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Fire Extinguisher Market by Product Type (Portable, Fixed systems), by Extinguishing Agent (Dry chemical, Foam, Carbondioxide, Dry powder, Water, Wet chemical, Others (Halotron, etc.)), by Class of Fire (Class A, Class B, Class C, Class D, Class K), by Capacity (Low(upto 10lbs), Mid (10-30 lbs), High (above 30lbs)), by Application (Residential, Commercial, Industrial), by Distribution Channel (Online, Offline), by North America (U.S., Canada), by Europe (Germany, U.K., France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific), by Middle East & Africa (Saudi Arabia, South Africa, Turkey), by Latin America (Brazil, Mexico, Argentina) Forecast 2025-2033
The size of the Fire Extinguisher Market was valued at USD 10 billion in 2024 and is projected to reach USD 13.34 billion by 2033, with an expected CAGR of 4.2% during the forecast period.These include the growth due to increasing worldwide emphasis on fire safety, hence the increasing need for effective and reliable fire protection equipment. It is demand contributed by commercial and industrial buildings, as well as residential premises in their drive for protecting life, property, and business. Stringent fire safety rules and regulations governing building construction across various areas impose installation and maintenance of fire extinguishers. Thus, the market continues to rise. The importance of taking forward-looking actions for the proper suppression of fires has made individuals and organizations more aware of the hazard, which also drives this growth. The growing investments in the development of infrastructure and construction of new buildings are creating new opportunities for the growth of fire extinguisher market. Improvements in fire extinguisher technology, like more effective and environmentally friendly extinguishing agents, are also propelling the market forward.
The fire extinguisher market is highly fragmented with a large number of small and medium-sized players operating in the market. However, few major players such as Amerex Corporation, Tyco Fire Protection Products, and Johnson Controls International plc hold a significant share of the market.
The key trends driving the growth of the fire extinguisher market include:
North America and Europe are the leading regions in the global fire extinguisher market. Asia Pacific is expected to grow at a significant rate during the forecast period due to the increasing construction activities and industrialization in the region.
In terms of segments, the portable fire extinguisher segment is expected to dominate the market during the forecast period due to its ease of use and portability.
The market for fire extinguishers is segmented based on product type, extinguishing agent, class of fire, capacity, and application. The fire extinguisher market is segmented based on product type into portable and fixed systems. The portable fire extinguisher segment is further classified into water, foam, dry chemical powder, carbon dioxide, dry powder, and wet chemical extinguishers. The fixed fire extinguisher segment is classified into water mist, foam, dry chemical powder, and carbon dioxide extinguishers.
The fire extinguisher market is driven by the increasing demand for fire protection measures in various end-use industries such as commercial, industrial, and residential. The growing awareness of fire safety regulations, technological advancements, and expansion of the construction industry are also contributing to the growth of the market.
North America and Europe are the leading regions in the global fire extinguisher market. The growth in these regions is attributed to the stringent fire safety regulations and the presence of a large number of commercial and industrial establishments. Asia Pacific is expected to grow at a significant rate during the forecast period due to the increasing construction activities and industrialization in the region.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 4.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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