Fire Extinguisher Inspection Services Market Size: Research Report, Development Analysis, Competitive Landscape And Forecast By 2029

Market Overview:

Fire Extinguisher Inspection Services Market was valued at USD 4740 million in 2021 and is expected to reach USD 6800 million by the year 2028, at a CAGR of 5.3%

The condition of the fire extinguisher is checked during a supervision-supervised inspection, which includes testing and maintenance. As part of the overall fire safety strategy, a monthly fire extinguisher inspection is organized by an external safety professional or an organization's safety officer. Using a fire extinguisher, members of the public put out about 90% of commercial property fires quickly. Numerous lives could be at risk from a single overturned fire extinguisher. To ensure the safety of buildings and tenants, a safety officer's responsibilities include regularly inspecting fire extinguishers and maintaining up-to-date records.

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Market Dynamics:

Driver:

Customers are most receptive to building and infrastructure fire codes; consequently, it is essential for providers of fire extinguisher inspection services to offer flexible service options in accordance with inspection intervals and maintenance services. The majority of the market's service providers offer options for monthly, quarterly, and annual inspections and maintenance in accordance with international regulations. To prevent accidents brought on by unanticipated fire outbreaks, governments in various economies are accepting high safety standards.

Opportunities:

Technological Advancement in Fire Extinguishers
It is anticipated that lucrative technological opportunities will benefit the market. For instance, at the NFPA Conference in June 2019, a presentation was given on the use of Smart Connected Things (SCoT) in fire protection systems. SCoT will enable the owner and service providers to remotely check the status of the system and carry out functions like inspection and testing. In the ever-evolving fire extinguisher inspection service industry, connected devices are now becoming an essential component. Fire extinguishers can be accurately, effectively, and efficiently inspected and tested with these tools.

Key Chapter Will Be Provided In The Report

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis

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Segmentation Analysis of Fire Extinguisher Inspection Services Market

Based on the application, the industrial segment is expected to dominate the fire extinguisher inspection services market during the forecast period owing to significant industrialization in developing countries, growing demand for fire extinguishers in oil & gas, mining, and chemical industries, and strict fire safety regulation. Furthermore, growing investment in the industrial sector the development of various new technologies, and business expansion lead to the growth of this segment.

Based on the service type, as per the OSHA (29 CFR 1910.157{e}, employers must perform a visual inspection on portable fire extinguishers at least once per month. This is a proper and safe benchmark for residential end-users to follow. Furthermore, employers require to perform a full maintenance check on their workplace's portable fire extinguishers once per year, as per the OSHA (29 CFR 1910.157{e}, "Maintenance" means a thorough examination and repair, as required, of all your facility's portable fire extinguishers, as covered in NFPA 10(98), Sec. 4-4. Annual fire extinguisher maintenance inspections should be performed by a professional fire protection company.

By Type
•Periodic Inspection
•Equipment Maintenance Inspection

By Fire Extinguisher Type

•ABC Multi-Purpose Fire Extinguishers
•Class K Fire Extinguishers
•Class D Fire Extinguishers
•Wet Chemical Fire Extinguishers
•Other

By Application

•Residential
•Commercial
•Industrial

Regional Analysis of Fire Extinguisher Inspection Services Market

Asia Pacific region is expected to dominate the fire extinguisher inspection services market during the forecast period. The Confederation of Fire Protection Associations - Asia, (CFPA-Asia), is a body of leading fire protection organizations from the Asia Pacific Region that have signed an agreement to collaborate forces to collectively direct their resources at decreasing the global fire problem and rising life safety. CFPA-Asia has joined some 40 other organizations from over the globe on the International Fire Safety Standards Coalition (IFSS).

By Region
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

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Table Of Content
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Fire Extinguisher Type
 3.3 By Application

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Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Fire Extinguisher Inspection Services Market by Type
 5.1 Fire Extinguisher Inspection Services Market Overview Snapshot and Growth Engine
 5.2 Fire Extinguisher Inspection Services Market Overview
 5.3 Periodic Inspection
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Periodic Inspection: Grographic Segmentation
 5.4 Equipment Maintenance Inspection
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Equipment Maintenance Inspection: Grographic Segmentation

Chapter 6: Fire Extinguisher Inspection Services Market by Fire Extinguisher Type
 6.1 Fire Extinguisher Inspection Services Market Overview Snapshot and Growth Engine
 6.2 Fire Extinguisher Inspection Services Market Overview
 6.3 ABC Multi-Purpose Fire Extinguishers
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 ABC Multi-Purpose Fire Extinguishers: Grographic Segmentation
 6.4 Class K Fire Extinguishers
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Class K Fire Extinguishers: Grographic Segmentation
 6.5 Class D Fire Extinguishers
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Class D Fire Extinguishers: Grographic Segmentation
 6.6 Wet Chemical Fire Extinguishers
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Wet Chemical Fire Extinguishers: Grographic Segmentation
 6.7 Dry Chemical Fire Extinguishers
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Dry Chemical Fire Extinguishers: Grographic Segmentation
 6.8 CO2 Fire Extinguishers
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2016-2028F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 CO2 Fire Extinguishers: Grographic Segmentation
 6.9 Water Fire Extinguishers
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size (2016-2028F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Water Fire Extinguishers: Grographic Segmentation

Chapter 7: Fire Extinguisher Inspection Services Market by Application
To Be Continued…

Top Key Players Covered in Fire Extinguisher Inspection Services Market

•Fire & Life Safety America
•High Rise Security Systems
•William Hird & Co. Inc.
•KOORSEN FIRE & SECURITY
•IMPACT FIRE SERVICES LLC
•JOHNSON CONTROLS INTERNATIONAL PLC
•Reliable Fire & Security
•Pye-Barker Fire & Safety LLC
•Chubb Fire & Security Pty Ltd. (A Carrier Company)
•Protegis Fire & Safety
•Nanjing Fire Equipment Co. Ltd.
•AAA Fire Protectio Inc.
•Cintas Corporation
•Jim's Fire Safety
•Total Safety U.S. Inc.
•VITALONG, and other major players.

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