Public Areas

5. Others

Based on the application, the report finds that the industrial sector is the largest segment, accounting for the majority of the total market share. It is followed by commercial, households, public areas and others.

Market Breakup by Region:

1. Europe

2. Asia Pacific

3. North America

4. Middle East and Africa

5. Latin America

Region-wise, Europe enjoys the leading position in the market. Other major regions include Asia Pacific, North America, Middle East and Africa, and Latin America.

Imports and Exports:

1. Imports by Major Countries

2. Exports by Major Countries

On assessing the import and export scenario of the market, it has been found that the United States and China are the biggest importer and exporter of fire extinguishers, respectively.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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