Fire Extinguishers Market Trends And Segments Forecast To 2029

The global fire extinguisher market was valued at USD 2,853.7 million in 2022 and is expected to grow at an 8.9% CAGR during the forecast period 2023 to 2029. The primary drivers of the expansion of the global fluorine-free fire extinguishers market include the increasing environmental consciousness among the public regarding fluorinated gasses is expected to increase the demand for fluorine-free fire extinguishers over the forecast years.

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Fire Extinguisher Market Segment is expected to Dominate the Fire Extinguishers:
Based on the type, the global Fire Extinguishers is segmented into Dry Powder Fire Extinguisher, Foam Extinguisher, water Extinguisher, Wet Chemical Extinguisher, Carbon dioxide Extinguisher, and Others. The Dry powder fluorine-free fire extinguisher segment is expected to account for a larger revenue share in the global fluorine-free fire extinguishers market. The dry powder extinguishers are compatible with Class A, B, and C fire which is expected to drive the market growth in this region. In addition, the dry powder fire extinguishers are non-conductive in nature thus, they can be used for electrical fires in high voltage areas. Moreover, the dry powder fire extinguisher does not leave any residue or cause any corrosion which is expected to increase demand for fluorine-free fire extinguishers in this segment.

North America Fire Extinguishers Market:
The North America Fire Extinguishers is expected to increase over the forecast period due to the increasing concern about the harmful effects of fluorinated gases on the environment, strict government regulations regarding the use of fluorinated gasses in fire extinguishers and increasing adoption of eco-friendly fire extinguishers in this region. In addition, increasing investments in public safety and fire prevention campaigns, and growing demand for fire safety equipment in commercial and industrial spaces are expected to boost the growth of the fluorine-free fire extinguishers market in this region. Furthermore, increasing launches of technologically advanced firefighting equipment by the market key players in this region are expected to further boost the market growth.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Fire Extinguishers further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In March 2022, Emme Antincendio Srl launched Fire Extinguisher 6L Foam ABF Model -22066-91 which is 100% free from PFAS-FREE, PFOS-FREE, and PFOA., In March 2023, the new fluorine-free foam was added to the P50 Service-free Extinguishers Range.

The Fire Extinguishers is segmented based on type, end-user, application, and geography.

Based on the type, the market is segmented into the following:
• Dry Powder Fire Extinguisher
• Foam Extinguisher
• Water Extinguisher
• Wet Chemical Extinguisher
• Carbon dioxide Extinguisher
• Others

Based on the application, the market is segmented into the following:
• Electrical Fires
• Oil & Gas Fires
• Cooking Fires
• Others

Based on the end-user, the market is segmented into the following:
• Commercial
• Residential
• Transportation
• Industrial

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players profiles in the fire extinguishers market report are Securiton AG., Fireaway Inc., Dafo Fomtec AB., Safety Technology International., C-TEC., MOBIAK., Kentec Electronics., Corporation, Minimax Viking Group, Jactone Products Limited, Cease Fire Industries Pvt. Ltd, Emme Antincendio Srl.

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