Fire Extinguisher Market 2022 Key Players, End User, Demand and Consumption by 2031

Increasing industrial and commercial sector applications of fire extinguishers, coupled with implementation of stringent regulations and building codes are likely to result in increasing demand over the forecast period.

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However, the ongoing crisis caused by COVID-19 pandemic has severely impacted the global economy. It has resulted in a complete shutdown of the supply chain networks and manufacturing activities. This also has negatively impacted the overall operations in the fire extinguisher market.

The market is however expected to witness lucrative opportunities during the forecast period owing to increasing demand from commercial and industrial sectors. New unit sales and replacement / retrofit jobs will contribute to growth.

Increasing regulations for building design codes in the residential sector, will also generate gains in the coming decade. Moreover, manufacturers are investing in R&D activities to offer innovative and technologically advanced product offerings. These factors are expected to positively influence growth in demand for fire extinguishers during the forecast period.

Key Takeaways of the Fire Extinguisher Market Study

• Carbon dioxide extinguishers will account for the leading market share of over 30%, on the back of easy access to raw materials and efficacy in fire control.
• Dry chemical fire extinguishers are increasingly adopted, due to their superior efficiency in draught-free conditions.
• Germany will emerge as a key market for fire extinguishers on the back of the implementation of by stringent codes for ensuring better safety in buildings.
• The U.S. dominates the North America market, accounting for over 80% sales in the region.
• China will lead the East Asia market, exhibiting growth rate over 6.5% CAGR through the assessment period.

 “With the ever-evolving requirements of the global construction industry, demand for fire safety equipment has grown rapidly. Fire extinguishers in particular, have been at the center of these developments in terms of economically feasible solutions. Innovative product offerings have been important for manufacturers to gain competitive benefits,” says an analyst of Future Market Insights.

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Competitive Landscape

The global fire extinguisher market is highly fragmented in nature, with the presence of numerous small scale and regional players in the market. Strategies followed by key players in the fire extinguishers market include business expansion by mergers and acquisitions, product launches, collaborations, and alliances.

Key market players also are focusing on strategies involving new dealership networks and collaborations. Investments in research and development for novel products are anticipated to boost the growth. For instance:

• In May 2021, First Alert released a new fire extinguisher aimed towards use in home settings and recreational spaces, as a low budget offering. The product has been designed to meet rechargeable REC 5 standards.
• In February 2021, Win Time Technology introduced a new, plant-based fire extinguishing agent at the No Agricultural Waste research and development project. The product is set o become an eco-friendly alternative to conventional fire extinguisher offerings.
• In January 2021, CASP Aerospace announced the release of a new range of environment friendly model 375H673 of fire extinguishers as an alternative to Halon 1211 fire extinguishers with a mounting bracket feature.

Some of the leading companies operating in the market are:

• Kidde
• ACTIVAR INC.
• AMEREX CORPORATION
• BRITANNIA FIRE LTD
• Ceasefire Industries Pvt. Ltd.
• DESAUTEL SAS
• FEUERSCHUTZ JOCKEL GmbH & CO. KG
• FIKE CORPORATION
• FLAMESTOP AUSTRALIA PTY. LTD.

Find More Valuable Insights

The research report analyzes the market demand trends of fire extinguisher market. The global market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of fire extinguisher. As per Future Market Insights research scope, the fire extinguisher market has been studied and segmented on the basis of pipe size, application, construction material and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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